Cub Finance: DeFi for the Masses! πŸš€

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(Edited)

On the opening of Day #5 of experiencing the results of "hitching my wagon" to the obvious "shooting star" of CubFinance, I have decided to stop what I am doing and write to you about it.

Why?

It is the most incredible "economic engine" I have seen in my lifetime, which includes spending a disproportionate part of the last 3-Β½ years of it investing into the "cryptosphere."

Source: In this post, found in a comment by @flauwy

As it was only "born" literally this past Monday ( 8 March 2021), this little "Cub" is already showing remarkable economic power. If you have been sitting "on the sidelines," as you've watched the "DeFi world" go by, I would encourage you to read this post.

Then, make a perhaps better-informed decision about whether you still want to just sit on the sidelines. Particularly if, like many, you have had some thought that financially it was so far beyond your reach to participate in DeFi that why bother. πŸ€·β€β™‚οΈπŸ€·β€β™€οΈ

"DeFi for the Masses" is here, with Cub Finance. And it is only just getting started. Participating in this exciting new aspect of the "cryptosphere" should be high up on your "to do" list!

Let's take a closer look ... 🧐

CubFinance: DeFi for the Masses!

On Day #5, I am not intending to give you a "blow-by-blow" guide on how to get involved, etc. Many others have already done a very nice job of covering that.

For my own reference in the future (see my Close ...), as well as for your benefit, I thought you might find some potential value in "seeing through my eyes" what Cub Finance appears in these early days to represent.

Source: "Header" on the Cub Finance Home page

"Right out of the box" we all form vitally important first impressions. As I used to say long ago, to the teams I trained:

"You have one chance to make a good first impression! It is all uphill or downhill from there ..."

The marketing concept of tying the launch of Cub Finance to a baby Lion King was brilliant! So ... Check that "good first impressions" box!

Source: TVL on the Cub Finance Home page @ ~ 12:00 MST on 13 Mar 2021

Great! So we have all experienced great marketing, but no substance "behind the curtain" to what is being promised / promoted, i.e. greatly over promised and woefully under delivered. And the better the marketing, the greater the expectations raised. Right?

So ... How is that going?

Clearly I am not alone in thinking this launch was both brilliantly conceived and very well executed.
What a proud Papa to see his "baby' reaching a TVL of + $10M USD on Day #5!

________________________

Much has already been written about all of this. My contribution will simply be to concisely (for me πŸ˜‰) capture my top 3 key concepts, as they have occurred to me, over the last 5 days:

  • Why pretend, as WallStreetBets
  • (in)famously did recently, that you can "win the game" against Wall Street or its equivalent in your part of the world?

    Instead, build your own "Field of Dreams" and they will come! Kudos to @khaleelkazi and his LeoFinance dev team (@fbslo and @cadawg are the only ones I have seen mentioned) for the "field" they have created. "Live long and prosper!" πŸ‘ŒπŸš€

  • If you don't already, DYOR into the power of DEXes vs. CEXes and how incredibly fast, inexpensive (BSC is "killing" ETH ...), and efficient they are in executing your transactions. What can the argument be against "they are the future?" πŸ€·β€β™€οΈπŸ€·β€β™‚οΈ

  • "Not your keys, not your crypto" - I cannot recommend highly enough the use of a Ledger-backed wallet in support of your participating in this incredible "new world." No, they are not cheap. Yes, they are worth every penny! In peace of mind, amongst many other things ...

    Stated too strongly for some, perhaps, but given the amount of money you potentially have now (or soon will) sole responsibility for securing, to do otherwise is just foolish.

    Note: All of my transactions are being executed on my Ledger-backed Metamask wallet. Works great!

I could (and have in some cases) write a post about each of these. Perhaps another day! πŸ˜‰

________________________

"Talk is cheap."

What did I decide to personally do about all of this? Given my experience with the WLEO launch and all of those "historic" (imagine what ancient history 5 months is in the "cryptosphere" ...) events, I went +3X of that investment into this one.

Both because of my view of the greater value represented by Cub Finance, as well as the blessing of having purchased some BNB back in 2017 which I needed to "put to work!"

Source: Harnessing the power of the "How much is my LP worth?" website

  • Note: Please refer to the excellent post written by @finguru, for more information on this very helpful utility website.

Here you see the framework of my own investment into CubFinance - 3 liquidity pools (LP) and 1 "den." Unlike the WLEO LP on UniSwap, there is more than one option on how to participate. I have 1 invested in BLEO and 3 in CUB. There are others, which you are encouraged to investigate and consider.

