First Two Kingdoms Finally Launched Yesterday!
If you are a "cuber", I probably won't tell you any news: the first two kingdoms were launched yesterday evening, my time.
That would be CAKE, as a single asset and WBNB-BUSD as a two-asset liquidity pool.
Actually, for the second kingdom, it works just fine with BNB, you don't need the wrapped version of it, WBNB. I pooled it directly with BNB-BUSD, after I heard Khal saying it works with the native coin. Haven't tried with WBNB.
Both kingdoms smart contracts farm and auto-compound on PancakeSwap (which is different than Pancake Bunny, by the way!), and offer an additional reward in CUB.
That's why, for identical farms, it's more profitable to put your funds in kingdoms on CubFinance, from the APY perspective, because it offers the same APY as PancakeSwap + CUB rewards.
To see the total APY you receive, you need to click on details.
The APR shown on the card at the top level is only for CUB rewards.
The CAKE kingdoms auto-compound a little less than every 2 hours. On PancakeSwap, for the CAKE auto farm, it happens every few seconds, but the difference, given the CUB rewards, is definitely in favor of CUB Finance.
The WBNB-BUSD kingdoms auto-compound 420 times a year, which leads to something between every 20-21 hours, if my calculations were correct. So a little less than once a day.
I saw some discussions on Discord if CAKE kingdom is better than CUB den. Right now it looks like it is (231% versus 84%, also have CAKE+CUB instead of CUB only), but when liquidity gets higher on the CAKE kingdom (or lower on the CUB den), things may reverse. And CAKE kingdom has fees, CUB den doesn't.
I didn't notice where did the multipliers for kingdoms come from. I mean which farms/dens lost a little bit in the multiplier. It isn't CUB-BUSD, BNB-BUSD, LEO-BNB or CUB den, that's for sure.
By the way, Khal continues to tease us:
As you can see from the tweet, that should happen in about 5 hours from the time of publishing the post. And it looks like nobody has a clue what it is. I guess we'll see later today...
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<That would be CAKE, as a single asset and WBNB-BUSD as a two-asset liquidity pool.
Actually, for the second kingdom, it works just fine with BNB, you don't need the wrapped version of it, WBNB. I pooled it directly with BNB-BUSD, after I heard Khal saying it works with the native coin. Haven't tried with WBNB.>
This is really interesting
Well, farms already work with BNB on CubFinance. I don't know if that matters or not. But to be honest, knowing it would work with BNB, in Khal's place I would've called this kingdom BNB-BUSD, not WBNB-BUSD.
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I believe too that it will be able to actually work with bnb
The upside potential for CUB will more than make up for it once the APR goes down when more value get locked in the Kingdom. At least that is what I think might happen.
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Yep, that's what I was trying to suggest too. But short term for yield farming and stuff that is an option.
Those who trade CUB for CAKE will have to keep in mind there are people on PancakeSwap and probably in other places too with large bags of CAKE. Many of them probably don't know of the CAKE kingdom on Cub yet, or they are reluctant because it's a platform they don't know/use.
If only part of that moves to Cub for the higher yield, the APY will drop significantly (at least on the Cub rewards), thus making Cub den still a very attractive option.
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To launch with a bug showing a wrong number of coins is a NO-GO, after all that delay!
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I believe he succumbed to the WENs... But I tend to agree, while the backend is crucial because that's where the whole thing happens, and a bug there can be devastating, front end is important too.
PS: The front end for kingdoms mentions it is live beta.
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