This period LeoFinance is marking several epochs in terms of value creation and accrual models. All of these came into limelight in April when there was a paradigm shift in PolyCUB goal from V1 (interest on management fees) to a better V2 vaults that grants the entire Web 3 ecosystem optimum yield in all ramifications.
This ideas would've not come of there was no changes in the interest on-chain HBD savings from the previous 12% to 20% APR. This inturn saw the need to create a bridge between us and other blockchains. The LeoFinance team navigate to provide liquidity for HBD on the polygon network leading to the launching of the first V2 vault PolyCUB HBD (pHBD).
The launching of pHBD is and still remains the best thing that have happened to the Lions and the entire hive blockchain, because of the values created by the project. For instance, the interest on HBD savings on-chain is 20% APR, while pHBD offers the entire hive blockchain about 40% APR and 3-10% APY. The difference is clear, this is in addition to other fantastic rewards on pHBD.
The launching of the remaining PolyCUB V2 vaults, saw more value accrual channels created for PolyCUB and the hive blockchain. We all know that pHIVE and pSPS are all products of the hive blockchain and so the values created goes directly to blockchain.
It should be noted that, as at today there are 14 new channels of value accrual for PolyCUB V2 vaults. What an amazing way to earn rewards in this season of ups and downs in the cryptoglobal.
For PolyCUB and it's holders, V2 vaults offers, .25% on PolyCUB owned liquidity (Pol) as well as $0.1 wrapping and unwrapping fees for each of the V2 vaults as well as PolyCUB governance, which is the most unique part of the V2 vaults.
PolyCUB governance helps PolyCUB holders to vote the areas rewards should go to and creates an avenue for inter-community war on whom will stake the highest xPolyCub. Remember that the highest vote wins the race.
The current announcement on the weekly AMA on the launching of the LeoLegends on the sooniverse is a welcomed development because one of the trending events on the cryptoglobal is the inclusion of Play2Earn games and NFTs into every blockchain.
Quite alright there's NFT provisions on the Hive blockchain, but introducing NFTs into the LeoFinance ecosystem means that LeoFinance is creating a new phase for Web 3 platforms to follow.
What's LeoLegends and How Does it work?
LeoLegend is actually LeoFinance NFT project on the LeoFinance ecosystem.
According to @khaleelkazi:
LeoLegends is designed to be synergistic with hodling LEO. It's our very own Play-to-Earn Game. Everyone will start out with a basic lion cub NFT. The first iteration will include features where you can upgrade that Cub into a more mature Lion overtime. Upgrades will include traits like eye color, fur color, ears, teeth, tattoos, and many more accessories.Source
Using Cub as a means of designing NFT means a lot to the LeoFinance ecosystem, because it'll also bring value to the Cub Finance. Although the end product of the LeoLegends is to produce Play2Earn games that originates from the Lions.
This will take the ecosystem to the next phase of her goal.
Are you a legend, join the LeoLegends NFTs and Play2Earn games and add values to your life.