For Everyone Who Doesn't Understand CubDefi

What the heck is going on?

We are harvesting.

What are we harvesting?

We are harvesting money. In this specific instance money in the form of CUB.

What is CUB?

Money

How do you harvest CUB?

You press the harvest button.

Is that it?

No, you have to approve the transaction. For that, you have to learn how to use the BSC Blockchain.

What is the BSC Blockchain?

The BSC Blockchain is a completely separate from the hive network

It is a copy of the Ethyreum Network. Kind of like HIVE is a copy of STEEM

Why are we on a different blockchain?

Because we were invited by the LEO team.

The leo team has built a DeFi Platform on the BSC network kind of like they built a blogging platform as a second layer on the HIVE network.

They invited those of us who hold LEO to over, by giving us money.

How did they give us money?

They gave us a token called CUB.

The BSC Network uses a currency called BNB

The Leo Team Built a layer on the BSC Network and that uses CUB

Kind of like:

The HIVE Network uses HIVE

The Leo Team Built an interface on the hive network with its own ecosystem and called it LEO

What can you do with cub?

You can invest it.

You can HODL it in your wallet.

It won't do much there. As CUB rises and falls in value, your investment will rise and fall.

We expect it to rise.

You can park it in something called a DEN

Inside the DEN your CUB will earn a very high interest rate. The APR's are in the hundreds, sometimes thousands. It is yearly APR's but they pay constantly.

To join the DEN, you stake the CUB you currently have

You can put it inside a farm

Inside the farm, you will also make really good APR's.

However, here, your CUB can lose value in more ways than one.

You also have to create a more complicated transaction.

You also need an equal amount of CUB and BNB (or whatever token you are going to farm). So, if you have 30$ USD worth of CUB to invest in a farm, you will also need 30$ USD worth of BNB.

Where does this APR and money come from?

this answer is edited. @organduo gave a clear and concise answer in the comment section

What does that mean?

It means that BSC is a blockchain. Blockchains store information in "blocks" each block produced mines the token of the blockchain. CubDefi on the BSC Network Mines CUB. That CUB is split between the Den Parkers and Farmers aka Investors.

Do I have to do anything after I stake the CUB?

Yes.

If you parked it in the den, you can either compound it, or harvest it.

If you compound it, it goes into your stake and makes your stake bigger.

If you harvest it, it goes into your wallet where you can sell it or trade it or let it sit.

If you went for the FARM

You can only harvest it. You can of course make more LP's but there is no "automatically make an LP pair" button. Although I think there should be

It really isn't that simple

It is not.

But it is difficult to figure out what tutorial you need if you don't understand the basic jist of what is going on.

Posted Using LeoFinance ^Beta