0% Deposit Fee Day is Live for the Next 24 Hours! | Farming, Dens and Composable Contract Updates

in LeoFinancelast month

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As discussed over the past several days, we made some key changes to the farming dynamics on Cub. These changes cut back on the Farm/Den offerings available currently on the site.

Many of these changes were made with two goals in mind:

  • Increase the multipliers on CUB-BUSD, CUB-BNB and CUB
  • Make room for Cub Kingdoms which launch in ~1 week

Kingdoms will bring composable DeFi contracts into the Cub Finance platform. Alongside LeoBridge, these two developments will set Cub far apart from all other platforms of its kind. We've yet to see any other platform integrate the 3 core features of "standard" farming, composable autocompounding and a seamless cross-blockchain swap contract.

Needless to say, in the next two weeks CUB will be unrecognizable relative to the platform you see today. We cut down on the options today to make room for these incredibly versatile and value-add contracts that we're bringing into the platform which will also drive continual management fees back to the CUB treasury.

0% Deposit Fee Day!

CUB-BUSD, CUB-BNB and CUB always have 0% deposit fees but for the next 24 hours, all farms and dens have 0% deposit fees as well.

We implemented this to smooth the transition out of inactivated Farms/Dens and back into activated farms and dens. We'll likely leave this window open for about 24-28 hours to give everyone the chance to reorganize liquidity without paying additional fees.

After the 24 hour window, we'll reintroduce the deposit fee on everything except for CUB related farms/dens. We may reduce the deposit fee from 4 to 2% (also in preparation for Kingdoms and due to the changing market landscape). More details on this soon ™️

CUB-BUSD, CUB-BNB and CUB Incrased APRs

We increased the APRs on CUB-BUSD, CUB-BNB and CUB by redirecting the multipliers from inactive dens to the 3 core vaults.

When Kingdoms are released, there will be another small reorganization - but remember, Kingdoms are composable contracts. They pool liquidity on other platforms to utilize the farming APY from those platforms. Then the Kingdom contract stacks a small multiplier on top of that to create a stacked APY.

A good example of this in action is the Autofarm platform on BSC.

Edit: 0% deposit fee is likely to drive us to ATHs in Total Value Locked. A lot of BSC capital will flow in during this time knowing they have an opportunity to enter with no fees. TVL is already up $1m since the 0% depo fee went live about 30 minutes ago.

 

 

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I think that it is really great that folks do not need to pay fees to move around their $CUB for 24 hours. Won't find many other yield farming outfits doing the like.

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My most dens cake, busd, dai hot removed. Nothing left to do. Patiently waiting for kingdoms to see how it will be but really it is heartbreaking

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I'll see the TVL reaching pluto.

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Any plans to activate inactive dens like BUSD and USDT etc???

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I don't think there is plan for that

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Perfect and can be more perfect by changing

CUB-BUSD, CUB-BNB and CUB Incrased to increased

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that 50x yassssss

DEX will dominate the market !! very cool!!

GREAT UNISWAP V3 ANNOUNCEMENT !! REVOLUTION IS COMING !!
https://leofinance.io/@biginvestor/great-uniswap-v3-announcement-revolution-is-coming

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Time to make some use of those 0% fees then I guess!

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well, actually I ended up just using the CUB-BUSD farm, but hey! Its my very first foray in to the farms side of things so thanks for the inspiration : )
I will always love my Cubs in the Den, its just so much more natural and free-range! I cant help but feel like with a 590% APR I must be battery farming those poor little lion babys....

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Woo hoo.... awesome. Now I just need more fiat and BNB to buy more Cub.

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Great news in favour of the investors and seeing such incentives simply motivates to put some more stake into the game. Nice roadmap ahead, can barely wait to see how that unveils.

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I think the simplifying of options is fantastic!

But I'm pretty biased because the increased APR in the farms and dens I'm in LOL

Seriously though, the less choices, I think helps people learn things more....Especially defi. With all those farms and dens, it was a lot of confusion. This is an awesome move to keep things simpler to understand.

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It is nice to see TVL is above 13 million and continuously rising.

I am wondering, how many people have swapped their tokens from the suspended farms/dens with CUB/bLEO and staked them for continuously earning CUB.

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Nice. Use this opportunity to add more fund to the farms and the den.

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Is there any way you currently know of to move BNB (native tokens on Kucoin) to BSC? without using binance? (someone needs to make a simple swap)

I know I could use the steps of the bridge, but I'm not excited to pay ETH fees to move it.

Any thoughts or suggestions?

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This deserves a twitter share frenzy!

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These changes look like they will help Cub increase in price, and the new DeFi Cub Kingdom sounds very good too.

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Okay, just restaked my Funds on CUB according to the new options. Used a bit of my $USDT (the Den is finished) to swap it to $BUSD. Then provided it as a $CUB/$BUSD Pair with the $CUBs I have minted so far. The rest of my $USDT stack was halved (swap) with $BUSD to also provide Liquidity to the $USDT/$BUSD Farm so all my Funds on CUB DeFi are newly well organized to do what they best can - farming more $CUB for the $CUB Den. All together they now farm around 25 $CUB a day - even more than I was making before the Farm/Den Update.

Damn, I love organizing things that „produce“ money - I would really call it a Hobby for me!
💎🐾

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Great changes, and not only because of the increased ROI in 3 versus 4 pools where I provide liquidity. Duuumayu These changes will encourage you to keep your CUB tighter in your portfolios.

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Hi, I have got problems with my posts. I don´t see them in my blog and in the Latest articles. Why I have this problem? Where I can contact with support?

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increase the fee 0.1% and send it to an experimental ad system to buy YT and twitter and IG ads and see if it works, if price doenst go up from new investors, turn it back down but itd be cool to see!

should pay people liek task token to retweet stuff and share on twitter

twitter has to be centralized for ads to work lol think about it

youd think twitter stock would be like twitter stake power lol thats inevitable

these guys are trying every other system and will LAND on DPOS steem hive hahah JUST WATCH Justin Sun and Jack Dorsey do some shitty deal lol

i think if cub was a person i would do it doggy

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