Liquidity Farming simplified through Cub Finance

I've known how liquidity pools work in theory but I've never been able to participate because they've either always been on the expensive ETH network or are run unknown entities.

Cub finance is run by our very own @leofinance team and offers a simple entry point for access into the world of liquidity farming. This post isn't going to be a breakdown of how to provide liquidity and farm Cub token because there's an elaborate explainer on the Cub Finance docs page that could teach a toddler how to do it. Here's a top level summary;

Connect your metamask or any ETH wallet to Binance smart chain
Add token
Pool them against each other
Stake the pool and farm CUB

So liquidity pools are things that I have largely looked at from the outside and generally avoided. I honestly intended to ignore this pool well. However, I decided to take a plunge with this one due to the previously mentioned reasons and the insane hype.

So I provided liquidity by pooling Bleo and BNB in a 50:50 ratio. After pooling, I staked the pool and started farming Cub token. The Cubs were coming in at a steady rate and with that insanely high APR that I suspect will drop in a while, I'm feeling very accomplished.

I'm very optimistic about this product and that's why I'm throwing as much weight as I can into the project. The use of BSC has ensured that low-income people like me can participate in this liquidity mining that I've read and even written articles about.

I got into the pool with a cumulative of roughly $500 in total. Half goes to BNB and the other half for Leo tokens. The rush for Leo tokens and BNB will most likely drive the price of both tokens up, with Leo in particular, standing to gain more in price(relatively speaking), due to the smaller market cap.

My cubs are already working

We now have a very attractive product on our hands that many crypto enthusiasts like me who base our decisions on trust that is sprinkled with emotions can use. I know you'll say emotions shouldn't be part of one's decision making but that's fundamentally impossible, since we're all human. I'll keep my fingers crossed and hope for the best.

Posted Using LeoFinance ^Beta