DeFi, short for Decentralized Finance has been one of the most influential and successful innovations in the blockchain and cryptocurrency environment. DeFi has altered how the financial system operates, eliminate the need for intermediaries such as banks, exchanges, or brokerage firms, while providing essential financial services such as borrowing and lending, token and coin swapping, interest earning through staking, hedging of risk and speculation on price movements, among others.
DeFi has unlocked whole new economic primitives and is powered by blockchains with built-in smart contract capabilities. Though growing fast within the blockchain ecosystem, DeFi is still nascent and has much-untapped potentials. Each day passing, developers are producing sophisticated dApps (decentralized applications) for various financial use-cases, seeking to create an alternative to existing financial services. LEOFINANCE is one of such cryptocurrency community with creative developers pioneering self-serving and sustainable DeFi solutions. Starting with CubFinance and following up with a challenger DeFi - PolyCub used to remodel CubFinance.
The first wave of DeFi development was swept by an improved model DeFi 2.0 aimed at fixing existing flaws of 1.0 while leveraging strengths to provide consumers with new and exciting options on the road to financial freedom. DeFi 2.0 allowed for breakthroughs like yield farming, lending and other things, as well as creates room for improved liquidity for token pairs. LeoFinance experimented its DeFi 2.0 model with PolyCUB with many self-serving and sustainable features. key among the selling features that categorizes PolyCub and CubFinance as DeFi 2.0 is the Multi-Token Bridge (MTB) Launched in August 2022 to allow derivative assets to be permissionlessly swapped across blockchains and pooled on Polygon and BNB Smart Chain (BSC) for PolyCUB and CubFinance respectively, to earn yield and trade assets.
The MTB has served and played out as a a core business model behind CubFinance and the CUB DAO (Decentralized Autonomous Organization). With over $600k worth of liquidity for $bHBD, $bHive and $bLEO tokens as wrapped versions of $HBD, $Hive and $LEO from the Hive blockchain, the MTB has become a leading source of revenue for CubFinance via wrapping fees, arbitrage Revenue and oracle staking.
Running for just 2 months, MTB on CubFinance has shown the pathway to burn off over 100% of daily $CUB inflation, hence leading to a future growing price for the $CUB Token. This also makes buying $CUB at $0.025 a very fair and profitable deal.
PolyCUB on the other hand prides with its Bitcoin-like model with just 7 million tokens in existence. With about 5 million already staked into $POLYCUB, there are just 2 million $POLYCUB tokens in circulation. Think of it when a burn model is adopted in PolyCUB and some million of tokens taken off the market permanently.
It is very evident that CubFinance and PolyCUB are pathways to sustainable wealth in the DeFiVerse. Their features are second to none and we are not yet done with the innovations around the DeFis.
It is true that CubFinance and PolyCUB are turning out to be the Best DeFi 2.0 Deals that ever exists with huge Prospects. it's not time to sit on the fence, rather, getting involved now can be a great investment decision.
What is 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.
LeoFinance | CubFinance | Hivestats | LeoDex | LeoFi
Let's Connect
Hive: @uyobong
Twitter: https://twitter.com/Uyobong3
Discord: uyobong#5966