I know for sure that I am one of the staunch believers in the CUB project, perhaps because the project is the brainchild of the LeoFinance team which has by now gained solid reputation because of the great job it did, and is still doing, with the LEO token. Consequently, I was one of the few persons who bought into the project as soon as it went live.
Honestly, it is weird saying this but it is what it is and I have to say it the way it is. My CUB tokens, as well as the ones I received from the airdrop, have largely remained idle in my Trust Wallet. I am not simply the kind of guy that has a flare for yield farming. Until very recently, I have simply been the kind of guy who just holds a token in anticipation of its eventual visit to the moon.
But lately, I realized that I’ve been missing out from the interesting world of yield faming and the benefits that come from it. Therefore, for the first time ever, I decided to stake a third of my CUB tokens on the CUB den. I staked a total of 42 CUB about 24 hours ago and now I have 0.2 CUB extra. Interesting right? Yes it is.
Since there is an option of compounding my earnings, I will be doing that each week. Why not everyday? It has to be weekly because there is a transaction cost of about $0.46 worth of BNB each time the smart contract is executed via my Trust Wallet.
From my estimation, it is very likely that I will be making slightly over 6 CUB tokens monthly which, for me, is a decent return on investment. In the coming week, as I continue to monitor the progress of my stake in the den, I most likely will stake all my other CUB tokens because I am currently seeing reasons why they should not remain idle in my wallet. I can only hope that decisions are wise and profitable in the long run.
Posted Using LeoFinance Beta
Wow this is really interesting. Can you show me how to participate in it too?
The page is cubdefi.com/
It will take you a day to understand all this. It will feel complicated in the beginning, and quite easy at the end.
Basically on this page you can exhange coins, and you can put coins into a 'den' and get daily percentage, or you can get pairs and put them in a 'farm' and get higher percentage.
Payout is the CUB token. I do trust it (it is made bei leofinance), but as always, investing is a risk. Maybe it suddenly disappears one day?
You will need to install Metamask, a wallet extension you need to hold your coins in to be able to interact with cubdefi. And you might have to add Binance Smart Chain as a network in Metamask.
You also need a bit of the BNB coin to pay for transactions in the Binance Smart Chain network (give me a shout if you are at that point).
And you need to connect Metamask with your leofinance (if you have leofinance page open and go to Metamask, you should see a connect button).
If you have that all, you can start like this:
You will need to have LEO. This you change ('wrap') into bLeo at https://wleo.io/bsc, the exact explanation you can find here: https://docs.cubdefi.com/tutorials/how-to-wrap-leo-into-bleo
With this bLeo you can now do different things. For example, you can go to 'Trade' - 'Exchange', on cubdefi.com, exchange you bLeo for CUB. The next step that is simple is to put the CUB in a Den. For this go to 'Dens', 'Unlock Wallet' and 'Approve Contract' (accept with Metamask). Then you click on '+' and choose the amount you want to stake. Done. You can unstake it anytime, and will see it in your Metemask wallet again.
From the moment you stake it, you will start earning. 'Harvest' means your earnings go to your Metamask wallet, 'Compund' means you add your profits to the Den.
So much for now, browse through the 'Docs' on cubdefi.com, read articles on leofinance and soon you will know your way around.
If I've forgotten something, or something just does not work, just write me a comment.
Posted Using LeoFinance Beta
This is such a great guide. Thanks for the efforts put into this. You're amazing and great. Cheers!
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you are wellcome!
Wow thank you
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That's nice. I am only in the liquidity pool for now. Whatever I farm I put back into the liquidity and keep compounding.
Posted Using LeoFinance Beta
I think that you're doing well bro. I might consider being in the liquidity pool too, perhaps very soon. Happy belated Easter celebration to you.
Posted Using LeoFinance Beta