Kingdoms and a Bridge. Cub and Leo Continue to Innovate...
I'm still processing the update Khal and Co. put out yesterday. It is loaded with a lot of great information and really lays out some of the exciting things happening behind the scenes. Yesterday, I talked about Cub and it's uncanny resemblance to early-days Uniswap. As I said, that's probably a bit bold of a comparison but...is it? I'm not so sure. Let's look at the next piece to the puzzle coming our way.
Cub Kingdoms
This sounds amazing to me. As some of you know, I'm a bitcoin hodler. I don't have much, but I keep stacking sats on a regular basis with a couple small weekly autobuys. I just happen to think it's going to a million at some point so buying even small amounts at these levels can 20x or more down the road. The reason I bring this up is because I do not want to sell my bitcoin. Ever. I want to hodl it until it hits that million dollar price tag and then I want to live off of the interest. It will be a modest living at this point but I can supplement in other ways and quit working my regular job. Gotta have goals, right? :-)
I would also love to own more Cub as well, but I'm not going to sell my bitcoin to get it. It's too expensive to buy it back for one thing. Just my rule. Everyone can have their own. Anyway, Kingdoms will be offering me a way to kill two birds with one stone.
According to their update yesterday, I will be able to put some bitcoin in a "Kingdom Vault". So, just like we're now able to put BTC in a "den" (or CUB or ETH or DOT) and receive a "yield" paid to us in CUB, we will now be able to use a "vault" instead. This vault will then take the capital pooled inside of it, and through an audited smart-contract, will basically stake it on another platform yet to be determined. Could be Pancake, could be Goose, etc. Like I said, it's still to be determined.
Now that it is staked on that platform, it will earn that platforms token as a yield (CAKE, EGG, whatever). At the same time, it will be earning CUB as a yield from Kingdoms. It will then automatically sell the other platforms earned tokens and convert them into bitcoin (or ETH or DOT or BNB...whatever you're using) and add it to your current stake.
So, in a nutshell, you will be able to grow your bitcoin by earning interest IN bitcoin at the same time you grow your Cub. How great is that?! No need to sell your bitcoin. Put it in a vault instead and basically earn double the interest. Can you do that on Uniswap?
Now, I don't know how this works. I'm not a dev. I trust that Khal and co. DO know how this works, else why would they be building it, right? This goes back to that 2-plus year track record they have of building and delivering. Am I going to take my entire bitcoin stack and put it in this vault? Of course not. It's crypto. But I'm certainly going to put in some. More bitcoin and more Cub, while I sleep, while I work, while I....curate.
So, every time I get online to comment and curate, I will be earning CUB, BTC, LEO, and HIVE while I write. I think I could have some pretty good days here. lol But that's not all. There is also...
LeoBridge
I've written about this before and nothing the devs said yesterday has changed my opinion about it. This is truly another innovation that very few, if any, platforms have. The ability, with a single click, to move money from the Ethereum chain to BSC and vice-versa. Many of us who have taken our first foray into the world of defi with Cub know how complicated, and downright scary, it can be to move our money from metamask (or other wallets) over to the BSC side.
There are like 10 steps. Wallet to BinanceUS. Convert to Busd or BNB. Move that to Binance Chain Wallet. Convert it to BSC. Move that to metamask BSC. Then buy what we want. Then convert to LP. Then stake the LP in a farm. Every single one of those steps feels like you're one click away from screwing something up and losing your money. The first time I did it I was so lightheaded from holding my breath at each step I almost passed out. lol Seriously, it's ridiculous.
LeoBridge does it with ONE CLICK. ETH to BNB? Click. Done. UNI to BUSD? Click. Done. Any ERC20 token to any BSC token? Click. Done. All for a tiny .25% fee which will burn both CUB and LEO. Honestly, I want to buy more Cub right now but I've been putting it off because of this process. And I know how to do it! Hell, I even wrote a tutorial on it. lol I'm not kidding. It's that scary. I would rather leave my money where it is than risk getting it stuck (which happened) somewhere in transition or doing something wrong and having it be lost.
LeoBridge solves all of that. When you consider that more and more users are finding their way to the cryptosphere every day and a lot of them are NOT computer savvy, the implications of this one innovation could be massive. One click! What could be easier than that?
As I've also said before, if I'm going to transfer potentially thousands of dollars across a "bridge", I'm going to do a little research into the bridge maker first. And what will they find when they do? Leo Finance. Cub Defi. Hive. And all the articles they could ever want on what those three entities are about. Plus, a passionate community willing to help any who come asking.
The synergies of LeoBridge, CubDefi, and CubKingdoms are amazing. They all feed into each other. Couple that tech with the community writing about it and explaining it all and we have the makings of a major expansion of the entire Hive ecosystem.
Will everyone who uses the bridge come on board? Of course not. But some will. And those people know people who have never heard of this place either. And then they'll take a look. Slowly but surely I expect this platform to grow organically at the same time the TVL and the LeoBridge pick up steam. In the meantime, we all get to keep commenting and curating our way to rewards while they keep burning more and more Cub and Leo. Everybody wins.
After a couple months, I expect the TVL will take some big jumps. $100M? Maybe. I also expect that Cub and Leo both will appreciate in price some. LeoBridge will start gaining some press. Cub Kingdoms will settle into how they want it to work and look and new contracts will slowly be added. LeoFi will either be launched or we'll at least know more of the specifics. In other words, the infrastructure will be in place and the process of fleshing it out will be ongoing. And then do you know what happens?
ProjectBlank.
And this place will never be the same.
Thanks for reading. If you like the content, please consider a comment and an upvote. I will happily reciprocate.
