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Cub On Different Chains by taskmaster4450le

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· @taskmaster4450le ·
$21.63
Cub On Different Chains
The morphing of [Leofinance](https://leofinance.io/@leoglossary/leoglossary-what-is-leofinance).

This is an important concept.  It is vital to have flexibility tied to innovation.  We all know that being right on everything is impossible.  Innovation involves a lot of testing.  Experimentation is the central component.

For this reason, there will be failures.  It is said the greatest successes fail the most.  Look at any of the leading companies and you will see some epic failures.  Anyone remember New Coke?

What is uplifting about Leofinance is that it always showed the inclination to adapt and alter things.  If something does not work, try something else.  This is hard for many to grasp since they are accustomed to looking at finished products.  Google was not like it is today in the early stages.  Neither was Bank of America nor JP Morgan.  These entites grew over time.

With [cryptocurrency](https://leofinance.io/@leoglossary/cryptocurrency), we are dealing with something that is in the earliest of stages.  The potential is enormous, especially within something like [decentralized](https://leofinance.io/@leoglossary/leoglossary-decentralization) finance.  However, up to this point, there were a lot of failures. 

The same is true within the Leofinance ecosystem itself.

<center>![image.png](https://images.hive.blog/DQmTEVeYET7MBvLmFQLxqDkASxaSHbcb94G6rvNPCT9BB1Y/image.png)</center>

### Cubfinance As An Epicenter

During [the AMA](https://youtu.be/j_mfhFXo3ko) today, Khal talked about the idea of Cub as a primary vehicle in the finance area of the ecosystem.  The idea of Polycub being its own token was a mistake in hindight.  Instead, it should have been an offshoot of Cub.

Alas, it is easy to be right looking back.

So what is the future plans?  As of now, there is just discussion and speculation.  The idea espoused is to make Cub a central premise with wrapped versions being established.  This could extend to both Polycub and Ethereum.

We also could continue the use of [derivatives](https://leofinance.io/@leoglossary/leoglossary-derivative) with a wHBD and wHIVE created.  This would open up more [arbitrage](https://leofinance.io/@leoglossary/leoglossary-arbitrage) opportunities while allowing for the inflation of Cub to be filtered to different areas.  Through the mechanisms that are being developed, the buying pressure would grow as the revenues increase.

This is an interesting idea to say the least.

Tokenomics is a tough thing to get right from the start.  It is impossible to know what will work in the wild.  One thing we can say, monkeying around with the distribution rarely accomplishes anything.  On the contrary, basic [business](https://leofinance.io/@leoglossary/leoglossary-business) building ideas have to be implemented.

Of course, this can take us down many paths but the idea is the same.  Somehow, applications need to attract users to kick off a [network effect](https://leofinance.io/@leoglossary/leoglossary-network-effect) which, ultimately, has to be monetized.  Cub is doing a good job at generating revenue as posted in the monthly reports that are put out.

It is a situation that should be expanded.

### LeoThreads As An On Ramp

Often it is hard to see the interconnection between everything.  Right now, the bridges between the different apps are drawn with invisible ink. Over time, hopefully it will become clearer.  

LeoThreads has the potetial to pull in thousands of users.  While this is not a lot by traditional [social media](https://leofinance.io/@leoglossary/leoglossary-social-media) metrics, the fact that we could add a few thousand would really boost both Hive and Leofinance.  From there, it is the education of what else the platform offers, a way to start building more value.

This will likely have to wait until the new front end is created and a few updates provided.  We can expect some bugs upon release because that is how the world of development goes.

That said, with an aggressive development plan, would could see the ability to attract some more users.  We are not going to overtake Twitter, which should not be the goal.  Instead, it is to target those users who understand the idea of account ownership, [Web 3.0](https://leofinance.io/@leoglossary/leoglossary-web-3-0), and where things are going.

We know there are a few tbousand people out there who qualify as that.

Once they are in the ecosystem, the power of what is being developed can take over.  Hive is seeing some [applications](https://leofinance.io/@leoglossary/leoglossary-application) that can be signficant starting to emerge.  This is true within Leofinance also.

