Cubdefi.com
It's so great after all of this time to be able to properly jump into the DEFI area. The reason for this being the @leofinance team developing a platform that is simple to use and that we can trust.
You can do your own research but personally I have seen them building in this space for the past few years. Have a good track record with their users and live up to their promises. They have shown their worth as a project and I feel safe to put my crypto on their site.
As always, it is still at your own research.
"Not your keys, not your crypto."
I do however love earning more and this requires taking it out of cold storage and putting it to use. With the high fees on Ethereum and the large number of rug pulls that we have seen in this area I never felt inclined to do so until this point and with a project that I can believe in.
Where it started
Cub finance has it's origins on the hive blockchain where the team started out by creating a tribe for financial and crypto content.
You can read more about that on an old post of mine which has more detail on the LEO site and it's activities.
An Invite to Leofinance
Over time as the site grew in numbers and popularity the team decided to expand into other areas of crypto. They created a DEX on hive and educational tools for new users. They added value to the site and to their token holders which all tie in nicely together.
Then they made the leap into DEFI. This was eagerly awaited by people who had been watching the space since day 1 and they did not disappoint. The site is built onto the BSC for it's speed and low fees. It has ties back to the hive blockchain and the earnings are used to provide value back to both their LEO and CUB tokens.
In the beginning there were liquidity pools and dens. These were a great start for most of us and the people that got in early did earn a lot of $CUB as the block rewards were higher for the first few weeks.
The price has dropped since those first few days as the reward chasers have moved on and it is now finding it's base level. Luckily for me it just keeps adding up regardless of price and earns passive income. I'll check back into the price in 2022 and see what happens in the meantime.
For me it is a non issue as they are just after launching and it will take time to build a customer base and create demand. They have been well able to do this with their past projects and at the rate they are building here i can see it going the exact same way again over time.
Kingdoms
This is the latest offering form the team and the one which has gotten me all excited this week. Just recently they have released the first of their kingdoms.
An auto-compounding machine that will earn you rewards on your $CAKE tokens while paying you in $CUB to use the site.
What's not to love?
Just over a week ago I jumped in the very first day to try it out.
I put in 100 $CAKE and let it do it's thing.
I now have 108.2 after the first week from compounding my earnings and trading the $CUB earned in the den back to $CAKE as well to help it along.
Just from the compounding nature of the Kingdom I am earning 0.28 CAKE back on my stake every day. That might not seem like a huge amount but it will only increase over time as I keep adding into the kingdom and it keeps growing every time it compounds.
- 0.28 Per day
- 1.97 Per week
- 8.4 per month
- 102.2 per year
And that is my original investment made back in the first year. Not only that but the kingdom is earning me another 2.6 $CUB per day as well.
At current prices that would be
- $2000 in CAKE
- $800 in $CUB
This brings it well above my original investment and those are flat numbers as well.
Then you take into account the $CAKE compounding inside in the den and they go up a bit more. Buying more $CAKE from the $CUB earned by using the kingdom and it goes up a little bit more.
You can see where I am going with this...........
What is next for Cub finance?
From what I can see, the next step is adding even more kingdoms.
Transfer the $CUB den to an auto-compounding system.
Make it even easier to use the side and to make some gains from DEFI.
Marketing and promotion are on the horizon.
They have also created an Ethereum to Binance smart chain bridge making it quick and easy to transfer tokens from one chain to the next.
These are only the bits that I know about. I imagine that there are a lot more plans than this which will keep adding to their eco-system and will make Cub finance a great site to be a part of going forward.
Until then I will just let my crypto do the hard work and keep making those gains.
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I am already in the kingdoms since day one. I went in with a smaller amount and just put in 38$ CAKE and a few days later 3 more I now have 41,792 but you cans see it compounding even with a lower investment. I made a quick count and it is very optimistic in terms of the CAKE farm APY if it stays at 130 ish % I will have 2.5 milllion USD worth of $CAKE in ten years. And I did not count the cub rewards in this one. Just imagine CUB going back to like a level of 3-5$ and that is not unrealistic and Cake doing a 3x in the next year... I am in for that baby!
