Many see Cub Finance as a simple copycat yield platform but we view it as a base layer to build more DeFi applications to expand the scope and scale of our entire project. The initial phase of yield-based farming has allowed CUB to reach a wide number of HODLers who now have an interest in continually using the platform.
The goal with the CUB token is to build value at all layers. We see sustainable yield farming and the adoption of popular DeFi applications as our modus operandi.
As we build new applications, we're building with both our existing Leo/Cub userbase and with the broader BSC market in mind. The entire foundation of everything we build is rooted in the idea of growing our user base in depth and width while bringing value to the CUB token.
Our roadmap here will outline many of the projects that we've already begun working on. We'll also discuss some future additions to the Cub Finance ecosystem that are planned in the near future. When you look to the track record of the broader LeoFinance project, you'll see our mode of operation: build and launch quickly. Follow up with rapid and relentless iteration to add new features.
The base code behind CubFinance has been audited heavily by several auditors in the space for similar projects. We've hired CertiK to conduct audits of Cub Finance's code.
LeoBridge is one of the most exciting features we've built for the Cub Finance branch of LeoFinance.
In May 2021, we launched Phase 1 of LeoBridge which enables permissionless cross-blockchain swaps of ERC20 -> BEP20 assets. The swap process is handled via unique smart contracts that we've created to handle asset conversions across two of the most popular blockchains in the world.
From the user's perspective, they will visit the bridge UI and select the ERC20 input and the BEP20 output.
On the backend, LeoBridge smart contracts swap the ERC20 input across the LEO token economy in order to output the desired BEP20. Following a process that looks like this:
ERC20 input --> wLEO --> unwrap into LEO --> wrap into bLEO --> swap bLEO for desired BEP20 output
LeoFinance is a community platform that is all about bridging the gap to other blockchains and communities. The mission of CubFinance is no different - our aim is to collaborate with BSC-based projects and work together to build a larger and more vibrant community of people who love crypto and finance.
Modeled after popular long-term staking contracts like Ellipsis, CUB staking will feature LP amplification benefits and a share in early withdrawal penalty revenue. We anticipate a Q2 2021 launch date.
At launch, we've created a bLEO-BNB pool as the primary listing for bLEO (the BEP20 wrapped version of our native LEO token). As CubFinance matures, we plan to add more pools for bLEO (i.e. bLEO-BUSD and others) with additional incentives.
Similar to collaborating with other BSC platforms with the CUB token, we're also actively looking for collaborations with our project's primary token - bLEO. Platforms like Venus, Autofarm and others offer unique opportunities for our project to collaborate and deploy unique vault contracts, collateralized loans and even synthetic asset pairs using the LEO token economy.
bLEO can be unwrapped from bLEO into native LEO (and vice versa). From there, users can stake it in their LeoFinance.io wallet and earn APY through upvoting content on our blogging platform or by leasing it to other users for a fixed APY.
Our focus is always on bringing the most possible value to LEO (bLEO) and CUB token hodlers. LeoFi is one of the newest pillars of the LeoFinance project and currently includes:
bLEO (BEP20 LEO)
CubFinance (CUB Token & Yield Farming on BSC)
wLEO (Wrapped LEO on Ethereum)
LEO POWER Leasing (Native LEO on Hive)
LeoBridge (Permissionless Cross-Chain Swaps)
We've built a lot of interesting products for LeoFi already but there are so many more aspects of the DeFi industry that we have yet to explore. In the long run, we plan to continue adopting DeFi contracts that add new services and use cases both to the LEO (bLEO / wLEO) and CUB token economies. LeoFi is just getting started and we're excited to continue our rapid expansion in this space.