Massive news out of the CUB DeFi camp around upcoming products, features, and initiatives. Here's what I'm most excited about and a question for all you DeFi experts out there!
Not going rehash the entire update, there's far too much to cover so here's the too lazy didn't read version:
Sit back and digest the most recent CUB DeFi updates and understand that a complete transformation is taking place. In fact I would say that the transformation has always been taking place and will always be taking place, and I think that's critical in such the fast moving and innovative space that DeFi is.
Everything is essentially new territory, and everything is ephemeral.
We can't be to attached to what we have today because while it may be working right now, that might not be the case in a couple short months from now. CUB DeFi is on a search to find market fit and I think they're really close!
Rapid innovation is taking place in the space and it's taking place here with CUB DeFi. It's an incredibly positive sign to see the Team whole heartedly embracing the rapid pace of innovation, and also iteration. Never settle, innovate, innovate, innovate, and that's what I'm seeing here.
This is the new product that I'm most excited about, and it's probably the initiative that we have the least info about. As per the usual it will surely be shrouded in secrecy until it's ready to go.
But the latest LEO Finance update did mention that more details will be coming July 12th, stay tuned!
At this point I don't think the Polygon network needs much introduction, but in a nutshell it's an EVM compatible Ethereum sidechain. In some sense it could be called an L2 because there's a settlement mechanic that takes place using L1, but that's beside the point.
It's fast, it's cheap, its decentralized, and some elements of scalability are baked in.
The decentralization factor is significant and gives it an advantage over the Binance Smart Chain which is essentially limited to 21 nodes operated by, well, Binance, with only a couple exceptions.
I'm going to go out on a limb and assume the new polygon platform is a DeFi platform, this is a CUB initiative after all.
Putting CUB on the Polygon network map early is massive!
Interoperability is where it's at. More networks, more users, more total value locked, and CUB will be introduced to yet another blockchain!
What does this mean?
The IDO launches tokens, and the Polygon platform will require a new token, so first use case? That would make sense, and you can bet that this new token will go largely to CUB holders so keep staking those CUBS.
Speaking of staking CUB's this leads me to my question for all you DeFi Experts out there.
I want to know what you're doing, or what you plan to do with this farm.
Right now we're earning CUB's through the farm at an APR of 179% which is killer! With the current setup we harvest those CUB's once in a while and move those over to the new CUB Kingdom for an additional 66% APY which will soon include BNB rewards!
Am I correct in the assumption that this farm isn't going anywhere?
I think it provides liquidity for the platform and will stay despite the wide range of changes that are ongoing to shift away from rewarding CUB and diversifying the rewards.
Will you keep with the CUB-BUSD farm as is or is there another strategy that I should be considering?
Ciao for now,
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