Hive Tendrils
Hive has been reaching its tentacles into the cryptosphere for a while now. Truth be told, we've been beaten back quite a few times, through no fault of our own over the years. It's the wild west out there! Scary Larry!
However, LEO is built on Hive, and CUB is connected to LEO. Our ecosystem is expanding. We are now laying down roots on the BSC network, and a storm of liquidity is coming.
There are a lot of users on LEO that are salty about Hive. There are a lot users on Hive that are salty about LEO. The tribalism and perceived competition know no bounds. However, the days of zero-sum game theory are coming to an end.
All of these systems are synergizing together while the users within these systems bicker amongst themselves about where people should be parking their money. Everyone seems to simultaneously know that decentralization demands our funds be spread out while insisting their bags be propped at a higher price. Drop the double standard.
CUB is tapping into a completely new liquidity outlet that's going to boost the value of the entire Hive ecosystem. Seriously though, what do you think is gonna happen if I make a bunch of money on CUB? Probably gonna buy some Hive with it. I like to maintain balanced positions.
Again, CUB is laying down roots on PancakeSwap, and PancakeSwap is laying down roots on BSC. Both of these systems link up to lure outside outside capital to the platform.
Allow me to explain:
Go to https://exchange.cubdefi.com/#/swap and try to dump 10k BNB for Bitcoin. How much BTC will you get? How much slippage will there be?
We can see that the price impact is only 2.61% and we would receive 43.62 Bitcoin. How is that possible if our farm for BTCB/BNB only has $775k in it? We don't even have 43 Bitcoin in the pool for sale. In fact, we have less than 7 BTC in this pool. How are we extracting 44 BTC from it?
The answer is that this LP pool isn't just a CUB pool: it gets rolled in to every other farm and LP on Pancakeswap. This creates MASSIVE liquidity on BSC and lures in huge money from the outside. CUB and every other farming pool on BSC feeds into this liquidity goblin.
From this perspective, it's easy to see that this entire system of automated market making is feeding into itself and creating a massive amount of value very quickly. All of a sudden Hive finds itself seamlessly connected to this system. Pretty sweet deal. 99.99% of the users on Hive didn't have to lift a finger to make this happen. That's the magic of synergistic ecosystems that cut out out the middle men of central banking and prohibitive regulators who needlessly increase financial friction.
Permissionless systems win.
And then we have gems like this where bridges are being built across Hive, LEO, ETH, CUB, and BSC. Interoperability is key. User experience is key. Easy onboarding is key. Low friction is key. High liquidity is key. We are approaching the perfect storm of variables right before a mega-bubble.
50% yield reduction coming Monday.
These unsustainable CUB yields have been the crack of the ecosystem for two weeks now. For me, $3.50 is a fair price for CUB, and I'm looking to buy a bit more. But I also know that these yield addicts are going to panic on Monday... so I can wait until then. I'm overextended as is. No reason to rush in right before potential panic dumping.
But this post isn't supposed to be about speculation. This is about fundamentals. There are a lot of fundamentals here that are being ignored. The LEO brand is strong and has a solid community. The Hive brand is grizzled and unkillable. The CUB brand still has yet to prove itself to the BSC communities. How long until the tides turn? I'm guessing not long.
On top of all that, DeFi is the latest craze. Passive income is the new standard, and every application built on Hive automatically has these features built in. We legit can't lose, and we are sitting on a massively undervalued market cap at an offensive rank 240 level. The tipping point is coming soon™.
Conclusion
So not only is CUB luring everyone on the BSC network into farming CUB due to high yields and 19 non-CUB farms, but also many of the LP farms we are awarding CUB inflation to get seamlessly added to deep-liquidity network-wide Pancakeswap LP pools. Again, all these systems are synergizing together during the best possible time of the 4-year cycle ever ever.
All of the interoperability networks are feeding into each other. ChainLink is going to provide trusted oracles. Rune is going to provide atomic swaps. ETH and BSC have strong communities and battle-tested smart contracts. Bitcoin has deep liquidity, high security, and the most solid baseline. Everyone is helping everyone.
On top of all that...
Automated Market Making is an extremely underestimated technology. It's going to take over the entire legacy system. Orderbooks are a thing of the past. Get over it grandpa: you lost. We are standing at the front lines: ready to take names and kick ass. Get out of the way or get run over!
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That's pretty epic! I thought it was per DeFi site but being able to loop into more opens up huge possibilities for large quick transactions!
i call those people stupid. not sorry if anyone got offended.
