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Farm DEC on Cub Finance

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Avatar for nervi
Written by   5
1 year ago

We lived to see a new Pool where we can earn CUB. DEC-BUSD has been opened and today we will invest free funds in it.

The current APR is almost 600% and the Pool multiplier is 3x. The deposit fee is 4% and will be used by the site to purchase CUB and bLEO.

Alright, let's get down to business. We need to have DEC and BUSD tokens to start with. The former will be acquired mainly through the Splinterlands site, a card game based on the Hive blockchain. If you want to sign up for Splinterlands you can use my link, I would be very happy to do so. We then need to withdraw DEC tokens to the Binance Smart Chain address, which we set up in the settings section by clicking on our username on Splinterlands.

We will now receive DEC tokens for our BSC portfolio. The next step is to go to the Cub Finance website and enter the DEC-BUSD token liquidity. We enter the number of DEC tokens we will need and how many BUSD we need to purchase or have. For example, for 10,000 DEC tokens we now need 8.35 BUSD. 

The most convenient way to buy Binance USD tokens is through the Binance exchange. If you don't have an account there yet, I encourage you to register for the exchange. Now we can deposit some other cryptocurrencies to exchange them for BUSD. If we don't have such assets we can simply purchase them with a credit card. This is what I will do. We go to the section of buying cryptocurrencies with a credit card, choose the amount of BUSD we are interested in and click buy.

Now we need to withdraw our BUSD to Binance Smart Chain wallet. The biggest advantage of buying BUSD through Binance is the zero fee when withdrawing BUSD. As much BUSD we have, that's how much we will get.

Now we go to the DEC-BUSD liquidity page and we need to make a couple of trades. Their total cost should not exceed one and a half dollars so you can see once again the advantage of BSC over Ethereum in the context of DeFi. This is what my tokens look like after buying DEC and BUSD.

And from now on we are a provider of DEC and BUSD tokens. Over time, we will receive CUB tokens as a reward.

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Avatar for nervi
Written by   5
1 year ago
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