When we combine all this happening, we can see that anyone who enters and takes a serious look around will find many opportunities.  

Like anything in life, the key is to keep going and pushing forward.  Nothing happens without action.  While mistakes will be made and things do not work out, the fact that we have so many people unwilling to quit shows where the outcome will be.

Project teams like Leofinance that keep trying new things will eventually find the combination that works.  Perhaps making Cubfinance the epicenter of the financial aspect of the platform is a good idea.

It is worthy of more investigation.

___
If you found this article informative, please give an upvote and rehive.



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Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/cub-on-different-chains)
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vote details (342)
@bitcoinflood ·
$0.06
Honestly it feels like overkill and I'd rather just see a basic internal swap feature that connects LEO, CUB, PolyCUB right on the UI of LeoThreads on the new UI and collects a fee from that.  I feel that should be priority one and would bring value back into the tokens instead of this massive amount of development where the price has just been stagnate or dead for so long. I think it's time for some business real talk and start getting things in action that can quickly be implemented and focused on that start increasing the value and price today and not oh well the next bull market...
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vote details (3)
@hivebuzz ·
Congratulations @taskmaster4450le! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

<table><tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@taskmaster4450le/comments.png?202211301744"></td><td>You made more than 56000 comments.<br>Your next target is to reach 57000 comments.</td></tr>
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<sub>_You can view your badges on [your board](https://hivebuzz.me/@taskmaster4450le) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
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To support your work, I also upvoted your post!


**Check out the last post from @hivebuzz:**
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@isaacngore ·
$0.05
Sometimes predicting how the next minutes will look like make us take decision that may sometime be disappointing but that not withstanding with the continuous follow-up, a greater achievement is sure
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vote details (2)
@jfang003 ·
$0.10
RE: Cub On Different Chains
One of the biggest I see with CUB right now is that there isn't that much of a demand for LEO. I guess it does feed LEO/CUB prices through the fees generated but I feel that people are just using it more to get HIVE/HBD instead. Adding in more utility and having people use LEO is something I think the team should consider.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-taskmaster4450le-1czvm)
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@pixresteemer ·
<center>![pixresteemer_incognito_angel_mini.png](https://files.peakd.com/file/peakd-hive/pixresteemer/8h7BBw1w-pixresteemer_incognito_angel_mini.png)</center><center>Bang, I did it again... I just rehived your post!</center><center>Week 134 of my [contest](/hive-179017/@pixresteemer/the-re-hive-contest-results-week-133-and-start-week-134) just started...you can now check the winners of the previous week!</center><center><sub>4</sub></center>
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@shortsegments ·
RE: Cub On Different Chains
I am just reading this now in March 2023. I agree that in hindsite it would have been interesting to have a Cub polygon instead of PolyCub. Perhaps in the future we will see a CUb-PolyCub trading pair so people can transfer assets more easily between Cubfinance and PolyCUb, but the different tokenomics makes this difficult. Its hard to imagine making it profitable to create CUb on Polygon, then a trading pair, and incentivize someone to do so in the Free Market with the low APRs on the PolyCub side. But if the ratio between polycub and Cub on polygon was more then 6 to 1, it might make sense financially with 24% APR on Cub and 4% APR on PolyCub. Then someone who wanted to gamble longterm on PolyCub would earn the same as they would on Cubfinance, but control 6 times as much PolyCub, and be in a position to profit if or when PolyCUb buy back and burn or blackhole tokenomics is launched and has an effect on PolyCub price. Thats real longterm thinking.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@shortsegments/re-taskmaster4450le-4gjmmt)
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vote details (1)
@shortsegments ·
RE: Cub On Different Chains
I agree with you about the evolution of defi on Leofinance. It is Khals ability to admit an error and move on which makes his defi so good.
I am fascinated by the notion of Threads as an onboarding vehicle, and in this time of short attention spans and even shorter Tweets it could work!

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@shortsegments/re-taskmaster4450le-5xrprc)
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