Hello, LBIer's. I have been sitting looking at the screen for 10 minutes thinking, what to post about today and then I had a rare thought. It's been a while since we have done a CUBfinance update for LBI, maybe a few months, maybe more. With doing the CUBlife report every Friday, LBI's CUBfinance holdings reports are put on the backburner. Once every 3-4 months are enough I think, what would I write about every week? Moving on...
Let's just jump into it, we all understand what CubFinance is, how it works and all the rest. Farms are first and we are in 3 of them.
To start with, it's worth noting that I've not added anything to any farm for maybe 5+ months. The top dog is the LEO/BNB LP. This was mainly built from wrapping LEO from weekly earnings into bLEO and converting harvested CUB to match that amount. We did that for roughly 8-10 weeks straight to build this up. It was worth more when we stopped adding to it but LEO has been on a hell of a ride this year. The second is the CUB/BNB LP, this was saved up from leftover CUB each week after we converted whatever CUB we needed to match that weeks bLEO LP. Simple split half the leftover CUB into BNB, create the LP and stake it. The last one is the DEC/BUSD, this was added to earn a little SPS. I was added more recently but funded from harvested so for free.
After building up farms for 3-4 months by reinvesting harvests, we had built up a nice income and next, we ventured into getting other cryptos. We naturally used the CUB kingdoms for this and have been saving up since.
New plans to add are to remove anything from the farming side of CUBfinance for the foreseeable future and I look a few years out. We're expecting polyCUB sometime soon which could create a chance to earn a really good APY with pLEO/MATIC LP which I'd assume would be there on launch but no plans to convert our BNB into MATIC for temporary better APY. These farms are our bread and butter and only funding toward non-LEO/HIVE investments. Basically, it's all fed into kingdoms 😎
Let's look at kingdoms next.
First is CUB, since we stopped adding to this pile at 1250 tokens, we earned almost 500 additional since. These will get us a tiny polyCUB airdrop but with the airdrop taking place over weeks, not sure it will be of any benefit to us. We hold these to hold them just in case CUB someday moonshots for over $1.
Then we have our ETH, it's not much but we got it for free from harvests so we'll take it. I never really went hard into this because the APY has always been shit. I never saw it down at 3% before so I guess people like to stake ETH. Again this is holder until ETH moons to $10k then it's a sell it for something else. Most likely a stable token.
This is another old one, a kingdom I have not added to for a long time. It's just nice to hold fiat sometimes. I'll add to this when we sell our ETH and BTC/BNB LP's and see what daily CUB we earn. Could turn into a nice daily LEO drip for LBI. CUB>bLEO>LEO. For now, it's just earning us 10-15%.
This is the one I have been adding to mostly because I think it's the safest in crypto standards for us. They say BTC and BNB LP well together without much IP taking place because BNB follows BTC closer than other tokens. We already have lots of exposure to BNB with our bLEO/BNB farm but we have any to some BTC. What sort of crypto fund could we be without some BTC. Anyways, if we are still in a bull market and BTC pops x2 in like 10 days for something crazy, I'll be jumping ship and converting to stables to lock in profits.
I guess we should take a quick look at the BSC wallet while we are at it. Not really holding everything in here. A little bit of BNB for transaction fees and some BUSD which will be used toward funding the investment that was voted on a few weeks back. I've been saving CUB harvests, this $304 is the result of 2 weeks of harvesting. One more 1 week and we'll have a number to invest into that. $300 is not enough, $450 sounds about right and $600 sounds too much for a tester.
Total
I almost forgot about doing up totals. Ok, so...
$15,151.66
55,000 LEO to you and me
There you have it, that's all our holding on CUBfinance. In a nutshell, we hold farms forever or until they are earning under 30% because they produce us a good income that can be used to build other cryptos. If the bullrun is still on, I'll be trying to sell off our ETH and BTC/BNB holdings to convert to stables. These stables will be held until the bear market returns and crypto is on discount once again. Not really doing anything special, just stuff that takes a long time. Sometimes less is more :)
Thank you for taking the time to read through today post, I hope you've found it informational and you have a better understanding of our CUB holdings and short term plans going forward.
Follow our account if you are not already or I'll kill your hive PUNK
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I was in the exact same position this morning. Somehow I managed to string together a decent 850 word post. Talk about miracles. Sounds like things are plugging right along. I would be ready to put some money back into the farms at some point. It is possible people will pull liquidity when PolyCUB opens up and that could net you some sweet APR's if you stick to the basics over on BSC CUB.
Just a thought.
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Yeah, i think your right. PolyCUB will be the same investors as BSC CUB so im guessing the same thing and thinking alot of people will just convert funds from BSC to Poly to chase APY's. I personally think that BNB is much better than MATIC.
I hope sticking with BSC will do wonders for us. CUBlife holds roughly 1.5% of the bLEO/BNB LP so we'd benefit massively.
Also, i notice 3-4 of the kingdoms APY's have near halved
Well it all feeds back into the system. I honestly would not like to see the FARM APR go under 30% and I like the current percentages. However I do like that there is a plan in place.
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When polyCUB launches, people will move funds from BSC to MATIC so maybe the APY's on BSC will improve :)
I look forward to that. I wouldn't mind getting some better returns and maybe I can start converting some CUB into LEO eventually.
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Just perfect ! !PIZZA
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PIZZA Holders sent $PIZZA tips in this post's comments:
@ykretz.leo(5/8) tipped @lbi-token (x1)
Learn more at https://hive.pizza.
do it ! :P
I was too lazy and stingy to mint one :)))
I was going to gift you one but after seeing this comment
I burned it
baaa-haaaahaha!!
:))) Losing is just they way I roll in crypto
It's time to stack up some more LBI tokens. THis is just the easiest way to tap into the growing wealth around the LEO token.
yep, pretty much. We'll be involved with pretty much 90% of what LEOfinance offers.
Please dont kill my hive punk!!! I already following you for quite a while already.
Anyway nice to read about it. Making me more confident to get into LBI to enjoy the passive growth in asset values.
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Ok, your cool
Yea, i should do these more often, token holders do like to see numbers. Keeps my honest as well :)
Thanks for your support
When you talk about stablecoins, are you including HBD in your thinking? From what taskmaster says, we could be looking at the 10% currently being paid going considerably higher in the next few months. Just curious to your thoughts on that....
If you don't hear it enough, I think you're doing an exceptional job with all of this. I love the fact that you have a plan and just go out and get it done. I feel we're in good hands moving forward.
In the meantime, I've been following this account almost since creation so my HivePunks are safe for another "3-4 months" I hope. I start hiding them again come end of March...
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Hi, thanks for the nice comments :)
Yea, I think we would hold some HBD. These stables we will get will be off-platform but I'd like to take a percentage of it, something like 20-35% and convert it to HBD to HODL for 24-36 months. And then when were think that crypto is fooked and everything is down 95%+, we'll buy back in a bunch of LEO and maybe some HE tokens but like 80-90% LEO.
Your PUNKS are safe 😈
I have a gang of punks... don't mess with them :D
$15k sounds like a fierce number, might plan to enter polycub at the very launch... in 2025 :D
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in 2025? baa-hahaha
Im hoping that everyone else jumps from BSC to MATIC and our APY's increase a bunch on BSC.
Are you following the account so I know if we have a problem are not? Gang, you say?
Following ! we are good :D
LEO on ETH, BSC, Hive with BXT and soon on Polygon is a blessing ! Competition will be everywhere, with APRs moving non stop.
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..unnecessary 😔
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