Big things are in motion right now for CUB, as it scores it's first partnership with SugarRush.Finance, a DeFi project in its presale stage of deployment! Though it was not officially announced as the developers of both teams are still figuring things out, the partnership seems to have solidified yesterday on Leofinance's Discord server.
The Details
The very fine, intricate details regarding what the partnership entails are still foggy, but from last night's Discord conversations, it has been confirmed that both the CUB-BUSD LP as well as CUB-BNB LP farms are going to be hosted on SugarRush's platform, giving CUB a lot more liquidity, as well as extending CUB's reach beyond the LeoFinance ecosystem. It appears that the project will utilize PCSv2 in establishing those farms, which I reckon will cause a bit of a bump on the road seeing as how CUB's exchange interface is still based on V1.
Through this partnership, SugarRush users will be able to buy and stake CUB-BUSD LPs to earn the native token of that platform. This is great for CUB's over-inflated supply, as none of the inflation is going to be given as harvestable rewards. Instead, it's going to be locked-in as LPs. On top of that, those that are already farming natively on CUB can migrate their LPs over to SugarRush's platform, enabling a new use-case!
It's noteworthy to mention that SugarRush's native token, RUSH, has, as of right now, a total market cap of over $600K, which rose from $300K just a few hours ago, with a capped total supply and a frictionless BNB dividends system, meaning that BNBs are sent to your wallet without user input and without incurring any transaction fees. All of which alludes to a deflationary model of tokenomics in place.
It was mentioned quite a bit later that the reason why those farms in particular were chosen over the Den/CUB Kingdom was because they were the only CUB-native farms that lacked their respective Kingdoms. Regarding the launch of the CUB farms, it's going to release on August 16th.
In the DeFi space, partnerships are an absolute necessity to success. No DeFi project has ever succeeded without the help of the prestige of the other projects out there. We've seen this very phenomenal unfold on PantherSwap in particular, where it has established a very tight-knit network with a lot of other projects, ultimately culminating in a parabolic rise in price, and a large amount of following behind it. We even see this phenomena on a daily basis with PancakeSwap, always releasing farms partnered with other tokens on BSC.
This is the beginning of a prosperous path for CUB. For as long as CUB's price has been down, the developers have been constantly building value on the platform. As we near the completion of the building phase, demarcated by the IDO's release, the only thing that's left for us is to reap that value by way of partnerships and marketing.
CUB is very well winding up for a big hit, be a part of it!
Posted Using LeoFinance Beta
Does this mean that we might see kingdoms for the CUB/BUSD and CUB/BNB pools?
Posted Using LeoFinance Beta
I wish, as CUB-BUSD is the pool I'm all-in on. We aren't getting Kingdoms for these two any time soon, it seems.
Posted Using LeoFinance Beta
Well I think it may happen. One of the requirements for Kingdoms is to have a seperate off-chain platform so they can sell the Farm token to buy more CUB/LP.
Posted Using LeoFinance Beta
We could if the SugarRush platform will stay for the medium-long term. Not sure it will make it though.
Time only will tell hehe. Good to be able to put our LPs to try our luck with lower risk thanks to the LP being hosted on PCS2
Posted Using LeoFinance Beta
Thanks for this. It looks like this is a real thing taking place. Seems like there are some development issues that need working out.
Good things happening with Cubfinance.
We will see what other details come out. Hopefully this is a great sink for CUB which it appears to be.
Posted Using LeoFinance Beta
Very excited for the future of CUB. I have just confirmed on both sides that the partnership really is happening. It's still unclear to me how SugarRush is going to benefit, perhaps by establishing RUSH-BUSD/BNB LP farms on CubFinance? Time will tell.
Posted Using LeoFinance Beta
You are the best man! I greatly appreciate your support as does our whole team and community! I am currently working on writing an full article for the LEO community about SugarRush so if you or anyone has anything they would like me to speak about I would love to hear it!
Posted Using LeoFinance Beta
Good to know and sounds like RUSH could be a good one to gamble on considering it's low market cap. All these partnerships just add value to the entire CUB Kingdom.
Posted Using LeoFinance Beta
Sweeet! Go cubb!
Posted Using LeoFinance Beta
Interesting first time hearing about sugar defi project so I'll need to jump in early on that one. First few hours are critical for some crazy APR rates so I'm curious to see how this one goes. One great benefit of the IDOs I think is that we will get some first insight on new projects launching which can yield some amazing results.
Posted Using LeoFinance Beta
This is a opportunity and a threat at the same time. I don't know these services. I just hope Khal & Co know how to secure cubdefi
@tipu curate
Upvoted 👌 (Mana: 45/85) Liquid rewards.
Hey, I couldn't find the price of RUSH in coinmarketcap, is it there?
Posted Using LeoFinance Beta
It's not on there. Currently, the only way to check the price is through the Sugarrush.finance website itself, or through Poocoin.
Posted Using LeoFinance Beta
Thanks :D
Posted Using LeoFinance Beta
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