Not really helpful to insult anyone.
Gotta keep building and making connections.
nothing against building and making connections, just really irritating when i see people talking trash about one project or another. seen it from some "big players". and i find it irritating and stupid.
It is irritating and stupid, but if everyone just devolves to that level it just gets worse.
Gotta just keep on keepin on.
Smart people play vs, the wise do not.
I got it, We Don't have to hold such amount of 43 Bitcoin
That is great
Thanks for this simple explanation
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I agree, it may be that there will be another drop in the price next week due to the yield dropping from 2 cubes to 1. However, the question of the long term is brought up again, and I believe that the large portfolios that will make cub wealth did not exceed 1,000 . Meanwhile we have to wait at least 6 months, nothing is overnight.
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I honestly have never understood the rift between some users with Hive/Leo. The block chain is working the way it is intended too. Any community has the ability to achieve what Leo is and at the the end of the day it is all a big financial risk. Nothing prevents the whole thing falling off a cliff tomorrow.
I also try and keep my Hive/Leo balances equal so when I upvote posts I provide both Hive and Leo to users. This not only supports new users with Resource credits but also engages people on both chains.
Friends who weren't coming across to Leo are doing so now days also.
I try and support all communities on the block chain, it gets hard as I only have a limited supply of funds but if all communities move in an upward trend the whole block chain wins.
Keep up the great work!
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It is the natural order of things. The youth take over while the old move on to greener pastures. Although some “grandpas” don’t know when to quit. Blockchain is like a giant snowball that continues to increase in size. I truly believe Hive and Leo will get their moment in the spotlight. I just hope everyone is ready. As they say careful what you wish for. :)
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I've never understood this
It isn't a betrayal to sell Hive for Leo or the contrary both are in the same blockchain and allow to win two times for the same post. How can this be bad?.
True that Hive have been frustrating sometimes, because the updates needed have been delayed too many times.
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It's just toxic tribalism.
The world is full of it.
I would understand it more if we were talking about M.City vs M.United fans, but in crypto? really?. I thought that this was to make money not to be a fan of this or that.
Anyways you're right the world is full of it.
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Anywhere there are people... there is also tribalism and nepotism.
These mindsets no long scale in a world with 7 billion people.
In the long run: crypto fixes this.
But there will be many growing pains along the way.
I want a Hive pair there :)
And I agree with you, with the time the queens spread the creep over the world :) With that we can even faster run on it :)
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It does seem strange anyone would denigrate any of these communities on Hive. They are all part of the same ecosystem. Every success brings success to the others. I just wrote a post on what the success of Leo and Cub can mean to Hive and the rest of the communities here.
Cub and Leo could be bringing literally millions of dollars to the Hive blockchain. You don't think some of that money is going to peel off and get spread through the ecosystem? Of course it is. Even if there isn't a lot from "outside" people, if my Leo and Cub stake grows to $50,000 you can bet your ass I'll be taking a portion of that and spreading it into other communities. And I'm not one of the bigger players. I can only imagine how much they will inject into different communities.
It's a no-brainer: if one of us wins, we all win.
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Exactly!
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I didn't even realize that there was a rift between HIVE and LEO users.. It seems to me that we're on the same team. It did piss me off a little to see people who held their LEO end up with higher net worths than me on the HIVE platform. haha! But that's my fault for selling. I actually had nothing against LEO, I just didn't see what I could contribute.
Now I'm kicking myself in the butt and trying to stack up. I also have about 214 CUBs in a den. Not much, and I had to buy most of them but some is better than none.
Thanks for writing all of the positive posts about HIVE/LEO lately. It has been helping keep my spirits up and giving me a little hope that things can turn around for me after all of my losses.
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There are BTC maximalists and there are Hive Maximalists. :) I don't hang out with fanatics mostly.. I like people who like to explore, learn, and try new things.
I think when people start to understand the flow goes both ways, it will help.
So if we have atomic swaps via leo bridge soon it would be a no brainer to start campaigning for more people to wrap their HIVE into BHIVE too!
There’s quite a bit of liquidity in HIVE laying around doing sweet fuckall so adding it to A cub farm would be great
If we look at how each time leo adds a layer of useage how the price and volume moves up sure we can replicate that with HIVE and if HIVE moves up it impacts leo as well as other HE tokens
Just because its meant to burn itself to increase the value of Leo / CUB ? or is there any other use case ?
This wrapping tokens and farming thing seems pointless outside of greed for money. For Binance it's logical because 'taking people's money' is their game through and through. But what's the point of Leo, Hive, etc jumping on BSC coat tails?
