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RE: New LeoFi Products, Snapshot Announcement, CUB Tokens and BEP20 LEO

in LeoFinance3 months ago

Very interesting, and it will give me the push to pull my finger out and learn how to interact with liquidity pools on BSC.

BSC opens us up to a much wider audience and allows our existing Hive userbase to dip their toes in DeFi without paying $60 fees on the ETH network.

Music to my ears as those crazy gas fees have been the only thing keeping me from exploring staking liquidity with Defi. With CUB airdrop/claimdrop I can dip my toes without watching $60 ETH go up in smoke ;-)

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BSC is not that cheap, but it really depends on how much you will use it.

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BSC fees are on the order of 1/1000th the fees of ETH.

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Fees are fees though.

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Tbh, my concern was $60 gas fees... BSC fees of less than $0.50 fulfil my criteria of being able to try to learn Defi Liquidity pools without spending silly money for the privilege. Might move onto ETH based pools once I am confident in the whole process, but less risk to use the more centralized BSC at the beginning 😉

BSC is great for learning, that's true!

Posted Using LeoFinance Beta

Sounds good 🙂

Yes, it's cheap because you pay around $ 0.25. On Pancakeswap, for example, you pay for every action you do, such as the Harvest function for example

Posted Using LeoFinance Beta

Good to know. Thanks for the heads up 🙂