How to Wrap HBD & Adding to bHBD-BUSD LP on Cub Finance
Some days ago, I sent bHBD to Binance Smart Chain purposely to add to the bHBD-BUSD farm on Cub Finance. I want to earn $CUB while making my HBD readily available. We never know when there's another pump.
But prior to adding liquidity to the pool, I needed to wrap the native HBD from my Hive wallet first using the Multi-Token Bridge and I'm sharing below how it is done.
How to Wrap HBD via the Multi-Token Bridge
For those who have never used the bridge, here's a simple guide on swapping HBD into bHBD:
Go to Leo https://wleo.io (MTB url) and click on bHBD.
Or go directly to https://wleo.io/hbd-bsc and enter your BSC wallet address and amount of HBD you want to wrap through the bridge, click on "Transfer." Check if everything is correct then approve the transaction on your Hive Keychain wallet.
Adding Liquidity to bHBD-BUSD Pool on CubFinance
After wrapping HBD into bHBD, you can now add liquidity into Cub Finance farm. Here's the process on how to do it:
Go to https://cubdefi.com/farms and connect your BSC wallet, click on "BHBD-BUSD" then "Get BHBD-BUSD"
It will redirect you to PancakeSwap where you can add the pair (BUSD-bHBD). Click on "Add Liquidity."
A new window comes up and you click on "Supply." Even if you only have bHBD, it will automatically convert some of it to BUSD when you supply liquidity.
Verify if everything is correct then click on "Confirm Supply."
Approve or confirm the transaction on your BSC wallet. (I'm using Metamask) on this guide.
When the transaction goes through, go back to Cub Finance farm (https://cubdefi.com/farms) to add the liquidity. If it's your first time to add to the pool, click on "Enable" to give permission to CUB Finance to access your wallet.
Then click on the plus sign (+) and then Max and confirm adding liquidity.
Confirm further on your BSC wallet and you're done when the transaction goes through.
Congratulations! You are now going to farm $CUB through your added liquidity. All you have to do is harvest perhaps once a week or longer to save on transaction fees.
I believe $CUB is something not to be missed. Not an investment advice, of course. DYOR. As of this writing, the pool's APY is at 34.30% and this may change as the liquidity increases.
If you have any questions, please feel free to ask them away. Cheers!
Images obtained from the Multi-Token Bridge, CubDeFi and PancakeSwap. No copyright infringement intended. 190922/20:00ph
Posted Using LeoFinance Beta
The odds look really cool. Such high income with stablecoins is unbelievable. Thanks for the guide.
Posted Using LeoFinance Beta
Sorry for this late reply, can't believe I missed this :) Thank you too for coming by :)
Posted Using LeoFinance Beta
It doesn't matter at all. But seeing it after a week and still not leaving it unanswered is a really great gesture. Thanks!
Posted Using LeoFinance Beta
Thank you for being so awesome :) Cheers and have an amazing weekend to you :)
Posted Using LeoFinance Beta
Thank you and you too have a great weekend!
Posted Using LeoFinance Beta
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.
Thank you lots :) I appreciate you.
Posted Using LeoFinance Beta
Yay! 🤗
Your content has been boosted with Ecency Points, by @ifarmgirl.
Use Ecency daily to boost your growth on platform!
Support Ecency
Vote for new Proposal
Delegate HP and earn more
Congratulations @ifarmgirl-leo! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next target is to reach 1000 replies.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOP
Check out the last post from @hivebuzz:
This is a great guide for wrapping CUB and adding liquidity to the farms! Do you mind if we use this for a tutorial compilation we are putting together?
Great post and congrats on getting a decentralized curation vote this past week, keep this kind of posts coming!
We invite you to check out the latest initiatives by @leogrowth:
Posted Using LeoFinance Beta
Thank you lows and please feel free to use it on your compilation, it would be my pleasure :)
Posted Using LeoFinance Beta
And oh yes, my article for the "Then & Now" will be coming out later today :)
Posted Using LeoFinance Beta