The very specific objective you are encouraged to have is creating a new income stream for your crypto assets. That is, you are not just HODLing and waiting for their value to (hopefully) appreciate some day to allow you to reach your "freedom number."

No!

You are acting on the time-honored principle of putting your money to work making more money! Which it will do on its own 24 / 7 / 365, no matter what you are doing in the meantime!

Once these income streams are flowing, you can then choose whether to take some out here and there, "reinvest your dividends" through compounding, or whatever seems best to you!

________________________

In our crazy "new normal" post COVID world, have you been deceived to believe the "Almighty" State is going to take care of you?

Source: Creator Cartoosh on Wikipedia Commons

You may want to seriously rethink what you are placing your trust and hopes for your future. I highly recommend you take a very close look at what the LeoFinance Community has already done, is doing, and projecting to do on its Roadmap for its (your?) future.

They have already established an enviable track record!

A Tribute to @khaleelkazi

Ever spend any time thinking about the "little things" (at the time) which subsequently become much "bigger" than you could've ever imagined? I'll start this section by referring to a decision Khal made on 2 July 2020.

To do what?

Read the post of someone who he might've noticed here and there, in the past, but very unlikely to have been on his "radar screen." Not only that, but invest further time in commenting on it. His first sentence?

"Thanks for sharing this experience, I have a lot of takeaways to work on."

The post? It was mine. He had chosen to write much more than the typical and far too common variants along the lines of "nice post" and (why do people even bother? πŸ€·β€β™€οΈ) that's it! He scored in a decisive way with me at a critical time in my "journey" on the Hive blockchain. The rest is history and I have written about it elsewhere ...

In that post, on my first significant experience with the LeoFinance Community, I took the rare step, for illustration and documentation purposes, to show the contents of my LeoDex wallet:

Source: @roleerob's wallet in LeoDex, on 2 July 2020

I have written posts about the value of well-timed (coincidence?) words of encouragement, the importance of hard work, and the opportunity we all have for the "little people" to do well in investing in this remarkable new asset class.

For now, I will close this tribute by simply stating @khaleelkazi covers "all the bases," from what I have seen and experienced over the last 9 months. You could certainly do a lot worse, if you haven't before now, than make a conscious decision to get more involved with the LeoFinance Community, invest in some LEO tokens, some CUB tokens, and some ?...? (#ProjectBlank) tokens in the near future.

________________________

As an investor, the high points of my own fateful decision to place my trust in this man and his vision?

  • The WLEO in my stake in the WLEO liquidity pool on UniSwap (the Ethereum blockchain) is greater than the LEO all can see I have entrusted to Hive Engine.

  • The BLEO in my stake in the BLEO liquidity pool on CubFinance (the Binance Smart Chain) is sizable and could be greater than what I have on Hive Engine as well, but instead I have chosen to also invest heavily into the CUB token, for which there is no Hive Engine equivalent.

  • On Day #5, my CUB stake is in place and growing nicely, as I continue to "reinvest my dividends" every few hours. Who knows what the future holds as far as the ultimate value of these vs. my LEO stake?

  • Last, but not least, my upvote has reached a value of greater than $1.00 USD. No, no, not in HIVE. In LEO! πŸ˜‰

It brings a smile to my face to refer to this, while looking at the image above of the value of my LeoDex wallet on 2 July 2020. The single best investment decision I have made since "jumping in" to this digital asset class in August 2017, was investing in the LeoFinance Community and its LEO token!

And, as good as that has been and as much as I have enjoyed it, I still truly believe we are only in the early stages of what can be! πŸ¦πŸš€

________________________

"Op-Ed" Alert!

Note: If thin-skinned / overly sensitive / easily offended,
you'll want to skip right over this next section ....

In "debating" back and forth with myself on whether or not to say anything more, I have decided to "get it out" ...

Reading in the last several days the comments of many, I cannot help noticing some of those who just can't resist the temptation to "bring down" the achievements of others, to elevate their own. Which stand out? Those from various OG witnesses and their "legion of followers" who in their typical "echo chamber" fashion and driven by their need to maintain their theoretical "big-time influencer" status, have to emphasize without our Hive blockchain, none of this would've happened ...

It was be hard to overstate how much I despise that mindset. The Hive blockchain can boast many obviously very intelligent and talented programmers / developers who, in their arrogance, think they are more than that.

You're not, as the results of the last 5 years should have, by now, made abundantly clear. Savvy "coders?" Okay ... Savvy businessmen? Not even close ... Enough said ... You know (or at least you should ...) who you are. A healthy dose of humility would go a long way ...

