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How To Make Over 60% Profit Monthly While Staking In The pHBD-USDC Liquidity Pool On Polycub. by teesart

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· @teesart · (edited)
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How To Make Over 60% Profit Monthly While Staking In The pHBD-USDC Liquidity Pool On Polycub.
One of the most beautiful things I've discovered lately while staking in the pHBD-USDC liquidity pool is how you could make some extra bucks not only when staking pHBD in the LP but also when trading the pHBD-USDC pair by taking advantage of the slight fluctuation in price of PHBD against the more stable USDC.

I observed at a point that when convert a certain amount of pHBD to USDC, e.g 1000pHBD, you'd get around 1030USDC which as a result of the price fluctuation of pHBD from $1 to $1.03 and when you reconvert the $1030 USDC to pHBD could get around 1040 pHBD if pHBD had dropped to around $0.99. This is 4% profit of the pHBD intially traded and with calculations, there are chances of earning more depending on the frequency of price fluctuations per day and how many times you're willing to trade. The price fluctuation happens at least once a day as seen in this chart below

![img_0.19373965480825348.jpg](https://images.ecency.com/DQmPUPTaHbvR5BV94SCJu9sovzhb6RSbvEbNbtL6KtXTTQ1/img_0.19373965480825348.jpg)

![img_0.7336904356336146.jpg](https://images.ecency.com/DQmbQp86gRhPE5zuyYL7LRomJnEvY11WiGtkHijt8ivBtFw/img_0.7336904356336146.jpg)

When there's no fluctuation in price and you don't feel like trading, you can stake your pHBD earned till you're comfortable trading it again with the pHBD-USDC pair. I particularly fell in love with this because of how the level of stability of pHBD and USDC, you're basically trading with stablecoins and you're pretty safe from the uncertainties and massive volatility of trading with other cryptos out there. And when you don't feel the need to make these trades as a result of uncertainties or inconveniences, you can also easily stake your PHBD in the liquidity pool where you'll be adding to the liquidity of HBD which we need to get to as high as $5 million and also earn with the juicy APR it offers. 

This also isn't time consuming because pHBD tends to hold its price for a couple hours most times and you can quickly make the trades when you observe a fluctuation in price. I'm really not sure how long this would last particularly since I noticed HBD has kinda gotten more stable since its APR was increased this month but there's always fluctuation in price of stablecoins which could be as low as 1%. This might seem not much for anyone trading very small amounts so the higher your HBD the higher your returns. Trade with caution.

Please note that this is not a financial advice and is basically an oberservation from the actions taken while trading the extremely volatile cryptocurrency market.
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vote details (44)
@barski ·
Every day I fall behind and fall behind and fall behind ... recently dreamed of 20%, now, 60% is just around the corner)

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@barski/re-teesart-6kej61)
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@hivebuzz ·
Congratulations @teesart! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

<table><tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@teesart/payout.png?202204290251"></td><td>You received more than 17000 HP as payout for your posts, comments and curation.<br>Your next payout target is 18000 HP.<br><sub>The unit is Hive Power equivalent because post and comment rewards can be split into HP and HBD</sub></td></tr>
</table>

<sub>_You can view your badges on [your board](https://hivebuzz.me/@teesart) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>


To support your work, I also upvoted your post!


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