Wow a fantastic feat considering there's still an airdrop to come.
Obviously that hasn't stopped a massive influx of capital and yield farmers in search of their next harvest!
Hungry yield farmers have descended upon the newly launched Cub DeFi platform in search of massive yields.
New DeFi yield farming platforms are exciting, and usually offer the best APY's around until the pools reach a greater level maturity in terms of participants.
The brand new platform has quickly amassed a current TVL of $6,139,851 and counting.
All this despite the airdrop that is yet to hit LeoFinance.io participants with the aim of encouraging engagement with the newly minted DeFi platform.
The CUB DeFi platform utilizes a UI format that many are likely already familiar with, think PancakeSwap or Goose Finance, as it's a PancakeSwap fork on the Binance Smart Chain (BSC).
How Does This Stack Up Against Other DeFi Platforms?
According to https://www.defistation.io/ which tracks TVL across the Binance Smart Chain $6.1M is good enough for 19th spot!
I can't wait to see CUB Finance listed here and climbing the ranks.
A Top 20 BSC DeFi platform Within 24 Hours!
CUB DeFi is Community Backed
One of the very unique elements of this newly launched DeFi platform is that it hits the ground running with the backing of a strong crypto & finance enthusiast community from both the LeoFinance.io blogging platform and the HIVE Blockchain and associated Dapps.
LeoFinance.io and it's team have a good track record of delivering on their road map and have found impressive early success with their crypto blogging platform and native LEO token.
What's more is that the LEO team is also on the verge of launching a brand new micro blogging platform to compliment it's current offerings.
This is a trusted development team with a good track record backed by an enthusiastic community, all the makings for some early success in the DeFi arena.
Deflationary Features
It should not go without mentioning that the CUB token economy was created with a unique deflationary buy and burn mechanic.
100% of vault revenue is used to buy back tokens and burn them.
That's 80% to buy back and burn CUB and 20% to buy back and burn bLEO (LEO).
bLEO is the wrapped version of the LeoFinance.io native LEO token that is used with the Binance Smart Chain.
The Binance Bridge allows you to wrap your crypto assets (LEO, BTC, ETH, XRP, USDT, BCH, DOT, and many more) for use on the Binance Smart Chain in the form of BEP-20 tokens.
Plain and simple the more participants that stake capital in the CUB DeFi vaults the more CUB & LEO that is burned from supply!
There are currently 10 Farms that have a deposit fee between 2-4%, and an additional 9 single asset pools also with a 4% fee.
Burn baby burn!
All The Documentation
A substantial amount of documentation can be found over at https://docs.cubdefi.com/.
This includes Road Map, Apps Overview, CUB Tokenomics, and How To Guides to help get you started.
This post was also shared on Publish0x here.
Ciao for now,
Posted Using LeoFinance Beta
Additional LeoFinance Content:
- Stack Your CUB's Now & Compound That Yield!
- Starter Guide to Earning A Crypto Income
- CUB Finance Surpasses $5,000,000 TVL in Under 24 Hours!
- Global Household Brands Now Rapidly Moving Into Crypto
- Ethereum EIP 1559 Explained In Under 5 Minutes
I wonder if the new and upcoming microblogging platform will be analogous to the Read.Cash and Noise.Cash Platforms.
Posted Using LeoFinance Beta
Good question, I would imagine so, if not better!
At least more substantial offerings considering it will share an ecosystem with existing blogging and DeFi platforms.
I actually haven't started on noise.cash, have been holding out for ProjectBlank so I dont spread myself too thin :p
Posted Using LeoFinance Beta
Twitter on the Blockchain is how it was termed.
Posted Using LeoFinance Beta
wait for cup airdrop of lew power holder
Posted Using LeoFinance Beta
By the power of grayskull!
Posted Using LeoFinance Beta
It is exciting to see how quickly things have grown. That said, it should not surprise us for the reasons you mentioned. Leofinance already had a built in user base who trust the development team. Also, once again, they churned out a terrific product from the start.
The key is how far they are spreading and what is being added. With the bridge, more tokens be used to pool and stake.
In short, that is more flowing into the ecosystem which, over time, should spread the leofinance name out there.
Posted Using LeoFinance Beta
The Blogging + Micro-blogging + DeFi is a real trifecta. Total web 3.0 ecosystem with more to come! Fun times.
Posted Using LeoFinance Beta
So...What does one need to be eligible for the airdrop?
I guess I should read the docs. :)
The good doctor, good to see you! If you had LEO staked on LeoFinance or in the wLEO geyser, you'll receive some CUB in the near future. Hopefully you'll get some! If not, some people will inevitably be selling on HE, will only be available on HE for 1 week though.
Posted Using LeoFinance Beta
Good to know thanks for the reply!
Oh shit! I got a tiny drop! Sweet :)
Posted Using LeoFinance Beta
Did someone say Cub Party?!?!
Posted Using LeoFinance Beta
LEO staked and wLEO. The snapshot has already been taken of accounts as I understand it, at least for CUB airdrop. I believe a different snapshot of wallets were made for Project Blank and Cub project.
Posted Using LeoFinance Beta
I think I had a small amount staked.
I'll keep my fingers crossed. Thanks
Amazing results so far. The devs just keep putting the pieces in place for more people to learn about Leo and then, more importantly, STAY with Leo. The whole Hive/Leo ecosystem is becoming more robust by the day. It's only a matter of time before the name starts filtering out to the world and the network effect really comes into play. Fun times....
Posted Using LeoFinance Beta
Absolutely, and your comment is timely! as I just had that exact thought about network effect and was about to check other platforms like Publish0x to see how the CUB and HIVE news is flowing.
Posted Using LeoFinance Beta
LEO is worth about $1 now. I'm sure there will be posts about it. It's worth $1 now and that's before Project Blank even launches.
Posted Using LeoFinance Beta
This is awesome! $1 still seems undervalued, especially if new users can come on board in the near future through CUB Finance and Project Blank. Not going to speculate on a LEO price but more users = more value.
Posted Using LeoFinance Beta
wonderful news, I entered yesterday after some crash course defi. love it. What a great community. I started 2 days ago on leofinance after some long time inactivity.
Posted Using LeoFinance Beta
Awesome, and welcome back! Yes there's a good group here, and you're not alone, loads of people needed a hand the last couple days with figuring out how to yield farm. I think as a group we've all just leveled up our knowledge.
Posted Using LeoFinance Beta
CUB is the new fever in LeoFinance town.
Posted Using LeoFinance Beta
and then... #ProjectBlank
Posted Using LeoFinance Beta