"You" may want to give serious consideration to offering @khaleelkazi (which he may decline ...) a much more prominent role in current and future discussions about the future of our Hive blockchain than what he has been given in the past. He clearly possesses a skillset sorely lacking and desperately needed, for the long-term prospects of our Hive blockchain.

My $0.02 ... βœŒπŸ‘‹

Postscript to CubFinance: DeFi for the Masses!

With my latest "POL" post now almost "in the bank," back to my real-life responsibilities, in general, and my work on a system to adequately handle the accounting πŸ˜’ for all of these new digital asset transactions, in particular. No small task ...

But ...

If I stay focused ...

Source: Creator MasterTux on Pixabay

I will get there ... πŸ˜‰

________________________

In the meantime, I will also be keeping as much of an eye as I can on my stake in this amazing "virtual world" and contributing here and there, where I can.

Who knows ...

Source: Creator DarkWorkX on Pixabay

... maybe one day I will emerge from the shadows and return to a more active role in frolicking about ...

Closing

Waking up to the total market capitalization of the "cryptosphere" reaching an ATH, the obvious and immediate next thought was " ... how is our 'slice' of it doing?" Well, as I am very happy to report that it is also at an incredible ATH, I had to set aside my real life responsibilities and write this post.

For your own sake and dreams of the future, dear reader, I hope you will take the time to seriously look into what DeFi, in general, and Cub Finance, in particular, has to offer. If I can help you in any way, with questions, comments, and / or concerns, please feel free to ask me in the comments below. I will do what I can to help you.

I’d love to hear any feedback you may be inspired to provide.

Until "next time," all the best to you for a better tomorrow, as we all work together to build up our Hive Communities and add increasing value to our Hive blockchain! πŸ‘ 😊

Respectfully,
Blogger @roleerob
Hive "Dolphin" 🐬, LeoFinance "Whale" πŸ‹, & Man Cave "Dragon" πŸ‰

🐝 🍯 🐝


________________________

P.S. I am not a financial adviser. Please consider this post as financial information and / or opinion only. Please perform your own due diligence, in whatever manner seems best to you, if you have found it to be beneficial.

________________________

Posted using LeoFinance and β€œimmutably enshrined” in the Hive blockchain on Saturday, 13 March 2021!
🌲 No trees were harmed in the publishing of this post! 🌲


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pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 48 of my contest just started...you can now check the winners of the previous week!
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Nice to see you are crushing it on the LEO investment @roleerob! It will be interesting to see everything that is yet to come for the platform. I also staked my airdrop by now and will just hodl.

Thanks for the howmuchismylp.com website, I didn't know that one yet.

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Yep ...

"Nice to see you are crushing it on the LEO investment @roleerob!"

... no complaints! πŸ™‚ The major decision I made last summer to get away from the "echo chamber" input on the "approved" list of activities, e.g. always power-up and never power-down, has proven to be the best decision I have made in my ~ 3-Β½ years "in here."

Instead, I chose to make my own decisions, having a lot of experience in life, from which to base them ... The referenced exchange in this post with Khal told me far more than he likely realized. The subsequent decision to become a LEO "whale" has proven to be very profitable. The LeoFinance team's progress since that July decision is just remarkable.

As I have never been the "half measures" sort (witness my support of your project) and since I think they are only "warming up," I elected to make a major investment into Cub Finance. πŸ™‚ I can hardly wait to see what the addition of LeoBridge (between ERC20 and BEP20) can do to this new platform!

Thank you for stopping by! πŸ¦πŸš€πŸ‘‹

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Congratulations @roleerob! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You distributed more than 76000 upvotes.
Your next target is to reach 77000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

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Dear my respected senior @roleerob , Your good and cool commercial English phrases are too difficult for an American elementary school student like me. πŸ˜„

After several days of reading your wonderful sentences translating, I came to this simple conclusion. πŸ˜…

Here you see the framework of my own investment into CubFinance - 3 liquidity pools (LP) and 1 "den." Unlike the WLEO LP on UniSwap, there is more than one option on how to participate. I have 1 invested in BLEO and 3 in CUB. There are others, which you are encouraged to investigate and consider.

The very specific objective you are encouraged to have is creating a new income stream for your crypto assets. That is, you are not just HODLing and waiting for their value to (hopefully) appreciate some day to allow you to reach your "freedom number."

Did you claim that when I sign up for CubFinance, I can see the change in the value of the virtual currency in my wallet?
Do you mean that it is easy to buy and sell, looking at the rising and falling rates of cryptocurrency?

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Good morning (here) my Korean friend. No ...

"Did you claim that when I sign up for CubFinance, I can see the change in the value of the virtual currency in my wallet?"

