Posts

How To Get Your Cake (Pancake - Syrup) and Bread New CUB

avatar of @bitcoinflood
25
bitcoinflood
@bitcoinflood
ยท
ยท
0 views
ยท
2 min read

Kingdoms are here and with it a huge transition of CubDeFi to moving all Dens and Farms over to the new Kingdoms Format.

*The information in this article may not be 100% correct and is subject to change.

What are DeFi Kingdoms

Kingdoms combines CUBDeFI with other DeFi projects. In the example below we will be going over one of the easier to understand Kindoms which is CAKE (Pancake) or Pancakeswap.

By combining both platforms and auto compounding the investment at a rate of 4,200 per year or about 11-12 times per day the compounding factor not only earns you the native token CUB but also the token investing which in this case would be CAKE.

This screenshot is from the current Kingdom and of course APY, APR and other numbers within it are subject to change.

As we can see the total APY as of right now for the CAKE kingdom is 149.69% of which 22.84% is paid out in the form of CUB and the rest paid out in CAKE.

How Does This Benefit Cub?

The more CUB burned via transaction fees the less CUB in circulation and thus one of the aspects which increases tokens value. The other aspect is the total TVL invested within the CUB system as the most invested the more fees bouncing around in the system. This goes for exchanges and swaps as well as LeoBridge which allows you to take ERC-20 tokens and easily convert them into BEP-20 tokens.

All of these transactions add up in value and I believe it's changed to 100% CUB burn with no bLEO burn moving forward.

Farms CUB-BNB and CUB-BUSD will remain as is but all others and Dens will be migrating over to a auto compound format to mimic what is happening within Kingdoms.

There are still a number of major updates to come and changes to the platform all which are sounding promising to provide stability but also value to others in terms of tools they can use in the case of LeoBridge. (BTW Ethereum fees are now just $6 compared to what they use to be hopefully we didn't miss the boat on that one)

For full updates on this so far check out this article with more details

Posted Using LeoFinance Beta