Hey team,
The more content we have around today's new LeoFi announcement from the LeoFinance team, the better.
Make sure you're linking back to the announcement because every little bit of link juice we can pass back to the detailed, main announcement pages, the better.
So it seems we've put the announcement of announcements behind us and we FINALLY have something tangible to talk about when it comes to expanding the LeoFinance ecosystem.
Enter CubFinance!
Cub Finance
"CUB is a DeFi-based smart contract application on the Binance Smart Chain. We've adapted a collection of smart contracts and Binance protocols to build an entirely new application for the LeoFinance ecosystem.
This new application has in-built mechanisms that collect revenue and burn both CUB tokens and LEO (bLEO) tokens. It will also feature bLEO pooling and token lock mechanisms (as a replacement to the Geyser)."
Tomorrow a snapshot of staked LEO balances will be taken and CUB tokens airdropped as a result.
Having not yet taken the plunge into DeFi thanks to the complexities and costs of Ethereum, I'm taking this as an opportunity to at least dip my toes in.
While I'll always be primarily a content creator and curator on LeoFinance, the low fees on the Binance Smart Chain make this a good opportunity to both diversify and learn.
Binance certainly aren't our friends after they facilitated our old mate Justin Sun's transformation of the Steem Blockchain into his own personal database...
But also cheap fees haha.
Questions About Providing Liquidity
Just a few questions to finish things up.
What is a worthwhile amount of LEO (and therefore BSC, right?), to make it worth my while?. For arguments sake, I currently have around 700 liquid LEO.
Is it the USD values of LEO and offsetting BSC that have to match?
Either way, I'm looking forward to learning as I go.
DeFi baby!
Best of probabilities to you,
Dane.
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