Greetings to my esteemed Lions on the LeoFinance ecosystem. It's another day and time to share with us the mystery behind the recent successes achieved by the LeoFinance ecosystem and those that'll be achieved in the future, which can help other new businesses to thrive both in their nascent and matured states. It's your friend @faquan, saying hello from this part of the world.
The realities of today's world is that everyone wants to associate with success, but many don't want to be part of the suffering and thinking processes that leads to the actual success.
It amazes me to see the numbers of people who are partnering with the multi-billion LeoFinance project in the name LeoFinance Multi-Token Bridges. Prior to the launching of pHBD-USDC vault in April, many Hivers questioned the sustainability of the PolyCUB project. I can still remember when they asked if anyone will buy PolyCUB after one year period.
I'll not blame anyone who had questioned PolyCUB in the past, we'll know that most people have suffered loses just investing in DeFi platforms and they needed assurance that this one is sustainable in itself. Thank God PolyCUB is actually productive and sustainable.
The current realities of the PolyCUB and other LeoFinance Multi-Token Bridges is tied to just one thing, which is finding and solving a problem in real time.
In April, the Hive Witness unanimous decided to shift the interest on HBD savings from 12% to 20% APR, but didn't actually know that a natural problem has been created just by taking the decision which was for the betterment of the hive blockchain.
Shifting the HBD savings interest created a liquidity or supply challenge and the LeoTeam quickly understood the problem and decided to create a solution for the problem by launching the pHBD-USDC vault on the Polygon network.
The process of solving this single problem created a new leave for PolyCUB as well as the Cub Finance platform.
With the wrapped versions of HBD (pHBD), Hive (pHIVE) and SPS (pSPS) all on the polygon network and the recently launched Cub V2 vaults (bHBD-CUB, bHIVE-CUB, bHBD-BUSD) on the Binance Smart Chain platform, one can see that more problems are being solved, while creating more $values for holders of those tokens.
One of the masterpiece in terms of problem + solution = $value formula is in the area of vexPolyCub lock. Since naturally, PolyCUB is designed to gradually reduce to its barest minimum until it's no longer visible to the human eyes, holders of PolyCUB and xPolyCub will rule and determine the faith of PolyCUB in the future, the LeoTeam decided to request holders of xPolyCub to lock their holdings into vexPolyCub for 2 years period in exchange for a fixed 20% APY.
The above alone would've amounted to a problem in the nearest future, but a solution was found by the LeoTeam know in a code name PolyCUB buyback strategy.
To me the PolyCUB buybacks is the best strategies employed by the LeoTeam to help control the inflation that would've occurred in the nearest future. For the past two months, the PolyCUB protocol had bought over 40% of the total PolyCUB in the open market.
If I want to go further, then I'll talk about the new microblogging platform on the hive blockchain. LeoThreads is an amazing platform if given much attention will become more valuable than the Web 2 twitter platform.
This is also part of LeoFinance problem solving strategy, which many have complained about in the past. Today LeoThreads have brought many together and has made the hive blockchain more interesting and enjoyable.
I'll conclude by saying that to thrive in that business endeavor of yours, you've to locate the challenges facing your community and create solutions that'll help the community grow.
Thanks!
Grace and peace to you all
Posted Using LeoFinance Beta