How to Unstake Farms on PolyCUB & CUB to Burn 🔥
The veteran lions know that it is not the first time in the history of Hive ecosystem that we have cross - chain operations thanks to LEO products. Among the most useful ones, PolyCUB on Polygon Network and CUB Finance on BinanceSmart Chain were the bridges between Hive and other chains.
These two projects did not occur all of a sudden, rather, they were the proof that Hive ecosystem has talented developers and strong communities to catch up with the trends. Back in time, there was an amazing DeFi trend that Leo products made it real for all of us. Both PolyCUB and CUB enabled investors to make nice return thanks to the high yields generated.
PolyCUB tested $1.55 as ATH level whereas CUB reached as high as $13 if I'm not mistaken. Yet, when the crypto market enters a bear market, there is no way for 99% projects to resist the pressure on themselves. Eventually, the TVL started to go lower and the APR followed its trend during the red days of the market.
Now, InLEO team chases a more sustainable system that is directly integrated to a protocol, Maya Protocol, to initiate cross - chain interactions between Hive and Maya via Cacao pools. Meanwhile, the team wants to gather and burn PolyCUB and CUB tokens to airdrop native LEO token so that no lion stays left behind.
Let's see what important steps to be taken for those who kept their liquidity in Farms or Kingdoms.
Steps to be Taken
Before we begin, please check the official conversion post by LeoFinance and the step by step things to do by Khal
There is no need to repeat these clear steps as these two sources are pretty informative. What I'm going to share with you is the confusion that occurs due to the mechanism of staking the liquidity of Sushi or Pancake on CUB products.
Let's see how you can unstake and remove liquidity to get your PolyCUB / CUB from the pools.
First, Approve the contracts on CUB / PolyCUB
Please always use the aggressive mode of transaction fees as they are taking some time.
When you are on CUB or PolyCUB, choose the option to see staked only so that you can see the ones that you need to approve and unstake. You can also view them on DeBank incase you need more info.
When the contract is approved, you will see lots of 0s that represent your share of pool. There you will unstake the pool on PolyCUB or CUB.
Secondly, View Pools on Sushi or Pancake Swap
It may take some time to approve the contract and unstake on PolyCUB / CUB. However, it will be faster afterward.
Now it is time to see your liquidity on Sushi Swap for Polygon Network and Pancake Swap on BNB Chain.
The liquidity may appear in 5 - 10 minutes but eventually, you will be able to view them on your liquidity sections. Here, you can remove the position and get 50% PolyCUB and 50% USDC or other coin that you added.
A similar process can be followed on Pancake Swap, too.
Thirdly, Find your Liquditiy If it does not Appear
As the DeFi platforms develop new versions, the pools may not appear
OR
The contract addresses were published by the team since the very beginning. By copying and pasting them to the liquidity pool pairs, you can easily find them too.
" Find other LP tokens " option is the reason why we need the contract addresses.
When the piar is found, you can manage it to remove.
By removing the pair, you will get both WBNB (Wrapped BNB rather than BNB itself) and CUB.
So, like it was published, you can get your liquid PolyCUB and CUB ready to follow the steps to get LEO airdrop that is in the form of $1 for $1 LEO on Hive.
Keep in mind that you will need a lot of liquid LEO token when CACAO pool is activated on Maya Protocol. Thus, it is better to prepare your liquid tokens to burn. Please remember that you will receive your LEO airdrop on Fridays. Thus, do not be afraid if you do not see your coins before Friday ✌️
As I care about having a big chunk of LEO liquid tokens for CACAO pool, I'm managing my portfolio accordingly. Let's experience the connection of Hive ecosystem to most of the major chains via Maya Protocol. This is one of the biggest events of InLEO ecosystem. Time to use CUBs and PolyCUBs for that 😉
If you need more assistance, leave a comment below.
Hive On ✌️
Posted Using InLeo Alpha