Providing liquidity is the heart of a DeFi platform. I never used it much besides swapping a few assets that where within that DeFi platform. That was until recently.
Many DeFi platforms are growing and expanding. They now offer cross blockchain swaps and the ability to see right away what value you will be getting and what kind of price action will be taken.
Before you'd have to login to an exchange, try and find the right buy/sell, put in your order and hopefully it would get filled and pay in most cases a hefty fee to the exchange.
It's a time consuming process and quite honestly it's SLOW compared to the new form of crypto.
In todays crypto space I can now trade hundreds, thousands even tens of thousands in crypto with a few clicks. It's nearly instantly filled providing me with very quick assets to the funds I want.
For me this is one of the biggest core fundamentals to understand about crypto right now. To me the days of boring old exchanges are dead. They constantly fall victim to hacks and increased regulations. However swapping removes this and that's why I love about the crypto world. They ALWAYS find a way to combat increased tyranny, regulations and restrictions. The way it should be!
Hive offers something like this now in the case of diesel pools. While it's still in its infancy I believe it has huge possibilities. The biggest issue with Hive for me at least is how much of it gets locked up and how very little of it becomes liquid. Those liquid assets however are almost just as tied down as it's difficult to move Hive assets in and out. Diesel pools, Hive-engine and LeoDex.io are offering up solutions to this. While small still it's a great big step in the right direction and it's one of the primary reasons we are seeing value return to the hive price. We now have some real case velocity instead of locking it down for 13 weeks.
This brings me to CUBDeFi a platform I have been heavily investing into as of the last few months. That's because right now I primarily see it at one of its low points but understand the capabilities and what a powerful resource it is and will become.
CubDeFi was launched on the Binance blockchain which was understandable at the time being that Ethereum fee's were $50 per transaction. Just approving a contract and putting in funds would have cost you near $150 to do so while Binance at the time offered it up for less than $1.
However things change, systems shift and the LEOFinance team I believe greatly understands that and moves as fast as possible to move with those times. With the introduction of Polygon to the system soon this will open CubDeFi into Ethereum which offers up 80% of the locked up DeFi TVL at the moment.
By offering this up Cub now opens itself up to a vast amount of TVL that can be moved and with it many unique features that I feel have slipped under the radar and are not used heavily. With that we should see the price of CUB start to increase as more and more of it is burned in fees but also more of it is offered up in more and better pools/farms and kingdoms.
What are you thoughts? Are you still an old school exchange user or are you switching your ways?
