New LeoFi Products, Snapshot Announcement, CUB Tokens and BEP20 LEO

in LeoFinance2 months ago

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The time has finally come.. well a time has finally come. As many of you know, multiple branches of the LeoFinance project are currently being built out simultaneously. Lightning was one of our latest releases which introduced a specialized backend to create a better user experience on the LeoFinance frontend while positioning our UI to handle more cross-blockchain operations.

LeoFi and ProjectBlank are two other major branches of the project that have been getting a lot of dev attention in recent weeks. LeoFi has 3 major products being released in Q1 2021. Today, we'll announce future announcements about these 3 products and also announce a snapshot which will be taken 24 hours from when this post is published.

The DeFi industry is just getting started. Some people don't yet understand what is happening in the space but many others have realized that the products being built in DeFi are here to stay. LeoFi positions LeoFinance to capture a greater awareness both from a capital point of view and in terms of onboarding new users.

Throughout 2021, you'll find us focusing heavily on the DeFi space. Building and modifying smart contracts to serve our existing user base and simultaneously attract a wider crypto audience to our flagship application - https://leofinance.io - and the other apps that we build on various blockchains like Ethereum and the Binance Smart Chain (BSC).

New LeoFi Products

The purpose of this post is not to announce/discuss these products in detail. This post will focus more on how we're preparing for the launch of the first two products that are rolling out over the coming 2-3 days and the snapshot that will occur in 24 hours.

  • bLEO
  • CUB
  • LeoFi Dashboard

bLEO represents BEP20 LEO - a wrapped version of the LEO token on the Binance Smart Chain. The contract has been deployed and bLEO will be launched alongside LeoFi product #2.

A few LeoFinance detectives already snooped around and discovered the reservation of a new token on Hive-Engine: CUB.

Without giving away any real details about CUB, this is what the snapshot and subsequent airdrop in 24 hours is for. CUB will have something we're calling a "hybrid claimdrop".

The CUB token has some unique features and is not actually a Hive-based token. The airdrop on Hive is merely to distribute it to existing LEO POWER hodlers and WLEO LPs.

This token will be utilized for one of our largest project launches yet. Later this week, we'll throw a live launch party roundtable for bLEO and Project Cub. Stay tuned.

Hybrid Claimdrop, Snapshot and All of the Tokens

The airdrop we're doing for CUB is one for the history books. If you want to throw a fancy name on it, it's called a hybrid cross-chain claimdrop.

What this means is that a snapshot is taken of Ethereum-based WLEO-ETH Liquidity Providers on our Uniswap pair and LEO POWER hodlers (anyone holding LEO staked on the Hive blockchain).

Based on the amount of LEO staked or WLEO pooled on Uniswap, users will receive CUB tokens on Hive-Engine.

These CUB tokens merely represent a "coupon" or a claim on CUB tokens on the Binance Smart Chain (BSC). Almost like a temporary reverse wrapped token.

CUB does not really exist on Hive. It is entirely based on the Binance Smart Chain. We're using Hive as the distribution method both because LEO primarily exists on Hive and because Hive has the amazing functionality of fast and free transctions. There are over 2000 accounts hodling LEO.

Why Airdrop?

Normally, DeFi projects run a presale to sell an initial supply of their token in order to raise funding and get their product off the ground.

LeoFinance is a two year old project. We've been building in the blockchain space throughout the past two years and most importantly: we've been building community for these past two years.

Rather than hitting you with some random presale of a token, we're airdropping CUB for initial distribution, encouraging our users to try the new application and because... LEO 🦁

LEO lies at the center of our entire project. When we launch new applications - #ProjectBlank, #CubFinance, etc. - we want them to tie directly into the LEO token economy and our amazing community. How exactly we tie it in will become abundantly clear when Cub launches and when ProjectBlank launches - which are two very different platforms but have the same mission: expand the LeoFinance economy and userbase.

How Many CUB Will You Receive?

There is a pool of CUB tokens set aside for WLEO LPs and another pool of CUB tokens for LEO POWER hodlers. These two pools will be distributed evenly based on how much LEO POWER you have staked OR how much WLEO you have pooled on Uniswap

Note: LEO must be staked when the snapshot occurs. WLEO must have been LPd at least 1 week prior to the snapshot (this date has already passed, so you can't add liquidity and remove it 36 hours from now and get the airdrop for being an LP).

