LEO Finance expands on multiple directions and strengthens this financial ecosystem

LEO Finance ecosystem brings together a suite of applications, tools and sites that aim to fuel LEO token and its derivatives, whether on HIVE blockchain or other bridged ones like Ethereum or Binance Smart Chain (BSC). New use cases are rushing in and bring more users and value for LEO Finance which starts establishing itself as a financial community with roots into the crypto world. Serving the community is at the base of everything is developed and it fuels everything around.

The expansion occurs strategically and many projects are developed at once with specific goals in mind. Just a short time ago we witnesses the release of LeoFi on HIVE blockchain which aim to enable leasing and later on landing on second layer tokens (hive engine powered), but also for HIVE itself. This is tremendous for LEO Finance ecosystem as the fees from this financial transactions will be used for burning LEO and improving its price, but also for the other communities which will have a tool at their fingers to extend user's use cases with their own tokens. And as all of these are hive engine based probably they have the same contract behind and will be easy to enable them. The HIVE contract for leasing and lending will probably be enable later on, but what an impact will have when it will go live.

The other direction chosen by LEO Finance is to develop smart contracts and dive into the DeFi world by enabling users to great more value for their money. CUB Finance is the platform and application for doing so and is well established within the Binance Smart Chain with a current TVL of more than $13,000,000 spread across different Dens, Farms and Kingdoms. And there is excitement floating in the air as on 30 August 2021 we'll have the first IDO launched - CakePop which aims to raise $250,000 from which half will be CUB and will be burned. That should have an impact in the CUB price that should rise. We'll just need to wait and see how much, but for sure it should paint the picture of what is to come.

With just these two launches I think new roads are opened and with them value will keep on coming while having the smart contracts running on. I foresee low maintenance as the hard work was probably done so with that in mind the value captured should simply grow from here on. These dapps are fueling the entire LEO Finance ecosystem and as other did so far will support the growth from here and with it a better price of the community tokens - LEO and CUB. I am a holder of those and I must say that I didn't sell any even if I didn't invested to much either, but earned through my participation and content creation on the platforms. With that in mind I think great times are yet to come for this ecosystem, don't you?

Posted Using LeoFinance ^Beta