Hello dear lionsden! This is the 3rd part of my series on how to maximize your LEO experience. In the previous posts we talked about how to make your blogposts good looking and also how to promote those posts on Leofinance and on other social media platforms.
Today we will have a look at all the things in the LEOverse that I have not talked about yet.
If you have not read the previous two parts you should defiantly check them out first.
How to maximize your LEO experience – a newbies guide to the LEOverse Part 1
How to maximize your LEO experience – a newbies guide to the LEOverse Part 2
How to maximize your LEO experience – a n00bs guide to the LEOverse Part 3
I will try to wrap everything I have missed in the previous guides into one post. Things we have not talked about yet will take us away from the HIVE blockchain and we will have a small excursion to the Matic, BSC, and Ethereum networks. We will check out the DEFI options which are tied to LEO finance through the Multi Token Bridge. We will talk about the lionsden (The leofinace discord server) where you can listen in on the weekly AMA and the new show format called: Crosschain Roundtable
We will also discuss options on what to do with your earnings on HIVE and LEOFINANCE. We will talk about further SEO optimization using the @leoglossary.
First of all I will start with the community hub:
leofinance discord server.
If you are not on there yet then follow this invite:
LeoFinance-Discord where a lot of things happen
Check it out yourself!
Read the intro by Khal and after that go check out the general chat channel and say hello!
The weekly WENSOON show also known as the Leofinance AMA is held in the voice channel of the discord server whilst being streamed onto various platforms.
You can ask questions in #leothreads by using the AMA tag. Of course there is a dedicated AMA chat channel where you also can post questions. Threads is just more fun for me :D
Also if you missed the AMA you should check @scaredycatguide 's Blog, he does an amazing job making a too long didn't listen version of the happenings. Read the latest one here:
The weekly WENSOON show Leofinance AMA 10-18-22
Everything important about leofinance is announced in the announcements channel. Make sure to check in there as often as you can. Engage with the content posted there and be a part of the community. This will give your Blog more exposure since you are actively commenting on posts that are viewed by a lot of others.
You can check the Leofinance post stream channel and look for the newest posts on Leofinance.io
Fun fact, when you post on leofinance, it will pop up in the post stream on the discord server. No need to share your link, its all automated! I actively click on the links in the post stream and read the articles I find interesting. Another reason why you should pay attention on what headlines you use in your blog posts.
There is a trader chat if you are into trading all sorts of crypto. Be careful and only use it as a source of inspiration! Do your own research.
You can indirectly of course share your posts and here is how:
Make a tweet about your Leofinance content and share the link to the tweet in the twitter-link-share channel. This way you are promoting not only your post on Leofinance but also your web2 tentacle account on twitter. More followers is always good!
I call it web2 tentacle because this is one powerful tool to drive outside traffic to your blog! New LEO and HIVE members can be onboarded from your tweets! It happens! And remember to add the hive tag to be eligible for poshtoken earnings as well!
The Cross Chain Roundtable
Also held in the discord server and on various other streaming platforms you can listen in to a 2 hour show where 3 Founders from other blockchains talk about their projects.
The ultimate goal would be to make a community page on leofinance for every major blockchain game, dapp, exchange etc. They could use these community pages for their announcements and would have an open environment to interact with their community.
Today we'll be hosting @adoptwombat and @gifdotgames on our new #LeoFinance Podcast: Chain Chatter
— LeoFinance (@FinanceLeo) October 20, 2022
We'll be hosting the pod live on Discord, Twitter Live, FB & YT Live @ 4PM EST
Join us to hear our convo about #Blockchain startups and ask us questions live! pic.twitter.com/rjS4vjYAoI
The latest Crosschain Talk is today and you can check out the announcement post here:
Cross-Chain Roundtable on Hive ft. Wombat and Tezotopia Founders
This broadens the space of LEOfinance and opens up the community to possible new members. New community pages will bring new readers to Leofinance and your target audience could grow or maybe even explode, depending on what kind of content you create.
I still don't know the Name by which it will go but there was some good suggestions by the community already. Lets see who is the winner later on.
