Greetings to my esteemed Lions, we're the best and still remains that best in DeFiverse and Web 3 ecosystem.
CubDeFi platform was launched in March last year as the first LeoFinance farming App with a mindset of developing a kingdom that'll provide more yield to the LeoFinance ecosystem. But suddenly after a year and two months, it's as if the CubDeFi platform is completely dead and making holders regret ever fixing their investments on the promising DeFi platforms.
Cub Finance was a little bit revived during the launch of PolyCUB airdrop in March this year, when the only way to claim your PolyCub airdrop was to be a Cub holder, but this didn't last longer than expected because other avenues were created to help potential investors to buy and claim the airdrop.
Today's post is focused on how the CubDeFi platform can be resurrected from it's current value accrual model to become the envy of every DeFiverse and bring more yield to holders and the entire hive blockchain in the nearest future.
One of the assurance I have with the leadership of the LeoFinance ecosystem led by @khaleelkazi is that they can bring what's dead back to life through innovative ideas.
Don't forget that PolyCUB which was initially predicted on long term yield, was quickly redeemed from it's initial V1 vault (earning rewards from management fees, which was very slow) to become the best DeFi platform that have ever existed in any blockchain.
This was made possible through the experiment of pHBD-USDC vault on the polygon network in April. pHBD came as a result of the paradigm shift that was made possible through the unanimous agreement reached by the Hive Witness on increasing the interest on HBD savings from 12% to 20% APR.
This created a lacunar which the LeoFinance team saw as an opportunity to change the fortunes of PolyCUB and set it on high for value accrual channels that no DeFi platform have ever reached in their existence.
First, pHBD was linked to PolyCUB and brought great values to the PolyCUB project and will continue to bring rewards through the xPolycub governance system.
Immediately liquidity pools was provided for HBD, which prior to April lacked enough liquidity pools to move it for mass adoption in the Cryptoverse.
The pHBD-USDC vault offered potential investors an initial 57.98% APR and 49.79% APY, although pHBD currently provide 40% APR and 3-10% APY in addition to 0.25% for PolyCUB owned liquidity (Pol) as well as 0.1 HBD for wrapping and unwrapping pHBD.
With the completion of the PolyCUB V2 vaults last week (the launching of pHIVE and pSPS), it means that PolyCUB V2 vaults have an additional 14 value accrual channels that has the ability to sustain PolyCUB today, tomorrow and beyond 10 years.
With the above in place and the results of the experiment being productive, khal said it can be implemented on the CubDeFi platform.
What's Cub V2 Vaults
Cub V2 vaults is a value accrual model that's capable of taking the CubDeFi platform to its next level of yield optimizing goal.
Cub V2 vaults will comprise of bHBD, bHive, bSPS, bRune and bBEE of which it's liquidity pools will be on the Binance network and not on the polygon network. This is because, Cub Finance was launched on the Binance Smart Chain network. Binance Smart Chain network is expected to provide liquidity for HBD and other on-chain tokens that needed liquidity.
How will the Cub V2 Vaults Work?
It will serve as a platform that'll provide governance to the wrapped version of the on-chain token that'll be wrapped on the Binance Smart Chain and also earn fees when the tokens are wrapped and unwrapped from the Binance network.
Also expect 0.25% on Cub owned liquidity (Col), 0.1 HBD fee for wrapping and unwrapping bHBD for example as well as a higher APR and APY interest on Cub V2 vaults.
Today, I want to assure us and reassure as many that have forsaken the Cub Finance farming platform due to the current price of Cub in the market, it's not yet over for CubDeFi platform, so why sell your Cub, don't you know that there's great future for Cub finance
Posted Using LeoFinance Beta