Name of the Project:

Polygon HBD

Token Launch Date:

Apr 15, 2022

Project Ticker/Symbol:

pHBD

One-liner description:

pHBD is a wrapped version of the HBD (Hive Backed Dollar on the Hive Blockchain) token on the Polygon blockchain.

Platform where the project is based:

Polygon Network

Team:

pHBD is a Community DAO

The Founders are not anonymous.

Main Website

Logo

Website of Parent Project

pHBD Contract Address on the Polygon Network:

0x6d969cea201e427d2875724fd4e8044833fbc7f4

Block Explorer

pHBD-USDC LP pair contract:

0x4414B5a6356e9F1a5DaAde9eB5F3fe9e37Af1635

Whitepaper

Announcement

Exchange Link

Message Board (Blog)

Twitter

Reddit

Facebook

Discord

Github

Telegram:

pHBD is a wrapped version of the HBD token (Hive Backed Dollar on the Hive Blockchain), built on the Polygon blockchain. HBD is the longest standing algo-stablecoin in all of crypto but it has struggled with achieving mass adoption. HBD has a Fixed Savings Rate of 20%, which has solved the demand issue for HBD.

There’s a supply issue with HBD, which is where pHBD and the Liquidity Pool pHBD-USDC comes into play. PolyCUB is releasing a pHBD-USDC vault and we're aiming to drive $5,000,000 in liquidity to it. You can read the full details in our whitepaper at https://docs.polycub.com/mechanics/phbd

This vault is going to change the dynamics of HBD, opening up the potential for HBD to have large levels of supply to support the onboarding of DeFi whales. $5M is just our initial target. In the long-run, we would like to have a great deal more in liquidity to support a much larger influx of users.

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