How to Make Money on DeFi with HUB

  • Trading
  • Arbitrage
  • Providing liquidity
  • Farming
  • Staking
  1. Minter
  2. Ethereum
  3. Binance Smart Chain
  4. Minter Hub
  1. For traders
  2. For holders

For traders

Let’s begin with a good working definition of trader. A trader is an active participant in the market who profits from making buy and sell deals.

Trading

Just like with any other asset, trading in HUB implies buying lower and selling higher. To assess the prospects, we invite you to look at history first:

  • The HUB token was minted on the Ethereum network October 27, 2020
  • 50,000 HUBs were distributed among those who contributed to Minter’s progress the most
  • The maximum supply is limited at 1M
  • In 2021, there will be up to 100,000 HUBs in circulation at most
  • The starting price in the HUB/USDT pool was $0.1 per HUB
  • Minter: HUB/BIP
  • Ethereum: HUB/USDT
  • Binance Smart Chain: HUB/BNB (coming soon)

Arbitrage

Arbitrage refers to re-sale, a situation when you buy lower at one place and sell higher somewhere else.

  • HUB-BIP
  • HUB-RUBX
  • RUBX-BIP
  • BIP is a base coin of the Minter network
  • RUBX is a custom coin that represents a Russian ruble stablecoin
  • 1 HUB costs 18,700 RUBX in the HUB-RUBX pool. We sell 1 HUB to get 18,700 RUBX
  • 1 RUBX costs 0.82 BIP in the RUBX-BIP pool. We sell 18,700 RUBX to get 15,334 BIP
  • 1 HUB costs 15,000 BIP in the HUB-BIP pool. We sell 15,334 BIP to get 1.022 HUB or sell 15,000 BIP to get 1 HUB and keep the remaining 334 BIP
  • Transactions are fast and inexpensive
  • A liquidity pool with any tokens in it can be created by anyone
  • Liquidity can also be provided by anyone who’ll be making money on swap fees
  • Each swap transaction in one pool leads to arbitrage opportunities in another
  1. HUB-USDT on Ethereum
  2. HUB-BIP on Minter
  • Transaction fee
  • In-pool fee
  • Cross-chain transfer fee (if necessary)
  • 1 HUB -10%
  • 2 HUB -20%
  • 4 HUB -30%
  • 8 HUB -40%
  • 16 HUB -50%
  • 32 HUB -60%

For holders

Unlike traders, holders are passive participants in the market who profit from keeping the HUB token on their balance. Currently, there are several ways to do that, and you can either stick to a single one or mix all of them.

Providing liquidity

A liquidity provider is someone who offers their funds to be used by other users making swaps via pool. For that, they receive a fee on each exchange transaction.

Farming

Farming is an additional reward for LPs. At the time of writing, farming programs have been launched for HUB pools in three networks:

  • Ethereum (0.1% daily, payouts in HUB)
  • Minter (0.1% daily, payouts in BIP)
  • Binance Smart Chain (0.1% daily, payouts in HUB) (coming soon)

Staking

First, you need to understand that technically, only Minter Hub oracles can stake HUB from their addresses. They offer users to delegate their tokens so that everyone can join. The initial delegation implies sending HUB to the oracle’s address, from where it will later be transferred to Minter Hub and staked in the node.

  • Minter One (receipt token: MONEHUB)
  • Chainik (receipt token: HUBCHAIN)
  • MonsterHub (receipt token: MONSTERHUB)
  • BTC.Secure (receipt token: LIQUIDHUB)
  • FriendsTRUST (receipt token: TRUSTHUB)
  • Minter.Center (receipt token: HUBCENTER)

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