Ahhh, this clarifies some of my questions in the other comment. At this stage, the dens and farms are like Nothing. You even use the term Ponzi... and that may indeed be the correct terminology. I've read from the Leo team - or some promoters of the Leo team, not sure anymore - Leo team is planning to use CUB as the foundation of new DeFi projects. But indeed, that's all an unknown at this stage. We got some free CUB, cool. I have them in the Den and got me 10% return in the last 2 or 3 days, not sure anymore when I entered the Den. But to decide to buy some CUB from the market and stake them to benefit from the high APR (which is dropping fast as per your post and comments), seems pure gambling to me. When CUB value would be halved at the Swap/Exchanges, we need a few weeks of 1000% APR to counter that. I suppose it was best to get into these Dens right at the start when APR was like 8k% or something. That said, we may spend 15$ per CUB, which is now worth only 1/3. I do believe in the Leo team, but this whole UB DeFi thing seems to me even riskier than back in the days when ICO's was the thing. Maybe it's like what I discovered this morning: the SHIB token. Since 4AM UCT this one is pumping. Elon Musk tweeted about it. The website says TBD... even for the whitepaper. From zero to a lot in no time. Gambling with a high-risk profile, like playing roulette on numbers instead of black/red or something. I must say: I wished the Leo team launched this CUB thing only after they had some other project(s) ready to launch making use of CUB. Now it looks to be a little like: Let's try to make money with nothing. Come across to me less honest then the team likely is.
Posted Using LeoFinance Beta
I don't think that it's dishonest, more like 'strike while the iron is hot' and then as they release the rest of their roadmap there is a core group of CUB holders that are highly motivated to try out and promote the new products.
I think you are correct. The LEO team looks to be very honest and like what they did so far.