Kingdom Day: Cubfinance Converts All To Kingdoms
Cubfinance is a platform that @lbi-token opted to invest in. This is a DeFi application that is being built to provide terrific returns to those who invest.
This is right up lbi-token's alley. We look for steady returns over long periods of time.
@leofinance put out a post earlier today that detailed the change along with what it means to those token holders. What is interesting is the impact it will have on LEO. This is also of great interest to lbi-token since this account is one of the largest ones there is.
According to what was written, the tokenomics is going to be radically altered.
- Less CUB inflation needed to reward vaults (since multi-platform rewards generate yield + a small CUB multiplier as a bonus) - inflation on external vaults has been lowered by nearly 50%
- Ongoing management fees burn CUB sustainably vs. the old one-time deposit fee model
- Ongoing management fees generate liquid BNB rewards which can be harvested by CUB Kingdom stakeholders
- Multi-platform vaults pave the way for collaboration on many levels with other BSC platforms
- Autocompounding vaults generate higher APYs through efficient asset compounding
This is all good news. It is working towards sustainability. A lot of DeFi projects are destined to fail since the tokenomics are going to sabotage it. A case could be made that Cubfinance was on this path too.
Since we now have a more sustainable system, the long-term prospects look much brighter. The token price stopped dropping based upon recent announcements. We now see it moving higher in response, presumed, to the changes made.
The last couple weeks we also got a road map of what was going to be done on a daily basis. While the first one was delayed a bit, we see an update also released in the post.
The date of July 19th stands out off this chart. We will have to await the long-term outlook of Cubfinance. The key at this point is that the options available on the platform is growing. Being involved at these early stages should pay off nicely in the future.
We are still in the first year of lbi-token. It is important to keep the push forward to building a solid foundation. This comes from a steady return over time.
There is a new vote taking place which we are to decide whether dividends will be paid out each week or if the foundation will grow even more. Whatever the decision, we will see the basis grow each week. This is what compounding over time does.
We are focused upon long-term gains. This is the main focus of "Get Rich Slowly". The key is to keep growing things and adding to the total. Cubfinance appears to be on path to do it.
Cryptocurrency is an expanding world. Sometimes the best way to get ahead is simply to reside in a rapidly growing neighborhood. As the wealth is developed around us, we end up getting rewarded for simply being in the proper place.
As Cubfinance and Leofinance expand, it will help the holdings of the lbi-token account. The addition of Kingdoms to the platform is the first step towards lifting Cubfinance to higher levels. This will feed into the value of the LEO token, which is something that we are holding a significant amount of.
Over time, we are seeing the value grow and we fully expect it to continue.
Article by @taskmaster4450le
Posted Using LeoFinance Beta
A little bit of elaboration if you don't mind, please? I still have my cubs in the dens, any repercussions, since it's all going down to kingdoms?
Posted Using LeoFinance Beta
The better thing to do is unstake from the Den and stake in the Almighty Kingdom!
In Kingdoms, you don't need to manually claim and restake, everything is auto claimed and compounded.
Posted Using LeoFinance Beta
Yep, as Jarau said, it's best if move your CUB from the Den to the autocompounding Kingdom.
You have to manually unstake from the Den and put them into the Kingdom yourself, but from there your returns will be automated and optimised.
Posted Using LeoFinance Beta
Yeah, I finally did that here, thanks to you both.
Posted Using LeoFinance Beta
Noiceee :)
Posted Using LeoFinance Beta
I think leaving in the den also means you would not get BNB dividends also.
Posted Using LeoFinance Beta
Great news on the updates. I need to go vote on your proposal. I think we should do a solid year of growth. I'm not sure what everyone's rush to pay out divs is. Alot can happen.
BUIDL better IMO
Posted Using LeoFinance Beta
Do we have any update on when BNB dividends would start? I probably wouldn't earn much anyways since the amount I have in there is small compared to the current TVL in the kingdom.
Posted Using LeoFinance Beta
Yes. The new ETA is July 18
Posted Using LeoFinance Beta
Exciting times in the leofinance and cub with them updates. The team inspiring more confidence as they keep shaping the future with more developments.
Thanks for the reminder with Lbi proposal. Heading there ASAP.
After seeing this updated roadmap it makes me even happier that I decided to get involved in LBI and CUBLife. So many great long term opportunities to generate wealth there! If you hold LBI make sure you get out and vote on that linked proposal everyone!
Posted Using LeoFinance Beta
Moon soon TM
Posted Using LeoFinance Beta
ALways great news from CUB and LBI!
Thanks for the reminder on the proposal, I'll go take a look
Posted Using LeoFinance Beta
"We are still in the first year of lbi-token. It is important to keep the push forward to building a solid foundation."
This is why I hope the vote will go for 3 more months of base building. 🤞
more monies for the plebs, which is always great :P
Posted Using LeoFinance Beta
Slowly but good growing is the best key for sucsess
Posted Using LeoFinance Beta
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how you harvest BNB rewards on Cub?