What is CUB?

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The details of what exactly CUB is will be announced at a later announcement date. We merely wanted to announce that we'll be announcing this later at that announcement party.

In all seriousness, 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).

The WLEO Geyser is still in place and will not be impacted by bLEO. Instead, we've created an entirely new system to handle bLEO. We view the WLEO-ETH pool as a stable and reliable yield-based pooling mechanism. The Geyser has relatively predictable returns and bLEO will likely have relatively unpredictable returns - although the APY is likely to be much higher (and more volatile). More details soon™️

Binance Smart Chain is a fork of the Ethereum blockchain and features fast and nearly fee-less transactions. With these features come a few tradeoffs, but BSC opens us up to a much wider audience and allows our existing Hive userbase to dip their toes in DeFi without paying $60 fees on the ETH network.

This project is the stepping off point to the release of a wide range of DeFi smart contracts that directly incorporate bLEO, wLEO and the entire LEO token economy.

On CUB's launch day, we'll release a separate docs/whitepaper outlining our vision for this application, LeoFi and how we'll continue to buidl in the DeFi space. This first application is built to serve both bLEO, the existing LeoFinance community and attract Binance-based DeFi users to LeoFinance and our suite of applications.

The Liquidity Dilemma

A few teasers about this project have already gone out on Twitter and Discord which have caused a dilemma. With the details above, I think it's much easier to see the dilemma here:

Staking LEO (or LPing in WLEO-ETH) will mean that you participate in the snapshot tomorrow.

With that said, bLEO and CUB are about to launch and having liquid tokens available is going to be important for participating in the launch of those tokens on Binance Smart Chain.

Knowing some of the details behind the hybrid claimdrop and what the new launch will entail, hopefully you'll have some sort of sense of what to do here for your personal preference. Some people may want to participate more heavily in the DeFi product we launch later this week and the future contracts we add to that application and others may want to just stake their LEOs and keep on curating.

A healthy mix of both is typically where I end up, but this is going to rely more so on personal preference than anything else. Some people have already realized that staking all their liquid LEO and buying up the liquidity remaining on the LeoDex and on Uniswap is a good strategy.

When bLEO launches alongside our new collection of smart contracts, we expect a mad dash for liquidity on BSC.

The CUB snapshot will occur at 9 AM CST on March 3rd, 2021

LEO POWER and WLEO LP balances will count toward this snapshot. After the snapshot occurs, CUB tokens will start to be airdropped to your Hive wallets. A post will drop right before the airdrop starts which will explain how exactly to utilize CUB to claim the drop on the Binance Smart Chain.

Since LEO balances are on Hive and wLEO balances are on Ethereum, we had to get pretty creative to do this airdrop. Coming up with this idea for a cross-blockchain hybrid claimdrop was pretty fun and it will be interesting to see how it plays out tomorrow and the days that follow.

 

 

LeoFinance is a blockchain-based social media platform for Crypto & Finance content creators. Our tokenized app allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

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PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT

Posted Using LeoFinance Beta

I have stopped being able to understand any of this stuff, years ago. To me, all these posts are the same. "New stuff! Weird lingo! Opportunities to profit and grow! You're missing out!" On and on, and on. Meanwhile, as far as my experience goes, this is just a blog site with a points reward system that supposedly can be redeemed for real-world items. All theoretical, from my perspective. Crypto is nothing more than videogame gold coins for me, thus far. Posts like this, meant for coders and techies, go over the head of simple content-creators like me. I read it twice, and still got nothing out of it, other than some sort of advanced way to profit off digital nothingness has been developed, and everybody is piling in. Yaaaaay! Too bad most of us laypeople have no idea what any of it means. I feel these financial opportunities drain away funds and momentum from the rest of the blockchain, you know, the blogs, the wallets, the comments. Manpower and resources are flowing into these moneymaking opportunities, which are available only to the select few insiders and comp science grads. Everybody else is paying for their gains, as payouts and interest drains away from the core of the blockchain which has always been the content-creators. So we get $100+ posts filling trending, all of them about these incredible opportunities, while posts about pretty much ANYTHING else are absent from the front page. This feels neither healthy nor sustainable.

And yeah, PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT PUMP IT

Completely agree with your sentiments Drutter.

Posted Using LeoFinance Beta

Maybe give it a 3rd try when you aren't stoned?

