DEC-BUSD Farm on Cub Finance. (Highly recommended as you earn CUB Tokens by participating)
The risk with this is the impermanent loss of your DEC. I have been in this pool since before SPS and, due to the massive price rise I have lots hundreds of thousands of DEC. I have a load more BUSD of course but I'd rather have the DEC. The 2 for 1 airdrop points have no where near compensated for the loss of DEC. I would have gotten way more points if I'd hodl'd.
Maybe the CUB earned makes up for the financial loss, I haven't done the figures, but, given the poor performance of CUB I doubt it has. I consider getting into this farm to be one of the worst crypto choices I've made.
However, there may come a time, when all the SPS has been airdropped and it has settled down, I might be grateful for the BUSD. But by then the DEC price will probably have dropped and so I'll have less BUSD. 😂
By selling some of your cards for DEC, as shown above, you are significantly increasing the airdrop points available by way of the increased holding of DEC tokens, in turn maximizing the amount of airdropped SPS to your wallet.
I've considered this but don't feel confident about making the right choices. Knowing my luck I'll probably end up selling the exact card that becomes hugely valuable in the future. 😂
I think it's fair to say my talents lie in hold'g not trading. 😁
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Yes impermanent loss is possible - but I believe that if you do run the numbers you did not suffer financial loss (or if you did it was negligible). As for the loss of DEC, you have to chalk that up to risk. If DEC retained peg, we would not be having this conversation. But it did not and I am sorry for your loss of DEC.
With respect to selling cards, any sale is a future crap-shoot. No one has a crystal ball and the way I look at it is to do what is best for the moment.
Good luck to you!
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Yeah. It's a good example of "you never know" in this space. SPS wasn't around when I entered the pool and since DEC was relatively stable at the time I thought I was pretty "safe" with a stable:stable coin. At the time I didn't mind if I got more DEC or more BUSD. That only changed because of the airdrop.
That's nice to hear. I think the biggest gain for me though has been the education into how liquidity pools work. I read a lot about it but nothing beats the actual experience of being involved in one.
Yep. After writing my comment I remembered that what I'm really after long term is passive income, so hod'ling makes more sense than trading for purely capital gain. 😊
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