Yes, agreed I also bought an expensive cub on Hive engine around 20 hive to 40 hive. If someone helps me how to buy cub with bnb from binance exchange.
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Yes, agreed I also bought an expensive cub on Hive engine around 20 hive to 40 hive. If someone helps me how to buy cub with bnb from binance exchange.
Posted Using LeoFinance Beta
I bought BUSD on Binance and then transferred it to my Metamask wallet. Then connect my Metamask wallet into CubDefi and exchange BUSD for CUB there. I hope that helps, need to run ...
Thanks just join cub-busd pool
Great choice! Just be sure to watch if it moons, then might be good to get out because of impermanent loss.
Loss? if cub price increase?
EDIT: That was not clear. Basically if CUB goes up, each CUB is worth more. However because of how an LP works, you will end up having fewer CUB. But also keep in mind a farm currently earns about 3x what a Den does, so you're making much more with that. It's not at all clear to me (yet) what the relative value of each of them are. Hope that is a bit clearer than what I wrote originally. Also, it's complicated and I think none of us actually quite understand it.
Well, loss compared to if you weren't in the LP. But also the farming gains can outweigh that. Here's a recent article that seems about right.
I'm thinking of doing an article that tries again to simplify the maths with some simplified numbers.
Never think that I lose my token in this farming. How this LP work ? which token price effect other ? In den also lose cub ? - which lp is secure so I focus on it. If you write article on this tag me.
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Den doesn't have the problem with impermanent loss; you always will have at least the amount of asset you put into it. It's not that the LP is not secure; it's the nature of LPs that they are rebalanced.