I'm expecting CUB to go downwards slowly until the sinks come online, that is, until the Bridge starts generating enough revenue to soak up all the inflation. The highest yielding liquidity pool is currently the CUB-BUSD pool. What people do is they sell half of their CUB for BUSD every time they harvest. That's the fastest way to gain access to newly minted CUB right now. Unfortunately, it creates selling pressure on CUB so this is a case of a race to the bottom. Those who do that lose money the slowest.
Until the ERC20-BEP20 Bridge comes online and people start using it sufficiently create serious buying pressure on CUB, the downward trend in the price of CUB will continue. The good news are that the pace at which the selling pressure from the highest yield pool affects the price of CUB becomes progressively smaller with the passage of time thanks to the growing liquidity in the pool.
I can't say I know when the price floor will be reached and what exactly it is. But what I find likely is that come summer, the price of BNB will go up thus causing upward pressure on the price of CUB as the pool auto-sells BNB in it for CUB to balance the value of the sides as BNB goes up. Thankfully, the yield in that pool is rather high, which means that it is likely to attract investors, creating demand for CUB.
I think the optimal way to play is to pay very close attention to the price movements of the whole crypto market and BNB in particular. When it breaks out, moving money into the CUB-BNB pool is probably the smartest move.
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I tend to agree. Thanks for the analysis. We hope for the moon, but with so much selling pressure it did seem like we were on the path to progressively going lower and lower. Not sure if $2 is even the floor yet, it will probably go lower still. It's a waiting game. In the meantime, get those yields :)
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The CUB-BUSD pool is the only it makes any sense to be in at the moment that the whole market has been correcting. It's got the largest yield and the stablecoin pairing gives one a little bit of protection against a drop in the price of CUB.
This could change when the overall market correction passes, or more importantly, when the Bridge comes online and it when the token burns start.
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What about the BNB pool? They are about the same APR, and good to have some BNB stake for the upswing of BNB to get more CUB?
As I said in the original answer, that's a very good pool when BNB starts going up. BNB seems to be in a bit of a downtrend right now. But that could do a 180 on a dime.
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