LEO Liquidity Provider: LEO/HIVE for BXT VS BLEO/BNB for Cub (maybe a third option for 1UP?)
LEO is an amazing Token, and the Leofinance team is always on the lookout to make to project even bigger and better and the community is a top notch with many investors going deep on LEO and strongly believing in its potential.
If a member got some Liquid LEO, no time for curating and wants to make a passive income out of it, one of the solutions is Liquidity Provider.
I'll be going in depth into couple of the most lucrative options for pooling LEO:
SWAP.HIVE/LEO Pair on Beeswap
This pool is found on Beeswap at an APR at 66% you'll be receiving BXT as a reward.
Hive is safe to pool with LEO as it's relatively more stable than other Hive-engine tokens and LEO price is correlated to Hive thus a lesser risk of impermanent loss, in any case Hive price keep rising, you'll end up with more LEO than you initially had, which for some, can be considered a good outcome.
While the APR was at 120% a couple of days ago (because of the decrease in BXT deflation, more info here, the current APR is still decent compared to curating/delegating rewards (15%-20%).
Speaking of Beeswap: founded by Gerber, the owner of Dcity game and this application, created the Beeswap Token. You'll receive 50% of the fees generated from HIVE/SWAP.HIVE convertion by staking BXT token:
Currently, you'll receive Liquid HIVE divs (not SWAP.HIVE) at 73% APR. Pretty cool getting divs on your divs
Perks on using beeswap and BXT:
- Everything on the Hive ecosystem: No bridges and NO FEES
- BXT utility: Kind of double farming, BXT won't get dumped because of its utility and incentive to hold (Who doesn't want Liquid Hive ?)
- User friendly interface and easy to use Liquidity providers Pools: Stake and Unstake won't take more than a minute
- BXT is still new AND at its later stages of inflation: Lesser production and potentially more demands
You can refer to @chronocrypto post with a more detailed explanation and description of the Beeswap project.
PS: There is another pool: LEO:CENT, as far as I know, CENT is soft pegged at $0.01, so be considered as a stable coin. I want to get to know better about CENT before creating contents about it.
BLEO/BNB from Cubfinance
Cubfinance is one of the projects created by the leofinance team and did know a huge success and BLEO is the LEO token bridged to Binance Smart Chain.
Currently there is a single pool on Cubfinance to provide liquidity for BLEO: BLEO/BNB pair
This pair provides an APR at 79% and you'll earn CUB token as rewards and notice that half a million dollars liquidity is provided solely to this pair.
Most of leofinance investors and holders knows how amazing Cubfinance is, but I'll take the point of view of an investor on BSC:
- Cubfinance started since March 2021, a 9 months old project audited by CertiK and a fork of PanCakeSwap, is huge and proves how solid it is! 80% of farms on BSC doesn't survive for more than a couple of weeks and ends up being a Rug Pull or The Native Token gets dumped to zero.
- The APR is decent for both BLEO/BNB and CUB/BNB (110% APR) making it a decent farm for medium/long term.
- Digging a little more to find an Airdrop for CUB stakers on Polygon network (easy to bridge from BSC to Polygon) at a rate of 0.15 PolyCUB per 1 CUB over a period of 60 days: a smart way to airdrop to avoid a massive sellout and drop in price.
As a member of Hive ecosystem, having common knowledge about Binance smart chain is a MUST:
- Know how to properly setup a Metamask wallet
- Know to use the Bridge: to bridge LEO over to BLEO using https://wleo.io/bsc
- Be aware of FEES, you always need some BNB in your wallet otherwise you cant move your tokens/provide liquidity
- Be careful when providing liquidity for BLEO/BNB: Don't put ALL your BNB, again you need it for fees
- Impermanent loss still possible due to BNB price continuously going up (you end up with more LEO)
ONEUP/LEO Pool ??
At the moment of writing this post, look what I found (thank for letting me know @hollowknightgod):
@flauwy never fails to surprise us with great news! Currently ONEUP pools are providing decent APRs at 300% so expect this upcoming pool to have such APR when released!
Posted Using LeoFinance Beta
Let's get some more LP rewards then. o//
Great post as always, dude and glad I helped a little bit.
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I'm already in both ONE pools (SPT and Hive) and getting me great rewards. Hopefully the ONE:LEO will give decent ROI too!
Thanks a lot man for your encouragements :D
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Not at all, great content, keep it up !PGM
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Lately, I have been reading a lot about liquidity and its importance in a currency system. It was on accident. Slowly I am understanding a bit more.
Those 300% APR that the 1UP pools are providing are too good to be true but they are ROI.
One of the reason why I love liquidity pools is swapping your tokens for its current value and not losing too much value on the low liquidity general market.
Sadly those 300% won't stay forever :')
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