The best way to buy CUB using HIVE tokens: DEC / Il miglior modo per comprare CUB utilizzando i token HIVE: DEC (ENG/ITA)

in LeoFinance2 months ago

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La versione in italiano è subito dopo la versione in inglese - The Italian version is immediately after the English version


I started my adventure in the world of decentralised finance thanks to the Leofinance community project called CubFinance (https://cubdefi.com/).
I use the Farm DEC-BUSD LP and I have some CUB tokens (staked) in the DENS section of CubFinance.
My goal is to have at least 100 CUB to put in the DENS section and to reach my goal I will convert a part of the HIVE I earn from my blogging activity on Hive.

I have often received the following question on Discord:
What is the best way to buy CUB tokens without using an Exchange external to Hive?.
In this post I want to answer this very question by considering the purchase of CUB tokens from HIVE tokens and without using exchanges external to Hive such as Binance for example.
Note: it is possible to buy CUB tokens without using external exchanges but to use the CubFinance platform you need a small amount of BNB tokens.

The HIVE->CUB conversion path to follow is not linear because there are choices to be made.
In order to buy CUB tokens from a certain amount of HIVE tokens, the first step is to convert HIVE tokens to SWAP.HIVE tokens.
Two sites can be used to do this conversion:

This is the first choice to make and is an easy choice to make.
It is better to use LeoDex because it has a deposit commission of 0.25% while HiveEngine has a higher deposit commission of 1%.
In the next image you can see an example of converting 100 HIVE to SWAP.HIVE.

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Once you have obtained the SWAP.HIVE tokens you have a second choice to make.
From the LeoDex marketplace, you must choose whether to buy LEO tokens or DEC tokens.
In fact for both tokens (LEO and DEC) there is a BEP-20 version: BLeo and DEC.
LEO and DEC can be exchanged from the Trade->Exchange section of CubFinance for CUB tokens.

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To convert LEO tokens to bLEO tokens you need to use: https://wleo.io/bsc and the conversion cost is 1 LEO.

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To convert DEC tokens to the BEP20 (BSC) version you need to:

In this case there are no conversion costs.

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As you can see from the calculations in the following image, it is clear that to buy CUB tokens from HIVE tokens it is cheaper to choose to buy and use DEC tokens.

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In fact with 100 HIVE I get:

  • 14.7395 CUB if I choose the following path: HIVE->SWAP.HIVE->LEO->bLEO->CUB
  • 15.0506 CUB if I choose the path: HIVE->SWAP.HIVE->DEC->DEC(BEP-20)->CUB

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The percentage difference compared to a direct (no fee) conversion of 100 HIVE -> CUB using LEO tokens is -4.31%.

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The percentage difference compared to a direct (no fee) conversion of 100 HIVE -> CUB using DEC tokens is -2.29%.

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Conclusion


When converting my SWAP.HIVE tokens to CUB tokens I will use the conversion path
HIVE->SWAP.HIVE->DEC->DEC(BEP-20)->CUB.

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I hope this post of mine is useful and in the coming days I will write a step by step guide to show how to perform all the above steps.


Important note


I am not a financial advisor and if you decide to invest on Cub Finance or any other DEFI platform you do so by your own choice and at your own risk.

My advice is to always invest only what you can afford to lose with a light heart.


Resources:

https://cubdefi.com/

The font I used in my images and in the images I edited is Open Source


I use other blogging platforms to promote Hive, Leofinance and Splinterlands

Follow me also on:
Twitter: https://twitter.com/libertycrypto27
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ReadCash: https://read.cash/r/libertycrypto27
NoiseCash: https://noise.cash/u/libertycrypto27
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Italian Version copia.jpg


Il miglior modo per comprare CUB utilizzando i token HIVE e senza usare Exchange esterni ad Hive


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Ho iniziato la mia avventura nel mondo della finanza decentralizzata grazie al progetto della comunità di Leofinance che si chiama CubFinance (https://cubdefi.com/).
Utilizzo la Farm DEC-BUSD LP e ho alcuni CUB (staked) nella sezione DENS di CubFinance.
Il mio obbiettivo è di avere almeno 100 CUB da mettere nella sezione DENS e per raggiungere il mio obbiettivo convertirò una parte degli HIVE che guadagno dalla mia attività di blogging su Hive.

Ho ricevuto spesso su Discord la seguente domanda:
Qual'è il modo migliore per comprare i token CUB senza utilizzare un Exchange esterno ad Hive?

In questo post voglio rispondere proprio a questa domanda considerando l'acquisto dei token CUB partendo dai token HIVE e quindi senza utilizzare exchange esterni ad Hive come Binance ad esempio.
Nota: è possibile comprare token CUB senza utilizzare exchange esterni ma per utilizzare la piattaforma CubFinance è necessario avere un piccolo quantitativo di token BNB.

Il percorso di conversione HIVE->CUB da seguire non è lineare perchè ci sono scelte da effettuare.
Per comprare dei token CUB partendo da un certo quantitativo di token HIVE è necessario come primo passo convertire i token HIVE in token SWAP.HIVE.
Per fare questa operazione di conversione si possono utilizzare due siti:

  • Hive Engine
  • LeoDex

Questa è la prima scelta da effettuare ed è una scelta facile da prendere.
Conviene infatti utilizzare LeoDex perchè ha una commissione di deposito dello 0,25% mentre HiveEngine ha una commissione di deposito più alta: 1%.
Nell'immagine successiva puoi vedere un esempio di conversione di 100 HIVE in SWAP.HIVE.

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Una volta che hai ottenuto i token SWAP.HIVE hai una seconda scelta da effettuare.
Dal mercato di LeoDex devi scegliere se comprare i token LEO o i token DEC.
Infatti per entrambi i token (LEO e DEC) c'è una versione BEP-20: BLeo e DEC.
I bLEO e i DEC possono essere scambiati dalla sezione Trade->Exchange di CubFinance con i token CUB.

