1st Weekly Leofinance Curation Digest !

Dear Lions 🐯,

@HODLCommunity presents to you the 1st LeoFinance Curation Post

We feel very excited as we think we will adress one of the most important issue on the leofinance.io platform: Curation.

We truly hope, big stakeholders will support this initiative in order to spread rewards to some amazing writers.

Our goal is to support content creators and generate qualititative interactions between LeoFinance users.

We will set a 5% beneficiary for every author selected in this curation report.

So Lions 🐯, let's roll !

What DEFI Project(s) to invest in? The CertiK Leaderboard

by @vincentnijman

The author goes through his own DeFi experience and explains how Certik Audits and their website might help him to try something else in addition to cubdefi.com
This is what leofinance.io is about: Empowering users through quality content and an easy and secure way to enter some of the most exciting Crypto trends!

Extract: My brain merely saw the words 'Raising Security Standards', 'CertiK', 'Leaderboard', 'Investors' and 'Decentralized' ( and filled in the word Finance ) and connected the dots, thinking of Binance Smart Chain ( Farming ), Leofinance and CUB(DeFi) among other projects.
Since a month or two, I have been active on Binance Smart Chain, farming, staking and HODLing CUB

So, when I found the above article tonight, I felt this was just what I - and probably many of you - need to actually (re)gain the courage / trust to get into DeFi / yield farming / Binance Smart Chain and so on.

Why is failure so important?

by @bernieflow

A very interesting take and analogy between what we can learn from our Crypto/investment mistakes and the first aviation pioneers.
This is how we can be a better individual and benefit from the future opportunities.

Extract: As soon as people start investing, they tend to want the purchased assets to readily appreciate. However, when the opposite happens and there is a devaluation - for whatever reason, sometimes due to the market's own bad mood -, many crypto new adopters regret having started investing, believing that they made a real mistake.

We learn from our mistakes. So, when we make mistakes and fail, we learn how not to deal with things and then we assimilate what should not be done.

SAFEMOON is not Satoshi Dream and that’s okay, what’s not okay is....

by @mistakili

He then shares a parralel system used in Africa which I was unaware of. Spoiler Alert: SafeMoon is a pay-in Ponzi style token. Once you know you can then make your own decision.Another very interesting take from @mistakili about SafeMoon and the obvious flows about it (10% tax being the one most talked about).

Extract: What good is a cryptocurrency that constraints you? You can't transact with it, you'd pay 'fine' if you do, you don't want to send it cuz if you do you'll pay 'fine', remember, I'm unbanked and hella broke, I barely had 20$ to buy the token, I'm automatically compelled to holding.

Thing is, there are business models commonly practiced in some parts of Africa, people within communities contribute specific amounts of funds to a pool, each month, a member of the community takes the entire funds in the pool at the end of that month, this process is repeated every month and the rewarded members are rotated.

Hive Blockchain is the future as we lay in wait for Web 3 adoption

by @melbourneswest

Interesting article and quite a summary of what happened during the past week. @melbourneswest writes about Polygon Network (MATIC), Elon Musk, Proof of Stake, Binance Launch Pad and even CubDefi.

Definitely an interesting short read.

Extract: Binance Launch Pad is a good example of a Proof of Stake system working. You put you're tokens in and you get the new native currency as yield. You can than remove your tokens and you leave with you're new ones which may or may not hold value.

There aren't many of these systems established as yet, fortunately @leofinance is creating one on Cubdefi partnering with Thorchain. It is a risk at current but one I think that will pay off.

Having Personal Crypto Education & How It Keeps You Immune To FUD, FOMO or Dips

by @josediccus

In this article, the writer explains one major risk for all these new users joining: buying close to the ATH and once the inherent crypto volatility kicks in, they get scared and sell their assets.
One of the solution he sees is financial and crypto education

Extract: A lot of people do not understand the basics of crypto, they're just here to buy the hype, buy the gains and forget dips are part of the game. one thing is, if Crypto had only bull markets I'm guessing people would majorly be buy and adoption globally would be more massive, but how much of this adoption would be organic and targeted at building as a wealth bag or reserves?

Latest updates

HODL Community becomes a full time 🐯LEO Curator !

@leofinance has been a real game changer for the Hive ecosystem as it brought us DeFi and so many new projects / features are still incoming. @hodlcommunity wants to be part of this vibrant team and community.

We have come to the conclusion that we should do everything we can to help creators, especially new users that might feel discouraged seeing the low upvotes they get.

We will continue to focus EXCLUSIVELY on the content quality of the posts we upvote but will try to target lower payouts posts.

Delegate to @hodlcommunity

If you would like to delegate some HP to our community and support us; we give you back 90% of the curation rewards on a daily basis ! APR > 12% !

250 HP - 500 HP - 1000 HP - 2500 HP - 5000 HP

We are also currently working on a LEO Power delegation service for the Leofinance Community.