Crypthursday: Cubs, Kingdoms and Manhattans
A week to remember
This was another slow week for crypto in the "outside world", although slightly better than the last one. BTC is giving signs of recovery, which could pull some of the main alts out there but still nothing to write home about.
The same, however, can not be said about the latest developments in LeoFinance and, more specifically, CubFinance! This was a very exciting week for everyone involved in that project and I believe even more is to come in the next few weeks. But more on that later!
BTC rollercoaster
On one hand, we have promising news like El Salvador making BTC legal tender but on the other, some economists are saying that it could collapse the country's economy.
We're also seeing more people pushing for crypto regulation. Here in Brazil, a deputy just submitted a proposal to regulated cryptocurrencies and NFTs in the country. Let's see how that goes...
And there is also Elon Musk. Apparently, Tesla might accept BTC again in the future and so does GM. The main concern seems to be, once again, energy consumption. I'm a big supporter of renewable energy but how much of this argument involving Bitcoin mining has any actual logic?
I don't think that we should promote clean energy adoption simply by shutting down operations that rely on "dirty energy". That's not how we handle other industries so why should that be the case for Bitcoin?
In this post, @shortsegments presents an interesting view on the subject. I highly recommend it.
But enough of that. Let's move on to more exciting things.
Cub Kingdom is Live!
One of the most anticipated releases of the last few weeks was the CUB Kingdom, which is now live.
One of the key differences between the CUB Kingdom and the CUB Den is that kingdoms auto compound your earnings back to your base asset position. That's done automatically and at an optimal rate, which means a higher APY.
Another difference is that CUB Kingdom stakeholders will earn BNB dividends from management fees on other kingdoms. How cool is that?!
Some people might be asking themselves "Should I move my assets from the CUB Den to the CUB Kingdom?"
That's entirely up to you, of course, but if you care to hear an informed opinion, check this bit of the official announcement by the LeoFinance team:
At the end of the day, it will make little sense to utilize the CUB Den over the CUB Kingdom. The contract will compound your CUB at a more optimal rate than you can do it which = a higher APY. The Kingdom BNB Dividends will only be allocated to the CUB Kingdom (not the den itself) so that also will add significantly to the APY of staking CUB in the Kingdom.
And there's more to come!
The team has also announced some upcoming developments for CubFinance such as the migration of other Kingdoms, a market event to promote them, and some other things but one of the things that I'm more excited about is the upcoming Polygon platform and the pLeo token on Polygon.
For a detailed explanation of the CUB Kingdom features and the upcoming developments, make sure to check the official announcement.
I believe that CubFinance has a bright future in DeFi and the recent events already contributed to raising the token price from 0.50 to 0.90 in a matter of days!
Pick of the week
My pick of the week actually consists of two articles this time. I think that they are somewhat related in the sense that both have to do with Financial Freedom.
The first one is a great post by @erikah, where she shares her vision of what is Financial Freedom and how she is working to achieve it with crypto and her relentless engagement with the Hive community. You can check it here:
The second one is this terrific article by @young-boss-karin, where she tells us about how she is betting on discipline and financial planning to achieve financial freedom in the future. Here's the link:
Enough with the business talk. Let's party!
It's getting cold around here (at least for Brazilian standards) and I think whisky cocktails are perfect for cold weather so this week's cocktail is going to be the Manhattan!
https://hips.hearstapps.com/hmg-prod.s3.amazonaws.com/images/lede-1567179991.png?resize=768:
This is an easy one that doesn't require a lot of ingredients or special techniques. This is pretty much all you're going to need:
- 2 oz rye or bourbon
- 1 oz sweet vermouth
- 2 dashes of bitters (I'm going to use Angostura)
To make this bad boy, just add all ingredients to a mixing glass with ice, stir it until the drink is chilled, and strain to your cocktail glass of choice.
If you wish, you can garnish with a lemon twist or a few cherries.
That's it, you're done! And so is this post! I hope you join me for a nice cocktail party tomorrow at the @leomarkettalk daily post!
Posted Using LeoFinance Beta
