Another market for HIVE and HBD has been added, thanks to Leo Finance for launching bHBD and bHIVE into the CUBFinance farming pools some days ago with the following pairs:
- bHBD-bHIVE
- bHBD-BUSD
- bHBD-CUB
- bHIVE-CUB
Leo Finance has provided a channel for easier movement of crypto assets (and money) in and out of the Hive ecosystem through the Multi-Token Bridge and also providing additional investment and arbitraging opportunities through its DeFi projects both in the BNB Chain (CubFinance) and in the Polygon network (Polycub). We are fortunate to be in an ecosystem that is turning to be a DeFi epicenter as TM puts it sometime ago. The community is growing and so are the opportunities.
LeoBridge Experience (Wrapping HBD into bHBD)
Although I have been reading about the new HIVE and HBD Liquidity Pools some days back, I postponed jumping into any of them because I might just be feeling hyped. I may have missed the higher APRs during the first few hours to a few days when the pools opened but I had to make sure it is something I wanted to do before taking action.
But some days ago, I decided to try bridging a small amount of HBD into BNB Chain and take advantage of the new opportunity in the CUB Farms.
The wrapping of HBD through the Leo Bridge was very swift which makes the user experience absolutely flawless. I also like the fact that getting LP via PancakeSwap and approving transactions are fast compared to SushiSwap (Polygon) where sometimes, it takes a while for the interface to load and transactions taking time to process.
But for this, I didn't even spend several minutes transacting, from bridging to getting LP and then pooling it into the CUBFi farm.
And being one who is conservative at investing, I chose the bHBD-BUSD pool to minimize the risk especially in terms of Impermanent Loss. I will probably be adding more to it in the coming weeks since my LP'd amount is yet small.
By the way, if you are looking for a tutorial on how to wrap and unwrap $HIVE and HBD via the Multi-Token Bridge then adding liquidity, check this video tutorial by Khal.
Meanwhile, I read some great news days ago through threads. The MTB seems to be amassing revenues from wrapping and unwrapping fees. By this, I can only deduce there had been a lot of transactions going through it. And because of it, more CUB are getting burnt.
And with more $CUB being burnt, I would imagine some interesting things to happen in the succeeding year or so (fingers crossed). Khal also mentioned on the recent podcast replay that there had already been 800k CUB burnt and may cross the million mark at the end of September.
Checking the stats, the number shows 805,382. Is this perhaps the best time to collect and stack up? Hmmm...
As always, none of these are investment/financial advice. DYOR.
Logo/s & photos from CUBFinance and LeoFinance. No copyright infringement intended. 140922/20:00ph
Posted Using LeoFinance Beta
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Leofinance never stop making it easier, it's the core financial platform built on top of hive.
Posted Using LeoFinance Beta
That's true. It's growing so let's grow along with it :)
Posted Using LeoFinance Beta
This is really cool… I waited a while before trying cub out myself, but I still feel like there’s a lot of opportunity there for us.
Great share! 🙏🏾
Posted using LeoFinance Mobile
Thank you :) Felt the same way, there's something good in it if not soon, perhaps later in the future.
Posted Using LeoFinance Beta
A pleasant user experience is a key factor when wrapping and the Leo bridge is such an expert at making that come through .
Posted Using LeoFinance Beta
That's very true. LeoBridge is doing a great job :)
Posted Using LeoFinance Beta
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STOPCheck out the last post from @hivebuzz:
ayooo very nice!
Posted Using LeoFinance Beta
Thanks for the update.
Definitely can't wait for more update from you..
And thank God I got to read this on time...
Posted Using LeoFinance Beta
Yay! 🤗
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