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Donkeys in this sense is a good thing as it is another way of saying you are a top ranked farmer who knows what he/she is doing in the DeFi world.
A new type of way of investing in DeFi is about to happen and it sounds like a whole lot of fun. Don-key.finance is putting together a group of donkeys/farmers who have a good track record in yield farming. Investors can then provide liquidity to their chosen donkeys which will cost them 5% of their gains. This sounds like a good deal to me as 5% for clicking a button and providing liquidity takes all the hassle out of buying into various pools/farms. I must admit it caught my attention immediately.
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I suggest everyone reads the whitepaper/liepaperhere first so they can get a full understanding of what is coming. This makes for an interesting read as you can even add insurance.
must read
There will be #DON tokens on offer monthly supplied by an airdrop to farmers depending on their performance and to liquidity providers as well. Each farmer will have different types of strategies on offer with a high risk reward scaled at a 10 and the low at a 1. Tokens are earned via a combination of risk and performance which sounds like a balancing game, but fun at the same time.
Cubdefi could benefit hugely if we can get some of our super donkeys joining up and getting in early. Investors would back our club donkeys increasing the size of our TVL. A decent donkey could literally have millions of dollars backing them whichisa boost for the whole project. Here is the form one needs to fill out to apply for the position of being a donkey. Sign Up Here
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What we need is to get #CUB into the farmers market via our genius donkeys who know what they are doing on #Cubdefi. What better way than to make more investors aware of what we have going on in Leofinance.
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This is all so new and many people who have no clue about DeFi will see this as a way of getting involved yet having some fun at the same time. The possibilities are endless where this could take DeFi as it opens up an area in the crypto world that is not straight forward to the average investor. from reading between the lines you click on your chosen Donkey and invest into their pool using possibly #Don tokens as I don't know how else this could work. Maybe waiting to see it come to life is best than guessing right now.
Investing in the Donkey through the results they are achieving plus the value of the token being farmed will be interesting to watch how this plays out. I think it is something different and could take off because this is totally out of the box thinking.
I really hope we can get some of the #cubdefi farmers entering as this is just too good an opportunity to miss out on. I see this as a great marketing tool.
Posted Using LeoFinance Beta
This is pretty amazing on so many levels. Is this on HIVE Engine?
Basically, a whole new chunk of wealth just opened up - jobs, investors, tokens, etc.
I look forward to when o can buy my car insurance through LeoFinance.
Posted Using LeoFinance Beta
No not on Hive Engine but this is going to cover all platforms that do DeFi. I am intrigued on how this is going to work and this should be loads of fun.
Posted Using LeoFinance Beta
Its interesting that in this decentralized and supposedly trustless environment we are still allocating trust to certain trusted parties. Its fascinating
Posted Using LeoFinance Beta
I find it an interesting start-up, try to post it on discord to see if someone else joins
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Lmao donkey dot finance looks pretty funny but logically donkey is the most hard-working animal in the fields.
Yes you are correct on that bit, still looks like it could be loads of fun. I just like the concept of what they are doing.
Posted Using LeoFinance Beta
I am one of those people who have no idea about Defi, I have tried to understand Cubfinance but it's hard for me, nobody has explained me personally how it really works hehe. I have tried to read the documents to understand but they still use terms that I don't understand, so I am just as uninformed.
Posted Using LeoFinance Beta
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Very interesting. I don't think I have the funds right now to put into something like this, but I look forward to hearing how it all pans out.
Posted Using LeoFinance Beta