EASYDEFI

A DeFi pool on Hive for the DeFi beginner.

This is a new project I am launching here on Hive, which allows you to participate in a high yield, yield farming project on Hive, utilizing the decentralized finance tools created by developers here on Hive. You can use your Hive to join the pool and earn the high yields you hear about in yield farming.

I have previously launched the No Loss Lottery @nolosslottery on Hive and it is a prize linked savings account, which rewards the lucky lottery winner with the weekly DeFi earnings of the pooled Leo from 982 lottery ticket holders. Building on that project I am launching another project to make the profits available on Cubfinance available to more people in the Hive Community. I am starting small, but will increase the size once I see how the actual mechanics play out.

I hope many of you will join me in this new venture.

Purpose: Provide easy access to safe DeFi project investments to the new cryptocurrency investor and the new DeFi investors.

As stated above the reason for this project is that DeFi is complicated, but investing in DeFi doesn’t have to be complicated. So with that in mind I launched this project. The purpose is to provide an easy way to invest in DeFi, to investors with little or no DeFi investing experience. The investor simply needs to send the investment capital to the investment account @easydefi via their Leofinance wallet. This creates a transparent record of the investment and the weekly earnings will be paid back to that wallet.

Once I complete the first phase I will move on to the second phase and accept investment capital from investors outside Hive. In that phase I will walk the client through the set-up to allow easy access to the financial tools of decentralized finance, to people with little or no previous experience with cryptocurrency or decentralized finance investments.

I am @shortsegments, the project founder, and I believe investors don’t need to know the mechanics and complexities of DeFi because it’s com-located and constantly changing. Investors should be able to just supply capitol, and understand that like all investments there is both a potential for good returns and significant losses. But that such losses should be minimized by the service provider, by project selection, asset pair selection, and monitoring account balances.

Background

I am @shortsegments and I believes that cryptocurrency mass adoption is being limited by the steep cryptocurrency learning curve. I also believe a similar steep learning curve is limiting investor access to decentralized finance projects. He believes that making DeFi investing as simple as sending your capitol and getting paid every week is one way to get more investors involved with Cubfinance, and by extension Hive and Leofinance.

This programs second phase will open to investors outside Hive the Community. The 2nd phase investors will be able to receive money directly into their bank accounts on a weekly basis. This will make defi investing as easy as investing in a stock mutual fund or buying an item on Amazon.

Understanding:

Decentralized Finance is risky. While this project shall use Cubfinance, an audited project, with a known developer and strong community support, there are no guarantees against loss. While there are always risks of loss of capital, this risk will be actively managed to minimize risk, but risk is never zero.

Initial Investment Groups:

The first round will allow two sets of investors’access:

Group A has a goal of twenty investor slots, each investing 250 Leo for each slot. Investors can purchase more than one slot by investing in multiples of 250 Leo, such as 500, 750, 1000, 1250, 1500, 1750 or 2000. Regardless of the number of investors, investors will always receive earnings in proportionate to their investment. For example, an investor whose investment represents 10% of the capital in the pooled investment funds will receive ten percent of the weekly earnings, minus a 10 percent management fee.

After the 20 slots in Group A fills up, subsequent investors will be added to the Group A or a second group A2 depending on the number of investors and the transparency of such action. I think simplicity helps with transparency.

Group B will probably be for investors outside the Hive Community. These investors will invest a minimum of $250.00 USD or approximately 1000 Leo. Group B investor will also have the opportunity to purchase more than one slot, in 1000 Leo increments.

To enroll in this pooled investment:

To take part in Easy DeFi, send 250 Leo to @easydefi with memo Group A or 250 Leo increments like 500 Leo, 750 Leo, 1000 Leo, 1250 Leo, etc... Thats it.

During Phase Two I will accept only 1000 Leo increments from investors from outside Hive and they will be initially investment Group B.

What you can expect

1. Weekly Report with ledger list of investors, total invested, total earnings and distribution of earnings.
2. There will be an initial report explaining the process by which the Leo is invested in the LP pools.
3. The weekly earnings will be transferred to the Leo wallet of each participant.
4. Each investor will receive 90% of the earnings generated by their 500 or 1000 Leo each week, and 10% will go to @shortsegments as fees.
5. Currently Cub-BUSD is the target investment with a 200% APR and the stable coin pairing reduces risk of impermanent loss by half.
6. All investments are expected to be for four weeks minimum.
7. Withdrawals before four weeks will be allowed for financial hardships, but the withdrawal of funds before Sunday will mean no earnings for the week. Paying prorated earnings is much to complicated, so please don’t ask.
8. All funds received on Sunday/Monday receive a full weeks earnings on the following Sunday.
9. Invested Funds received on after the cutoff will most likely not be invested, until the next Sunday/Monday cycle. And they will not receive earnings until the next week.

Phase two will be open to investors outside the Hive Community.

1. These investors will be enrolled via cryptocurrency wallets which will be connected to bank accounts created just for this investment.
2. There will be a minimum investment of 1000 Leo or $250 USD.
3. These funds will then be invested in the Cub-BUSD Farm.
4. Weekly earnings will be routed back through Dharma Wallet for now.

Future Roadmap

The plan roadmap includes subsequent options to invest in single asset farms like Ethereum and Bitcoin. These will have the advantage of no impermanent loss.

There are many more components to this program, but they are what I call unnecessary complexities for the investor, which only the service provider needs to understand. I hope you decide to join me in this financial enterprise to grow the total value locked in Cubfinance, which I think is a great DeFi project, with both short term and long term value and growth potential.

@shortsegments

Clarification 08/01/2021

EasyDEFi: buy yield farm profits as simply as you buy groceries.

Send 250 Leo or 225 Hive to @easydefi and in seven days you start sharing in the profits from the pooled Leo of other investors like yourself who haven't figured out how to invest in Cubfinance Yield Farms and Staking Pools yet, but who don't want to miss out on the profits.

Cubfinance

The EasyDefi Pool @easydefi allows you to earn rewards from the a high APR yield Farm Cubfinance, which was created by developers on Hive: @khaleelkazi . The yield farming project is called Cubfinance, and it is 5 months old and has 4.6 million plus USD invested in the pools and farms. You can send Leo or Hive to @easydefi to join the pool and earn Cub, then receive weekly payments back to your wallet on Hive.

It’s easy to enroll

To enroll in this pooled investment:
Monday-Sunday rule:
#Monday
You send 250 Leo to @easydefi with memo Group A or 250 Leo increments like 500 Leo, 750 Leo, 1000 Leo, 1250 Leo, etc... Thats it.
Investments received after Monday are invested the following Monday.
#Sunday
Pool investment earnings are paid out 7 days later on Sunday.

Management Fee

EasyDefi takes a 10% management fee, which will be reduced to 5% when the pool reaches 10,000 Leo.

Monday-Sunday Rule

New investments are put in the pool Monday, and everyone in the pool by Tuesday morning gets paid on Sunday. This is to be fair to everyone, so no one gets paid for pool earnings for days they weren’t in the pool.

EasyDeFi

It’s that easy, get started today!

@shortsegments