CUB Block Reward Halvening, Upcoming Features and Our Mission for Sustainable DeFi

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It's been 16 days since the launch of Cub Finance. There are a lot of updates rolling out, especially as LeoBridge is completed (about 85% done) and the CertiK audit is finally published.

The audit is taking quite a lot longer than we expected. Apparently CertiK is under heavy workload as BSC has become the shiniest blockchain on the planet recently. Their official deadline is to have a final report published in the next 24 hours, so let's see if we get it today.

The current status of the audit: we received their initial audit last week with a few minor updates that they recommended to improve the security of Cub Finance and the CUB token. We added certain features to the Cub backend that accommodated their recommendations (i.e. adding a 24 hour timelock contract to the LionsDen contract that governs Cub pool APRs).

Their team received our updates 3 days ago and are conducting their final review with these new features in place. After that, the auditing report will be published publicly and Cub Finance will be added to the official CertiK leaderboard as a certified DeFi project.

Block Reward Halvening

The CUB emissions schedule:

  • Week 1: 3 CUB / Block
  • Week 2: 2 CUB / Block
  • Week 3: 1 CUB / Block

48 hours ago, the CUB emissions reduced from 2 CUB / Block to 1 CUB / Block which marked the change from launch to sustainability.

This migration - as many anticipated - caused a lot of weak hands to get shaken out. Some short-term yield apes who join platforms for the first 2-3 weeks for crazy APRs before moving on to the next shiny object have left the building (or maybe are still halfway out the door).

As we all predicted: the turbulence is being felt through price volatility on CUB. @edicted has made some nice posts about the Diamond Paw theories related to how much CUB is stored away in the den, etc.

Cub Finance is now 16 days old. It's pretty amazing to see where we've come and gone in the last 16 days. Kind of feels like 16 months to be completely honest.

What's even more amazing is that we're barely scratching the surface of the plans for Cub. The initial launch went even better than we imagined: over 1,000 addresses hodl CUB, $10m+ in TVL, record signups through LeoFinance.io etc.

As stated in the Cub Docs: our primary mission is to expand the scope and scale of LeoFinance.

This includes buidling in a way that brings value to LEO and CUB while adding new and exciting features for our existing userbase (adding depth) that are also attractive to people on the outside (adding width).

As our community has loved to remind people from the outside looking in: the LEO track record is what matters. You don't go from 0-100 overnight. Our pace is to release a project and rapidly iterate on top of it. Bringing value to the underlying token but also delivering on development roadmaps and key features.

Upcoming Features and Updates

We've got a lot in store for Cub. It's our platform to build new and exciting DeFi features. Most people don't see that (yet) since CUB's initial launch is as a simple yield farming app.

We're extremely close to launching the new LeoBridge feature along with a number of UI updates for Cub.

LeoBridge

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There is nothing even remotely similar to LeoBridge that exists today. There are other bridges and ways to transfer funds from ERC20 to BEP20 (Ethereum to Binance Smart Chain) but we have yet to see one that offers a one-click user experience.

LeoBridge will make swapping assets from Ethereum to BSC as simple as swapping tokens via an automated market maker (AMM).

In fact, the UI is quite literally a fork of the AMM module on https://exchange.cubdefi.com.

The backend is where things get complex. This is where the complexity should live though, right? Let the users seamlessly swap their assets in a permissionless, decentralized manner on the frontend without the headaches of opening exchange accounts with Binance or figuring out how to swap into token x on Ethereum and output token y on BSC.

Instead, you'll just go to the LeoBridge UI on the Cub interface, connect your Ethereum/BSC wallet, select an imput currency and an output currency and hit "Bridge". It's that simple.

You can bridge your ERC20 to BEP20 as the same asset (i.e. go from USDT on ETH to USDT on BSC) or you can swap into a different asset. You can take USDT from ETH and automatically bridge/swap it into CUB on BSC.

When LeoBridge goes live, we'll use it as a key onboarding point for new users to Cub Finance. It's going to be vital to get the word out about this bridge because there is a ridiculous amount of capital flowing from ETH to BSC. Right now it's extremely difficult and annoying to transfer these funds. LeoBridge is the first of its kind.

0.25% swap fees are taken on Bridge TXs which get sent directly to the CUB treasury to buy/burn CUB and bLEO.

The Future of Cub Finance

What LeoBridge represents is perhaps as important as the actual functionality of the bridge itself.

LeoBridge is the first in a long-line of DeFi developments on top of the Cub Finance base layer. If you thought that Cub Finance was just a simple yield app and would remain that way for the long-term, then you thought wrong (looking at you BSC apes).

Many other platforms make promises but they're also run for purposes that are very different than Cub.

