Image from https://cubdefi.com/
Hello friends, this tutorial will be short but it will help you with the steps to participate in CubFinance. I just added liquidity to two of the three options CubFinance gives us. This is amazing! I fully trust LeoFinance projects and this has been my best investment of 2021. In order for you to participate you will need BNB and a Metamask wallet.
1-Create Metamask wallet
2-Buy BNB
3-Send BNB to Metamask
4- Exchange BNB to CUBE, LEO or BUSD in CubFinance (You can also use the CUB that they gave you if you participated in the airdrop or LEO that you have in your HIVE wallet
5-Optional. Convert LEO to bLEO
6-Add liquidity in the available pools
7- Enjoy the growth of the project
It is important that you take into account the amount you want to invest, since to participate in these pools of liquidity, you need to contribute 50-50 of each currency.
For example, if I want to participate in CUB-BNB, I must buy X amount of CUB and keep the equivalent in BNB. So you can reap your first profits.
The first 3 steps are very simple. To create a wallet in Metamask, you simply go to https://metamask.io/ and perform the relevant steps. SAVE YOURSEED LIKE GOLD !!!
You will need to buy BNB, for this you will create an account in Binance if you do not have one, or ask a good friend to do you the favor of buying BNB. On Binance, trading any crypto starts at $ 10. However, there is an option for those with less than that amount, and that is to check the box "convert small balance to BNB". This option will give you a little less than a trade, but it is still an excellent option. You have a limited number of these SWAPs to daily BNB, so use them wisely. (You can use the exchange in CubFinance to get BNB with other crypto, feel free to explore)
To send your BNB to Metamask, you must do it through the BSC (Binance Smart Chain), and don't worry, the fees are very low. For this we are going to add the BSC to Metamask. We simply click on NETWORKS and press Custom RPC (Settings or Configuration is used on cell phones). The following parameters are added
BSC Mainnet:
Add an RPC URL (Recommended: https://bsc-dataseed.binance.org/)
ChainID: 56 (if 56 doesn鈥檛 work, try 0x38)
Symbol: BNB
Block Explorer: https://bscscan.com
and ready!!!! It should come out like this in Metamask.
Now, before the best part begin, you need to add all of these wonderful tokens to metamask, so you can actually see them. Here I leave you the contracts of both CUB and LEO. Please redirect to the original links because setting the wrong contract is a delicate issue.
CUB Token
Contract Address: 0x50d809c74e0b8e49e7b4c65bb3109abe3ff4c1c1
(check here)
bLEO Token
Contract Address: 0x6421531af54c7b14ea805719035ebf1e3661c44a
(check here)
Here we can continue to the next steps. We are going to go to CubFinance and we are going to connect our Metamask in the upper right corner.
Once inside, we are going to look at the beautiful pools available.
Let's use an example. If I have 0.06 BNB, and I want to invest in the CUB-BUSD pool, I would need to obtain the same amount of CUB and BUSD. For them we go to the Exchange option and we buy half of our BNB in BUSD and the other half in CUB. KEEP A SMALL AMOUNT OF BNB FOR COMMISSIONS.
Then you are going to go to Liquidity and you are going to add the amount you have of BUSD or CUB. You simply give MAX to one of them and it will adjust to your balance.
You press Supply, wait a few seconds and that's it. YOU ALREADY ADDED LIQUIDITY.
Now you go to the corresponding FARM and give it Approve contract.
Now every certain period of time you will receive CUB, you can sell it or stake it.
Just remember, this is not financial advice, and if you take these steps it is because you have decided to invest for the long term. The price at which you are going to buy CUB is going to be much higher than the price in days and months. But you will be receiving interest that will compensate for possible losses. If you have any doubts, please let me know in comments
I believe in LeoFinance and that's why I invest in LEO, LBI and now CUB. I made a tutorial in Spanish also, because the latin community is also an active part of LEOFINANCE (@mejiasclaudia/cubfinance-paso-a-paso-en-espanol)
References (go there to clear doubts about parameters)