Smart contract initiated the 1st & 2nd step for the LeoPremium protocol. Next is steps 3,4, 5 and 6
- reach $500 HBD
- convert $500 HBD to $500 worth of HIVE in internal market
- convert $250 worth of HIVE to swap.hive
- buy $LEO
- wrap HIVE to bHIVE and LEO to bLEO
- pool as bLEO-bHIVE on BSC
that's a lot of dang steps
that’s why it’s not a dumb contract, but a smart one!
If it were any smarter it would be able to write a book!
That's good to hear. So that means half of the Premium subscription payments will be sent to the LPs on CubFinance.
Nope it means that 100% of them will be
$250 bHIVE & $250 bLEO
Oh, yes. Misread that one. Thanks for correcting.
No worries, I actually went back and edited because I don't think it was your fault. My wording was a bit unclear
Aah, that makes sense, LOL! Thanks.
are there any explanation post I can read about how bHive and bLeo work? Wanna educate myself, I’ll go refresh my knowledge of liquidity pools but would like to know more about these coins
what is done with the LP rewards?
The only LP rewards are earned in bLEO-bHIVE LP Tokens
If you don't withdraw the LP, then the rewards just compound as more bLEO-bHIVE
Since this LP won't ever get withdrawn - they simply permanently increase the amount of bLEO-bHIVE liquidity
This is where my understanding stops. The rewards of (bLeo-bHive) farm comes in CUB's. Right? Like on any farm. If you do nothing, then more and more CUBs stay locked there, not bLeo-bHive liquidity growing. No?
As far as I understand, when liquidity is added to a pair, the aggregator earns LP tokens.
Which is the LP token of the bLEO-bHIVE pair?