Key Spoilers From The AMA Session on $CUB & LeoFinance ft. Khal, Neal & Crim
Most of us already know by now that there was an AMA session a few hours ago, hosted by @crimsonclad (Crim) on Cyber Buzz Radio with LeoFinance Team. This week's guests were from Team LeoFinance i.e @khaleelkazi (Khal) & @nealmcspadden (Neal). We all know Khal is the founder of LeoFinance Community & handles all the projects under this Umbrella. Neal is an "official cheerleader" of LeoFinance, in his own words, "official idea-man" in Khal's words. And the best part about this whole conversation was how Crimson hosted the whole show in style, wit & grit, Loved the vibe. This show was packed with information about LeoFinance, DeFi, CubFinance, Hive, Cryptocurrency & Blockchain in general. Cyber Buzz Radio/Crimsonclad got a new subscriber.. ;)
Special thanks to agr8buzz for pointing me towards this AMA Livestream. Cheers bud!
Here's the link of the Live Stream in case you would like to listen to the whole conversation:
Note: Real action starts at 10:44
Now for those who would want to learn more about the Juicy parts of the conversation, this post will come to the rescue, I hope. Please keep reading.. I will try to add the timestamps of those sections which I am going to mention below, so that you can go ahead and listen to the golden words in their lovely voices. Because let's face it, for some people, 'reading' can be very boring. Let's Start:
Timestamps/Chapters in the video
0:00 Start // Real action starts from the next timestamp, please skip
10:44 Introduction of Khal & Neal
13:07 Introduction to LeoFinance, Ongoing Projects & Goals
15:21 Components of LeoFinance Suite (DApps & Projects)
18:55 Neal Talks about the Difference Between Farms (LPs) & Dens, How The Whole DeFi System Works in General
23:44 Scenarios to consider before Investing in Farms & Dens, What are the risks involved & some financial advice on DeFi
JUICY1: With LPs There is Impermanent loss. This doesn't apply to Stability Pool Coins like BUSD-USDT Pool, so it is a safer bet than other Liquidity Pools (Farms). I would suggest everyone to listen to the whole thing to understand the most talked about concept of IL. Neal & Khal, both of them have shared their knowledge about it with examples.
26:54 CUB Airdrop Claim Window
28:24 Why is it beneficial to get into CubDeFi as early as possible?
JUICY2: Each week, the emission of CUB tokens will decrease. So if you are still waiting to invest into FARMs & DENs, do it now to make the most of it. Check the below screenshot to understand the emission rate.
JUICY3: Khal explained when inflation rate goes down, APR might also go down theoretically. Another dynamic to consider here is that if the inflation rate decreases, sell pressure on $CUB will be very less. So there is a potential that the price of CUB will go up and decrease in APR will not matter in that case.
31:00 Introduction to LeoBridge
JUICY4: LeoBridge is the new interface which can help anyone to convert ERC-20 Token to BEP-20. Mind-fucking-blowing!!! Making it easier to get into Cub DeFi Universe, why not. ;) Only Binance allows you to do this, just imagine we have a similar service. Notably this service will use HIVE BC as an intermediator between ETH & BSC. Good News for HIVE Enthusiasts since the money will be flowing through us. ;) This might come in a week or so.
34:05 LEO Effect on the price of HIVE, Open sourcing/Open Access of LEO Tools to Other projects on HIVE. How growth of LEO & HIVE are interconnected? How To grow HIVE Userbase by addressing the pain points of other BC users?
JUICY5: Neal: "Since the launch of CubDefi, there has been 115 new accounts made on HIVE through Leo Onboarding system. That too with zero deliberate advertisement so far." This means LEO is helping the growth of Hive Userbase.
40:05 WEN Project Blank? Why is it going to better than Twitter? Censorship Issues on Twitter
JUICY6: Project Blank is a twitter like application where users can do microblogging and there will be a native token attached to it as rewards. TIMELINE: In the next week or two, there will be some kind of announcement related to it. Mystery Stays! "It's the biggest project we have taken on" - Khal, The announcer of announcements. "I am most excited about Censorship Resistance, Widening the Range of HIVE Ecosystem through Project Blank", - Neal.
49:15 Marketing Plans for LeoFinance & Its Products' Suite
JUICY7: Khal suggests that if we want other BC users to come on HIVE or LEOFinance then we need to solve their problems on their blockchains without selfish expectations. Once the trust is build behind the team that brought some value, they will come flocking towards the other projects by LeoFinance & Other Hive Communities. From there, word of mouth will work. Khal also suggests that we are going to explore Paid Ads in the future. CUB is once such example that bridges the gap between HIVE, LEO & Binance Smart Chain and in future ETH BC with Leo Bridge.
JUICY8: Neal suggests that there should be an interoperability between Project Blank & Twitter. For a particular account PB posts should go to twitter and vice versa if the owner connects them both. If this happens then just imagine so many Tweets will be posted with the Endline as "Posted on PB.io" just like we have LeoFinance Posts. Personally love this idea.
54:53 FEES of LeoBridge, More Details on How it Works
JUICY9: 100% Fees will be used to burn $LEO & $CUB
1:00:19 Functionality Add BSC to Metamask Automatically
JUICY11: "Maybe a week or two and this functionality might be added into CubDeFi" - Khal
1:02:04 ARTIVAS (NFT Art Market)(https://hive.blog/@artivas) on Hive Blockchain
1:05:50 Short Term Plans of LeoFinance (Lots of Juicy Parts here, Hear it) & Then Long Term Plans, Dreams of Khal, Interoperability of Platforms & Applications
1:14:54 Story about How wLEO Hack was handled, Learning From The Event & Project Integrity of LeoFinance
- 1:18:33 CubDeFi Audit & How It Improves Project Integrity of CubDeFi
- 1:21:26 Neal's Testimonial For LeoFinance & CubDeFi
- 1:22:38 What does Rug Pull Mean?
1:24:35 Explanation on Layered Farming, More on APR Expectations in the near future
1:31:43 Why DeFi is so popular?
1:35:06 Is Now A Good Time To Invest $1000 in Cub DeFi? Risks Assesement & How APRs Work
1:40:17 How Does LeoFinance manage to DEV without Hive Funding Proposal?
1:42:40 Future of CUB Utility
JUICY12: More uses-cases of CUB are coming in the next few weeks & months. It's just the base of the whole cake. More Developments will happen in the whole LEO universe.
1:51:42 How To Maximize Your CUB Harvesting? Check this post. by @swelker101. Neal also shared a spreadsheet but couldn't get it. Please someone share it in the comments if you have.
1:56:32 Khal's Message He Wanted To Amplify Through This Live
2:01:28 Thoughts on IBC (Inter Blockchain Compatibility)
2:02:27 Resources Explored by LeoFinance For Growth of Community & Its Participation
2:05:59 Last words on CUB
JUICY13: HODL your LEOs for more surprises.
Since I woke up, I have been listening to these guys and taking notes. It's been like 3.5 hours already Thank you so much @crimsonclad, @Khaleelkazi and @nealmcspadden for an amazing AMA session. It was worth my time and I hope people will learn a lot from it like I did. It's safe to say that I am a DeFi Pro now, lol. If you liked reading my post, please make sure you take some time to watch the parts you like the most or watch the whole thing if you are a noob like me. Just remember:
Information is Dopamine. Knowledge is Power.
Posted Using LeoFinance Beta