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Per convertire i token LEO in token bLEO è necessario usare il sito: https://wleo.io/bsc e il costo di conversione è di 1 LEO.

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Per convertire i token DEC nella versione BEP20 (BSC) è necessario:

In questo caso non ci sono costi di conversione.

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Come puoi vedere dai calcoli dell'immagine seguente è evidente che per comprare i token CUB partendo dai token HIVE è più conveniente scegliere di comprare e utilizzare i token DEC.

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Infatti con 100 HIVE ottengo:

  • 14,7395 CUB se scelgo il seguente percorso: HIVE->SWAP.HIVE->LEO->bLEO->CUB
  • 15,0506 CUB se scelgo il percorso: HIVE->SWAP.HIVE->DEC->DEC(BEP-20)->CUB

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La differenza in percentuale rispetto ad una conversione diretta (senza fee) di 100 HIVE -> CUB utilizzando i LEO è di -4,31%

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La differenza in percentuale rispetto ad una conversione diretta (senza fee) di 100 HIVE -> CUB utilizzando i DEC è di -2,29%

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Conclusione


Quando convertirò i miei token SWAP.HIVE in token CUB utilizzerò il percorso di conversione
HIVE->SWAP.HIVE->DEC->DEC(BEP-20)->CUB.

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Spero che questo mio post sia utile e nei prossimi giorni scriverò una guida passo passo per mostrare come eseguire tutti i passaggi sopra esposti.


Nota importante


Io non sono un consulente finanziario e se decidi di investire su Cub Finance o in qualsiasi altra piattaforma DEFI lo fai per tua scelta e a completo tuo rischio.

Il mio consiglio è di investire sempre e soltanto quello che puoi permetterti di perdere a cuor leggero.


Resources:

https://cubdefi.com/

The Font I used in my images and in the images I edited is Open Source


Uso altre piattaforme di blogging per promuovere Hive, Leofinance e Splinterlands

Seguimi anche su:
Twitter: https://twitter.com/libertycrypto27
Publish0x: https://www.publish0x.com/libertycrypto27?a=MYervALeOB
ReadCash: https://read.cash/r/libertycrypto27
NoiseCash: https://noise.cash/u/libertycrypto27
Blurt: https://blurtter.com/@libertycrypto27


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Great guide to put together. I hope others see it and follow the steps. It is not easy but it is possible.

Posted Using LeoFinance Beta

Yea I like that there an alternative to converting LEO and it might be more worth it when its smaller amounts of token. But this makes it difficult to figure out which pool is the best because the CUB Den is probably a risky investment and bLEO/BNB is safer. Maybe a DEC/CUB might be a good LP position too.

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Maybe a DEC/CUB might be a good LP position too.

yes I agree DEC/CUB would be a good pool

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It is not easy but it is possible.

Yes it's true it's not very easy, there are several steps to perform to use CubFinance starting from HIVE to Cub.
In the next days I will try to write a step by step guide trying to put myself in the shoes of a new user.
Thanks a lot @taskmaster4450le for your comment and support
!BEER

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Thanks a lot for your tutorial. Clear and straightforward explanation as always :)

The outcome also depends on:

  • market depth
  • how much you convert
  • what you need in the end

1 $LEO wrapping fee is a bit too much in my opinion and this is the main reason why DEC way is cheaper.

I'll try the DEC way one of these days when I accumulate enough liquid Hive-Engine tokens.

@tipu curate

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Thanks a lot for your tutorial. Clear and straightforward explanation as always :)

Thanks a lot for your comment :)

The outcome also depends on:
market depth
how much you convert
what you need in the end

Yes exactly all three factors you listed are to be considered.
The smaller the amount of LEOs you want to use to buy CUBs, the more the fee of 1 LEO impacts.

Thanks a lot @ervin-lemark also for tipu :)
Have a nice day
!BEER

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This is a very nice guide. I didn't realize that the DEC conversion had zero costs so I guess the Splinterlands team is covering the cost. So in your opinion, it is better to convert LEO to HIVE and then HIVE to DEC in most cases? I guess I'll have to look more into getting some DEC for this.

I plan to bookmark this for the future and do some own math when I need to convert.

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This is a very nice guide

Thanks I'm glad you liked my guide :)

So in your opinion, it is better to convert LEO to HIVE and then HIVE to DEC in most cases?

Yes it is better and it is especially so when the amount of LEOs you want to use to buy CUBs is small because the fee of 1 LEO affects more in percentage.
!BEER

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I was planning to invest in increments of around 50 LEO or 100 LEO at a time. Basically just one or two transactions to save on the costs. I might play around and see how things go and split some into DEC depending on what happens.

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These conversations had always confused me and I was looking for a good guide for the same.
Thanks a lot for compiling the guide and sharing it here. This is a great help.


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Thanks to you @harpreetjanda
I am very pleased that you find my guide useful.
!BEER

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Your post was promoted by @taskmaster4450le

thanks a lot
!BEER

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THANK YOU! Didn't know that was possible, very useful article! Specially for me who earns some DEC daily and would like to put it to work!

Thanks to you, I'm glad you found my article useful.
To make DECs work there is also the DEC/BUSD pool, I wrote a guide a few days ago that may be useful to you:
https://peakd.com/hive-167922/@libertycrypto27/dec-busd-step-by-step-guide-cubfinance-defi
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Your guide is saving me tremendous effort on the research for getting involve with Defi.

thank you, I'm glad you found my guide useful.
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Thank you for this post. This is good information to have and I will save it to use later. It is very helpful to new guys like me.


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