A multi-chain decentralized finance (DeFi) project built with the intention of achieving long term sustainability while providing stakeholders with assets that could appreciate in value over time. In addition, income streams are generated by staking tokens in different ways which generates a strong APR.
There are many layers to the project with more being added on a regular basis.
InLeo.io
The flagship of the entire project is InLeo.io, which is the social media application. This is a long form blogging platform designed in the style of Seeking Alpha. However, this is a Web 3.0 application, being built on the Hive blockchain.
Users can earn tokens and coins for their activity. All articles posted as eligible for author rewards. This can come in the form of the blockchain's native coin ($HIVE) along with the LEO token.
Leofinance uses Hive's Proof-of-Brain mechanism. This provides both content creators and curators with the ability to participate in the ranking of on-chain content.
Curation is done by the community, each with voting power based upon how many coins and tokens are staked. As one's staking amount grows, so does their ability to direct rewards.
All voting is done over a 7 day voting window. After the period is complete, rewards are distributed to the wallets of all involved in the process. The author gets his or her rewards while each curator gets paid for the upvotes given.
The calculation and distribution of the rewards are done by the network. This automates the transaction process.
Leofinance can be thought as a tokenized, permissionless Seeking Alpha.
Hive is a decentralized database. In true Web 3.0 fashion, all data posted to Leofinance is written to the blockchain. This makes people's content immutable. Couple this with full account ownership and it is easy to see the appeal to content creators.
LeoThreads
This is a recent addition under the Leofinance umbrella. This is bringing microblogging to the Hive ecosystem. It is part of the Leofinance site although any application on Hive can incorporate it.
The idea of LeoThreads is to develop "Twitter on the Blockchain". By using a decentralized, immutable database with account ownership, one cannot have his or her data removed. This is not the case with Web 2.0 platforms such as Twitter.
A new Leofinance.io User Interface (UI) is being developed that will put LeoThreads at the forefront. This is expected to be released in Alpha by the end of 2022.
PolyCub
A staking platform that provides users with the opportunity to earn yield by from the application built on the Polygon network. This is under the heading of decentralized finance (DeFi) which is tied to blockchains.
Polycub was built with the intent for sustainability. The idea is to focus upon features that generate cash flow as part of the transition to Web 3.0.
The design is for revenue generation through the utility of application while simultaneously using a scarcity model on the main token, $POLYCUB. This is tied to a governance system which allows the HODLers to direct where the yield of the platform is directed.
There are two main ways to farm:
- Farms
- Kingdoms
A key factor is the Protocol Owned Liquidity (Treasury) which generates revenue to provide returns to users and fulfill the APRs, as directed by governance.
LeoBridge is one of the features that feeds revenues into the Treasury. Others include arbitrage, bonding, and lending.
All of this is meant to generate buy side pressure on POLYCUB as the deflationary nature of that token takes over due to the halving process tied to the emission rate.
Cubfinance
A farming platform built on the Binance Smart Chain (BSC) that is part of the Leofinance umbrella of cryptocurrency and Web 3.0 applications.
The native token for the platform is $CUB. There is also a wrapped version of LEO, known as bLEO, that is part of the liquidity pools contained in the Cubfinance farms. One of the main goals was to enable users more access to the LEO token through greater liquidity.
Part of the long term focus of the application is to move to cross-platform interoperability. This comes through the Kingdoms, which allow farmers to utilize auto-compounding vaults. Here they stake their tokens or coins, earn $CUB, and enjoy a LP position in a smart contract. The contract farms off platform opportunities earning those tokens which is used to buy the native assets.
The evolution of Cubfinance is going to come from the features added to the Polycub application. The world of DeFi is changing rather rapidly and Leofinance is helping to usher this in.
What is developed on Polycub will be rolled out onto the Cubfinance platform.
Hence we will see:
There will also be an expansion in these areas:
- Farms
- Kingdoms
Cubfinance is seeking to be part of the emerging DeFi 2.0 transition.
In August 2022, due to the revenues) generated from the Multi-Token Bridge (MTB), CUB was bought on the open market and burned. This is working to reduce the circulating supply of CUB. The goal is to have the revenue stream generate enough each month to offset the inflation of the CUB. This effectively would make it deflationary.
The revenues generated from bridge fees are serving as a model that possibly will be incorporated into Polycub. If this is successful turning CUB into deflationary token, this could be duplicated.
Hivestats
A website that allows Hive users to monitor and track their activity on the blockchain. This also contains vital information pertaining to their account.
Some of the data available:
- account earning history
- layer 2 assets
- wallet holdings
- voting power
- curation reward APR
Over time the intention is to add more analytics features so that users can better understand the impact of different activities on their account.
LeoDex
A decentralized finance (DeFi) exchange tied to Hive-Engine which is a sidechain of Hive.
This allows for the swapping of Layer 2 tokens with each other.
Other Leofinance Content: