Cub increased the single pool apr recently and the effect was negligigble.
The effect wasn't negligible at all.
It actually crashed the price even more than it would have otherwise.
You are trying to isolate one variable when three different things happened.
- Single staking pool yield increased.
- LP pools cannibalized into single staking by pendulum.
- pCUB launch.
The biggest variable here is the pCUB launch.
It was obvious that people were going to sell CUB and LEO to participate in the project that had 10000% yields. It did not matter that APR to single staking was increased from 30% to 60% because it's competing with 10000%. In fact it should have been decreased and the LPs increased to add liquidity to the system because we knew there was going to be high volume.
Better yet, don't start the new network with 10000% APR and waste a bunch of money for no reason, pulling in liquidity from CUB and LEO and then bleeding that value out to bots & kingdom whales. This is not rocket science. If you want a sustainable token then make a sustainable token. Opening with 10000% is known to be unsustainable. Stop giving an advantage to people that join within the first five minutes. Stop saying, "Oh don't worry we will make this sustainable later." No, make it sustainable now.
im looking forward to your DEfi launch edicted. Mad scientists like you should all be having a crack at this problem....every time a new experiment is launched, something new is learned. Its just a shame that everyone feels the need to shill their projects as if they were golden unicorns when clearly no-one really knows how this stuff is going to play out. A lot of starry eyed minnows have their savings at stake! We should be protecting them with clear warnings and grounded expectations. This is like taking an experimental vaccine....
Posted Using LeoFinance Beta
lol. I am the top one...
Neurotic, emotional, doomed to flounder
It actually super reminds me of the wLEO hack because I was like oh shit that sucks for khal and I didn't try to message him for like 3 days lol