LeoGlossary: What Is Leofinance
A multi-chain decentralized finance (DeFi) project built with the intention of achieving long term sustainability while providing stakeholders with assets that could appreciate in value over time. In addition, income streams are generated by staking tokens in different ways which generates a strong APR.
There are many layers to the project with more being added on a regular basis.
The flagship of the entire project is Leofinance.io, which is the social media application. This is a long form blogging platform designed in the style of Seeking Alpha. However, this is a Web 3.0 application, being built on the Hive blockchain.
All voting is done over a 7 day period. After the window is complete, rewards are distributed to the wallets of all involved in the process. The author gets his or her rewards while each curator gets paid for the upvotes given.
Leofinance can be thougth as a tokenized, permissionless Seeking Alpha.
Hive is a decentralized database. In true Web 3.0 fashion, all data posted to Leofinance is written to the blockchain. This makes people's content immutable. Couple this with full account ownership and it is easy to see the appeal to content creators.
A staking platform that provides users with the opportunity to earn yield by from the application built on the Polygon network. This is under the heading of decentralized finance (DeFi) which is tied to blockchains.
Polycub was built with the intent for sustainability. The idea is to focus upon features that generate cash flow as part of the transition to Web 3.0.
The design is for revenue generation through the utility of application while simultaneously using a scarcity model on the main token, POLYCUB. This is tied to a governance system which allows the HODLers to direct where the yield of the platform is directed.
There are two main ways to farm:
A key factor is the Protocol Owned Liquidity (Treasury) which generates revenue to provide returns to users and fulfill the APRs, as directed by governance.
The native token for the platform is $CUB. There is also a wrapped version of LEO, known as bLEO, that is part of the liquidity pools contained in the Cubfinance farms. One of the main goals was to enable users more access to the LEO token through greater liquidity.
Part of the long term focus of the application is to move to cross-platform interoperability. This comes through the Kingdoms, which allow farmers to utilize auto-compounding vaults. Here they stake their tokens or coins, earn $CUB, and enjoy a LP position in a smart contract. The contract farms off platform opportunities earning those tokens which is used to buy the native assets.
What is developed on Polycub will be rolled out onto the Cubfinance platform.
Hence we will see:
There will also be an expansion in these areas:
Cubfinance is seeking to be part of the emerging DeFi 2.0 transition.
A website that allows Hive users to monitor and track their activity on the blockchain. This also contains vital information pertaining to their account.
Some of the data available:
Over time the intention is to add more analytics features so that users can better understand the impact of different activities on their account.
Other Leofinance Content:
Posted Using LeoFinance Beta