DeFi composability and interoperability is something that we're very focused on. We see a lot of projects and use cases out there that lack ease of use. With Cub, we're both building our own contracts from scratch (i.e. LeoBridge) and adopting the contracts of successful platforms to expand the use cases built on Cub (i.e. Yearn Vaults and Curve staking).

We're bringing all of the most valuable DeFi use cases into the LeoFinance / Cub Finance ecosystem directly to expand both the depth and width of our community. It brings immense layers of value to the existing Leo user base and also attracts new potential users into our ecosystem at the same time.

Sustainable DeFi - Why We Created Cub Finance

DeFi is going to be one of the most important sectors of the entire crypto space - if it isn't already. There are major banks, investors and communities that are entirely focused on DeFi and it's material impact on the crypto landscape and broader financial markets.

LeoFinance is in a mode of continual expansion and adaptation. Our community is centered around crypto and finance which makes us perfectly positioned to adopt DeFi protocols and collaborate with various DeFi projects.

Cub Finance give us the base layer and distribution we needed to launch more DeFi applications and what we have planned for the coming weeks and months in terms of new contracts for Cub is pretty incredible. First, we'll launch LeoBridge and then we'll start diving into the Cub Kingdoms update.

In Q2 2021, we're expecting to have Cub Kingdoms and CUB staking + governance in production.

Sustainable DeFi is an important concept in this space. Speaking from a selfish perspective, many of us in LeoFinance wanted to dive heavily into various DeFi protocols. Building something we could call a "Liquidity Portfolio" - a way to earn yield on a large percentage of our overall crypto hodlings in various yield farms, DeFi contracts, lending, synthetic assets, etc.

The problem is that there are so many different DeFi protocols out there. It's hard enough to take the time to research these projects let alone invest in them and trust the creators behind them. Most of these DeFi projects are being built extremely quickly with teams that carry no reputation of past projects.

Speaking from personal perspective and the insights gained from talking with community members, people involved with LeoFinance, etc. we also realized that there's a lot of capital that is afraid to enter these protocols. Putting a large % of our crypto portfolios into some no-name team that launched a project 1 week ago offering 100% APR seemed like gambling of the highest order.

With Cub, we saw the opportunity to solve that exact problem both for ourselves, our existing community and the broader crypto userbase. Bring the best opportunities that DeFi has to offer and deliver them with a reputable brand (LeoFinance), relentless development and ease of use.

A one-stop shop for DeFi? That's the mission with CUB and we're only 16 days in.

 

 

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

DeFi PlatformTokenized BloggingTrack Hive Data
Cub FinanceLeoFinance BetaHivestats
Native DEXWrapped LEO (ETH)Hive Node
LeoDexwLEO On UniswapWitness Vote

Earn a 16% APR on HIVE POWER and Support LeoInfra's Onboarding Efforts by Delegating HP to @leo.voter (Currently at 3M HP). We Use this to Claim Accounts and Delegate RCs to Newly Onboarded Users + Daily LEO Payouts to Delegators

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A one-stop shop for DeFi? That's the mission with CUB and we're only 16 days in.

The best yet to come

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SO grateful to have leaders in this space with 'laser' focus. We know about pump and dumps, we know about what makes a sustainable project. Good work and can't wait for the Cub Kingdom!

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It does seem like more than 16 days. That's all I've heard about. Finding the non-CUB articles has been the challenge 😂 Y'all are doing a great job. I wouldn't even have got involved with defi if it wasn't for CUB

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Thank you for being so transparent! We believe greatly in this project, hated we didn't get onboard faster, but hey we are here now! Although if you look at this wallet, it won't show, lol. @thelogicaldude is holding all the LEO cards and @hivehustlers has some and more delegated to it. Staking all we can though! This is the only DeFi project that we are currently invested in and feel that it can do nothing but go up from this point... We hope at least as we bought a decent amount of CUB at $5, lol.

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Let's say I have few bucks in ETH on MetaMask, will I be able to send them via LeoBridge and not to pay those network fees?

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I don't think it will be possible to do it that cheaply from the ETH level. It seems to me that you will need some kind of contract approval to confirm which of course might generates quite high fee cost.

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That's what I thought. I don't think this bridge will become an invention like fire or wheel

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Great!!!
Will the bridge work also if I have my ERC20-Tokens in Metamask and my BEP20-Tokens in another wallet?

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Yes. Metamask is "only" interface. That is, of course, if you can choose the pick-up address. Otherwise, the token exchange will only be on a single wallet level.

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As always, LISTEN, UNDERSTAND and HODL :D
Thanks for the update. I wish i could screenshot every paragraph of this article and spam the hell out of all the BSC TG groups out there :P

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Cubs kingdom sounds like where the baby lions will grow to support the parent beings (Leofinance)

I sure do agree to the reputation aspect, because it's only but easy to say a system is decentralized, fair and transparent, but having anonymous team players (which is not really a bad thing) that have got no previously recorded tracks to fall back on and lay trust is just more than a gamble.

