If you don't know already, LeoFinance team has recently launched some really cool HBD & HIVE vaults for the Hive Community on Cub Finance. It's a DeFi platform on Binance Smart Chain. In this blog, I am going to show all the steps you can follow to invest in bHBD-CUB farm. You can follow the same steps to try out other vaults in Farms or Kingdoms as well.
Before we start, there is a prerequisite step that you cannot skip. Install Metamask, Setup BSC (Binance Smart Chain) network, and fill it with BNB. Metamask is required to login into Cub Finance and BNB Token will help you pay the fees on the network. Once you are done with these settings, please follow the next steps to invest your HIVE or HBD into the newly launched CUB V2 Farms.
STEP 1: Send HIVE, LEO or HBD to BSC via Multi Token Bridge
You can access the MTB here: https://wleo.io/. This will allow you to wrap your LEO, HBD or HIVE and create an equivalent amount of tokens - bLEO, bHBD or bHIVE which can be used on BSC.
STEP 2: Exchange Using Pancakeswap
Go to Pancakeswap to Swap 50% of bLEO to bHIVE/bHBD and rest 50% to CUB. You can directly get bHIVE/bHBD by following the above step and then swap 50% with CUB. It's up to you! Use the below contract addresses to search them:
- bHBD - 0x874966221020d6ac1aed0e2cfad9cbfee0ba713b
- bHIVE - 0x9faf07d1fbc130d698e227e50d1fb72657c0a342
- bLEO - 0x6421531af54c7b14ea805719035ebf1e3661c44a
- CUB - 0x50d809c74e0b8e49e7b4c65bb3109abe3ff4c1c1
After searching them for the first time, you can add them to your list of tokens so that next time you can easily search them with their name. Now do the required swap and get an equivalent of bHive/bHBD and CUB to create LP tokens.
You will have to approve bLEO and bHBD if you are doing it for the first time. Please make sure you check the price and slippage before doing the final swap.
STEP 3: Add Liquidity Using Pancakeswap
Visit Pancakeswap's Liquidity Tab and click on "Add Liquidity" to form your LP tokens bHBD-CUB or bHIVE-CUB. Select the tokens of your choice and their quantity. Then hit "Supply", confirm all the details and then hit "Confirm Supply"
You can visit the Pancakeswap's Liquidity Tab once again to check your LP Tokens as shown below.
STEP 4: Stake bHBD-CUB LP On Cub Finance
Visit Cub Finance's Farms to access the new V2 vaults where you will find bHBD-CUB, bHIVE-CUB and bHBD-BUSD farms as shown below:
Since we have bHBD-CUB LP with me, select that and click on the "Enable Farm" button as shown below:
Once enabled, "Enable" button will be replaced by "Stake LP" button. Click on that to enter the amount of LP tokens you want to stake. Hit confirm and enjoy your CUB rewards. 🦁 101.39% APR right now. It's not fixed and will change as more people join in.
~fin~
Posted Using LeoFinance Beta
