Making DeFi as easy as buying groceries…join the pool.
Easy DeFi Pool Update #2 on 7/27/2021
Total Leo in Pool: 2000
Four days ago I launched this Yield Farming Pool on Cubfinance and the total investment thus far is 2000 Leo!
This was 1500 Leo and 450 Hive, which was converted to 500 Leo.
Name: EASYDEFI
A DeFi pool on Hive for the DeFi beginner.
This is a new project I am launching here on Hive, which allows you to participate in a high yield, yield farming project created by developers on Hive .
The yield pool is called Cubfinance, and it is 5 months old and has 4.6 million plus USD in the pools and farms. You can send Leo or Hive to join the pool use your Hive and earn some of the high yields you hear about in yield farming.
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. Cub-BUSD
What does APR of 158.77% really 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 213.24 Cub per 1000$
So for pool members, who invested 250 Leo or more then 100$ USD. You earn one tenth of this estimate or 21.3 Cub per month, about 14$ or a 13.91% return on your investment, each month.
Below is what I do, so you don’t have to, to participate in Yield Farm Pool Participation Steps. You don’t need to read it. Unless you want to learn.
+Create Metamask Wallet Easy DeFi
+Create Binance Smart Chain instance in a Metamask wallet.
+Transfer Leo to from the @easydefi Leofinance.io wallet to our Metamask wallet for the pool, as bLEO , a BEP-20 token representing the value of Leo on Binance Smart Chain.
+Navigate to www.cubdefi.io
+Connect our Metamask wallet
+Select Trade, then Select Swap
+Swap 1/2 or 875 BLEO for Cub about 286
+Swap 1/2 or 875 BLEO for about 247 BUSD
+Now we provide Liquidity to the Cub-BUSD trading pair, and become a Liquidity Provider.
+Deposit this new dollar equivalent amount of two assets 875 BLEO worth of Cub and 875 BLEO worth of BUSD, are deposited into the trading pair Cub-BUSD trading pair.
+The above deposit earns 220 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.
- We have over 220 LP Tokens for Cub-Busd Pair, we are now yield farming on Cubfinance using our pooled funds.
As you can see we are already earning tokens a few minutes after our deposit. 🙄☝️The total Liquidity in the Farm 1,370,784.00 US Dollars worth of BUSD and Cub.
Cub-BUSD Farm numbers
What does APR of 158.77% really 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 213.24 Cub per 1000$
So for pool members, who invested 250 Leo or more then 100$ USD,
You earn one tenth of this estimate or 21.3 Cub per month, about 14$ or a 13.91% return on your investment, each month.
Per. 30 days
As you can see that’s 6.67 Cub per 1000$ invested, so each member of our pool has about $100 invested, so 0.67 Cub per day, about 4.69 Cub per week, or 18 Cub per month, which is a 13% return per month on the investment.
So for the Pool Investors the adventure into DeFi Yield Farming has begun!
Shortsegments is a writer focused on cryptocurrency, the blockchain, non-fungible digital tokens or NFTs, and decentralized finance.
Easydefi yield farming pool update #2