It's been an interesting week in crypto. A lot of whipsaw in the markets. The fun thing about LeoFinance development is that it continues at the same pace as always. We're moving fast and continuing to innovate on all fronts.
Our vision is to "put Web3 in the palm of your hands"
Web3 is not the elusive concept that many - especially the incumbent elites - try to misappropriate it as. Web3 is a tangible revolution in personal finance and data ownership. LeoFinance's Web3 Ecosystem is - at its core - a gateway to the world of Web3. It's tangible. It's valuable. And with LeoFinance, it's in the palm of your hands.
In this week's dev update, we'll focus on 4 core developments that have taken place in the past week.
- LeoInfra Update | Facebook Logins Added to LeoFinance.io!
- LeoMobile V0.6 | Share Posts, Tag Sorting, Bug Fixes
- xPOLYCUB Governance | First Proposal is Live, Vote Now!
- pHBD Revenue | PolyCUB's PoL Continues to Grow
LeoInfra Update | Facebook Logins Added to LeoFinance.io!
We haven't yet put up an official announcement as we've been doing some live fire tests on LeoFinance.io but Facebook logins have now been integrated on LeoDesktop. Facebook Login was initiall built-in to LeoInfra for LeoMobile and now we've ported that feature to Desktop.
This is all part of the bigger picture that we're calling LeoMerge which is the convergence of our desktop and mobile UI framework. This merge will allow us to develop way more features on a much quicker timeline.
Our Goal with LeoDesktop and LeoMobile
Our entire mission as a Web3 ecosystem is to make it a seamless and enjoyable experience to find LeoFinance, sign up and become a part of our community. With the new Facebook sign up and login module, new users can use their Faceboook accounts to instantly create a Hive account and start creating content, upvoting and engaging in the comment sections of LeoFinance posts.
LeoDesktop is aimed at the content creator experience. During the LeoMerge process, you'll see some massive updates that gear LeoDesktop more and more toward content creation tools and guides. It will serve as an aid to LeoFinance content creators to create more and better content for LeoFinance.
LeoMobile is aimed at the content consumer experience. During the LeoMerge process, you'll see LeoMobile continuously become more and more friendly to people who want to sign up, sign in and read & curate content on their mobile device.
If you have any friends looking to get started on LeoFinance & Hive, have them go to LeoFinance.io and try the new Facebook signup/sign-in! It takes less than 30 seconds to create a Hive account and start creating and curating content.
LeoMobile V0.6 | Share Posts, Tag Sorting, Bug Fixes
LeoMobile got an update this week that includes:
- Ability to copy link in the app and share it outside of the app
- Ability to share directly to social media
- Tag sorting in the Explore page
- Dozens of bug fixes
We've been focusing heavily on getting LeoMobile ready for its V1 debut on the IOS and Google Play App Stores.
V1 will include a wide range of features that we believe make it ready for prime time. Right now, we're building up those features and polishing them for final release.
V0.6 was released just 2 days ago and allows users to share content more easily. When you open a post in LeoMobile, you'll notice 2 new buttons near the upvote/downvote buttons. The first one copies a link (leofinance.io link) to your clipboard. From there you can paste that link to any website, text message, tweet, etc.
The second is a share to social media link. It will open the share module on your device and pre-fill the post title and link, making it easier than ever to share LeoFinance content.
Prior to V0.6, you could search on the LeoMobile application but the only search available was by Hive username. The new update allows you to also search tags on Hive.
This is a precursor to the finalized search module that will be released in V1 - allowing you to search by:
- Hive Username
- Hive Tag
- Full-Text Search
Full-text search works similarly to a Google Search and we've spent a long time developing it. As it stands, this essentially doesn't exist in any other Hive application and the functionality is beautiful.
Full-Text Search and Notifications are the final two key pieces that we're putting into place before releasing LeoMobile V1 into the official app stores (not testflight... official app stores).
xPOLYCUB Governance | First Proposal is Live, Vote Now!
We designed PolyCUB to have deep utility and intense scarcity. There will only ever be 7M POLYCUB out there in the world. Scarcity on its own is not enough to create an ever-expanding marketcap to see the POLYCUB token price go up. You also need deep levels of utility that make it important to buy POLYCUB and stake it.
xPOLYCUB governance is one of the core features we've built that give POLYCUB utility. Buying POLYCUB and staking it as xPOLYCUB does the following:
- Earns yield (basic DeFi feature at launch)
- Governance voting power (our newest feature, just launched yesterday)
- Collateralize it for loans (very sooniverse)
We believe there will be a curve-whale style governance war on PolyCUB. If you don't see this yet, get ready for all the new governance proposals on PolyCUB.
Up until this point, earning yield on CUB / POLYCUB has been largely passive. With governance in place, xPOLYCUB stake will determine how much yield you earn.
If you want to maximize your yield, you're going to have to get involved in xPOLYCUB governance. This is the key to the future of PolyCUB (and CUB when we port the feature over to BSC).
We are gamifying the process of earning yield and generating high levels of returns. Communities are being onboarded as token vaults on PolyCUB.com (similar to pHBD). These community tokens will have to vote on continuous proposals to keep yield flowing into their vaults.
If another community comes in, buys a bunch of POLYCUB, stakes it as xPOLYCUB and starts voting up their own proposals higher than another community, then the new community will generate more yield for their vault while the other community has to either watch their vault yield drop or buy up more xPOLYCUB to stake and earn yield.
pLEO and pHBD are the first communities (LeoFinance and Hive) to be onboarded into this mechanic.
Next is SPS (Splinterlands community).
Let the xPOLYCUB governance wars for optimized yield begin.
pHBD Revenue | PolyCUB’s PoL Continues to Grow
pHBD has been performing well so far. We're seeing a continuous stream of HBD wrapped into pHBD and pooled with USDC to provide liquidity for pHBD-USDC.
Right now, the APY for staking pHBD-USDC is 61.67%. 3x as high as the native staking rewards for on-chain HBD Savings.
The key to mass adoption for HBD and the Hive ecosystem is having deep liquidity pools on the top blockchains. PolyCUB aims to solve this by building a $5M liquidity pool for pHBD-USDC. We're seeing a lot of HBD getting unstaked on-chain and migrated slowly over to pHBD-USDC.
We need to see more of this activity. When pHBD-USDC crosses $1M in liquidity, we'll have the sufficient depth to facilitate whales coming into the Hive ecosystem by buying up pHBD and either providing more liquidity to the pair or unwrapping to native HBD and staking it on-chain.
We need to open up the floodgates for HBD and less than a week after going live, pHBD-USDC is already the largest source of trading liquidity across any centralized or decentralized exchange for Hive-Backed Dollars.
https://www.coingecko.com/en/coins/polygon-hbd
About LeoFinance
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Our mission is to put Web3 in the palm of your hands.
Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io
Our Hive Applications
Join Web3: https://leofinance.io/
LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
Hivestats: https://hivestats.io
LeoDex: https://leodex.io
LeoFi: https://leofi.io
Polygon HBD (pHBD): https://wleo.io/hbd
Web3 & DeFi
Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:
CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
LEO Wrapping Bridge: https://wleo.io