The link between Cub Finance (CUB) and LeoFinance (LEO)
Discover the way in which Cub Finance (CUB) and LeoFinance (LEO) are forever linked.
By now, there’s no doubt you’ve heard that Cub Finance is the sister project of LeoFinance.
While LeoFinance started as a web3 social media platform known as Medium on the blockchain, the overall project has grown into so much more.
With a mission of continuously expanding the Hive community’s userbase and adding cross-chain value for its token holders, the move into BSC-based DeFi with Cub Finance was a logical next step.
This section of our Cub Finance (CUB) guide will discuss the role of each version of the LEO token and how to then easily wrap into bLEO for use on the platform.
The LeoFinance suite of tokens
When it comes to tokens within the Cub and LeoFinance family, everything goes through the LEO token.
The LEO token
LEO is the native token of the entire LeoFinance ecosystem.
Its distributed via a rewards pool system similar to HIVE and is used to pay users for publishing and curating quality content on leofinance.io.
Natively a Hive layer-2 token with a home on the Hive-Engine exchange, LEO also acts as a bridge to other blockchains.
The wLEO and bLEO tokens
This bridge is achieved via wrapped tokens such wLEO to Ethereum and bLEO to Binance Smart Chain.
Wrapped cryptocurrencies allow you to use tokens on blockchains to which they are not native.
Thanks to wLEO and bLEO, members of Hive’s LeoFinance community are able to seamlessly cross to the Ethereum and BSC blockchains, taking advantage of external dApps such as DeFi platforms.
The CUB token
With a bridge to Binance Smart Chain completed by wrapping LEO into bLEO, this is where the Cub Finance DeFi application and CUB token come into play.
Cub Finance allows Hive’s LeoFinance community to seamlessly access DeFi-based smart contracts on BSC, exchange tokens, provide liquidity and earn fees in return.
All facilitated by the BEP20 CUB token used to enable use and reward liquidity providers.
How to wrap LEO into bLEO to use on Cub Finance
Wrapping LEO into bLEO allows you to move from the Hive blockchain based LEO, to the Binance Smart Chain based bLEO.
Opening up LeoFinance community members to the exciting world of yield farming on the low-fee Binance Smart Chain.
Add bLEO as a custom token to MetaMask by clicking the “Add Token” button and pasting the bLEO contract address (0x6421531af54c7b14ea805719035ebf1e3661c44a).
Open the gateway between LEO and BSC.
Copy your BSC wallet address from MetaMask and paste it into the “LEO to bLEO” box.
Enter how much LEO you would like to deposit, remembering to allow for the 1 LEO gateway fee.
Confirm the Hive blockchain transaction via Hive Keychain and your tokens will be routed to your BSC wallet.
Ultimately, everything is about the LEO token
This section of our guide to Cub Finance (CUB) has shown how the LEO token is central to facilitating the link between Cub Finance and LeoFinance.
The Cub Finance platform has pushed LeoFinance closer to achieving its mission of expanding the Hive community’s userbase, while adding value to LEO token holders.
In the end, everything is about the LEO token.
By offering FREE yield to the bLEO:BNB LP, Cub Finance adds real value to the LEO token.
Best of probabilities to you.
Direct from the desk of Dane Williams.
Why not leave a comment and share your thoughts on the link between Cub Finance (CUB) and LeoFinance (LEO), within the comments section below? All comments that add something to the discussion will be upvoted.
This Cub Finance (CUB) blog is exclusive to leofinance.io.
Posted Using LeoFinance Beta
Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism
It has nothing to do with your post. But, Let's me ask an advise.
To whom should LEO Power be delegated to make a good profit?
It depends. As of right now I can think of the following options
Posted Using LeoFinance Beta
Hey Tin,
I just replied to this on your latest post.
All the best!
Posted Using LeoFinance Beta
The direct connection between Leo and Cub creates a synergy that makes investors on both platforms add value to both projects. In such a way that a large % of the Leo community supports CUB by investing in its yield farming to obtain dividends as a reward even in BNB, in the same way that people who invest in Cub without being members of Leo end up being it, considering the enormous potential it offers them, especially by adding value to the community due to their own knowledge or experiences. There is still a long way to go but the bases are very well established. I find added values to these two projects that in comparison with many others do not have them.
Posted Using LeoFinance Beta
The LeoFinance team and community are a huge advantage for Cub Finance.
Not only do you have access to support, but a whole range of other ways to earn crypto on top of your yield farming.
In my opinion, the link between Cub Finance and LeoFinance is a unique selling point that needs to be promoted more.
Posted Using LeoFinance Beta
The bridge is a great thing. By earning LEO on LeoFinance, they can start their journey on Defi. The HIVE earned can then be spent on BSC bridge to get some BNB for gas fees.
Posted Using LeoFinance Beta
Just to be clear, the BSC Bridge that you've linked here is another 3rd party bridge that users can use to buy BNB directly with HIVE.
This is not to be confused with Cub Finance's LeoBridge which uses LEO to bridge ERC20 tokens to BEP20 tokens and vice versa without permissions.
