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phbd Polygon HBD #
0.98 USD 0.31% +0.00
DAY RANGE
0.98 0.99
Circulating supply 0
Total supply 10M
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phbd Price

Current Price 0.98 USD
Price Change 24H 0.00 USD
Price Change 24H 0.31%
Price Change 7D -2.73%
Price Change 14D -3.51%
Price Change 30D -0.90%
Price Change 60D -0.84%
Price Change 1Y 0.00%
Market Cap Change 24H 0
Market Cap Change 24H 0.00%
All time high (ATH) 1.77 USD
ATH Change -44.45%
ATH Date 2022, Jul 25

phbd Markets

Sushiswap (Polygon POS)
0X6D969CEA201E427D2875724FD4E8044833FBC7F4/0X2791BCA1F2DE4661ED88A30C99A7A9449AA84174
Last price: 0.98 USD
Last price: 0.98 0X2791BCA1F2DE4661ED88A30C99A7A9449AA84174
Spread: 0.62%
24H Volume:
18.2 USD
Sushiswap (Polygon POS)
0X6D969CEA201E427D2875724FD4E8044833FBC7F4/0X7CC15FEF543F205BF21018F038F591C6BADA941C
Last price: 0.98 USD
Last price: 41.88 0X7CC15FEF543F205BF21018F038F591C6BADA941C
Spread: 0.64%
24H Volume:
18.2 USD

* Anomaly - Trading price is an outlier against the average

** Inactive - No trades in the last 3 hours

Polygon HBD

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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