And lets be very pessimistic and say CAKE falls but APY stays the same it can actually halve in value and you would be still up with your investment....
Thats a good amount to start with :D
I "only" have 3 cake, but its a start aswell ^^ :D
Yes but also this 3 Cake gonna be almost 7 in 365 days just allocate 10$ a month and buy more cake and stake it and you will see exponential growth within 3 years :)
No financial advice !!!!!!!!!!!!!!
Hahahaha. 7 in 365 perfect! :p
Ye I properly use do that :P
Those are some numbers that I can get onboard with. /with more kingdoms coming in the near future it could all become very lucrative for the people that get in early.
Even if we ride out a couple of bear markets over time the amounts will keep growing and cub will rise in price as more money comes into the kingdoms.
We can all become millionaires over the next ten years as long as we keep accumulating good tokens and the sector keeps maturing.
Posted Using LeoFinance Beta
111 cake staked thats quite amazing :D
It's a good place to start anyway. Three years in crypto allows you to stack a good few tokens from using hive and getting into good positions.
Hive is a real gateway to everything else.
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That have also become my goal.
Thats why I focus on passive income so much right now, so I can get some free cashflow, so I can buy Cub or Cake or other tokens aswell :D
Either we'll all become rich or at least we'll die trying! Been farming since day one and not thinking of stopping anytime soon.
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That's the attitude to have. Hustle or die.
We are all well positioned to do well over the next few years and hive has been a great starting point for all of this.
I have learned so much here and gotten the chance to get involved into such great projects all from my activity here. The next few years will be interesting.
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They're going to be life-changing! Thanks for reading, man!
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Still haven't joined kingdoms, but will do in a very short term!
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It's worth a look anyway. Everything so far points in the right direction and will hopefully grow all of our accounts.
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Weird that Cub makes me want to buy more cake. Anyway, with more kingdoms I reckon this means more buy backs and Cub pump in the near future.
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More kingdoms means more deposit fees and even more buybacks. Over time the price will balance out and start to rise as people hold on tighter to it.
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Staking your Cake in that pool is a no brainer compared Pancake swap! I did the same myself a few days ago!
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It has to be done. This is exactly what we need to build a future in crypto. All we are waiting for now is the rest of them to be released now so that we can make even more gains.
Waiting for the BNB and DOT kingdoms next hopefully.
Posted Using LeoFinance Beta
Higher returns the PanCakeSwap and you earn Cub too!
Yep Yep Yep !
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pretty solid investment!
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It's a good start anyway. Kingdoms are a great long term investment to make easy gains. No work needed other than to drop the tokens in and let them earn.
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Great article, but I am wondering if I can purchase the Cake on the website Defi?
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You can purchase it with another type of crypto. There is an exchange on the cubdefi site which will allow you to swap anything sitting on your metamask wallet to $cake and then you can stake it. You will need something to swap though.
At the current price is more than $5 a day, and of course the composition of the investment will make that number grow every day, I am following this strategy in CUB and very soon I will also join the kingdoms.
Posted Using LeoFinance Beta
Great Points!
This is a great Twitter Ad:
Do you like Cake? Do you like Moon Bags?
Stake Your PanCake Swap Cake on Cubfinance link www.cubdefi.com for a higher APR and an instant Moon Bag!
Stake Cake
Staking Cake there gives you the same APR as staking on PanCake Swap and in fact it is a cross project pool, so you are staking on PanCake Swap, but your earning the Cubfinance Defi Project Token Cub.
Moon Bag
Cub is 75 cents compared to it's $4 dollar high before the Bitcoin Crash, so it's an instant Moon Bag.
This is a no brainer since you get the same PanCake Swap security and same PanCake Swap Cake, but also a Moon Bag of Cub!
Need more info on Cubfinance DeFi?
Linkhttps://docs.cubdefi.com
Not a member of Hive Community? No problem! Learn more here: link https://leofinance.io/@shortsegments/a-perfect-time-to-join-hive-social-media-on-a-blockchains
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Upvoted, Shared, Tweeted and added #posh
This #posh
is the tag for OCD community to upvote tweeted posts from Hive!
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