Summary:
- Discord is a must for the full LEO experience
- There is much more (roles and priviliges to do certain things on Leofinance like accepting LEO tasks getting shoutouts etc.)
- Check it out yourself for above reasons (if you read this comment your favorite dish at the end of a meaningful comment!)
The LEO glossary – further SEO optimization
This is an ongoing project and a few very dedicated community members are putting a lot of work into it. Basically you can find any major crypto or finance related term and link to the leo glossary post about it.
Start in the LEO GLOSSARY MAIN MENU and find the term you are looking for!
Click on the term and it will lead you to another post. This is the post you can link in your text BODY. You can also use it for citation.
What is HIVE? Well you can find out by clicking on HIVE
Or you can quote from the original post:
Hive is a DPoS blockchain that acts as the backbone for a selection of tokenised communities and dApps.
A uniquely decentralised blockchain Hive is built on the Delegated Proof of Stake (DPoS) protocol ensuring it is fast and scalable.
Due to its unique distribution model, Hive has been battle tested against attacks and is a truly decentralised blockchain built for Web 3.0.
source: What is Hive crypto (HIVE)? - Hive Guide
Note you can always put sources in the end of your post as well. Important, if you did not write it: tell the source!
Why should you care about the leo glossary?
It helps a ton with SEO! Imagine thousands of posts always pointing to the same source. How many people will look for terms like: Peer to Peer or encryption or many other finance related terms.
More and more people will come to LEO because they found the description for one of the terms they are searching for.
For the @leoglossary team:
It could be helpful SEO wise if the questions would also be in the textbody:
What is HIVE?
What is finance?
What is peer to peer?
This might be helpful to get a few search engine hits from these direct questions.
Use the leo glossary as much as you can. I hope in one of the UI updates there will be a way to work with this menu in the editor. A button: add leo glossary link
This would give you a popup menu where you can look for the term you want to link.
Even better: scan for leo glossary terms and automatically link the corresponding glossary link. With options to only link each term once per post. Or you can switch it on and off for each different term as you please. (I have no clue how complicated this is to build, I just wish for this feature)
I got my payout in HBD HIVE and LEO now what?
DISCLAIMER in this post I will be talking about financial instruments that need your own thorough research! Non of the contents of this entire article should be taken as any form of financial advice. Do not consider any of the contents as an encouraging factor to trade with the mentioned assets. Always DYOR and never invest money you can not afford to lose. Crypto assets are high risk and volatile! Please trade responsibly!
Check your wallet on a regular basis! Check your transactions in the block explorer! If you see anything suspicious immediately change your keys. Investigate where it happened that your account got compromised. You need to act as fast as possible!
a good guide on how to change your keys and recovery account can be found HERE
Never sign any transaction without reading it, always verify you are on the right page! Never sign with your active keys unless you initiated the transaction! Never send your keys to anyone messaging you!
Ok enough of the drill.
Leofinance DEFI
Your have the ability to trade any NFT or Token on the HIVE blockchain and on its second layer the hive-engine.
There are so called DEXes (decentralized exchanges) where you can place buy and sell orders or swap tokens in a liquidity pool.
Leofinance has its own Dapp (decentralized application) called leodex. You can access it by clicking on the LEO Apps Menu
Click on LeoDex and you will be taken to the opening page which is always the LEO market. So if you have SWAP.HIVE (hive-engine version of hive) you can exchange that for LEO and you can sell your LEO for SWAP.HIVE
You can see there is a BUY and a SELL side where you can place orders. You can also decide that you don't want to wait for your order to get filled and buy LEO for the market price.
Below this you see the order book. Left the BUY side and right the SELL side.
All orders on the BUY side are other hive users wanting to buy for the specific price they ordered. On the sell side the same is happening but people want to sell LEO and are asking for a specific price. A market order would buy for the lowest possible price which is the first row on the right side. For this price you can buy 20.469 LEO and would pay 2.13318 SWAP.HIVE if you would place a market order that exceeds that amount you would pay a higher price and could get 70.132 more for a slightly higher price.
You can decide on your own if you want to BUY or SELL your tokens.