... I made no such claim @goldgrifin007. You will only be able to track the value of the virtual currencies you have invested in Cub Finance. The two primary virtual currencies in Cub Finance are LEO and CUB. LEO exists on the Hive blockchain. CUB does not ...

"Do you mean that it is easy to buy and sell, looking at the rising and falling rates of cryptocurrency?"

I am hesitant to answer this question. I would not personally classify all that is needed to successfully interact with Cub Finance as easy. Being involved with liquidity pools like this was a new experience for me. Having an experience base of 3-Β½ years in this asset class, from which to draw upon, made it relatively straightforward for me to invest.

Glad I did!

I hope the day arrives when I can read that you have chosen to invest some of your own hard-earned money into this new asset class. To be crystal clear, I am not encouraging you to do that until you have a better understanding of what you are doing. An essential part of that being to not invest more than you are prepared to lose ...

Have a great day! πŸ™‚πŸ‘‹


P.S. At payout of my upvote of your comment here, you will have = $1.00 USD in LEO, in your Hive Engine wallet (assuming the price is the same or higher than it is today ...):

image.png

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Good afternoon! Dear @roleerob! Thank you for reading awkward English like my American elementary school student. πŸ˜„

... I made no such claim @goldgrifin007. You will only be able to track the value of the virtual currencies you have invested in Cub Finance.

Does it mean that if I invest in Cub Finance, I can see the changing value of the cryptocurrency in my wallet?
I didn't know if there was such a convenient way.πŸ˜€

The two primary virtual currencies in Cub Finance are LEO and CUB. LEO exists on the Hive blockchain. CUB does not ...

Do Cub Finance and LEO Finance use different cryptocurrencies as investment products?
From my point of view, I think the two companies are creating different stocks of theirs.
I feel like cryptocurrencies are stock investment products. I have never made a stock investment, so I don't know. πŸ˜…

I am hesitant to answer this question. I would not personally classify all that is needed to successfully interact with Cub Finance as easy. Being involved with liquidity pools like this was a new experience for me. Having an experience base of 3-Β½ years in this asset class, from which to draw upon, made it relatively straightforward for me to invest.

I don't understand the dictionary concept of your argument. However, it felt like you were currently investing in stocks.
Do liquidity pools mean stock market volatility? πŸ˜…

Glad I did!

I hope the day arrives when I can read that you have chosen to invest some of your own hard-earned money into this new asset class. To be crystal clear, I am not encouraging you to do that until you have a better understanding of what you are doing. An essential part of that being to not invest more than you are prepared to lose ...

Have a great day! πŸ™‚πŸ‘‹

First of all, I want to learn the concept and usage of cryptocurrency and blockchain.
I would also like to know the concept of centralization and decentralization that you argue.
It would be nice to get rich by buying and selling cryptocurrency, but I want to study now.
Currently, Korea is dominated by the Chinese economy. I want to learn from my American seniors how the future of the world is changing.

@roleerob teaches me that humans can buy freedom with money.
Currently, Korea is turning into a slave to Chinese capital.
So, Koreans are struggling to get dollars.
Only Koreans with dollars can be free. So, Currently, the value of the dollar is growing in Korea.
Jesus was sold as a slave for 30 silver coins. I currently don't have 30 silver coins to buy my freedom.

I believe @roleerob can teach me how to earn 30 silver coins.😌

P.S. At payout of my upvote of your comment here, you will have = $1.00 USD in LEO, in your Hive Engine wallet (assuming the price is the same or higher than it is today ...):

Dear @roleerob, Do you mean I get a dollar if I give upvotes in your comments?

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(Edited)

Hmmm. We have our usual translation issues this morning (here) I see, my Korean friend. But ... I will try a little bit to straighten some of it ...

No, crypto currencies are not stocks. They represent an entirely new asset class into which we can invest. They simply did not exist prior to the brilliantly creative idea of Satoshi Nakamoto in 2009.

I call "crypto currencies" digital assets (I suppose, in a similar way, they could be called virtual assets). That is my own way of referring to them, as many of them are far more the currencies of any kind. Take the Hive blockchain itself as one example which you know well by now. Blockchains like Ethereum and Binance Smart Chain support smart contracts upon which whole business concepts can be built. Like "DeFi" (decentralized finance) concepts like Cub Finance.

As stated to you many times before, I am not rich nor do I have an interest in becoming rich. I am investing in this new digital asset class as a means by which I can preserve the purchasing power of the financial resources I do have. To provide for my beloved lifemate and I in our declining years ... Nothing more, nothing less. Only God knows how successful we will be.

