As expected, we can extract some of them from his latest post.
Cub Kingdoms
I'll skip to Cub Kingdoms directly, to justify the title, then we'll return to Leo Bridge.
Before I go ahead with my understanding of how things will work, as a disclaimer, I am not familiar with Yearn or Auto, the two platforms Khal referenced as a source of inspiration for Cub Kingdoms.
Cub Kingdoms will be a separate page from Farms and Dens.
It will be more similar to farms, because we'll have 50:50 liquidity pools, just like farms.
The difference is Cub Kingdoms will be more... automated. Once you add liquidity to a kingdom, you don't have to come back regularly to harvest the rewards and add them to the pool 50:50 (after swapping CUB rewards to other tokens as needed).
All that will be taken care of automatically by the Cub Kingdoms contracts. At least that's how I understood it.
At first, there will be one Cub Kingdom: CUB - BTCb.
BTCb is the wrapped version of BTC on BSC, for those who haven't come across it. CUB you already know what it is. That means there will be a 50-50% liquidity pool CUB-BTCb.
Once you fund it, all CUB rewards will automatically compound 50-50%, increasing BTCb as well.
That's why I said to get ready to "mine" BTC on CUB Finance. Not exactly mining, but if you consider PoB rewards or harvesting CUB rewards is mining, then this is mining too.
For me, having more bitcoin is still a priority. Even if it comes in the form of wrapped bitcoin in a kingdom with CUB. In the end, that CAN be taken out of the pool and unwrapped for real bitcoin.
Of course there is impermanent loss. And both tokens can fluctuate wildly. But if you're ok holding more of either tokens at the end, it doesn't matter. I wouldn't recommend someone to match the CUB amount by wrapping real bitcoin on BSC and adding it to the CUB-BTCb kingdom, unless you know what you are doing. You may cry for that bitcoin if impermanent loss kicks in to the opposite direction. You can instead buy some BTCb with CUB (or better yet with a different token you hold but aren't very fond of, or have in excess) to get this started.
Cub Kingdoms aren't released yet. They will be in a week or so, says Khal. But it's important to know what to expect.
More kingdoms will follow, that's very likely.
There are two important benefits of using Cub Kingdoms, as far as I can tell:
- they harvest rewards and compound 50-50% without human intervention, other than at the beginning or if you want to add or remove liquidity manually
- automation prevents lack of focus and the desire followed by action to be all over the place
Leo Bridge
Khal made sure that we understand depth on the liquidity of wLeo and bLeo pools needs to be sufficient (read "increase") to be able to sustain Leo Bridge when it scales.
Here's the key quote:
As LeoBridge scales, the value of LEO held in the wLEO / bLEO pools will need to increase. This is likely to come from a mix of price appreciation and the actual flow of LEO tokens to both pools.
If LEO price goes up as a result of Leo Bridge (without even considering burning fees), I believe all holders will be excited.
But there is the second part too.
the actual flow of LEO tokens to both pools.
Will the flow of LEO tokens towards both pools increase or people will prefer to keep LEO staked on the blogging platform? Or will Ethereum liquidity migrate towards BSC? Very important aspects to consider.
Personally, I'll add more to bLeo-BNB pool as rewards come, but my amounts are not that significant. I don't have the kind of LEO that would justify adding it to Ethereum.
Updates to Farms and Dens
Personally, I understand the updates. Focusing on CUB and highly used pools/dens makes sense. And there will be more ways to use CUB going forward, regardless whether the price goes to $30 or not.
One sink is to buy the matching 50% token for the pools where CUB is part of. Same goes for the coming kingdoms.
Another is to buy BNB for fees.
Another is to buyback the tokens taken as deposit fees.
You'll need more CUB as you'll have more ways to spend it. Higher multipliers on CUB farms/dens takes that into consideration, I believe.