The past day was probably one of the most interesting days in a good while!
LeoFinance launched their long-awaited CubDeFi project and I finally got involved in DeFi for the first time.
Read more about CubDeFi
Getting involved with DeFi wasn't as hard as I imagined but I don't think I could have done it if it wasn't for all those great tutorials explaining the wrapping and providing liquidity process stop-by-step.
Here are some great ones if you're still feeling lost
- CubFinance: Video Tutorial on Swapping Coin, Adding Liquidity and Staking
Authored by @scaredycatguide - CubFinance: What are Farms and Dens?
Authored by @flauwi
After carefully following the instructions, I manage to enter the bLeo/BNB LP with 30 bLeo and after realizing how easy it was I immediatelly added 30 more Leo in the liquidity pool for a total of 60 bLEO (worth around 60$).
My LP Returns
The returns are huge and I mean it!
I earned a bit more than 2 CUB tokens in 24 hours and staked them in the "Cub Den" so I can earn more of em! It's like a f*cking game and I love it!
Here are my returns a couple of hours later after I staked my 2 earned CUB and from providing 60$ worth of liquidity in the bLeo/BNB pool
Tip : You need to hold a small ammount of BNB in your wallet so you can confirm transactions on CubDeFi (around $0.20/transaction)
My overall experience
I am a complete noob when it complex computing things so I thought providing liquidity, wrapping tokens, paying transaction fees with other tokens and stuff were too much for me and that's what kept me away from trying out DeFi in the first place!
I don't know if other DeFi farms are as easy to use (and well-designed) as https://cubdefi.com/ but CubDeFi was exactly what I was waiting for to get involved. It's a really fun and entertaining process and I am definitely gonna dive more into the DeFi ecosystem.
The way I see it, DeFi is a great way to earn passive income and especially for people like me who blog and crypto-hustle for a living! I know that it's a risky business but I am feeling really safe using CubDeFi.
Why
Cause CubDeFi is build by LeoFinance team. LeoFinance is building for more than 2 years now and we are a solid and united community. It's not like your borrowing your precious crypto to an unknown farm.
Providing liquidity in CubDeFi is like supporting LeoFinance or at least that's how I see it.
Keep calm and farm those Cubs
Thank you all for your support
As a full-time online hustler, supporting my content allows me to keep doing what I love.
Much love to everyone and always have fun.
@Knowhow92
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