It's crazy it has pretty much been two years since I got on the Binance Smart Chain and that knowledge lead me to jumping on CubDefi right when it launched. CubDefi has been one of the best DeFi platforms I have seen. I have provided liquidity on tons of other platforms and posted collateral on many money markets on the BSC as well as other blockchains.
Right now the Hive Dollar's 20% APR interest is the best in the industry and the bridging service and liquidity pairs on CubDefi gives an opportunity to be more liquid at a slightly higher rate currently. 22% APY which is slightly higher than 20% APR. There are advantages to both and I have money in both.
Smaller examples from recent reward harvesting but the BSC side provides a great way to get to other assets or bridge back to the HIVE blockchain.
My advice is to never just be on one chain or just one platform for both code reasons, FUD reasons, momentum reasons.
This stuff goes in cycles and if you understand the different ecosystems it can provide a ton of opportunities to profit.
Some might be upset if I sold some CUB for DOGE but you know me. Just showing the facts and not candy coating stuff. Having DOGE tokenized on the BSC is huge because you can post it as collateral on money markets like VENUS and leverage against it.
Various chains will have incentives to post collateral and build projects on their chains. Telos is one of those currently. They have an EVM (Ethereum Virtual Machine) making them the fastest and cheapest EVM. It is awesome!
Over there I'm using what I call the thread the needle technique where I bridged tokenized Ethereum over there to pick up the Wrapped Telos rewards you get when interacting with Omnidex which is a money market on Telos. The added reward is nice and then I can do a lot of things with it. I could unwrap it and use the Telos as collateral to earn even more. Or I could convert it to BTC or ETH or a Stablecoin.
Right now some of the stuff happening on Telos as well as on HIVE and associated platforms is the best I'm seeing out there.
They are two chains where someone could realistically build a metaverse that isn't going to get bogged down by insane fees or go down every other day.
You guys know me..... I can't bite my tongue long enough to even benefit myself when I see people out there saying they are building metaverses or social media platforms on Ethereum. I just look at the ground and shake my head.
These are a glimpse at some of the DeFi strategies I'm utilizing currently. Let me know if you have any questions.
