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So I'm new to both Hive, Leo Finance, and Cub Finance, but have been having fun this past week interacting on these platforms as well as learning CubDefi.Com and watching my cub grow. I believe when I first found this platform Cub Staking APR was around 3600%. By the time I figured out how to use the platform and was comfortable throwing some money into the ring it was at 2800% and stayed that way for a day or two. I quickly saw the APR dropping and was guessing by mid week this upcoming week we'd see 800% or so.
Well, we've fallen below 1000% and are now sitting at around 905%. I talked in a post yesterday about my strategy on Cub Finance, stacking Cub until I had a specified amount I wanted and then using the additional Cub earned to swap into maybe a set of 5 coins I plan on Dollar Cost Averaging (DCA) into.
While I'm still a bit off on how much Cub I wanted to stack I've been itching to play around in the Farm and interest rates are a bit better so I decided to throw my hat in the ring and play in the liquidity pools. I just have a little bit in there, wanted to test the waters but have a Cub/BNB pair. I'll probably throw a bit more into there over the coming days to take advantage of higher interest, and once I get a few bucks into some pools I'll revert back into my original plan of using Cub profits to trade into and start stacking some LTC, FTM, ADA, and a few other coins.
It's amazing how crypto skews your perception of money, traditionally people would be creaming all over themselves for 8% or 10% a year and here I am complaining about 1000%. Hopefully rates level out at around 800% or 900% and let me stack some more Cub for a bit before they continue dropping. What's your guys plan? How are you playing this and what's your strategy?
It certainly does warp out perception of what good returns are. My goal overall this cycle is to get to a point where even at "low" rates I'm making enough off of it passively to live comfortably.
With Cub Defi specifically, so far I would stack CUB and stake it and then I took that to rebuy the coins I used to Invest in it and staked them. Then I'm using those rewards to stack more WBNB and staking that.
After this next runup from the stimulus checks I will move more into stable coins and keep stacking those.
Where do you see cub price going? Will it just hover around $5 or do you see it going up or down? Thanks for turning me onto the platform this is the first staking ive done where ive seen meaningful returns
I think it would go up from looking at Goose Finance / EGG but it is hard to say. At the end of the day I hope it keeps moving up but at this point in my Cub Finance journey I'm not as focused on stacking Cub because the return for it isn't that much better than staking other cryptos at this point.
At this point I more look at it as a magic money printer to stack more ETH, WBNB......etc Then the thought is that will certainly go up as the stimulus checks hit.
What about CUB-BUSD
Why don't you farm on this ?
Posted Using LeoFinance Beta
Yeah thats what im moving into next