I took the plunge today and jumped into a liquidity pool

Thank you so much for the warm welcome into the SilverBloggers community, I have been reading such lovely posts here and decided I really needed to join.

This year is shaping up to be the year that I really push the boundaries and challenge myself. I jumped off the safety ledge and plunged into a liquidity pool - something I had been wanting to learn more about since I first got into crypto but I never did - until today.

It seems that the trending articles on CubFinance are doing what they are meant to be doing in terms of marketing .... if they can convince me - the technologically challenged Ranger Andy - to spend 3 hours trying to work out how to wrap BNB and turn Leo into bLeo and then actually execute the process ~ well, clearly you have some gems writing your content and your marketing is working.

I had to get some reference material to get it right and need to thank @katerinaramm for her tutorial from almost a year ago on how to convert Leo to bLeo and connecting MetaMask.

This last month I made some concrete decisions and decided that challenges were the name of the game. After reading a few of @cmplxty 's posts and asking him some questions, I decided to delegate some HP to LeoFinance, then yesterday and today I figured a trial run was in order to see if I could get my Leo coupled with some BNB from my Binance account into CubFinance to earn LPs (I'm such a noob that I had to look up was LP stood for, yes I know it's sad!), then stake the LPs to start earning CUB etc.

The journey to getting my tokens into CubFinance for staking was quite involved, but I need to preface that with this statement: I had absolutely no idea what Farms, Dens or Kingdoms were. It took me a good while to wrap my head around what they all are and what they do and then I got cracking.

I'm not going to go in depth into the process because there are many tutorials on LeoFinance, CubFinance, Hive and some other platforms already.

In essence, these are the steps I did today:

Read a lot and learn a lot
Create a Binance Smart Chain wallet (Trust Wallet on Brave)
Create a Metamask Wallet (on Brave)
Convert BNB to wrapped BNB (WBNB)
Convert Leo to bLeo
Send them both to CubFinance through Pancake Swap as a liquidity pair
Stake them both in CubFinance in a Farm

The amount that I sent was minor and on each of the transactions there were BNB fees attached, so you need extra BNB to cover those. The Leo that I sent was worth about $1,75, the BNB would have been the same as they pair on the equivalent amount.

I know that some people will read this and think I'm mad and that I've probably spent more than that on fees alone - well possibly, but this was simply an exercise in practice - to set up the steps so that I was familiar with the process and to acquaint myself with it so that going forward I can add to that liquidity pool and start growing it.

Then I did the same with Cake -
8) Sent Cake from Binance to CubFinance and staked it in a Kingdom

I'm glad that I've gone through this process now and I feel that the time was (relatively) well spent - an investment essentially that I think will pay for itself in the long run.

While some people may feel that it's only worthwhile if you chuck a chunk in at the start, I tend to start off with something small and see if I can grow that. That's how I have grown my Hive account, that's how I grew my Binance account, that's how I plan on doing this. Incremental compounding effort pays off as long as you are consistant with it. That's what I plan on implementing this year throughout - consistancy and effort. Stretching the boundaries and expanding my knowledge on different aspects of crypto.

My family members still think I'm a nutter for believing outside of the box, but I think one day they'll come around. When that day comes, I'll be sure to write about it.

Until next time

_{^{~The seriously technologically challenged and still learning}} Ranger Andy _{^{Not financial advice. Please DYOR}}