Polygon HBD Price Today

Price PHBD to USD now is $1.014. Trading volume by 24-hours $232. Polygon HBD, which_ranked #10000 price is up 1.18% in the past 24-hours. Polygon HBD has circulating supply of $0 and have $0 capitalization.

Highest price for Polygon HBD

The all-time high price of PHBD is $1.77, the record was set on the 0.

Lowest price for Polygon HBD

PHBD all-time low price is $0.636, the record was set on 0.

How much has the price of Polygon HBD changed lately?

7 days ago the price was $1 , this changed the PHBD price by 0.71306%

14 days ago the price was $1 , this changed the PHBD price by 1.25412%

30 days ago the price was $1 , this changed the PHBD price by 0.07768%

60 days ago the price was $1 , this changed the PHBD price by 2.12483%

1 days ago the price was $1 , this changed the PHBD price by 0%

What is 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.