# Intro To Polygon

[source](https://coinculture.com/au/wp-content/uploads/2023/06/polygon.jpg)
If you've been around the DEFI space, then you've certainly heard about the *Polygon* Network. The reason Polygon (or Matic) got so popular is the ability to run many Etherium applications for a much cheaper [Transaction Fees](https://leofinance.io/@leoglossary/leoglossary-transaction-fee) (a couple of cents Versus a few dollars) 
So I've been lurking into the DefiLama website looking at the [Stablecoins](https://leofinance.io/@leoglossary/leoglossary-stablecoin) on the Polygon Netword (more can be found [here](https://defillama.com/yields?chain=Polygon&attribute=stablecoins)) until I found a stablecoin giving a similar APR to our Beloved HBD:

https://i.imgur.com/X8Olv9E.png

# PearlFi & USDR

 https://i.imgur.com/iTExxAW.png 

What got into my attention is the *Double Stablecoins* Pools with *Millions* in [Liquidity](https://leofinance.io/@leoglossary/leoglossary-liquidity) and a closer [APR](https://leofinance.io/@leoglossary/leoglossary-annual-percentage-return-apr) to Hive Backed Dollars. On the otherside, I've never heard of this so called USDR coin.

After digging a bit, it came out as an interesting concept merging both Crypto and Real Life Business:
The whitepaper mention that USDR is pegged to the Dollar and backed by *Real Estates* that gets its value by:
- Yield through Real estate Rentals that get paid back to Hodlers in for of a *Rebase*
- Real Estate Price Appreciation as shown in the graphic unlike FIAT Dollars that it prone to inflation over the last few decades!

 https://i.imgur.com/S05gv2K.png 
[Source](https://www.google.com/url?sa=i&url=https%3A%2F%2Ffred.stlouisfed.org%2Fseries%2FMSPUS&psig=AOvVaw3thKAu6or1n1KLkgqK86CJ&ust=1695936183300000&source=images&cd=vfe&opi=89978449&ved=0CBAQjRxqFwoTCOCbzd7cy4EDFQAAAAAdAAAAABAE)

I won't go much through details about how PearlFi works as I'm more focused on the provided APR from the platform, but wait here's more: 

https://i.imgur.com/X8Olv9E.png

# Yield Aggregator 

The reason why I love going through DefiLlama is the multitude of filters available to satisfy all my curiosity and researchs. 
With this I'll focus on the *USDR* coin on the *Polygon Chain* while only including *stablecoin pairs* like shown below

 https://i.imgur.com/G2Wb9gU.png 

At my surprise, a well known Yield Aggregator, Harvest Finance, is offering a whopping *70%* APR on these stable farms! 

 https://i.imgur.com/WqQCidb.png 

Logging right into the DAI-USDR pair, there was a clear explanation about why the APR was so high on the current Liquidity Pair (more on this [link](https://app.harvest.finance/polygon/0xCa3f117eA3ad79DC98b2aF41C4d5fd457ff8205C)): 

 https://i.imgur.com/7XuFAT6.png 

- The base earning is $PEARL but then it's converted to CVR that in part of the *Tangible protocol* (it seems like Tangible and Pearl are connected) 
-  On the other side, providing liquidity on fCVR offers around 480% explaining why the APR shot up so high (maybe also to the auto-compounding effect)
- iFARM is the native token of the Harvest Finance that'll always hold significant Value.

https://i.imgur.com/X8Olv9E.png

# USDR & HBD
This is NOT financial advice, I've only went through the APRs and didn't actually dig into how the protocol works, the interaction between $PEARL, $CVR and $USDR, how long the boosted APR will persist and how trustworthy the devs are nor did I put my money into the protocol.
On the other hand, HBD will save me the headache of going through all these complicated stuffs and just collect my divs every month OR used it to grow my Hive Power on the Hive Ecosystem.
HBD is fully audited by the Hive Token as long as the Tokens doesn't fall below a certain threshold (currently at 7 cents like shown here)
 https://i.imgur.com/5DBU7Df.png 

https://i.imgur.com/X8Olv9E.png

# Tldr
Again this is NOT a financial advice, I'm just highlighting my newest findings on the Polygon Network and trying to make a little comparison to the native HBD Token. In fact, it helps broaden our mind by opening ourselves through different networks.
Thanks for reading till now and have a wonderful day!

Posted Using [LeoFinance Alpha](https://leofinance.io/@cantfoldaces/a-stable-coin-giving-20-apr-on-polygon-is-it-close-to-hbd)