Posted Using LeoFinance Beta

Heheh. Been years since I got stoned, though.

long story short if you want free tokens due to the time of the snapshot (the thing that determines if you get the CUB token or not) you need to power up LEO and hold it in there (and it needs to be in there in the next 18mins as im typing this).

Posted Using LeoFinance Beta

I've had 300 staked for a while, so I guess I'll get some CUB. Will that be in steem-engine? And will there be a secondary market for them? I don't know if I will be using them for anything, since that appears to require BSC, which I have yet to even learn about. I'm having trouble keeping up with everything happening in this space, while also (theoretically) earning through content-creation.

yes, they should be popping up in the HIVE engine, there will be a post announcing it. and theres lots of things you can plan to do, but i wouldnt be the 1st to sell and i wouldnt sell all of them if you decided to ditch a few for some LEO or HIVE now. more instructions on BSC integration for the usage of CUB will come out soon (as well as rewards probably) so just take your time.

This is my understanding of how the wrapping of coins go with both the Ethereum (ETH) coin and the Binance (BNB) coin.

When you pair (provide even amounts of LEO and another coin i.e., $BNB or $ETH) your liquid LEO token with ETH, BNB, or both; the price of the LEO token is tied to the price of ETH or BNB.

Example:

You would need 2183.24 wleo for each ETH you would want to invest in the pool on Uniswap (current prices, changes a lot). This is called providing liquidity.

With the new bLEO (pairing LEO with the Binance coin (BNB) on the Binance smart chain, you will be able to start with much less. Better for small investors at least for right now. Gas prices are not as steep as Ethereum and BNB is a little over $220 per coin. They must be doing something right. The 24-hour volume is at $5,588,118,341.25 USD as reported by coinmarketcap.com.

Oversimplification, but how I understand it. Maybe someone could give a shorter more easier explanation.

Posted Using LeoFinance Beta

hahahahahahahaaaaa

5uscommemorativegoldcoinsbuproofdelivered4 2.jpg

5uscommemorativegoldcoinsbuproofdelivered2 2.jpg

If it displays, REAL GOLD I bought with my SPI cash out.
SPI is a hive investment token... IT's REAL
and U can buy REAL STUFF with it. Not a Theory!

Posted Using LeoFinance Beta

Not sure what you mean. And I can't see those images for some reason.

Very interesting, and it will give me the push to pull my finger out and learn how to interact with liquidity pools on BSC.

BSC opens us up to a much wider audience and allows our existing Hive userbase to dip their toes in DeFi without paying $60 fees on the ETH network.

Music to my ears as those crazy gas fees have been the only thing keeping me from exploring staking liquidity with Defi. With CUB airdrop/claimdrop I can dip my toes without watching $60 ETH go up in smoke ;-)

Posted Using LeoFinance Beta

BSC is not that cheap, but it really depends on how much you will use it.

Posted Using LeoFinance Beta

Fees are fees though.

Posted Using LeoFinance Beta

Tbh, my concern was $60 gas fees... BSC fees of less than $0.50 fulfil my criteria of being able to try to learn Defi Liquidity pools without spending silly money for the privilege. Might move onto ETH based pools once I am confident in the whole process, but less risk to use the more centralized BSC at the beginning 😉

BSC is great for learning, that's true!

Posted Using LeoFinance Beta

Sounds good 🙂

Yes, it's cheap because you pay around $ 0.25. On Pancakeswap, for example, you pay for every action you do, such as the Harvest function for example

Posted Using LeoFinance Beta

Good to know. Thanks for the heads up 🙂

Is CUB gonna be like a governance token like the uniswap token?

Posted Using LeoFinance Beta

At first, it will be utilized as a vault token. Long-run, yes we'll add governance contracts and even new contracts akin to YFI vaults and other projects like Curve.

Cub Finance is a new platform for us to adopt and modify existing smart contract ecosystems

Posted Using LeoFinance Beta

@khaleelkazi It sounds to me that we need claim our cub on BSC, but to utilize the token, do we need to participate and be an LP?

Posted Using LeoFinance Beta

Good stuff. Glad to see progress is being made.

Obviously, we will have two snapshots, one for CUB and another for BLANK since they are different projects operating on different time frames?

Posted Using LeoFinance Beta

Great notice, great question.

no where is it said but could it be that blank will be distributed to people that claimed cub?

half of this is over my head :)

Edit:

I think Khal just said on discord it is different airdrop for blank

Posted Using LeoFinance Beta

Different airdrop but it can use the same snapshot. I guess we'd better wait till Khal tells us exactly.

