My DeFi Journey on Binance Smart Chain ! With Tips to earn 🤑

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(Edited)

Hello HODLers,

Many of you followed my BSC Degen DeFi adventures and as I said I was stopping it because it is clearly not worth it, I have reallocated some of my capital on the Binance Smart Chain towards more established and trustworthy DeFi Platforms.

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Source

As you can see below is a split of my assets

My BSC DeFi Portfolio on July, 6th

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CubDefi.com

I believe I do not have to present the project nor the team especially when I am blogging on leofinance.io. This is my biggest holding and is concentrated into the CUB-BUSD pool that offers a very good APR and a limited risk (to the upside or downside).

I am thinking of going out of this in the near term as the whole Kingdom migration will happen and might ease even more the selling pressure on $CUB.

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Alpacafinance.org

My assets on this platform are the greenish ones: $BNB and 2.5 leveraged $CAKE.

This is a platform I stumbled across very recently but which is quite amazing.

It is a lending and autocompounding platform which has $1.2bn TVL. Their main caracteristic is that you can participate in LP Leveraging.

What does this mean? It means this platform allows you to multiply your LP by 2-4x (up to 6x but it is not really the case).

For example, as I know some LEO users love stablecoins, the platform allows you to take a 4x Leverage on the TUSD-BUSD Pair

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It means that you will have an actual LP 4 times bigger than your assets and therefore, the yield farming, the fees or the Alpaca Rewards will be 4x higher. To achieve this, you usually have to borrow another token against your assets, in this case, it would be BUSD which has a total borrowing interest of 50% APR (as you are borrowing 3x your assets).

It is quite complicated at first, you definitely have to read their medium and different use cases to understand all the risks, because there are risks !

You could get liquidated if the assets you are borrowing outperforms the one you have. Not for the first newbies, but I used it for my $CAKE and I am very happy considering the $CAKE price has been going up over the past 2 days !

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ApeSwap

This is a fork of PancakeSwap that managed to create its own use cases through its token $BANANA.

I am farming $BANANA with my $BOG-$BNB LP and I am farming $BOG with my staked $BANANA.

Not much to say except that I really like their 'Ape Stats" UI. They have IAO for new projects, NFTs, etc...

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This is all my dear friends ! I will keep you updated about my performance and my BSC DeFi moves on a weekly basis !

Am I missing some other very interesting platforms or farming pairs? Let me know.

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Latest Analysis

Posted Using LeoFinance Beta



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31 comments
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I'm so scared of touching anything outside Cub. I really don't trust it because I'm a pussy. However, cub kingdom's addition of cake autocompounding single token pool gave me the opportunity to buy cake. However, I'm still not capable of going outside cub for now.

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There is not shame to stay with what you know. Especially considering BSC is plagued with hacks / exploits and rug pulls.

As long as you feel confident in what you invest, you are probably making the right decision.

I cannot wait for the last kingdoms to be switched on, I hope this will be the start of a $CUB pump :D

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Mennn sounding like this it still seems like mumbo jumbo if I am honest.

Although I like exploring new tokens, the whole defi game has been untouched for me and it feels like it going to stay that way. I wish you endless profits dude!

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Thanks, this is quite scary from the outside but also from the inside, I went a bit lower on the risk curve and I feel better.

I am also trying to get some StableCoins pools to earn while truly being relaxed :D

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hahaha some stablecoins for the mental stability. for the nightrest you need some of those hehe

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So you dont have anything on bakeryswap? :D

We should start a fundraiser for you, where youspread out the funds on different defi platform to test their useful needs or legitimetize :p

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Nope I did not see the superior advantage of bakeryswap it is like pancakeswap or Apeswap I guess :D

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Ye true. Its just a different coin, so another way to diversify I guess ^^ :D

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These are some good options and I must confess that beside CUB I didn't expand into other assets. Probably my next step will be to add some CAKE to my portfolio, but still use those in the Kingdoms on CUB DeFi. ;))

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Well that is a start ! Soon you might try another platform offering different services. Lending maybe ?

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Alpaca finance does look very inviting! I want to try these platforms, I like the lending feature, it seems it’s the only thing I don’t know much about in all these DeFi plays.

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That is why I am here ! To help you get familiar with them, I am the scout xD

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Thanks for this information, I need to understand better how Cub-Finance works. There is one thing I don't understand. Question: Does Cub Finance run on Hive or Binance Smart Chain?

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The leveraged game seems kind of dangerous but good for you if its working for you. I have a feeling that I would not touch that at all.

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I was lucky as $CAKE went up to c.$16 but now I have 2 choice, keeping the position which is less levered (therefore less risky). Or close it and pool it in a single asset compounding on PancakeSwap.

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It's great that you decided to move some of your Binance capita to portfolios that is more trustworthy

I am happy you have greenish assets on Alpacafinance.org and that they have quite an amazing lending and auto-compounding projects, of which, there are risks involved.

We should do our Due diligence, but it seem like a worthy investments since they make provision for investors to get leverage on their paired stable coins. Thanks for sharing your Defi journey with us, sir


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Indeed, I am actually finding more of these established platforms with good yields on not too volatile assets, this is perfect for what I am looking for and I will continue to add to these pools in order to slowly build wealth.

Thanks for this kind comment @edystringz

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Great read! Next, I'm waiting for your tips on the established DeFi platforms where you moved most of your capital.

I don't have much idea about BSC. I mostly moved there when projects went multichain starting with IOTX & CYC. Came to Pandaswap (a franchisee of Baoswap as I was using it on xDai). I also use Popsicle through Harvest (on Sushiswap). Ellipsis has also given me good returns until last month but this month hasn't been good there. Had also staked EULER on Wault but now I don't intend to use Euler.tools so I should get out of it too. So far, I've avoided Alpaca and its forks as I don't feel comfortable in leveraging. Closing my borrowed positions on all chains on Cream is my priority for this month. Although I never get liquidated, my peace was disturbed whenever market took a nose-dive. I believe, our investment shouldn't affect our sleep :)

Wishing you a safe and profitable journey through DeFi!

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Oh, and I forgot about Yumcha. It's the degen play for me on BSC ..for synths. But with a negligible amount ;)

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I wanted to check Wault as there are a lot of auto-compounding using it. I will check ellipsis as I hear a lot about it through the LEO AMA.

Finally I will check Yumcha.

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Hello there my dear @xyzashu,

Nice reading from you and I believe some of these products are worth using. I also just realized I did not mention my position in AutoFarm xD.

Next week I guess then ! I got lucky with $CAKE ans as you, I do not want to be stressed out and will probably close the leverage or lower it a lot.

I am really attracted by a pool I saw on Twitter with a lot of APR AMPL-BUSD but I did not understand if the rebasement of $AMPL was creating a lot of impairment losses.

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I note that from 2021 DeFi on Binance is becoming more and more used and known

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