I feel Leofinance is really maturing everyday, things are changing and the new projects rolling in just points to a "Crypto gem" still yet to be discovered by many.

Kudos to the team, I'd love to see everything fall in place.

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Cub Finance is now 16 days old. It's pretty amazing to see where we've come and gone in the last 16 days. Kind of feels like 16 months to be completely honest.

Time flew as quickly as CUBs into our wallets. The slower the inflation got, the slower times seems to crawl by. Thank you for the update. Bridge, Kingdoms, Staking and Governance all sound like great additions. No word about Layered Farming? I assume that is on ice for now, after the rather disastrously handling of that on Goose Finance.

Among many other WEN SOON SOONs: ________?

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Good that the serious investors remained from now on CUB Finance.
The LEO Bridge is the one that will be a groundbreaker and I hope this goes both ways: ETH -> BSC and BSC -> ETH. Why? Because I anticipate many Ethereum tokens to be pulled to BSC, but later on we might see this trend reverse with an upgrade or hardfork on Ethereum blockchain.

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Reading updates from you guys is reading a love letter from a woman to a man who is just days away from coming home to her beloved man.

You guys are relentlessly genius trying to get us fucking rich and it makes me feel like selling my home appliances to buy more CUB!

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I want to start by saying congratulation! Cubdefi has been game-changing and has afforded me the opportunity to get into defi without having to worry about some of the key issues relating to def, trust being a major one. There is no doubt that the team will deliver on its promises. You guys have a good record that speaks for itself.

I am looking forward to the exciting things you guys have planned for this project. Cheers.

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In Q2 2021, we're expecting to have Cub Kingdoms and CUB staking + governance in production.

This really needs to sink in for people. I don't know what Cub Kingdoms are, but seems promising.

You dropped a few gems here. I'll have to re-read it.

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When i jumped into cubfinance the price was higher now its going low, i was depressed but no fear in mind. The community behind this defi is quite amazing i believe in them.

This post made my confident more strong. Waiting for the better days. Best wishes!

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Advancement, development, innovation, that's what characterizes the leofinance team, LeoBridge will be a bomb.

It's time to accumulate a lot of LEO, it will quickly go to the MOON!

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Yes @leofinance ...

"With Cub, we saw the opportunity to solve that exact problem both for ourselves, our existing community and the broader crypto userbase. Bring the best opportunities that DeFi has to offer and deliver them with a reputable brand (LeoFinance), relentless development and ease of use."

[emphasis added mine]

... this is an essential part of the "story," for anyone who wishes to give serious consideration to investing in Cub Finance and performs any due diligence whatsoever. The record of the LeoFinance team has no equal (of which I am aware) on the Hive blockchain.

I will go farther and say I seriously doubt many can match your record of achievement on any blockchain. The steady reinforcement time and time again, of my original impressions of the LeoFinance team since July 2020, has been much appreciated! 👍

So ...

Putting more "money where my mouth is" once more time with enthusiasm, I just invested another 10 BNB into Cub Finance:

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Keep up the great work. Really looking forward to seeing what you come up with on the launch of LeoBridge. I am very confident I will not be disappointed.

Onward and upward! 🦁🚀

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😱 😳 🤪 😵 😡 😠 🤬 😷 🤒 🤕 🤢 🤮 🤧 😇 🤠 🤡 🤥 🤫 🤭 🧐 🤓 😈 👿 👹 👺 💀 ☠️ 👻 👽 👾 🤖 💩 😺 😸 😹 😻 😼

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This comment is a central reason I am here:

Putting a large % of our crypto portfolios into some no-name team that launched a project 1 week ago offering 100% APR seemed like gambling of the highest order. With Cub, we saw the opportunity to solve that exact problem both for ourselves, our existing community and the broader crypto userbase. Bring the best opportunities that DeFi has to offer and deliver them with a reputable brand (LeoFinance), relentless development and ease of use. A one-stop shop for DeFi? That's the mission with CUB and we're only 16 days in.

You have a traders soul, which allows you to understand a traders fears. Plus your focus on user experience, security, ease of use and constant innovation are central characteristics of Leofinance. I trust you and admire you. Thank you for all that you do. 🦁

7A44E812-362B-4FFF-9D52-CFBA799F1E99.jpeg

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Whoa read this whole post, amazing I say. I hope the cub bridge be successful. I provided some liquidity and it's for a lifetime. I'm never gonna take it back, I trust cub finance.

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This is pure Gold...

