This Week in LEO | LeoThreads Microblogging, Lightning Updates, CUB V2, POLYCUB DAO

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Welcome to this week in LEO. We'll be covering all of our team's developments over the past week and look at some KPIs (key performance indicators) for the LeoVerse.

In recent months, we've onboarded a ton of new devs. The progress we're making on new features and updates to existing platforms is unprecedented. Strap in, things are about to get crazy 🦁

Development

  • LeoThreads
  • LeoMobile
  • LeoLightning DB
  • POLYCUB V2
  • CUB V2
  • Multi-Token Bridge UI Update

LeoThreads

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Microblogging is coming to Hive! LeoFinance's UI is about to get a major overhaul which includes the Microblogging release and a ton of new features.

ICYMI: we've been talking about LeoThreads for a few weeks now. Most people on Hive have heard of Project Blank.

Our team has been building toward ProjectBlank for about 18 months now. What you see here with LeoThreads is the culmination of literally 18 months worth of work.

To get to this point, we needed to accomplish quite a few big ticket items. Namely, the backend infrastructure to handle something on the magnitude of project blank.

LeoThreads serves two primary purposes:

  1. Introduce the incredibly valuable feature of Microblogging to LeoFinance - changing the way we all use and interact with LEO on a daily basis
  2. Test our infrastructure leading up to the release of ProjectBlank and find ways to scale up while being live in production

As of right now, a very limited group of people are testing LeoThreads and getting it ready for production release.

Our development pace has reached unprecedented levels. Our team is working overtime to try and get LeoThreads released by the end of this month or early next month.

This past week, we spent a lot of time doing bug fixes and also working on the mobile framework. We've got about 8 items left that need to be fixed before we believe that the MVP - Minimum Viable Product - is ready to go into Production Release.

LeoMobile

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LeoMobile V1 is live in the Google Play Store. As of right now, we're still awaiting IOS App Store approval.

IOS is known for taking forever. If you have an Android device, you can go to the link above and download LeoMobile.

If you're on IOS, then you can still use LeoMobile Beta by downloading it on Testflight. This gives you full access to the app before its released to the IOS App Store.

As many know, we've released Community Pages and Threads are about to be released on LeoDesktop.

LeoMobile is also being updated to handle Community Pages and Threads. There will be a massive overhaul to the Mobile UI in order to make this possible.

LeoMerge is a process we've talked about at length. We're working on merging the Mobile and Desktop databases and frameworks into one. This will allow much more vertical development and faster feature releases (as we won't have to work on updating/adding to/maintaining two separate databases).

LeoLightning DB

LeoLightning DB is at the heart of Threads. It runs everything on LeoFinance.io and LeoMobile. This database has already been merged and it's been running smooth for the past few weeks.

Remember when LeoFinance had intermittent downtime a few weeks ago? That was when we were merging Lightning for mobile and desktop.

Now that those kinks are worked out, we started developing and preparing LeoLightning DB for the LeoThreads release.

Lightning is essentially a second-layer caching database. It allows us to do a lot of things on LeoFinance - namely, speed up actions on the UI. Instead of waiting for the blockchain confirmation time ( 3 seconds, on Hive), Lightning DB is able to instantly deploy actions and speak to the Hive Blockchain in the background.

This gives users the experience of Web3 with the speed of Web2.

With Community Pages, we deployed a whole new set of operations to LeoLightning DB that made it possible to have multiple Moderators selecting content for curated feeds on each Community Page.

The real difficult challenge with CPages was scaling Lightning up to handle all of this data.

This challenge, however, is what led us to being able to deploy LeoThreads in the coming days/weeks.

LeoThreads requires A LOT of scalability from Lightning. CPages development led us down a path of achieving that scalability and preparing for LeoThreads deployment.

Once LeoThreads hits production, LeoLightning DB will become a major focus for our team - we'll be monitoring it closely and scaling it up as people use LeoThreads to Microblog.

PolyCUB V2

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PolyCUB V2 has officially been live for 1 week now. We've released the Multi-token Bridge, PolyCUB DAO, VexPOLYCUB, V2 Vaults and more.

The POLYCUB V2 update is centered around bringing a massive level of sustainability to the platform.

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The vexPOLYCUB Vault just hit over 100k xPOLYCUB staked in it. At current prices, this means that ~$6,000 worth of POLYCUB needs to be purchased each month by the PolyCUB Protocol in order to pay the 20% fixed annual yield to vexPOLYCUB holders.

Buy POLYCUB, stake it as xPOLYCUB, then lock it as vexPOLYCUB and earn a 20% fixed yield.

