A look at the insane yields on Cub Finance before the launch of PolyCUB.
The upcoming PolyCUB airdrop announcement has seen assets on the Cub Finance platform shift, offering fresh opportunity for savvy yield farmers.
Haha, look at all you degen creatures crawling from out of your hidey holes when someone mutters the magic word of airdrop.
Welcome back to the community and I hope you enjoy the virtual daylight shining into our lovely digital home while you’re back.
What a time to be alive!
The rebalancing Cub Finance yields
Per the announcement, CUB staked in the Kingdom will be airdrop at 100%, while CUB in the CUB:BUSD pool will only be airdropped at 50% (the CUB side of the LP only).
It’s been pretty wild to see that Den dominance has risen close to 70%, essentially taking them off the market by locking them away over the medium term.
The majority of the circulating CUB supply, transparently not for sale.
What we’ve seen as a result is investors too scared to risk impermanent loss on their precious cubbies, fleeing from the CUB:BUSD LP and causing that pool’s APR to surge to 170%.
This is money absolutely fleeing like there is no tomorrow, from the LP that is hedged in the safest manner to downside risk.
Reckless?
Well who cares, because it’s happening.
And it’s causing the Cub Finance platform to have to rebalance rewards, pushing the APR on the safest farm to ridiculous levels as a result.
Do the diamond paw HODLers in this community give a shit?
Nope haha.
Nobody wants to risk any of the CUB they already own right now, for even twice the APR!
If they didn’t sell or even hedge using the CUB:BUSD LP on the way down, they’re certainly not selling on the way up.
These babies are now locked and not going anywhere.
Pretty wild when you think about it this way.
The LeoFinance community is something else!
Final thoughts on what we're seeing
Can you get a greater short term return with your money in the CUB:BUSD LP?
Yep.
Will you make more by not risking impermanent loss and holding all your CUB in the Kingdom that earns half the return?
Only time will tell.
I mean you degen creatures are never disappointed by what price does around airdrops, are you?...
Best of probabilities to you.
Direct from the desk of Dane Williams.
Why not leave a comment and share your thoughts on the Cub Finance farm yields skyrocketing before the PolyCUB airdrop, within the comments section below? All comments that add something to the discussion will be upvoted.
This Cub Finance (CUB) blog is exclusive to leofinance.io.
Posted Using LeoFinance Beta
This rise is really amazing. I really wish I bought more during the drop to 30cents.
I guess it happens.
I am happy about the innovation and the news surrounding the IDOs too.
Air drops have a way of spiking price.
It's also nice that there are reasons to hold cub now.
I guess finally cub might eventually become a lion
Nobody can always buy the bottom and sell the tops.
All we can do is make sure we take a chunk out of the moves in the middle and accept what we take.
Don't worry that you didn't buy enough at the 30c bottom, just focus on taking what you can out of this current move.
Posted Using LeoFinance Beta
Great advice thank you
The main reason I don't want to move CUB aside from airdrop is that CUB is utterly undervalued. CUB price going parabolic can more than make up for the lost APR from staking anywhere else. That is why I have everything in CUB and nowhere else.
!PIZZA
Posted Using LeoFinance Beta
While I do somewhat agree, this is still an assumption.
Yes, you MIGHT make more IF price goes parabolic.
But you WILL make money from the yields on offer NOW.
It's not like you're getting zero exposure to the PolyCUB airdrop while in the CUB:BUSD LP too.
A hugely underrated option in my opinion.
Posted Using LeoFinance Beta
Well I originally invested into the Farms even considering the IL. It's a feedback loop for me where the harvested CUB goes into my kingdoms so either way I am fine with what is happening.
Posted Using LeoFinance Beta
This is a smart way of looking at it.
It's all just money that you're looking to compound.
Posted Using LeoFinance Beta
I think the APR is calculated based on $ value, so the increasing APR is majority impacted by CUB price increase. Withdraw from LP can change the APR but I see it has small impact, compared to CUB price
Posted Using LeoFinance Beta
Yes price has an effect, as you say.
But I think you're underestimating the impact that money leaving the pool with the highest allocation of inflation, has on yields.
That is the major driver here.
Posted Using LeoFinance Beta
I think cub is undervalued and with the new update I see everything about cub going to maximum.
Posted Using LeoFinance Beta
The amount of CUB that has recently shifted from the CUB:BUSD LP to the CUB Den, show that a lot of investors feel the exact same way you do.
Whether that will be a mistake, only time will tell ;)
Posted Using LeoFinance Beta
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