Ready for Kingdoms?

in LeoFinance4 months ago

What a silly question, right? :)

I guess all of us have been ready for kingdoms for a while now, just patiently waiting for them to be released.

Kingdoms smart contracts have been ready and deployed for a while now. Initial plan was to wait for the CertiK audit to be over to release kingdoms, but it looks like this is going to take a little longer.

Yesterday there was a 2 hours long LEO Rountable to discuss the wild day in the crypto market and also to have the weekly AMA with Khal. Here's the link below if you missed it and want to listen to it:

During the AMA part, Khal talked quite a bit about kingdoms. He also mentioned he is thinking to release kingdoms without the audit, but with enough warnings.

Kingdoms will be released in phases, same as LeoBridge, except when we talk about kingdoms we talk about different farms and dens that will be 'transformed' into kingdoms and receive a higher APR in the process.

In the AMA, Khal revealed two important details:

  • that he plans to release kingdoms "in the next two days" (that was yesterday) and
  • which will be the first three batch of kingdoms: BNB, BUSD, CAKE.

Khal also said he is looking for partnership with other platforms to mutually create farms/kingdoms for each other's platform token.

What we learned from this:

  • we need BNB, BUSD or CAKE if we want to participate in the initial kingdoms
  • if we don't have and don't want any of the above coins, we might not need to wait for too long, the next kingdom(s) might be released in a few more days after that, if I heard that right
  • CUB den and farms with CUB in it won't have a kingdom until there will be such partnerships created with other platforms, so it might take a while, but they still have the advantage of a great multiplier (which will likely diminish, because some of the inflation will go to kingdoms) and a zero deposit fee.

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Goo article, provocative comments, now time to soak it all up.

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Oh yeah, people seem to continue to be pissed about the price of CUB. But when BTC goes down more than 25% intra-day, what would one expect? Speaking of the initial dip, while the market was still pumping, which was mentioned in a few comments, I believe that was a combination of short term money leaving and lack of proper communication (which is now corrected).

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It's good that they're moving away from the Goose/Egg model. The economics of that don't work and I wish I had recognized that earlier. !PIZZA

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It's an evolving project, that's certain. Lots of stuff happening in the defi world that Cub needs to pay attention to. Some they need to embrace, others to stay away from. And others seem like they're cool, but in reality it looks like they are dangerous. To me that's what flash loans are.

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why do every developer do this? you promise to release ... on the weekend. i want to be with my family, then you make these promises and i have to watch out for it whole weekend to not miss the price jumps.

and of course nothing happens until next week.

i am happy you are trying to inform us, but a probably later and more certain date works better than wild guesses like "maybe two days"

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Well... if I were to guess, he also has to watch market conditions carefully. If you launch during a dip like we had a few days ago, you pretty much blew the opportunity. If you launch during a market recovery, the market sentiment/momentum might work in your favor.

Crypto, unlike other markets, is open for trading 7 days a week, 24 hours a day.

What I can tell you it's a matter of priorities. If you need time with you family, take it! There's always something happening, and if you were to pay attention to all opportunities you would never be around for your family.

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Agreed.... it’s better to not be early. I bought Cub at $14, 10, $7, ... ouch.

I don't know but it seems that $cub desperately needs at least semi professional marketing.

Why would anyone invest in Cub? Because they know the devs? Lol

People are buying the hype, fundamentals are not important - At least during the bull market.
And that's fairly obvious, otherwise, Doge and moon tokens wouldn't drive the market.

Hoping to see some partnerships or we are in a bad position.

Lost 400% during the bull run, like how's that even possible? 😂😂

Cap on LeoBridge is currently 10k (started with 3k). Khal said when it will reach 20k, he will launch a marketing campaign.

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 4 months ago Reveal Comment

Marketing is much needed but I don't think it is a cub problem specifically but more an Egg/Goose problem looking at how all their clones have done.

Even if we exclude folks taking their money out of Cub, the ones in non-cub farms are selling all their cub to buy whatever asset their in and staking again. The cub farms sell half their cub to buy the liquidity pair.

Simplifying things but say someone makes 100 cub a day, they'll pay a 2 cub tax and sell 98 cub to buy say USDT-BUSD. I don't think there are enough buyers to absorb everyone 'selling their 98 cub'.


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Good that I loaded up on BNB during the dip now there is a place for it :)
Keeping it on Binance is anyways not the best idea.
Hope there is a Kingdom planned for Matic

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Not sure about Matic. There needs to be a wrapped version of it on BSC first and farms/vaults on other platforms with it. I don't know if they are, but judging by its recent rise, if they aren't, they will soon be.

But BNB, yep, that was a great timing for you!

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The dominance of the CUB will go as far as the Roman Empire.

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Ha ha ha, you seem to be very optimistic compared to a few others who commented.

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Well, if you don't have some optimism it will all be bad for you.

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Optimism is especially good when it's hard to find and everyone around turns pessimistic.

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Great news !! Is there a known date for the kingdom audits ??

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Khal said "from 2 to 8 weeks". It all depends on CertiK and how quickly they move.

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Great news for those of us who have not invested in CUB but still have BNB and BUSD :)

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Yep, that will be a great time to try out Cub Finance!

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Good heads up! Is there any word on the microblogging platform though, #ProjectBlank? I've been waiting for an update, but I haven't heard anything.

ProjectBlank seems like it took the backseat for a while. At some point (not during this AMA) I heard Q3, but it might be Q4.

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Hmm... okay. I was looking forward to that more than the DeFi developments, but I might be in the minority. I appreciate the clarification. :)

 4 months ago Reveal Comment

Thanks for the update. !PIZZA slice for you, @gadrian.

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You're welcome!

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Sounding good!

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