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RE: CUBLIFE (CL) - Weekly report #12

in LeoFinance4 years ago

Most of what is in Kingdoms is ok, to be honest. I'm just a BTC and ETH whore. 😁

To me, BTC and ETH are the gold and silver of crypto. When im looking for LP's, im focus on the cryptos I wanna invest in and not so much on the APY. No point in earning 100% if the tokens LP'ed drop 80% if that makes sense. You'd better off LPing stable tokens and earning 15-20% instead.

CAKE is a farming token and I never buy a farming token because they are given away for free and highly inflated so not a great investment. I know they prob do burns but if there's not so much demand, burns are pointless.

BNB/BUSD is ok in a bear market but with this recent BTC price pump, the tides might be turning and we could be back into the bullrun and in which case, it would be better to just hold the BNB.

The belt kingdoms im not so sure about. I like the stable token one but the ETH and BTC ones are dodgy to me as the belt wraps are not pegged and I dont like the idea of swapping 1 ETH to get 0.96 beltETH. If it's earning 16% APY, that's 3 months to break even if the peg stabilizes. I use the stable one for another token but not the others. Also, belt fees are super expensive for BSC.

In short, I stick to what I know and what I think will still be dominating in 5 years time. My only personal investments in CUBfinance are CUB and BTC/BNB kingdoms. I know nothing about DOT so I dont touch it.

I guess it depends on what your investment time frame is and what your plans are for your future harvests.