Later Edit, he already did :)

Posted Using LeoFinance Beta

Yes, CUB and BLANK are two separate snapshots and airdrops for two very different applications.

The development timeline flip flopped. Expected CUB to be much later than Blank but life is funny that way

Posted Using LeoFinance Beta

Exciting stuff. Now I really must start learning abut Binance Smart Chain

Posted using Dapplr

It's happening!!

Posted Using LeoFinance Beta

FINALLY

Posted Using LeoFinance Beta

Looking forward to learn more about CUB!

Posted Using LeoFinance Beta

In case you missed it:

If you buy LEO and stake it before the snapshot is done tomorrow, you will get more CUB airdropped!

Ooooh, lots of free CUB!
But..... what's CUB, and what can we do with it?

When people see a project that won't rug, they go crazy, especially if it's on BSC. Can't be more excited about what is to come!

Posted Using LeoFinance Beta

I resisted at first but capitulation felt good.

I've been leveraging some BSC apps for a few weeks now and it's hard to use ETH apps knowing that I could be paying $0.15 instead of $50 for TXs.

Posted Using LeoFinance Beta

That's great, but what about the free transactions on HIVE?

Posted Using LeoFinance Beta

I totally understand, I just wish they would let me use MetaMask for the DEX... Oh well. I'll figure it out.

Posted Using LeoFinance Beta

You can use Metamask without any problems, you just need to select the Binance Smart Chain before the transaction

Posted Using LeoFinance Beta

I just sent a tiny amount of BNB to my wallet on MetaMask (Smart Chain) to see if it shows up on the dex. It's confusing because it says 'Unlock Wallet" in the top, which made me think that I had to use one of the ones it has listed.
image.png

Posted Using LeoFinance Beta

Didn't work. lol It's in my account but the balance doesn't show up on the DEX.

Posted Using LeoFinance Beta

With that said, bLEO and CUB are about to launch and having liquid tokens available is going to be important for participating in the launch of those tokens on Binance Smart Chain.

Can you shed some more light unto this, please?

Which liquid tokens exactly should one have? Why is this important? What happens if one does not have any of these liquid tokens?

Posted Using LeoFinance Beta

What happens if I don't have liquid LEO when bLEO and CUB are launched and when I have CUB tokens credited to my account on Hive-Engine?

You won't be able to provide liquidity early on BSC as the pool will be set soon.That's if you're interested in providing liquidity at all

Posted Using LeoFinance Beta

Thanks a lot! That clears up the whole issue.

Posted Using LeoFinance Beta

Details are coming soon

Posted Using LeoFinance Beta

I'm still confused. I thought I'd got it sorted. I'm not ready to get involved in DeFi at this point so as I was reading through the post I thought I'll just stake my tokens then as per . . .

CUB tokens will start to be airdropped to your Hive wallets.

But then it said . . .

which will explain how exactly to utilize CUB to claim the drop on the Binance Smart Chain

So does that mean that we can't use CUB if we don't get involved with Binance?

Posted Using LeoFinance Beta

That's exactly what I read into this post and so I will tag on here to await your replies! It would be a real hsame if that were the case though!

Looks like it.
I am not sure why they picked Binance Smart Chain though.

Posted Using LeoFinance Beta

BSC is essentially a more scalable but lower trust version of ETH (more centralization = lower fees but not as decentralized as ETH).

BSC has continued to grow and will continue to grow in our opinion. It's a great place to attract capital and new users

Posted Using LeoFinance Beta

So going back to my original question . . .

does that mean that we can't use CUB if we don't get involved with Binance?

I'm grateful for the tokens, just trying to get my head around it. 😊

Thanks

Posted Using LeoFinance Beta

You will not be able to use CUB Finance without using Binance Smart Chain.
It is what it is.

Posted Using LeoFinance Beta

Yeah. No use to me then. I just read this on a post by @gadrian which comfirms it . . .

if you trade the CUB tokens which are created and will be airdropped on Hive-Engine, the buyer can't use those tokens. They are linked to the account being airdropped to. So the only way to use CUB is to claim them on BSC.

Posted Using LeoFinance Beta

...but you could sell your CUB airdrop on Hive-Engine to someone who intends to use BSC... oh wait... maybe not.