When you decide you are ready to invest some of your own money, I will do what I can to help you, given the difficulties we have communicating across our language barrier.

Have a great day! πŸ‘‹


P.S. On this ...

"Do you mean I get a dollar if I give upvotes in your comments?"

... no, I do not mean that. I am showing you my upvotes (and some from others) of your comments will soon reach a cumulative total of + $1.00 USD in value.

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No, crypto currencies are not stocks. They represent an entirely new asset class into which we can invest. They simply did not exist prior to the brilliantly creative idea of Satoshi Nakamoto in 2009.

I have seen the buying and selling of cryptocurrency as the price of cryptocurrency rises and falls. So, I thought the market for cryptocurrency was the same as the stock market.

I call "crypto currencies" digital assets (I suppose, in a similar way, they could be called virtual assets). That is my own way of referring to them, as many of them are far more the currencies of any kind. Take the Hive blockchain itself as one example which you know well by now. Blockchains like Ethereum and Binance Smart Chain support smart contracts upon which whole business concepts can be built. Like "DeFi" (decentralized finance) concepts like Cub Finance.

It will be understandable only if I trade virtual currency myself.
I currently don't have a personal account to trade cryptocurrency. So, I am going to create an account. πŸ˜„

... no, I do not mean that. I am showing you my upvotes (and some from others) of your comments will soon reach a cumulative total of + $1.00 USD in value.

Does that mean that every time you upvote someone's comment, you're given a dollar to that person?

PS: Dear @roleerob , I'm sorry I ask you too many questions. I wish you health and longevity.

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"Does that mean that every time you upvote someone's comment, you're given a dollar to that person?'

No, @goldgrifin007, it does not mean that. The value of my upvote, your upvote, or anyone else's is dependent upon what % of their voting power they apply to their upvote:

image.png

And, then, what the value of the token is, at the time of payout (7 days is the payout period on the Hive blockchain). Above, you are being shown the value of what I just applied (20% <=> 0.626 LEO) to upvoting your comment here. This upvote of your comment is being shown in LEO, which is worth + 2X the value of HIVE, which you will also receive from my upvote ...

Hopefully, if you don't already know this, you will be helped by this explanation.

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No, @goldgrifin007, it does not mean that. The value of my upvote, your upvote, or anyone else's is dependent upon what % of their voting power they apply to their upvote:

And, then, what the value of the token is, at the time of payout (7 days is the payout period on the Hive blockchain). Above, you are being shown the value of what I just applied (20% <=> 0.626 LEO) to upvoting your comment here. This upvote of your comment is being shown in LEO, which is worth + 2X the value of HIVE, which you will also receive from my upvote ...

Thank you for your kind advice! I'll try it myself. There is an English adage that experience is the best teacher. πŸ˜„

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Dear @roleerob, Are you busy now? I'm sorry, but I would appreciate if you critique the article I wrote.
I linked your photo without your permission. Perhaps, I thought you would feel unpleasant because of my awkward English.
I found out that the article I wrote was not editable after 7 days. Before that I want you to come and point out the errors in my article. πŸ˜…

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"Are you busy now?"

Yes, very busy my Korean friend. Now is not a good time. Too much going on for me in the "real world" to spend any time "in here" ...

Yes, I am aware of your use of my photo and writing a post which once again seemed to cover familiar ground ... I have written about some of those aspects of your writing style in the past. To gently try to get you uhhh ... " redirected" ...

Yet, you persist. πŸ€·β€β™‚οΈ

You are, of course, free to do whatever you want. Unlike others "in here" who might downvote your work, I will not do that. As my brother in Christ, I will just overlook it ...

Have a great day! πŸ‘‹

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Yes, very busy my Korean friend. Now is not a good time. Too much going on for me in the "real world" to spend any time "in here" ...

I guess you are very busy! I'm worried that maybe I've taken your time.

Yes, I am aware of your use of my photo and writing a post which once again seemed to cover familiar ground ... I have written about some of those aspects of your writing style in the past. To gently try to get you uhhh ... " redirected" ...

What you had previously advised about my writing style, I forgot in my current memory. sorry. πŸ˜…

To gently try to get you uhhh ... " redirected" ...

I want you to talk to me at the level of elementary school students in America.πŸ˜„
This is because it is difficult to understand your politician rhetoric with my current level of English proficiency.

Even if you point out my misunderstandings and typos, I am not offended. Because I don't know American etiquette and conversational style.
I want you to be my English teacher.πŸ˜„

You are, of course, free to do whatever you want. Unlike others "in here" who might downvote your work, I will not do that. As my brother in Christ, I will just overlook it ...

Thank you for your kind help!

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