INTRODUCTION
According to the Belt.fi website, Belt is: "The conveyor Belt of optimized yield to your assets - AMM protocol incorporating multi-strategy yield optimization" [Belt.fi. Belt.fi. (Accessed July 16, 2021)]. Belt has chosen the Binance Smart Chain on which to provide its services as BSC is more user friendly than Ethereum and provides high throughput as well as low transaction costs. The aim of Belt.fi is to innovate on traditional Decentralized Exchanges by providing yield optimization engines covering single coin liquidity as well as highly correlated assets in traditional liquidity pairs.
GENERAL INFORMATION
Not knowing much about Belt.fi, I had to do some research to get an idea of what it is. In doing this research, I found a summary on coinmarketcap.com., which gives a short description as follows:
- Belt.fi is an AMM protocol that incorporates multi-strategy yield optimizing on Binance Smart Chain (BSC) with low fees/slippage that also provides aggregation through vault compounding, lending and yield generation for maximum returns.
- Unlike other exchanges, you can directly swap between stable assets instantly. More than this, Belt.fi allows you to automatically earn with your stable assets by yield farming with an optimized strategy while also getting BELT tokens. All the processes behind these features and your liquidity work directly through BSC smart contracts without any centralized processing.
- Belt.fi is non-custodial, meaning that no-one besides you can move or withdraw your deposited assets.
- Belt.fi is a protocol that allows users to retain the stability of their asset positions and get maximum yields with minimal risk (little to no impermanent loss). We accomplish this with a combination of three main strategies: - Convenient, automated vault compounding - Strategy modifying yield optimization - AMM with stable or same-value tokens with low slippage and low IL (impermanent loss)
- In short, what you get from Belt.fi is: - Stable positioning of your assets with little to no impermanent loss - Automated, maximally optimized yield - Complete Decentralization - A fully governance-based BELT token economy.
(Bullets added for clarity)
[Coinmarketcap. About Belt Finance. (Accessed July 16, 2021)
SPECIFICS ABOUT THE BELT TOKEN
The Belt Token is a BEP-20 token and its contract address is 0xE0e514c71282b6f4e823703a39374Cf58dc3eA4f. Owners of the Belt Token, once governance is established, will exercise control over Belt Finance. Governance will consist of token inflation, mining rates, pool distributions, fees, and burn rates. Belt is also available on the HECO, KLAYTN, and POLYGON Blockchains.
As of the time of this writing there is a circulating supply of 4,388,529.07 Belt Tokens. With a current price of US $11.49, the total market capitalization for the Belt Token is $50,561,720.
AS BELT RELATES TO CUB FINANCE KINGDOMS
As most should be aware of Cub Finance recently leapt into the future by launching a more sustainable platform. In making this move, Cub Finance began offering Kingdoms, which are composable auto compounding high yield 'farms' where the user stakes tokens to be used in cross platform farming for returns plus earning CUB Tokens as rewards as well.
On July 15, 2021 three Belt Kingdom Pools were added to Cub Finance. These Belt Pools are:
- beltBTC (APY: 10.93%)
- beltETH (APY: 16.07%) and
- beltUSD (APY: 20.54%)
The beltBTC and beltETH Pools are both single asset investment vehicles. To enter the Belt Kingdom Pools for these two simply go here and add your respective assets. Then, you would return to Cub Finance and add the liquidity tokens you obtained from Belt into the respective Kingdom Pool.
The beltUSD Pool offered by Belt is somewhat unique and as such merits some discussion. At its basic level it is nothing more than a liquidity pool. However, the 4Belt BLP consists of four individual tokens: BUSD, USDT, USDC, and DAI tokens.
According to Belt:
4Belt consists of beltTokens (beltBUSD, beltUSDC, beltDAI, beltUSDT). beltTokens are the multiple strategy tokens that consist of beltSingleToken with beltStrategy for each protocol. We created this architecture for the scalability of the beltToken. This architecture makes it possible to add or upgrade the strategies for better APR to users. We also set up an idle ratio between strategies to handle larger volumes of assets and prepare for strategies that are temporarily pending.
We aim to make 4Belt the best option to keep your stablecoin position while getting the best reliable yield possible. Understanding 4Belt and beltTokens is straightforward. Simply, it is the base value of the token + increasing value from the yield when you hold the token. We are trying to make 4Belt and beltTokens independent assets that can trade and swap in other DEXs and other BSC DeFi protocols. We will work to make it so that holding 4Belt will be a default when users want to hold stablecoins....
[Belt.fi. Understanding 4Belt. (Accessed July 16, 2021)
To provide liquidity on the 4Belt Pool so as to obtain the necessary liquidity tokens to add to the Cub Finance Kingdom Pool, it is at the users option to add one or more stablecoins. "You can deposit one or all the coins into the pool without it affecting your returns. Your tokens will get split into the pool and this doesn't affect the returns you get at all. However, there is a deposit bonus/penalty system in that affects the value of your initial principal deposit." [Id.].
When you have made your choices and added your assets to the 4Belt Pool, you will be issued liquidity tokens which are added to your cryptocurrency wallet. To participate in the Cub Finance Kingdom beltUSD Pool, simply approve the contract and deposit the liquidity tokens obtained from Belt. [For a more in depth instructional on how to participate in this Pool, your direction is alerted to a presentation by 
CONCLUSION
Turns out Belt is quite an interesting application. For those wishing to maximize yield from investing with stablecoins, using the beltUSD Kingdom Pool on Cub Finance is a viable good option available.
Nothing contained herein should be construed as investment advice. The content is provided solely for informational purposes. Remember, DYOR and never invest more than you can afford to lose.