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Cub Finance (The Full Picture)

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@brianphobos
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5 min read

You can totally Live in this ecosystem with endless possibilities.

A lot of people don't realize how much Cub Finance just expanded everyone's ability to live and work in these ecosystems in both the bull market and the bear market. With HIVE it was unfortunately bleeding people's capital out. I'm not going to get into all the reasons for that but it hasn't been a place I have recommended people to retain and grow their wealth. That being said LeoFinance was able to leverage the platform to build something that had better tokenomics and could retain value. A brilliant move was to create a liquidity bridge to Ethereum with wLeo. Instead of fighting Ethereum it makes more sense to bridge to it because that first movers advantage has been extremely tough to overtake no matter how good of tech has rolled out with other projects.

That was beneficial for HIVE / LeoFinance users to branch to Ethereum based asset and also gave users another route to get value into the Leo ecosystem. Also price wise it has been proven to help provide positive price movement when a lot of the funds are locked up and there is relatively low liquidity compared to the demand for a cryptocurrency. This is also the principle that HEX tries to employ. The utility of HEX for the most part doesn't exist compared to LEO and it is injured by primarily living on Ethereum which can't handle the current capacity of transactions occurring on the network. Since LEO lives on HIVE it can handle a far greater capacity on its home blockchain.

Bridging to the Binance Smart Chain was the smartest thing to do because so many assets are tokenized through the Binance Bridge onto the BSC such as Ethereum, Bitcoin, Cardano, EOS, Litecoin, and an entire host of stable coin offerings.

Creating a spiderweb to the #2 and #3 blockchains by marketcap was absolutely huge. Then not only that you can allow your Bitcoin to live on the Binance Smart Chain and gain a return from that in the ecosystem so you have access to all the top assets.

Endless Potential

I could write 10 pages about everything someone could do if they for instance had some value in HIVE. Let's say they blogged and earned both LEO and HIVE and then took some of those funds and took them to Cub Finance and either staked Cub or joined some of the Dens or Liquidity Pools and earned a good return. They could then take it back to LeoFinance and power it up to earn more rewards in that system. If they thought things were going to fall they could get in Stable coin Dens or Liquidity Pools and sell the Cub to stack more stable coins or they could bring the value back to HIVE and put it in the HIVE Backed Dollar if they felt like that was the safest place for the money. Being on the Binance Smart Chain you have access to other platforms such as Venus and you could take a stable coin loan out for 1% / month and then just put that in a Cub Den and earn way more than that off of it. Even just being on Cub Finance you could build up a legit crypto portfolio overtime by just staking assets and then selling the Cub for other assets like Bitcoin, Ethereum, BNB. If you have to get out of that ecosystem you could get clear back to Uniswap with wLeo and buy Ethereum based assets. Just by trading around and blogging / curating and staking assets you could really build up during these periods of time.

Unspoken Parts of The Spider Web

We all know all the KYC stuff can take a lot of time and a lot of sites are way backed up as far as on-boarding new users. It would be best if we had more decentralized parts to this portion of the spider web but sites like HotBit, ProBit, and Ionomy play an important roll tying STEEM, HIVE, Blurt, DTube, and even WhaleShares together. HotBit helps tie Scorum and also the Binance Smartchain assets in via CAKE. ProBit has both STEEM and HIVE. Again with mainly e-mail signups it is easier for someone to quickly get on without going through a huge lengthy process.

Live and Work Indefinitely In this environment.

@felixxx just wrote a post about how he got 50K HIVE Power without bringing money in from outside since Mid 2016 STEEM days.

Pretty impressive for sure and if a person did something along those lines of interacting in the system and then used some of those earnings to spread out through the expanded ecosystem into Cub Finance and earning good returns there and expanding to other assets it would be pretty incredible what a person could build up over some time. They could mitigate their risk going across these different platforms and ecosystems without ever bringing in funds through something like Coinbase. It's pretty crazy for me to think about in a lot of respects because it can be hard to get the ball rolling at times and even now sometimes I trip out thinking I'm not going to make my target goals even though I really put quite a bit of fiat money into crypto and have blogged and done various other things like collected airdrops this entire time.

Utilizing the Atomic Wallet To Bridge To Even More Assets

Let's pretend someone made some good returns on some blogging on HIVE and LeoFinance. They could then bridge the LEO to the Binance Smart Chain with bLeo. Trade it for BNB. Then take the BNB to the Atomic Wallet and swap it out for practically hundreds of other cryptos like Zilliqa and then stake that inside the wallet for 15% return. All without getting on a traditional exchange.

https://www.youtube.com/watch?v=QV7deJ3YNXA

What Could Be Added?

The devs have a lot on their plate but I think if there were pools for Dogecoin that would go a long way. The Binance Bridge has DOGE but Pancake Swap and the other clones don't seem to have it added in for some reason in the exchange. Also I feel that there should be the ability to have STEEM and DTube and Blurt pools as well. If you bridge all those assets there is just that much more economic energy tied in those platforms that expands the ecosystem even more. You anchor to STEEM and it could help keep HIVE from falling off the 2nd page of CoinMarketCap.

In Summary

A lot of people don't realize what this entire ecosystem is capable of. This is the time to really put in the work and keep grinding to get as much as we can and then between these different platforms a person can really build up a really solid portfolio and protect their time in crypto.

With enough gains they can build up enough and ultimately mortgage their Bitcoins and other crypto assets to buy mansions and a fleet of supercars. You think I'm kidding?.....I'm not!

Posted Using LeoFinance Beta