Cent Daily Digest (May 18, 2022) - pSPS Vault now available on PolyCUB; will this Improve the lots of SPS ?
Hours ago, @LeoFinance has successfully integrated the pSPS vault in PolyCUB. pSPS is paired with POLYCUB in the DeFi pool. This means that investors can now provide liquidity for pSPS-POLYCUB to earn POLYCUB rewards to the tune of over 100% APR.
Also, the pSPS-POLYCUB pool creates an additional market for SPS on the Polygon blockchain by trading on the pSPS pool and unwrapping it.
- You can wrap/un wrap SPS here
There is also an arbitrage opportunity for SPS traders. That is,. you can buy OPS cheaper on Hive and sell it for profit on PolyCUB and vice versa.
Note: pSPS is a wrapped version of Hive-Engine SPS on the Polygon blockchain
Do you think this development would improve the lots of SPS? The price of SPS plunged with opther crypto during the last bear dip.
Share your thoughts in the comments section. All related entries would earn a decent $CENT upvote.
This thread is to encourage engagement within the CENT community and to help spread CENT to many accounts.
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Such a great news @writeandearn
Actually with the limited knowledge I have in cryptocurrency, this development will create a strong workforce to aid support the bridging of Hive-Engine SPS -> PolyCUB's pSPS asset on the Polygon Network. Also, it is benefit to the PolyCUB platform.
Great to have you around here John. A lot is ongoing on Hive. Do well to engage the communities and jump into the one which fits you and your passion.