What's the long term utility of these cryptos? Shouldn't each blockchain be pushing to be something that brings traffic to their 'something unique' instead of just enticing hopers and dreamers chasing hyperbolic and unsustainable returns... on an opposing blockchain?
"Cross chain" gets used like both platforms win but really it's clearly not. One ends up superior and the other(s) just a crab on their nuts.
You couldn't be more wrong.
Farming rewards are incentives for token holders to keep them in a liquidity pool that functions as a decentralized exchange.
What these pools are is inroads of capital from the rest of the crypto space to Leo and Hive.
The crypto space was an archipelago of unconnected islands for the longest time. That severely limited the combined network effect of the space.
Network effect is key. Have you heard of Metcalfe's Law? The value of a communication network is proportional to the square of the number of nodes in it. But that requires connections between the nodes. Blockchain interoperability is precisely about building the connections.
Opposing?
That line of thinking is incredibly myopic and harmful. The entire notion of competition between different blockchains - all within a tiny speck of a space compared to the wider world of finance - is a pathetically myopic one. Blockchain interoperability is like international trade. The world would be vastly poorer without it.
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Well you've explained more broadly why money matters in crypto and to economies, therefore: to humans.
My point is that there's clear winners and clear runners up in bridge/cross chain. If cross chain was equally benefital then why doesn't Hive or Leo automatically grow users once they bridge over to the other chain? That's why it's clear they saw farming as a better product then their twitter clone.
So it's riding YIELD CRAZE coat tails and putting big hope on users taking notice of Leo. When (imo) the Twitter clone would be the right product for that. So in the end the money game is the money game but the winner chain is Binance. Since Hive or Leo doesn't really offer anything unique or significant for the users of Binance to jump over here then I can't help see Leo as somewhat hypocritical. The yield craze seems to be their only focus now.
What is CUB meant to be anyway, outside of a game of money with clear unsustainability. What does LeoFinance have planned for it long term.. farms and Dens can't be it can't it?
I completely disagree on that. A cross-chain bridge connecting two chains will improve the utility of both blockchains. We are so early in the development of the space that there is massive room for expansion and adoption. None of the blockchain projects out there are eating each other's lunches. None. For example, BSC or Cardano have much lower fees than Ethereum and are thus more likely to attract a larger number of users than Ethereum. Is this a loss for Ethereum? Not likely because Ethereum is a PoW chain and thus has higher security than either of the two and thus more suitable for much higher-value transactions. Some of the new people adopting BSC or Cardano will become wealthy enough not to be bothered by the high fees on Ethereum.
The introduction CubFinance was quickly followed by the price of LEO jumping 40%. That's most likely because the deposit fees paid by the liquidity providers to some of the pools are used to buy CUB and bLEO and subsequently burned.
The ERC20-BEP20 bridge which is to be launched soon (possibly today) will an easier way to swap ERC20 and BEP20 tokens than anything on the market. The 0.25% fee on each swap will be used to buy and burn CUB and LEO. That will provide a sink for CUB (and LEO) thus creating upward pressure on their prices. The team is planning to introduce other assets and services on CubFinance such as synthetic assets and lending.
Hive and Leo offer anyone the ability to monetize their content creation MUCH more easily than on any other platform that has ever existed. On YouTube, you need 4000 hours of your videos played and 1000 subscribers before you can earn a single cent. It's extremely difficult because the competition is stiff. Earning something on Hive/Leo is a piece of cake compared to that. So far, Hive (and Leo) have been novelties on a conceptual level as well as technically more challenging to use than legacy platforms. It is not surprising that they haven't caught on on a large scale. But what that means for us the early adopters that we've been able to grow massively without much competition.
If you like discussing anything with other people - like your trades, why not haul your ass here where they can reward you for great comments monetarily? You have to be brain dead not to get that extremely simple concept. There is no catch. Just ditch Web 2.0 social media platforms where you are being farmed by the companies that own them and start earning on your normal activities here.
I don't think they've had the same people working on ProjectBlank and CubFinance. It's possible that the former is just delayed for some reason. That would be nothing unheard of in software development. The goal of the team is to build everything.
I've already talked about the Bridge.
See the roadmap: https://docs.cubdefi.com/roadmap
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Thank goodness, it's not a post about speculation. Hate those. Healz!
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Oh and also !beer
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The best advice to everybody regarding cryptocurrencies is no other than to HODL or just Hold it.
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