LeoBridge will make swapping assets from Ethereum to BSC as simple as swapping tokens via an automated market maker (AMM).
In fact, the UI is quite literally a fork of the AMM module on https://exchange.cubdefi.com.
The backend is where things get complex. This is where the complexity should live though, right?

Boom ...Khal gets it!

7C3EE985-F87D-4383-881A-199A09EE6F18.jpeg

That’s why Leofinance is Amazing!

83A417D3-7C0F-4F7E-B11C-A330630D056F.jpeg

Thank you!

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I often take a step back only to realize how far we've come. And then I realize that we're just getting started...

Keep making us proud

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Great lines and it seems the best is yet to come.
#CUB is hanging but still strong.
Way too early for anyone to show your weak hands.
So glad to have a space to park my tokens and earn
more CUB.

!BEER

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Ya'll are doing an awesome job with this project, both with building it — and HUGELY important, frequently communicating about the status of it as it unfolds. Keep it up, looking for big things for $CUB and $LEO to come!!

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Exciting times ahead. Can't wait to sample the bridge 🔥

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(Edited)

Gambling is a bet where ROI is -ve (over large number of sample) for the person who is betting.
Speculation is a bet where ROI is +ve(over large number of sample) for the person who is betting.

For a small sample size, gambling can have a +ve ROI for the gambler and for a small sample size, speculation can have a -ve ROI for the speculator. As the sample size grows, the outcome will approach the two facts above.

CubFinance is a speculatiive investment. The risks highly outweigh the rewards, from my point of view.

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I am really wondering if the LeoBridge will REALLY work with any asset, meaning, a fairly unknown ERC-20 token coin.
If it works as advertised, I will move all my ERC-20 tokens from ETH to CubFinance (even if it is at a loss just to leave the land of high fees behind)

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CUB doesnt for short term, still hodl and buys more CUB when this golden opportunity comes like today, thankyou for another updates about CUB DeFi cant wait #LeoBridge will launched 🦁

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I am very glad that you continue to work on improving your platform, it just shows that you don't give a sh*t about your users and actually take us into consideration. Thank you very much for that.

I myself am fascinated by the future of Cub Finance and LeoBridge itself, there is still so little to go!

I look forward to more news about LeoBridge and Cub Finance.

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I really love your long-term view and short-term steps on how to build the system and achieve the goals.

When ETH-BSC bridge is in a stable mode, will you start on other bridges too? Like EOS and WAX for example.

So far so very good. Congrats and good luck!

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thanks for the hard work so far, is it at all possible to get a LP farm token calculator for the BSC wallet holders?

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i need 1 for the BNB wallet tho, this works for metamask

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Well my hands ain't weak. Just like HIVE I am here for the long haul. I will ride with the ups and downs. Don't know much, but I always recognize potential. I have said before, this is not a sprint but a marathon.

Price of a token? Meh. Means nothing. That is the difference between speculators and investors. One is for the quick buck, the other is for the returns down the road.

Any trades I make are in order to invest in the projects I believe have a future. No doubt in my mind, Leo Finance has a great future.

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So excited about the Leo Bridge. Things look bright for Leo Finance's future

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Cubdefi has taught me so much! I now understand BSC and DeFi! The yeild is secondary to the educational I’m receiving 👍🏼

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Wow! This project is really full of surprises;Almost losing hope at some point.😆😅😂
Although, sometimes the present situation does not determine the future.😎😲🕶️👌
Please, don't stop giving us the shock of our lives.😜👍

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After seeing some crazy APRs, I jumped in the bandwagon, now, seeing the potential of this project, I have decided to grow some diamond hands and HODL my Cub despite the continuous downtrend in value. I intend buying more and more. Seeing reputable projects like this especially in a Defi Hype on BSC is tough, I really hope more come forth from the team and the roadmap is followed more accurately.

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It would be nice to have an easier way to migrate from Steem to Leo. Is SteemLeo bridge possible to have in the future.

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This can easily be done via Hive-Engine.

How to convert STEEM to HIVE using Hive Engine

I found this walkthrough just quickly Googling, but I'm sure there is a more up to date, clear walkthrough if you search a bit deeper.

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I use this too but a proper bridge is something different. It would allow Steem Engine coins to convert to Hive Engine coins seamlessly.

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Putting a large % of our crypto portfolios into some no-name team that launched a project 1 week ago offering 100% APR seemed like gambling of the highest order.

Exactly the reason I didn't invest more than a beer 'just to test' prior to cubfinance, and also the reason I wont be moving anywhere else.

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After reading this post, I am sure, LeoBridge is going to change a lot for ERC20 and BEP20 users. I have started running all the problems I faced in this regard and what facilities I would be gettig from LeoBridge and how easy this previously complicated process for the users would turn out to be, at least, this will save a lot of time.

Is there any possibility where we'll be seeing any type of partnership among different DeFi projects?

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