Posted Using LeoFinance Beta

☝🏽☝🏽☝🏽☝🏽☝🏽 That’s my main question

Posted Using LeoFinance Beta

I just read this on a post by @gadrian

if you trade the CUB tokens which are created and will be airdropped on Hive-Engine, the buyer can't use those tokens. They are linked to the account being airdropped to. So the only way to use CUB is to claim them on BSC.

so it seems like we won't even be able to trade them. 😢;

Posted Using LeoFinance Beta

Good luck!

Posted Using LeoFinance Beta

Wow Really excited for it.
Are LeoM and LeoMM staked eligible for airdrop as well?
I guess no as not mentioned in this post but previously some guesses were given.

Probably just for the Project Blank.

Posted Using LeoFinance Beta

Same thoughts here. But still wanted to have it clear.
Thanks

Probably not as there's no mention of wither of them

Posted Using LeoFinance Beta

LEOM and MM will be eligible for any miner-based airdrops we do in the future (i.e. Project Blank)

Posted Using LeoFinance Beta

I am so confused - in a good way. Luckily I bought plenty of LEO during the last days. So I will need staked LEO to get CUB (although is not clear yet what it is being used for). And I need liquid LEO to probably add liquidity to the bLEO pool? I assume we need a second token for the pool in a ratio 1:1, just as it was the case on UniSwap with ETH and WLEO. What other token will we pool against? Binance Coin (BNB)? Since it is no geyser, I assume it matters not whether we pool early?

And then we need to save at least some funds to buy ProjectBlank tokens... So many options. I like it!

Posted Using LeoFinance Beta

Congratulations to all the development team behind these projects, more than anything I would like to put my feet in these projects from the beginning what I can say is that I hope the snapshot and that everything goes well during the week for bleo and CUB

Posted Using LeoFinance Beta

This was a move into the right direction and at the right time as Binance Smart chain is eating DeFi from Ethereum like cake. And finally will allow me to participate into DeFi as my heart couldn't cope with Ethereum fees (maybe that will change with Ethereum 2.0).

Great branding and name as CUB tokens which by dictionary means "the young of a fox, bear, lion, or other carnivorous mammal", thus a smaller lion (LEO). Congrats for outsmarting everything and being detail oriented!

Posted Using LeoFinance Beta

If one does not want to interact with binance exchange, can one sell CUB on hiveengine?
That sounds to me like there won't be a market for CUB on hiveengine.

Binance Smart Chain features fast and nearly fee-less transactions.

Are you sure about that?

Posted Using LeoFinance Beta

It depends - I paid almost $5 to release some funds from Autofarm the other other day and Binance keeps varying its transfer fees - $1 now for USDT.

Binance is not your friend, remember that they were quite happy collude in the take over of Steem.

Posted Using LeoFinance Beta

So I was delegating 45 LP to leo.voter, which I think I'm realizing now doesn't make sense.

I undelegated that LP, and I am currently staking 15 LP that I hadn't delegated before.

Is the airdrop going to be based around the 15 LP, or the entire 60?

And as an aside, should I be delegating LP? I seem to be a little confused as to why you would.

Posted Using LeoFinance Beta

Leovoter pays you 16% apr of yr stake out every day, which is better than most delegators offer, i would say.

Posted Using LeoFinance Beta

So delegating LP to leo.voter results in a 16% APR? I was under the impression you only receive rewards from delegating HP to leo.voter.

Posted Using LeoFinance Beta

I can't say that for sure, only meant delegating hive power pays daily in leo, sorry i don't know anything abt delegating leo , sorry for confusing/ wasting yr time! 😎

No worries at all! I appreciate the clarification. Yeah, that's the conclusion I've come to... currently staking around 150 HP to leo.voter, and then just staking the LP without any delegation.

Posted Using LeoFinance Beta

Woot!!! Let's tip this snowball off the top of the mountain and start the avalanche! Thank you for all that you're doing! You're making this an incredible place to be a part of. I can't wait to see how this all develops. Gonna be a fun ride!

Posted Using LeoFinance Beta

Yes! The mother of all announcements is there!
Cute name for the tokens!

Posted Using LeoFinance Beta

Very excited about all this. I've already been on discovery tour on pancake swap lol. I still need to get to understand how everything works but I'm looking forward to dip my feet into DeFi. Especially when it gets affordable for normal human beings :-)

Posted Using LeoFinance Beta

Are you in a position to be able to reveal the pool pair plans?