As always, I am NOT a financial advisor and this is NOT financial advice. These are my opinions. Cryptocurrencies can and do go up and down and you could lose all of your money. Do your own research.
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LeoBridge could be an innovation that sets things apart. Sometimes getting to market early is all it takes. Since it appears it will be the first of its kind, we are going to see a mad rush of people using it.
Hopefully Khal can get it certified very quickly too. That will make things a lot more viable.
It is exciting to see what the next month will hold.
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Yes, this could really be a major score in the entire crypto world. Seriously, there is the potential for almost every single user of crypto across the planet to utilize this tool. It won't happen overnight but then again, it might. With BNB mooning and BTC and ETH again making new all time highs, there is a LOT of money being created everywhere. Fees aren't going down on ETH anytime soon. And Binance is taking advantage of it by continuing to offer fast, cheap transaction. They actually just cut their fees the other day. It just makes sense that people are going to want to come over. It's going to get very interesting around here....
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Yea it seems to be great but I have no idea how it generates all the returns. I know it will replace certain existing dens so I guess the APR will be similar (since CUB per block won't change). It just seems too complicated so I don't expect it until June probably.
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That's rather pessimistic. lol The LeoFinance article talks about the complications and what they've had to do to overcome them. But it also says they have overcome them and Kingdoms could be out as soon as the end of this week. I doubt they'd say that if June was a possibility.
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I tend to gravitate towards June as a deadline so I don't get disappointed. Project Blank was suppose to come out Feb/March and I want some time next month to stack some LEO and turn it into CUB.
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They're making moves at an extraordinary pace! They've proven before that they're capable of creating amazing things (Leofinance) and now Cub / Defi will be the masterpiece. Also can't wait for project blank to be announced 😁
What is the TVL?
TVL=Total Value Locked. That's the number that shows how much money is staked in the dens and the liquidity pools on CubDefi. The more money locked, the higher the liquidity, the stronger the platform. The devs think that Kingdoms and LeoBridge can help take the TVL from it's current level of approximately $20M to over $100M. Incidentally, Uniswap has almost $8 Billion in TVL so you can see there's a lot of room to grow that number.
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Thank you for the explanation. I googled it but didn't find anything that would make sense on the context. Uniswap also receive huge financial backing for their project which CUB didn't so growth might take a little longer in cubs case. Either way I'm positive that CUB will be huge
Yes, the funding is great. But the technology is the most important piece. It seems like Cub is putting the technology in place to be able to compete with anybody. And because they didn't get all that funding, that means there are no venture capital funds out there that own huge stacks of Cub tokens that they can dump onto the market at some point. Last I checked, about 50% of the Cub tokens in existence are staked in the den and the majority of those are held by "diamond paws". lol
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You're right about that! I'm one of those diamond paws 😅
What? How can this jewel have so few comments?
This article was like watching a Neil deGrasse show explaining the theories of relativity, I loved it.
And that's why I'm thinking about investing in LEO CUB and also keep creating content in leofinance, since LEO will probably follow an upward trajectory, maybe reaching $10, so what I can buy now will be worth it enormously.
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You're preaching to the choir. lol I'm continuing to post and curate as much as possible to grow my stake for when things really start moving here. The tokenomics on both Leo and Cub are such that if and when any of the innovations tap into the mainstream consciousness, we could see a huge pump in a hurry. Just trying to be prepared. And if it doesn't? More curation and voting power and I'll take the steady progress as the devs keep building the infrastructure stronger and stronger. To me, it's only a matter of time.
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I will also do what you say, as it will result in many benefits anyway.
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I have used a couple of bridges for other currencies and I have been really happy with the way they perform. I think that the one they are building here will be just as awesome if not better.
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I would think you're right. They continue to promise and then deliver on their promises. They think this could be huge. I sure wouldn't bet against them.
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No way!
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I missed the update Khal and Co. put out yesterday, but you broke it all out very straight forward and easy to understand. Thanks for laying it out so even a novice like me can understand the value they are building.
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Not a problem. Exciting stuff like this is pretty easy for me to write about. I can see the potential and it makes me want to make sure everyone else can as well. It's like sports. I've won a few things here and there individually. And it's fun. But it doesn't even come close to winning something as a team. That's what's happening here in my opinion. The devs are the superstars but it is still a team effort. We can all share in the success. It's a fun picture to try and paint.
Thank you for the kind words. I'm glad it helped you see the value because there is a LOT of it there.
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Relly excited about the vaults.
I was just wondering if I should put some BTC in that Den but I guess it makes sense to wait for the kingdoms. Sounds like a great deal.
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Yeah, I do want to see them audited first before I move my precious bitcoin over. But, once that happens, it really seems like a no-brainer. We help the platform and increase our interest payments. One of those win/win scenarios I'm very fond of. :-)
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So much goodness, coming "soon".
I'm really looking forward to the Kingdoms and think it will really take Cub finance to the next level.
I haven't got much ETH asset's (gas has scared me off TBH) so the bridge isn't a big deal for me. Khal is planning to add Thorchain to the bridge, and that's something I definitely will use down the track.
And of course, Wen #projectblank?
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You should check out Tixl, they are making a bridge for ERC20 <> BEP20 tokens
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I am revisiting your blog here in light of the recent AMA and I think it would be Great, as you say, if I could stake Bitcoin and earn both Cake and Cub, then use them to buy more Bitcoin, that would be great. As it is today, we need to subtract the auto added Cake , harvest the Cub, then exchange them both for Bitcoin. This is easily dine, but probably a taxable event for USA and do we want to sell the PanCake Swap exchange token, when Uniswap token and BNB token, as Exchange tokens have price appreciated 20-40x?
It’s an opportunity I think to grow different bags of tokens.
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