As the POLYCUB price goes up, the amount of POLYCUB purchased from the market (in terms of tokens) decreases while the amount of $$ needed to purchase POLYCUB increases.

As the POLYCUB price goes down, the amount of POLYCUB purchased from the market (in terms of tokens) increases.

This creates a sort of self-equalizing system for POLYCUB. When price is high, less POLYCUB is bought and removed from the liquid supply.

When the price is low, more POLYCUB is bought and removed from the liquid supply.

CUB V2, Phase 1

Phase 1 of the CubFinance V2 release is officially live! This was somewhat of a soft-launch - we haven't posted any announcements about CUB V2 yet because of the HBD and HIVE pump over the weekend.

That pump caused a lot of people to dump their liquid HBD and HIVE which obviously isn't the best news for launching new vaults.

That being said, we already had the updates queued up to release the V2 vaults on CUB and didn't want to delay the launch.

We decided to soft-launch CUB V2 and release the vaults first without announcements.

If you're reading this, then you can visit the new LeoBridge UI and wrap HBD and HIVE to bHBD and bHIVE and provide liquidity on https://cubdefi.com/farms.

The release of these new farms signals phase 1 of CUB V2. Phase 2 is on the way and will feature a lot of the things you see on PolyCUB.

One of the key differences for POLYCUB and CUB is the way that Multi-Token Bridge Revenue is deployed:

  1. on POLYCUB, the MTB revenue buys POLYCUB and distributes it as 20% fixed APY to all vexPOLYCUB stakeholders
  2. on CUB, the MTB revenue buys CUB and burns it permanently from the supply

The current amount of CUB burned is about 500k (you can see the real-time figure on https://cubdefi.com).

We're projecting that we'll burn about 500k CUB within the first 1-2 months of CUB V2.

That's more CUB burned in 1-2 months than the entire history of the platform. All thanks to MTB Revenue.

Obviously, this has a similar self-equalizing system as POLYCUB - as the CUB price goes up, less CUB tokens are bought with the MTB revenue (because the price is higher per unit).

As the price goes down, the MTB revenue stays the same so it buys more CUB (per unit) and burns it, removing it from the supply forever.

It's pretty amazing to speculate on what will happen to CUB. Many of us have been waiting for this moment for a long-time.

Owning CUB for the past 16 months since it first went live in March 2021 has been a rollercoaster ride of a journey but CUB was never forgotten.

We always intended to release features on POLYCUB and then port them back to CUB when we landed on a sustainable model of value accrual.

That day has officially arrived, make sure you go and wrap some HBD and HIVE and provide liquidity to get more CUB burned.

About LeoFinance

LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

Our mission is to put Web3 in the palm of your hands.

Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io

Our Hive Applications

Join Web3: https://leofinance.io/
LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
Hivestats: https://hivestats.io
LeoDex: https://leodex.io
LeoFi: https://leofi.io
Polygon HBD (pHBD): https://wleo.io/hbd
Polygon HIVE (pHIVE): https://wleo.io/hive

Web3 & DeFi

Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:

CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
LEO Wrapping Bridge: https://wleo.io

Posted Using LeoFinance Beta



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29 comments
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LeoThreads Microblogging is the next excitement for sure in leo and I look forward to it. Other stuffs are also very good but I am more excited for this one. Great update team,

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I don't think any other team is buidling harder during this bear season!

Way to go guys always keeping it fresh and improving.

Posted Using LeoFinance Beta

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Yip, not just empty soons! There’s a ton of work being done behind the soons!
🖖🏼😎🤙🏼

Posted Using LeoFinance Beta

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Thank you WU!

Most people can't see passed the next 10 minutes. Our community has had to endure and see for the next 10 years. 18 months to build ourselves to this point. To get to the place we needed to be in all aspects of the business.

It's incredible and I'm so excited to see this come to life!

Posted Using LeoFinance Beta

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Leo have been really impressive with the initiative they showcase in the community which is really awesome and a work well-done to appreciate that really attracts new users to participate and benefits from the platform

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I have been offline for a while and a really missed post from Leo Finance. Glazing thriugh today post, it showed the team are doing a great job with the initiative they showcase in the community and even in the bear market, which will attract more investors into the project

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I am always impressed by Leofinance's dedication and constant evolution! Let's go!

!PIZZA

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(Edited)

PIZZA! PIZZA!

PIZZA Holders sent $PIZZA tips in this post's comments:
@jacuzzi(10/15) tipped @e43 (x1)
shiftrox tipped leofinance (x1)

Join us in Discord!

