A Great Potential Defi By LeoFinance

By fun2learn | fun2learn | 9 Mar 2021


I notice a big news today and it has not been listed on bscscan yield farming website yet.

LeoFinance has just launched its own Defi on Binance Smart Chain and the value of new token called CUB is rising speedily.

Its new Defi called Cub Defi has been launched for less than a day and it has reached Total Value Locked(TVL) of $3451519.98.

https://cubdefi.com/

It is currently offering a high APY of 8512.40% in staking CUB but it was much higher when I first started staking. I would expect the APY to drop as more people participate in it.

Those with a bigger risk appetite can consider its farming pool with CUB-BUSD LP that has a high APY of 17397.56% and CUB-BNB LP at the rate of 16330.69% in APY.

Many leofinance supporters are pouring in their fund like water since leofinance has been around with a solid reputation on the Hive platform.

Its leo token has also received a good boost in price with the launch of Binance Leo (BLEO) token.

With its Vault Revenue that is currently more than $50 000, it is planning to use it to burn CUB(80%) and LEO(20%).

With this good burning percentage from the Vault Revenue, it can help to fight excessive production of CUB.

I notice that 3 New CUB is produced in every block. New CUB is being produced 3 times faster than other BSC farm.

I guess the Development Team has expected huge participation in its new Defi so they are confidence enough to have New CUB token being produced at a higher rate.

When I was writing this post, each CUB token was over $10 actually.

With a solid reputation, it is hard to imagine that leofinance’s new Cub Defi would not find success.

I personally think that it has already received the attention of many investors but it would grow even more when more people get to know about it.

With many BSC farms that have suddenly closed recently, I guess many investors may just turn to CUB DEFI that is unlikely to do a rugpull on us.

One has to evaluate on our own as well as the level of risk that we can afford to take.

We should never invest in money that we cannot afford to lose regardless of how attractive the reward may be.

I must agree that every investment can still come with certain degree of risk especially we are dealing with human perception value of each cryptocurrency that can go really high as well as go really low overnight.

 

Disclaimer: This is my personal reflection and I am not in any position to instruct anyone what they should do. I am not responsible for any action taken as a result of this post. My post can only be a reference for your further research and growth. By reading this post, you acknowledge and accept that.

How do you rate this article?


9

0

fun2learn
fun2learn

Online Content Creator of different platforms


fun2learn
fun2learn

An educator who often writes educational articles as well as crypto-related articles.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.