Are we looking at two basic pairings to start:

  • BNB - CUB
  • BNB - bleo

Or can we expect something a bit more exotic>?

Is to too late to also add in an NFT drop commemorating that we took place in the first ever hybrid cross-chain claimdrop, or I will I have to get a T shirt printed to mark the occasion?

Posted Using LeoFinance Beta

damnnnnnnnnnnnnnnnn i don't know what to do now. Find ways to gather liquid leo? find a way to buy more leo and stake, both???

at least now we know the reason for the leo dilemma! I also see leo reaching at 1$ in no time

Posted Using LeoFinance Beta

The price is going to shoot to the roof today, just watch.

It's a dilemma for me as well, have to think about it and consult with others, even thought the decision is mine.

Posted Using LeoFinance Beta

Very interesting. I really look forward to seeing how all of this unfolds! I think right now people are just going to have even more questions than they did before! Nice annoucement!

Posted Using LeoFinance Beta

Wow, very exciting news for the LEO community. I like the fact that you went with the BSC chain which is more affordable to average users than Ethereum in the moment.
I do have some of my LEO Power on Power down (there was rumor we should hold some more liquid LEO). Does that mean the LEO on Power down will not be eligible for the CUB Airdrop?

Posted Using LeoFinance Beta

As I wrote a few days ago... Welcome to the Leofinance society!
Thumbs up for Khal and the Leofinance team for their immense efforts into making this project one of the best ones in the crypto space. Happy to be part of it and highly excited about the future of this community.

Posted Using LeoFinance Beta

For the people like me who have staked LEO in "account A" and wLEO LP in "account B", will we be affected in some way or should we not worry about it?

Posted Using LeoFinance Beta

As far as I understand you would get cub for both accounts

Posted Using LeoFinance Beta

I hope so!

Posted Using LeoFinance Beta

This is awesome. I will probably stick to staking my wallet. I am happy to be a part of this auspicious moment.

Posted Using LeoFinance Beta

Fantastic. Now I have to get my Binance Global account straightened out!

Posted Using LeoFinance Beta

Cool stuff, Glad to see things moving along.

Excellent update, thank you

Posted Using LeoFinance Beta

Well, DeFi totally bamboozles me so I'll just stake the LEO for the airdrop and if I'm feeling adventurous, will play around with the Binance pool but am fine voting, curating, posting and commenting myself.

Good luck to everyone and hope it all goes smoothly with these colossal roll-outs!

Posted Using LeoFinance Beta

Hahaha! I'm seriously glad it's not just me who hasn't got a clue about that :D

Posted Using LeoFinance Beta

And you thought you were the only one... :)

Whatever happens, it's going to be one memorable week!

Posted Using LeoFinance Beta

Lol! Phew! Now I'm starting to feel less thick!

Yeah for sure man! Hold onto your hats!

Posted Using LeoFinance Beta

It's obvious we're super excited about Cub Finance, but I hope the claim thingy won't be too complex for muppets like me :) Also hope that project blank will get a name soon because blank jokes are starting to get stale. In the meantime:
502rur.jpg

Posted Using LeoFinance Beta

Great News
I hope if I had some leo power
But I have to power up my next earnings
Good luck to my friends who hold leo power

Posted Using LeoFinance Beta

The airdrop on Hive is merely to distribute it to existing LEO POWER hodlers and WLEO LPs

So one can benefit from both - people who have WLEO LPs and having Leo Power will get both, right ? It would have been great to get some for hive as well 😀

Posted Using LeoFinance Beta

As I understand it, yes, you can benefit from both.

Posted Using LeoFinance Beta

Great news! but I didn't understand if there will be a LEO-CUB pool on BSC? 🙄 Why liquid LEOs?

Posted Using LeoFinance Beta

You will get the cub for free, but provide liquidity you will likely need to be able to get your hands on bLeo, for which you need liquid Leo

Posted Using LeoFinance Beta

Finally the long awaited airdrop.. seeing as I don't understand much of the technical mumbo-jumbo I'll be over in the corner waiting for #ProjectBlank quietly

Posted Using LeoFinance Beta

LOL.... I was about to ask you if you understood this and could explain it to me in plain English...
But apparently not!
I do hold a little LEO in hive-engine, and it's staked.... I think that's supposed to be a good thing?

