Deep In The DeFi Weeds (HBD Peg / Liquidity / Friction)

I'm pretty impressed with some of the new bridge / cross chain swap platforms that facilitate transactions between various EVM chains. We all know there is a lot of friction sometimes moving funds chain to chain. The ecosystem is getting better to where you can pick and choose your battles between centralized or decentralized mechanisms to move funds and test the liquidity on various DeFi solutions. It can be very frustrating though because you are trying to retain as much as you can getting in and getting out.

In DeFi you really need a decent bag and leave it in there for a considerable amount of time to reap the benefit.

This can be tough because moving / trading a big chunk of funds can be extremely cumbersome with all the slipage and issues.

I had came up with a plan to reap the incentives on OmniDex on the Telos EVM and getting funds over there wasn't the bad part but trying to trade over there ended up being a nightmare. WETH was going for a premium and the slipage was terrible. If you are trying to trade thousands of dollars doing $200 trades is a nightmare. Why didn't I just send ETH from BSC to Telos? I tried.... the slipage to bridge that was terrible but to send USDC was low friction for some reason.

It ended up being headache to try to tap into all the wTLOS you can get as an incentive. I backed most my funds out but still have 1 ETH over there.

All this was to snag a deeper bag of Telos and then ultimately move some more funds to the HBD / CubDefi.

So the whole HIVE HBD CubDefi situation is really awesome but isn't without its hurdles as well.

HBD was trading at a premium and it was too big of a spread to move into it through buying HIVE and then utilizing the internal market. bHBD was also slightly up but you can't just smash a multi thousand order without getting major slipage.

There must be a way that BiSwap creates deeper liquidity than Pancake Swap and ApeSwap as well as others.

Ultimately I tried to get back in the 4Belt pool on CubDefi and kept getting an error. It didn't seem to be displaying the right yields and only looked like there was $10,000 liquidity in that.

I ended up backing out of Belt and I'm going to wait until tomorrow to try to do anything additional with the bHBD / HBD.

Overall the whole ecosystem is really solid and the 20% stable returns tops anything else out there right now. Hopefully I get more in play tomorrow.

Anyone else have issues with the 4 Belt contract on CubDefi?