But yep, to use Cub Finance, you need BNB to pay gas fees on the Binance Smart Chain network.
For Hive users who have liquid HIVE and just need a small amount to pay fees on Cub, that tool is handy.
Posted Using LeoFinance Beta
There is no doubt that cub finance is a good project.
I am also sure the project has use case, the only problem I see is awareness about the project
The crowd on cub finance is too homogenous.
I won't be surprise if more than 50% who use cub are on the hive blockchain
Yep, I totally agree.
The team needs to do what everyone else does and pay for marketing.
There's no getting around it.
In the meantime, we can play our small part by publishing SEO optimised content targeting a range of BSC and DeFi related keywords.
That's what our Cub Finance (CUB) guide is all about.
Posted Using LeoFinance Beta
What's the difference between the wleo and bleo.
Are all not from leo finance token
Posted Using LeoFinance Beta
There is only 1 LEO token.
wLEO and bLEO are simply 'wrapped' versions of LEO that allows you to use the functionality on other blockchains.
wLEO is an ERC20 token for use on the Ethereum blockchain.
bLeo is a BEP20 token for use on Binance Smart Chain.
Posted Using LeoFinance Beta
Thanks for the explanation
Posted Using LeoFinance Beta
Hello, I am sorry for the offtopic comment.
I am getting downvotes from a user and it seems he is spamming the negative vote to my every content.
Initially, I thought that it was because of my content but it is getting annoying now. I was surprised that many other users are getting the same issue.
Could, You please tell me the way I can report that to the mods? I try to mute him but he is still able to react to my articles.
The worst thing is that IDK why but his downvote has a big impact on the SEO.
This is the link to his profile:
https://leofinance.io/@anddumbcunts
Again, I am sorry for the off-topic reply. I hope you understand.
THANK YOU!
Posted Using LeoFinance Beta
You can't.
Let me go over how Hive works.
There are 2 issues here.
Content:
Content is published to the immutable Hive blockchain and then front-ends such as leofinance.io can choose to display what they please.
On LeoFinance's front-end, he looks to already be muted.
His content is not censored at the account level and he is not banned.
No matter what, everything he writes is still published to the Hive blockchain and can be displayed by other front-ends who don't view his content as spam.
The system is working as designed.
Rewards:
But I don't think you really care about his content, you care about his voting habits affecting your rewards...
However, there is nothing you or anybody else can do about this.
Hive is a decentralised platform with a system of stake-based voting to distribute rewards tokens.
As this user has staked HIVE (including delegations he has 450ish HP), he can freely use this stake as he pleases to distribute rewards.
In his opinion, that is best done by putting everyone on an auto down-voter with his stake.
Nobody has the power to take this away.
I know this is not what you wanted to hear, but it's the harsh reality of the decentralised Hive blockchain's stake-based rewards system.
If you want someone you call boss to be able to ban another equal user simply because you don't believe in what they're doing or saying, then Hive isn't the place for you.
It doesn't.
SEO has nothing to do with the Hive rewards system.
Posted Using LeoFinance Beta
I understand that it is a decentralized platform and no one can be stopped to post but the leofiance front end is not allowing his transactions to be broadcasted neither the hive.blog is allowing it.
But @ecency is allowing his transactions to be broadcasted into the network and he is exploiting that.
|For his post or transactions to be broadcasted into the network, the layer over the Blockchain have to send the transactions to the network.
And the front end should have some restrictions i.e ecency, similar to the leofinance and hive.blog.
And talking about the SEO, I mean to the post engagement, I am trying to understand the way it works here, and accordingly, from my past experience the upvote and downvote have a positive or negative impact respectively.
His downvote impact is higher because of his stake and it stops the content from reaching to more audience just after that.
I have another question, Can I stop my post from being posted on ecency platform? I think this will solve because he is using ecency?
I don't think that's how it works...
Go and take it up with Ecency or the LeoFinance tech-support channel in Discord.
Posted Using LeoFinance Beta
I've tried explaining it to him also. He just doesn't like what he is being told about how a decentralized platform works. Seems he would be happier on Twitter or Facebook.
Simply great!
First I'd like to thank you for your post. I have used $LEO in the past to bridge to and from Hive and BSC, but it was something more instinctively than actually getting consciousness on the great value of the $LEO token.
Most of my capital lies within BSC so to put it inside Hive in the past, I used to send it to my Binance account, there I've bought some $HIVE and then I withdrew it to my Keychain & lately HE account. Quite a ride!
Now thanks to $LEO token, I just have to buy some bLEO in CUB Finance and bridge it directly into LEO and voila!. One awesome use case for $LEO token.
I sincerely hope that more and more people find LEO useful and the ecosystem to grow much more in the years to come.
- EvM
Posted Using LeoFinance Beta
It feels like we talk in our own little echo chamber on Hive...
Because that's exactly what we have been doing!
But thanks to LeoFinance and the ability to move into bLEO on BSC, we're finally opening up to the world.
Awesome to hear a real story about how the link between Cub Finance and LeoFinance is helping us escape the Hive bubble :)
Posted Using LeoFinance Beta