Yes. It's a goid thing..

Posted Using LeoFinance Beta

The staked LEO will get you CUB airdrop.

It will require some Liquid LEO to operate on BSC.

Posted Using LeoFinance Beta

Okay, so my staked LEO will get me some CUB.
Then the CUB and some liquid LEO will get me operating on BSC.
Now I just need to figure out what that gets me. And what BSC is.

The snapshot for the CUB drop was taking today. Your staked LEO will get you CUB. That will be dropped in 24-48 hours.

There will be another snapshot taken for the Blank drop when that is ready to go. Staked LEO will get you blank tokens (Leo miners will also get blank miners). That drop will take place within a week of that snapshot taking place.

To participate in BSC with CUB, from what I understand, Liquid LEO is required along with some BNB for transaction fees (much less than Ethereum). BSC is a fork of Ethereum so the DeFi is similar.

CubFinance is looking to set up a platform which will build a ton of projects upon.

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Ah I get it - CUB is one of those BSC shitcoins that's going to enable you to earn 300% interest when you pair it with bleo. Or something like that.

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right yeah, i think this could be referred to as breeding rather than farming :D

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But that is defi on BSC right? Punt yer coins here, get X shitcoin which has no utility other than for being staked with other shitcoins and hope to time your out-point before the whole fucking shit show collapses?

It's all a bit of fun!

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Cool stuff. Now for having leo power staked, we earn two more extra tokens.. Look forward for the snapshot and full launch.

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Very good @leofinance! Well written "preview of coming attractions!" 👍 I'd sure like to know what the "other half" of the LP requirements will be for the Binance Smart Chain, so I could work on it. RUNE? BNB? BTC? ...

But ...

I can wait another 24 hours or so. No problem. Keep up the great work!


P.S. You have likely already started your first draft of tomorrow's post about the details of setting up the Binance Smart Chain liquidity pools. I will hope they cover how to do it using a Ledger, as I really like having that extra layer of security for protecting my investments, if at all possible. Like we currently have with WLEO on the Ethereum blockchain ...

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History in the making!

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The mad dash for Leo begins in 3..2..1:)

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I am a bit confused about holding some liquid leo part as no detail was mentioned on how to claim the hybrid airdrop. Will we be required to hold liquid leo to be able to claim the airdrop?

Bleo - BadassLeo :)

Cub Finance - Inspired by badbitch intro post hahaha 😏😏😏

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A very wise choice choosing BSC, this will definitely increase LEO User Database. This is what I like about Leofinance the most; flexibility, timely decisions and vision.

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Fantastic news. Can you please explain me 2 things:

  • leased leo is eligible for aidrop (it was no prior staked, just leased)?
  • what about liquid leo-I have time till tomorrow to stake it? Or is it already too late?

Can you say impending LEO liquidity crises!

We merely wanted to announce that we'll be announcing this later at that announcement party.

Haha the running joke continues, love it! Looking forward to the next announcement of announcements 👊

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Woo hoo .... this is great news. Will everyone need to buy at least 1 BNB ? I think This is also bullish for BNB

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I guess we can buy CUB now too ?

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There were so many rumors, fake news, guessing that no one knew exactly what is going on.

This is actually more ways to earn than I expected to be honest, but looking forward to it as it's all good. It takes us to the next (few) level(s) and it isn't over yet.

Thanks Khal and dev team for all the hard work and I'm looking forward to reading the details.

Posted Using LeoFinance Beta

I am curious to see if this airdrop will make me as rich as the LEO airdrop did!

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Looking forward to partaking in the DeFi craze for once. Exciting times ahead. cheers!

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Why am I fully erect?

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It’s happening!

Super excited for LEO future

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Very excited, waiting for more details!

Also, you didn't say anything about the LeoFi dashboard, which was one of the three announcements

LEO must be staked when the snapshot occurs. WLEO must have been LPd at least 1 week prior to the snapshot

The 1 week condition of WLEO, does it also apply to LEO. That is if one stake more LEO now will it be captured?

Posted Using LeoFinance Beta

No it doesnt apply, if you stake more from now till 8am tomorrow, you'll get the airdrop. The snapshot is 9am

Thanks for the clarification

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Very Cool! Looking forward to figuring out how to claim my cubz

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I read the post before I got interrupted by... family time. :)

Now I went through most of the comments.

