🏊‍♂️ I Finally Dove Into Cub DeFi 🦁 It's Never To Late To Earn Your First CUB 📉

justinparke (67)in SCT.암호화폐.Crypto • 3 years ago

After much procrastination and a huge learning curve, I've finally used some liquid LEO to fund my first investment on CubDeFi and earn my first CUB token.

First Things First, Getting Some BNB

^{the crypto that powers the Binance ecosystem}

I am still awaiting KYC approval for the new Binance.US site after getting the boot from Binance.com, and I intended to jump into Cub DeFi with some fiat I'd use to purchase BNB. Well, I got tired of waiting, so I researched various ways I could get my hands on some BNB without the use of the Binance.us site.

It may not be the cheapest way to get my hands on BNB, but SimpleSwap.io offers a direct crypto to BNB exchange with an option to receive the funds at a BSC address, so I sentused some to convert to BNB within a few minutes and with just a few clicks.

CONVERTING LEO to BLEO ON BEP20 LEO

^{he gateway between LEO and BSC}

Moving liquid LEO over to Cub DeFi is super simple and done with just a few clicks via the BEP20 LEO site. Simply punch in your BSC address, have your liquid LEO ready, and verify it all with your private keys.

For this experiment I converted nearly 1,200 LEO in bLEO. I now had both BNB and bLEO in my BSC wallet, so things were just about to get cooking.

Cub DeFi

^{Cub Finance on the Binance Smart Chain}

I have faith in the LEO token, and even though the BLEO-BNB pool isn't the top performer on Cub DeFi at the moment, I am reluctant to let my LEO go, so I targeted this pool. I had much more LEO than BNB, so I made a quick exchange to bring the two balances closer together, making sure to leave some BNB for future gas fees.

In the end I provided 775.889 bLEO and 0.575922420029555826 WBNB as liquidity. This is simple and just takes a few clicks. You can easily to choose to max out one token to use your full balance.

After adding liquidity, I still wasn't done yet, I had to approve the contract and start farming, so I headed over to farms and few clicks later I was already earning CUB.

All in all, I was in for about $400 USD on this first experiment. It was quite fun watching the numbers roll over in real time. I earned my first CUB, and within 24 hours I earned around 2.5 CUB, a value of around $2.25 USD, not bad at all for a $400 investment.

I haven't harvested any CUB yet, but will probably do so every time I've accumulate at least 5 CUB, of which I intend to use in the CUB-BUSD pool. Hopefully by the time I get KYC approval and can easily buy BUSD with fiat, I'll also have enough CUB to make a significant investment.

It's never too late to start something new, and I'm glad I waited until having a clearer understanding of how to use my MetaMask wallet and perform Binance transactions before deciding to play with the big bucks, well big for me at least.