Investing in Cubfinance: Part Two: Investing in Farms

@shortsegments 77

over 1 year ago

LeoFinance

Cubfinance

This is Leofinance's decentralized finance project on BNB Chain.
This decentralized finance project is over one year old.
It is Certik certified, which means it's code has been examined for known exploits.
All cryptocurrency is risky, defi is risky, you could lose what you pit in, but investors in CUbfinance Liquidity pools are probably up quite a bit in the year it's been open.
I know investors in Group A Pool of @easydefi are up over 100% since last March!

Investing in the Farms

One of the challenges of investing in defi is the proliferation of terms. It's challenging to define these terms, as they are usually defined in terms of other terms!
LOL
But I shall try anyway.

Farms

These are investments in various asset pairs:
You click farnms on the left menu from the home page:

Screen Shot 20220917 at 10.30.47 AM.png

Then the farms page opens with the asset pairs you can invest in.

Screen Shot 20220917 at 10.36.30 AM.png

** If you click on a particular Fram, for example BHBD-BHive the box opens further to reveal more details.**

Screen Shot 20220917 at 10.38.25 AM.png

** As you can see this farm pair pays 37% interest on deposited funds per year.**

But you can't deposit the assets here. You have to click the print which says get BHBD-BHIVE and it takes you to PanCakeswap and the add liquidity section.

Liquidity is just assets you add to a trading pair.

Assets are things like BHIVE and BHBD.

Remember these two are just BNB Chain versions of Hive and HBD.
They are NFT tokens which represent the value of HBD and HIVE on BNB chain.
Anyway... here you add equal dollar amounts of each asset to the trading pair via this liquidity page.
Equal dollar amounts?
So for example, to add 1$ B-HBD you need 1$ worth of B-Hive, so if B-Hive was worth 50 cents, you would add one B-HBD for every 2 Hive.
When you add them here, it is a multi-step process of giving the PancakeSwap page access to your wallet. Not your Hive wallet, your Metamask or other wallet capable of engaing and interacting with webpage based defi projects. Cubfinance is a webpage based defi project. Uniswap is a webpage based defi project too.
After you add the assets here you are given tokens, called LP tokens, specifically PanCakeSwap LP tokens.
LP tokens are NFT tokens which represent the value of the assets you deposited on PanCakeSwap. This is a concept that you will see a lot of in defi. As you move from one blockchain to another you need to represent the value your tokens on one blockchain have on another. This is accomplished by using bridges. You can read my article on them Here
Now these LP tokens you get on PanCakeSwap for depositing your assets of BHBD and BHIVE on the Liquidity page are now in your Metamask wallet.
When you complete the transaction you will see a pop-up box asking you if you want to add the PAnCakeSwap token to your Metamask wallet, and you say yes.
This saves you the time.
Now you navigate back to Cubfinance and go back to the Farms page and click Enable the BHBD-BHIVE farm. This allows you to deposit your PanCakeSwap LP token here in the farm, to earn Cub.

Screen Shot 20220917 at 11.05.24 AM.png

Once you do that you will see a box with a plus + sign and a minus - sign. The plus sign is to add LP tokens and the minus sign is to withdrawal token.
You may not see your tokens here but once you click the plus sign they will show up to your left as the amount you are adding.
You will have to give permission for the project to access your wallet and ypour tokens.
Once you do that you will have to complete a metamask transaction, and then you are now investing in Cubfinance.
There are a few more steps I left out for simplicity, such as giving permission for PanCakeSwap to access your tokens in your metamask wallet, then giving Cubfinance permission to access your tokens in your wallet. These are permissions you shold revoke in the setting of your metamask wallet sould you ever withdrawal your assets to your wallet for safe keeping to prevent their theft.
So now your an investor in the Cubfinance Farms.
Congratulations!

Leofinance Signature April 2022

@shortsegments

About @shortsegments

Shortsegments is a writer focused on cryptocurrency, the blockchain, non-fungible digital tokens or NFTs, and decentralized finance. He has been on Hive since it’s beginning, and recently celebrated his fourth Hive Birthday!
He is also a project builder, with two current projects:

A Prize Linked Savings opportunity here on Hive, called The No Loss lottery.

Shortsegments operates a Prize Linked Savings opportunity here on Hive, called The No Loss lottery, which awards more the 100 Leo in prizes weekly, and which nearly 5000 Leo in deposits. No Loss Lottery Savings Account members are entered in a weekly drawing for Leo token prizes of up to 100 Leo! You can open an account by sending a minimum of one Leo to the @nolosslottery wallet.

EasyDeFi

Easy DeFi, which creates a community investment pool allowing community members to invest in the Cubfinance DeFi project created by a known Hive Community member Khaleel Kazi and whose code is an audited fork of Gooseswap, which is a fork of PanCakeSwap, the largest and perhaps safest project on Binance.
This allows pool members to benefit from being liquidity providers and earning high APR yields as high as 128% on their investment capitol.
Like all Liquidity Providers investors capitol is subject to Impermanent Loss.
Cubfinance is the Hive communities home grown Yield Farm and is audited by CertiK, a third party which certifies DeFi projects on Ethereum, Binance and polygon ecosystems.

Leofinance.io

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