There are certainly very exciting times in Leo verse! Many of them still surrounded by mystery and fog.

I probably have more questions, some of them have already been asked, some fortunately answered.

I'll ask only one now: will the rewards structure for bLeo LPs strongly favor those who provide liquidity immediately or it's different than for wLeo Geizer rewards?

Posted Using LeoFinance Beta

Confused, do i need liquid LEO to claim anything or just to do some LP on BSC?

To claim you need staked leo.

Complete madness (in the good way of the word of course), very creative ... and I'm thrilled to see the things finally come together. This is going to write a piece of history in the cryptospheres is my guess.

Posted Using LeoFinance Beta

"Based on the amount of LEO staked or WLEO pooled on Uniswap, users will receive CUB tokens on Hive-Engine.", I got some LEO staked, I will take that airdrop, even I dont know what it is you guys have build...!!?!? haha, its about time I test Binance smart chain anyway and this is a good occasion.

bLEO represents BEP20 LEO - a wrapped version of the LEO token on the Binance Smart Chain.

Honestly, this is another best thing for this project! Binance Smart Chain is very interesting and that is why some DeFi projects have shifted from ETH to BSC. This is great for sure, and I congratulate you on this step! 😍 #bLEO

Posted Using LeoFinance Beta

Awesome! The time has arrived. Excited to see all of this develop. Will keep an eye at the sky for incoming airdrops.

Thanks for all the hard work!

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Well done awesome work with Leo Projects, that multiple chain drop seems funtime even if I can't grasp it fully. I have a question, my Leo power is delegated to leovoter for now will I be able to clam the airdrop anyways?

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I think so, i hope so, as most of mine is also delegated to leo.voter. But just because it;s delegated, it;s still powered up, by me, so i (and you) should get the airdrop, i hope :-)

Posted Using LeoFinance Beta

Let's hope! anyway it's a really good thing happening

If the delegated to account benefits than "Just Call Me Myke" @mvl2304 can just call me Santa.😎

AWESOME NEWS!

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Got it. Stake my Leo. That makes the most sense to me since the wrapping stuff is a foreign concept to me at this point.

Bought some Leo and powered up.

LEO should be on TOP 20

great news!!!!

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Congratulations Khal and the team of developers! Incredible times are to come and it is a great pleasure to be able to be part of this story.

Finally, I will start my journey in the trendy DeFi universe. You can count on me LeoFinance, because I am already preparing to be a liquidity provider.

Posted Using LeoFinance Beta

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Check out the last post from @hivebuzz:

Feedback from the March 1st Hive Power Up Day
Hive Tour Update - Financial stages

I guess I need to learn more about DeFi.

Posted Using LeoFinance Beta

So If I only have liquid Wleo on my metamask I get nothing? What a waste of my time/recourses.

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if you have wleo you will get airdrop, as far as i understand. It should not matter if it's on metamask. I think, but dont take it as gospel.
Actually, dont take gospel as gospel :-)

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Exciting developments @leofinance, to be sure! Feeling grateful right now that my US state (Washington) was just removed from Binance's "no fly zone" in the US...

I read through this a couple of times so I'm pretty sure this was not specifically covered in the post: What happens with LEO tokens that are staked but delegated to a different account? For example, I have an inbound 1600 LEO delegation... is that excluded, or do those making the delegations still going to get the CUB airdrop?

Thanks in advance!

=^..^=

Posted Using LeoFinance Beta

This is March in action.
So I guess it could make more sense now
to get as much cub and bleo as possible
by power up your liquid leo.

Great putting more pressure on Hive and leo tokens

!BEER

Posted Using LeoFinance Beta


Hey @leofinance, here is a little bit of BEER from @pouchon for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.

The details of what exactly CUB is will be announced at a later announcement date. We merely wanted to announce that we'll be announcing this later at that announcement party.

A fairly announced paragraph :D hehehehe Anyway, looking forward to know what CUB exactly is.

I knew I was doing good the day I decide to start with LEOFinance :)

Posted Using LeoFinance Beta

OK, buying and staking some LEO ... :) I am in the claimdrop camp for teh moment :)

Good luck with the launch.

Posted Using LeoFinance Beta

I'm looking forward to finally taking the plunge and getting involved in DeFi.

Immersing myself in some Binance Smart Chain reading today in preparation.

Posted Using LeoFinance Beta