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RE: Introducing CUB Kingdoms | Cross-Platform Autocompounding Yield Vaults

in LeoFinance3 days ago

I'm still confused about moving the CUB den to kingdoms.

My understanding is that this wouldn't be that useful because there are no other farms on BSC that reward users for staking cub. Same would go for CUB/BNB and CUB/BUSD. The only advantage is auto-compounding... unless I'm mistaken.

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The CUB Den will not exactly be migrated. It’s going to continue existing

The CUB Kingdom will be introduced as an entirely new vault. There is no increase to inflation because the CUB Kingdom contract actually pools CUB within the old CUB Den and pulls inflation from that (and autocompounds it).

The benefit is autocompounding. If you want to stake CUB and harvest manually, you can stay in the old Cub den.

If you want your rewards autocompounded, stake in the CUB Kingdom.

We can also do the same for CUB-BNB and CUB-BUSD. If we did though, it would auto sell 50% of the CUB rewards into BUSD (or BNB) and repool it for you.

Instead of doing this, we’re reaching out to different BSC yield platforms and seeing if we can get a CUB listing in exchange for listing their token. That way we could actually introduce a new Kingdom with external rewards for a CUB pairing

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Does Auto Compounding will save my transaction fees too? (beside manual effort)

Posted Using LeoFinance Beta

Yes. And this is kind of great. We get a better APY and no fees. Good for non millionaires hehe :D

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Instead of doing this, we’re reaching out to different BSC yield platforms and seeing if we can get a CUB listing in exchange for listing their token. That way we could actually introduce a new Kingdom with external rewards for a CUB pairing

baller

Very clear, thanks !

It must be difficult to find partners to work with I guess.

Posted Using LeoFinance Beta

For now, but I think the theory is the BNB reward that will be attached will compensate for the lack of that external reward - which in itself is technically an external reward in that roundabout way given that they're external fees from the other kingdoms.

Additionally, auto compounding probably works a lot better than your ability to harvest/compound manually - especially given your constraints as a human w/ limited time & the cost associated w/ the tx.

Posted Using LeoFinance Beta