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Amazing progress! Bear markets are so exciting from a developing perspective. Can’t wait to see all of your hard work bear fruit in the bull market

Posted Using LeoFinance Beta

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Owning CUB for the past 16 months since it first went live in March 2021 has been a rollercoaster ride of a journey but CUB was never forgotten.

True True 👍🏽 and the v2 announcement … wait what? did he just say CUB v2 and stuff? 😁 … was a really nice surprise!
🖖🏼😎🤙🏼

Posted Using LeoFinance Beta

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Many of us have been waiting for this moment for a long-time.

yeah,... long time.
You could not say it better.
1.5 year waiting, day-after-day.
1.5 year in crypto is ...IDK... you name it by yourself.

.
BOOM1.jpg

toruk_washere_new3leo.jpg

Read how this all have started with Toruk

Posted Using LeoFinance Beta

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Tens of thousands of dev hours culminating to one long-term goal

Some can see that vision, others can't.

We all get to see who has held belief and who hasn't based on LEO stake. Many dumped it all for short-term greed over a few $$, others see that a $800k market cap token could become $800m with the right long-term vision.

I'm here for the next 10 years, they can be here for the next 10 minutes. Doesn't bother me ;)

Posted Using LeoFinance Beta

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The direction is just golden, very looking forward to seeing everything in motion!

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That's great news on a lot of levels.

I'm really excited for threads and projects blank.

I've been buying CUB all the way to the bottom and would love to see the price reverse it's current direction.

Hopefully as the team gets the cub site back on track we will see more bridges built and even get the swap feature back on the site to generate even more fees to buy back CUB from the markets.

Posted Using LeoFinance Beta

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It's really a good move but I don't think a lot of people have enough courage to do it, including me :)

Posted Using LeoFinance Beta

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The all I want to say is that I love you @leofinance Thanks for being in my life and helping me everyday to grow up as a crypto lion and hiver. Accept my heartiest gratitude, your every updates are awesome to experience, I wish this platform more success. Stay blessed the leo team.

Posted Using LeoFinance Beta

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Loving this evolution!!! I haven't owned cub for 16 months but I definitely am waiting for value to go up.

By the looks of it we've got both polycub and cub set to go up once the market rurnes around.... as long as people get what's going on with what you've done here #leofinance!!!! Thanks for all your work, now we have to get out there and add liquidity to make it work even more.

Also I'm excited to try the Leo Twitter... Sorry Leo Threads!

Posted using LeoFinance Mobile

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Nice update, but just an FYI - Microblogging was already on HIVE for a long time @dbuzz (https://d.buzz/). They have been rocking the short form content for a few years now.

Again, congrats on the launching, however. :)
!pizza !luv

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You forgot about Zappl?

That once upon a time tried to do an ICO where they claimed to be worth $30000000 and only accepted minimal $10,000 buy ins.

Micro blogging isn't revolutionary on Hive... and actually not a great idea imo because there is not enough users here to generate interest for it and neither zappl nor dbuzz or threads look at all polished enough to compete with the almighty Twitter bird.

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I dooo remember zappl. Ahh, the good old days when hive was $ 0.15... memories.

But yes, I agree that more users are needed, onboarding streamlined, and more social media reach.

I do work with the DBUZZ team, so I am a bit bias, but I think DBuzz from Twitter is a eash transition as they are both sorta the same.

Dropping you some hot !PIZZA and !LUV on this post!

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It’s great to see stablecoin pairs with Hive ecosystem token HBD on Polygon and now on Cubfinance. I agree those pairs could pay handsomely over one year with very little risk other then the volatility of HBD.
Question:
What do these HBD pumps do to the HBD-BUSD LP investors? Do they lose money due to impermanent loss?

Posted Using LeoFinance Beta

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I don't think HBD-BUSD LP investors lost money due to impermanent loss. It just gains less than holding purely HBD (HBD gains 200% then LP gains 60%). But most of HBD holders will put their HBD in HBD saving and HBD holders probably don't get any benefit from this pump.
And frankly speaking, no one expects this pump so no one lost due to this pump

It's just my opinion :)

Posted Using LeoFinance Beta

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Leo threads is hot and when it will come to fruition it will energize this entire ecosystem and Hive blockchain as well. I think it will make a killing in this space by tapping into the 2,411,381 user base that is currently on Hive blockchain. Thus any app built here has the potential to benefit from already established communities and user base.

Posted Using LeoFinance Beta

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The success of a project sometimes requires proper planning and that is what the Leo finance team has shown so far, I'm happy to be part of this and with the way, all the developments are rolling in you have done a great job.

Posted using LeoFinance Mobile

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