What I use LEODEX for is actually growing my account not focusing on fast profits. If you click on the Wallet on Leodex you will see all your HIVE engine tokens.
Some of these are stakable to earn your more curation rewards in the long term. By clicking on the lock symbol you can power up your hive engine tokens just as your LEO and HIVE.
You can also claim unclaimed rewards on the second layer. Click on the Rewards tab and claim them by clicking on claim all.
You can exchange every token that is listed on the DEX and research your tokens and projects by going to the tokens tab:
My personal input on trading on the exchange is this. In the beginning when you are new to the chain I would concentrate on building my HIVE and LEO power. You can Power up many other tribe tokens depending on what tags you use and what front end you create on.
Let's go to the next step which takes us to our HIVE wallet.
Your rewards for your posts will arrive here and there is several options you can use. As a new not so crypto savvy person I would suggest keeping things here for a while. You can put HBD into savings and earn 20% interest on it and you can power up your HIVE. This will make your account and vote value go up steadily as long as you create content and get rewarded for it. If you want to earn more than that 20% you can do so but this will take us off the HIVE blockchain and to the Binance Smart Chain.
If you click on the LEO Apps tab again you will find other apps. and we are going to
CUB Finance
This will not be a full guide on how to do things on cubdefi but I will list some basics what you will need to be able to interact with the smart contracts and DEFI farms.
You will need a wallet on the Binance Smart Chain. If you want to know how to set up your Metamask Wallet @libertycrypto27 wrote a guide that you can follow from STEP2 and you will have the means to interact on BSC: Tutorial
What is CUBFINANCE?
Please read the full documentation CUBDEFI DOCS this quote is from there
Operational since March 2021, CubFinance is a DeFi platform that operates the Multi-Token Bridge (MTB). The MTB allows derivative assets to be permissionlessly swapped across blockchains and pooled on BNB Smart Chain (BSC) to earn yield and trade assets.
Meaning you can wrap HIVE and HBD from the HIVE blockchain to the binance smart chain.
You can then provide liquidity and stake your LP position to earn yield in form of CUB
It is a lot of research that has to go into DEFI before you should participate. You can find out everything about CUBFINANCE in the CUBDEFI DOCS and the latest update about the
MULTI TOKEN BRIDGE PROTOCOL
which is the heart of the LEO DEFI space.
Read the post and read the docs!
multi-token-bridge how it works.
I am farming in several pools and the CUB I earn goes straight into the KINGDOM where you can stake your cub and they will be auto compounding twice a day.
These are my farms:
There is many good tutorials in the DOCS and you can find out how it works by doing your own research :D You should do that, before starting to shove tokens around.
Also you will need BNB the native token of the Binance Smart Chain for transaction fees. You don't really need a lot a few dollars should do to get you started.
You provide liquidity on pancakeswap and bring your LP tokens to CUBFINANCE to stake them in the farms. Always be cautious and doublecheck your transactions!
A similar project also done by the Leofinance team is Polycub
Polycub brings HIVE to the Matic network
Just as you can wrap your HBD and HIVE to the Binance Smart Chain you can do this with the Polygon Matic network as well. The model is slightly different but you can earn yield from farms. You can stake your yield to earn passive income on those.
Check it out yourself and read the DOCS
Centerpiece is again the Multi token Bridge that generates revenue for everyone owning a bit of the platform. Yes by holding the Governance token xPolycub (a staked version of POLYCUB) you can vote on changes to be made and yields to be assigned to certain farms.
How to do stuff over there?
You can find out in their tutorials in the docs! I am just showing you what you could do, DO YOUR OWN RESEARCH!
Polycub Docs READ!
SUMMARY
- the heart of the LEOfinance DEFI space is the MULTI TOKEN BRIDGE
- you can span into many other blockchains and trade assets not traded on the hive engine exchanges
- you can stake your HIVE and HBD liquidity to earn yield in form of CUB and POLYCUB
- Read the freaking docs!
I think this concludes my series but if I should have missed anything I will do a follow up on this post.
Make sure to follow me so you don't miss out on it. (I am pretty sure I forgot something)