Polygon Airdrop

Leofinance creator @khaleelkazi announced details of Leofinance Yield Farm on Polygon.

• Some of you read this post or heard about the airdrop during the AMA.
• Ifyou want the details, Read it Here
  

First

• I am writing this short post to let you know that I will distribute the airdropped Polygon Cub to EasyDeFi investors according to your stake.
• So you each will get your Cub Polygon Airdrop.

Second;The details of how much Cub you have.

• Your Leo was traded for Cub and BUSD, and deposited in the Cub-BUSD Liquidity Poolin equal dollar amounts.
• ‘So for each investor; one half of your Leo was spent for Cub, and one half spent for BUSD. - So that’s roughly how much Cub each of you has in the Pool.

Third, it’s Polygon Cub

• So it won’t be airdropped to Hive wallets or Binance wallets, it will be airdropped to Polygon wallets, in Metamask.

Fourth, details about wallets

• I will create a Polygon instance for the EasyDeFi Metamask wallet.

Fifth, it’s a Polygon Token.

• It is important to realize that Cub is a Binance Smart Chain specific token, while Polygon Cub is a Polygon Specific Token.
• I can’t send a Polygon token to your Hive wallet.

Sixth, there are a number of options:

One: Sell the airdrop.

• If the group wants to sell the drop, I can find a bridge and move it from Polygon to Binance.
• Then through a series of trades, I can convert it to Leo and deposit it into your Leofinance wallet.
• There will be loss of value moving it cross Blockchains, I will research how much.

Two: Recreate the EasyDeFi pool on Polygon and withdrawal earnings weekly

• I can recreate the pool on the Polygon side.
• However only half your position on the Binance Cubfinance is Cub, the other half is BUSD.
• So you start with 1/2 as much capitol, and so your yields would be 1/2 what they are now, or less depending on what the APR is in the new project.
• Withdrawal earnings weekly, but you must understand that the Polygon Cub project penalizes weekly withdraws with a 50% penalty during what’s called the Lock up Period.
  So you lose one half your earnings.

Recreate the EasyDeFi pool on Polygon side and leave earnings along until Penalty period for withdrawals ends.

• The pool could wait for first non-penalized withdrawal opportunity, withdrawal the earnings, move it across bridge, trade it for Leo and distribute profits.
• This could prove to be a winner, if the project is very successful. Or this could be a bad choice, it the token price drops during the holding period.

There may be other choices, in time.

• I will study the logistics and expense of each choice, and we can discus this more.
• So let me know in the comments, what you want to do.
• I will study the logistics and expense of each choice, and we can discus this more.

The end…for now.