Alright fine, we don't want to see too many bears in the Kingdom.
"New Cub Kingdoms Feature"
"Cub Kingdoms are an exciting new vault contract we're building for the Cub Finance ecosystem. These vaults will resemble Yearn/Auto auto-compounding vault contracts".
This is all new to me. DEFI, Farming, Dens, Kingdoms! It's actually hard to keep up. To be honest I didn't really understand Pancakeswap and all of these other tokenized economics. The pace at which this new market is moving really means you have to be fully engulfed. If anything https://Leofinance.io is a godsend full of blogs and information that pertains to the Crypto Kingdom. If you don't research you will be left behind quickly.
"In short, the first Cub Kingdom will allow you to pool CUB-BTCb in a separate "farm" from the "Farms" and "Dens" page."
The "Kingdoms" page will display this new type of vault contract which automatically reinvests CUB earnings into the base asset pairs.
So a new pool (CUB-BTCb) and earn CUB rewards. The vault automatically takes those CUB rewards, swaps 50% of them into BTCb and reinvests into your original pool position.
If this catches on in the general Crypto-Kingdom CUB could be a real financial hub connected the internet 3.0 like many other projects are trying to do themselves. Polkadot for instance is set on making this Crypto-Kingdom or web connect.
What Is Polkadot (DOT)?
Polkadot is an open-source sharding multichain protocol that facilitates the cross-chain transfer of any data or asset types, not just tokens, thereby making a wide range of blockchains interoperable with each other.
This interoperability seeks to establish a fully decentralized and private web, controlled by its users, and simplify the creation of new applications, institutions and services. Unfortunately, even that potential does not mean it is there to stay! It's all about activity and liquidity.
Looks as though right from the get-go the LEO team see's that potential and already has a gateway in play. We also see "Tokenized Blogging" and I wonder what bridge that will lead many other chains towards (HIVE).
There are plenty of different pairs in the Farm / Den but depending upon activity some may be brought in or phased out. Some have grumblings about phasing out something they have already invested in; but I'm sure they have some realized gains either way (despite the 4% deposit fee). This is a growing sector that will have hiccups, price discovery, and activity to be determined. Personally I have chosen the most 'common' coins such as BUSD/CUB pair. If you are concerned if a farm will be phased out you can easily determine the best by liquidity and activity.
We have to remember that the end goal is for CUB to be prosperous not every other token and coin plopped into a farm / den! With that being said, the LEO team cares what you think and doesn't want to lose trust and investment.
With all of that being said when the promotional products start rolling around; CUB is here to stay!
I'll be taking a break from blogging the next few day's. I have been furiously trying to write and keep up with all the changes. The holiday's are rolling around and it's time for a well needed break. See you in a few day's CUB / LEO fam! To the moon and for the kingdom!
Posted Using LeoFinance Beta