I Invested In Cubs New Kingdoms
The other day I wanted to dive into kingdoms but transferring funds has been difficult as of late between swap programs. Finally! just a few days ago I was able to get my hands on a little Cake and from it dropped it into the new Kingdoms of CubDeFi
What Are DeFi Kingdoms ?
Kingdoms are a new addition to DeFi in which you can stake the following.
CAKE
BNB-BUSD LP
ETH-BNB LP
DOT-BNB LP
and more coming soon.
CAKE Kingdom Breakdown
In this case I'm going to review CAKE itself as you can see that's where I have about 1.74 CAKE currently investing into the kingdom (more coming soon as the swap program finally opened back up!)
If I click on the little down arrow I can review details of the entire kingdom which I want to break down.
*All attempts at correct information have been taken. Values are subject to change at any time.
In this case you can see my current (Staked) amount of CAKE is 1.739 or current value of about $28.91 from that I've earned 0.027 CUB or current USD value of $0.01.
Auto compounding on this contract happens 4,200 times a year and the total APY at the moment is 126.06% of which 116.36% is from the FARM (CAKE) and 9.71% is from CUB. These two combined give me my Total APY. It means you earn CAKE PLUS CUB at the same time. The contract auto compounds so I don't have to do anything with that. The only thing would be is when I want to harvest my CUB out of the Kingdoms.
Kingdoms are a new way to earn more from DeFi. Instead of having to harvest, covert and restake like you do with manual DeFi platforms. Kingdoms does this on auto pilot for a fraction of the cost. While large investors don't feel fees like this hard smaller ones do and this is a great way to get started and really maximize your earnings in DeFi.
At some point soon all Dens and Farms will be converted to Kingdoms. The most recent of those being ETH-BNB and DOT-BNB
Happy DeFi earning!
Posted Using LeoFinance Beta
Yes buddy! Welcome! :D
Did you hear about the new Kingdoms Cub pool?? Which auto compounds your cub into the Den (I think)
Khaal talked about it in an AMA :D
Wonderful work and great to see people jumping across to kingdoms. Looks like it's a little safer and less requirments also.
Auto compounding is where it's at! Great to see people starting to get into the dens, hope to join ya'll soon enough.
Posted Using LeoFinance Beta
Kingdoms are going to be a game changer! I have invested in a few and I'm really looking forward to investing in the Cub Kingdom when it comes out!
Posted Using LeoFinance Beta
I'll be jumping on that wagon as soon as I'm back from vacations!
Seem to love the auto compounding feature on this one. Will be testing out the kingdoms soon after been a little cautious about it
The Kingdoms are great and I am little confused about whether or not I want to change my LEO directly into CUB or put them in a farm. Personally I want to add to the CUB/BUSD and maybe I'll slowly add the CUB into the Den/kingdom in the future.
Posted Using LeoFinance Beta
I hit up the CUB/BUSD pretty hard at the start now I'm pretty much focused in on CAKE as it's producing some decent APY returns. It's like two DeFi's in one in terms of building up earnings
Yay! 🤗
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I've got my toes in the kingdoms too. I know I should switch more over, but the process is fairly time consuming.
I keep thinking if the markets are shit, I should move more over to earn.
I put quite a bit of CAKE in. It is growing pretty quick. I cannot wait for the CUB kingdom... (once the multipliers adjust)
Same here i invested more cake and also into the bnb and dot kingdom,
Are you also compounding the cub in the cub den as well :)
Nice post!
Posted Using LeoFinance Beta