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.
• Total in the Pool: 3899.75 CUB / 2555.14 BUSD
• Your amount of Cub equals your decimal equivalent of your stake times the total number of Cub is how much Cub is held in your name.
• The details of the airdrop from the Leofinance post are: POLYCUB will be airdropped to anyone staking CUB:
  The rough figures are at least 0.15+ POLYCUB per 1 CUB staked with snapshots taken daily for the 60 day period. For example, if you have 1,000 CUB in the Kingdom you'll get ~150 POLYCUB airdropped daily over 60 days to your Polygon address (~2.5 POLYCUB per day).
• So we have 3899.75 Cub, or 3.8995 x the above example
• 3.8995 x 2.5 = 9.74875 Cub per day will be airdropped to our Metamask wallet.
• the air drop lasts 60 day, so 9.74875 x 60 = 584.925 total Cub air dropped to the wallet over 60 days.
• 584.925- 10% = 526.4325
• You can determine how much PolyCub you will get by multiplying 526.4325 x you stake weight in the pool.
• I have calculated below how much total cub each of you should get at the end of sixty days:
• @joefinance 2350/18417 = 0.1276 x 526.4325 = 67.172787
  @mephistophenes 4000/18417 = 0.217 x 526.4325 = 114.235852
  @quinnertronics 525/18417 = 0.0285 x 526.4325 = 15.0033262
  @lalai 425/18417 = 0.0231 x 526.4325 = 12.1605908
  @shortshots 1900/18417 = 0.103 x 526.4325 = 54.22225475
  @spinvest 1000/18417 = 0.0543 x 526.4325 = 28.5852848
  @xabi 250/18417 = 0.01357 x 526.4325 = 7.14368224
  @smallbites 2040/18417 = 0.111 x 526.4325 = 58.434
  @marshmellowman 1000/18417 = 0.0543 x 526.4325 = 28.585284
  @rihc94 1327/18417 = 0.072 x 526.4325 = 37.90314
  @d-company 2000/18417 = 0.1086 x 526.4325 = 57.1705695
  @mistakili 100/18417 = 0.00543 x 526.4325 = 2.85852848
  @tandara 1500/18417 = 0.08145 x 526.4325 = 42.8779271

These numbers are subject to change, if the rules of the air drop change.

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.