EasyDefi @easydefi pooled Leo and Hive, update #3 7/29/2021
Making DeFi as easy as buying groceries:join the pool with either Leo or Hive.
Easy DeFi Pool Update #3 on 7/29/2021
Current pool balance 2000 Leo (hive & leo)
You can send Hive or Leo to invest in the pool.
Six days ago I launched this Yield Farming Pool on Cubfinance. Investors can invest with either Leo or Hive. If you send Leo it's 250 Leo, if you send Hive, it's 225 Hive, this is the cost per unit. There are 20 units in the Pool of 5000 Leo to start! So far two investors have sent Hive and the rest have sent Leo
Name: EASYDEFI
A DeFi pool on Hive for the DeFi beginner.
The EasyDefi Pool @easydefi allows you to earn rewards from the a high APR yield Farm Cubfinance, which was created by developers on Hive: @khaleelkazi . The yield farming project is called Cubfinance, and it is 5 months old and has 4.6 million plus USD invested in the pools and farms. You can send Leo or Hive to @easydefi to join the pool and earn Cub, then receive weekly payments back to your wallet on Hive.
To enroll in this pooled investment:
You send 250 Leo to @easydefi with memo Group A or 250 Leo increments like 500 Leo, 750 Leo, 1000 Leo, 1250 Leo, etc... Thats it.
Current yield farm the pool funds are earning rewards from is Cub-BUSD
What does the estimated yearly APR of 158.77% mean?
If you look at the chart, which the computer code calculates everyday, you see two numbers 30 day ROI of 13.91 percent and 30d earnings of 213.24 Cub per 1000$
So for pool members, who invested 250 Leo or approximately 100$ USD. You earn one tenth of the estimated monthly yield for $1000, so 213.4/10 = 21.3 Cub in monthly earnings. And because at current prices 21.3 Cub is about $13.91, your monthly rate of return on a $100 investment is 13.91/100 or a 13.91% return on your investment, each month.
You of course multiply that by 12 to get an estimate of your yearly ROI and yearly earnings, but as you can see 12 months times $13.91 is approximately $150 per year for a $100 dollar investment. This is why some much money is flowing into DeFI, despite the clear risks of total loss of your capitol, the returns are very impressive.
Additional Revenue Cubfinance Kingdoms
I decided to harvest the Cub daily from Cub-BUSD Farm and reinvest it in Cub Kingdom Cub Den for additional revenue.
This is the under the hood look at the Easy Defi @easydefi pool for investors.
Below is what I do, as the pool manager, so you don’t have to :)
You don’t need to read it, but its provided here for your understanding of the multi-step process.
+Create Metamask Wallet Easy DeFi
+Create Binance Smart Chain instance in a Metamask wallet.
+Transfer Leo from the @easydefi wallet on Leofinance.io, to @easydefi Metamask wallet where it becomes bLEO, a BEP-20 token representing the value of Leo on Binance Smart Chain. I use the special webpage created by @khaleelzaki for this swap.
+Using metamask internal browser, Navigate to www.cubdefi.io
+Connect @easydefi Metamask wallet to www.cubdefi.io
+Select Trade, then Select Swap
+Swap 1/2 of the total BLEO for Cub.
+Swap 1/2 of the total BLEO for BUSD
+Now we provide Liquidity to the Cub-BUSD trading pair, and become a Liquidity Provider.
+Deposit these two dollar equivalent amounts of Cub and BUSD into the trading pair Cub-BUSD.
+The above deposit earns Liquidity Provider Tokens.
+Now we want to use these Liquidity Provider Tokens to become a Yield Farmer
+We go to Farms, choose Cub-BUSD Farm
+We deposit our Liquidity Provider tokens we were awarded for depositing Cub and BUSD in the Cub-BUSD trading pair.
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We now have Liquidity Pool Tokens for Cub-Busd Pair, and we are now Farming which is also called Yield Farming on Cubfinance using our pooled funds.
This is the under the hood look at the Easy Defi @easydefi pool for investors.
Shortsegments is a writer focused on cryptocurrency, the blockchain, non-fungible digital tokens or NFTs, and decentralized finance
Easydefi Yield Farming Pool update #3
Posted Using LeoFinance Beta
