If you're in Cub you've noticed the pretty rapid decline in price over the last day or so, related to the declining Total Value Locked in the platform - it's down $500K today alone, and with only $16 odd million locked Cub is settling in to be a pretty small-fry BSC defi outfit.
I think there are four main problems that need to be addressed to sort out the declining price...
Three of them we can do something about, the fourth we cannot, although sorting out the first three would help with the fourth
Improving Visibility
One problem that could be solved pretty easily is that Cub has near total invisibility outside of the LEO ecosystem - recent @leofinance posts about the bridge and ongoing developments probably reaching only a handful of people outside of the leo shill-bubble, which frankly in the context of the declining price looks laughable.
And it doesn't help that Cub isn't even listed on Dapp Radar. It should be right below Autofarm in terms of TVL, but it's just not there:
In fact I can't see any sign of Cub anywhere on any DEFI tracking platform, it's just non existent. So if you were looking for a new-ish platform to stake to, then you wouldn't find it find from outside of the Leo ecosystem.
And you might not notice it from within the Leo ecosystem either - a link in the LEO APPS section would be a pretty swift addition!
At the end of the day, we're not going to see a bottoming of the Cub price, let alone a rise until more people start buying and staking!
Clearly Lions have had enough of buying and staking themselves, so we need fresh blood.
Shilling the 'security' because of the team's track record is something we could do....
Personally, the reason I'm staying staked in Cub is a trust thing. Don't get me wrong, I don't trust Binance or CZ, I'm taking a risk there, but I do trust the Leo team to not switch off Cub Defi and do a rug-pull on me.
I can put a face to the guy behind @leofiance, and he does regular vodcasts and is directly contactable on Discord - I know the guy, and he refunded us when WLEO 1.0 was hacked.
I don't know anyone behind any of the other Defi platforms, hence why I'm reluctant to put signficant funds into any of the others, the double risk of staking to a platform run by people I know nothing about built on a centralised clone of ETH run by (frankly) a criminal by accessory who colluded in selling out Steem - that conflation is a risk too far, but at least knowing Khal's track record reduces the risk of loosing all my funds on CubDefi.
So the returns on Cub may be declining as the Cub price declines, but to my mind it's one of the more secure options for my funds on BSC.
Maybe banging on about this could help drive the demand for Cub? (Banging on about Trustworth Cub, not Risky BSC)
Stop selling Cub/ or at least sell and stake back into Cub
Remember six weeks ago when everyone was staking their Cub and seeing mental returns, that was a shit time on Leo, wasn't it!?! All you had in your feed was cub cub cub, fucking cub.
That lasted as long as people were stacking it.
The last month has seen most people selling it for whatever other coins take their fancy and mostly NOT reinvesting it all back into Cub - certainly not in the last day or so.
At least if you are going to sell cub, re-invest it back into CubDefi for the burn fees!
I guess it's a case of 'together and loudly we rise, divided and quietly we fall' - honestly I tracked back through 8 hours of posts earlier today (16.00 Sunday ATW) and found NOTHING about the Cub or Leo price.
I guess that isn't surprising, why write about selling Cub, no one else is gonna upvote that!
The ultimate problem is the intense Defi Competition....
PancakeSwap and Bunny continue to offer some pretty reasonable returns in BSC land, and both are very visible and now well established by DEFI standards, and these are, well, attractive!
And then there's the perpetual shiny new...
You've no doubt heard of Panther's success by now, it's pretty much what we all hoped for Cub but that's happened there, not over here.... it's 12 days old, has a TVL of $200 million and on the back of that is able to offer those insane thousand percent returns and a rapidly increasing token price.
And I imagine some other new platform will pop up before the end of the month is out.
In the meantime I've got this depressing image of a Panther holding down a Lion Cub and the cub Whimpering while the Panther roars.
Final thoughts - We need to break out of the Leo Bubble
So it turns out that Cub grew mainly because of money from Leo pumping into it, but there's little evidence of outside money coming in.
While things were good, we were great at convincing ourselves that Cub was going to 'kill it', but let's face it, we're useless at telling ourselves the current truth - Cub is whimpering in the face of the competition, and it seems that people are gradually pulling out to take advantage of the similar or better returns on other Defi platforms.
I mean, this is a finance community, and we are all here to make money, right?
Maybe for Cub Defi to be a success, we need to start striking up partnerships with BIG blockchains and or companies to try and bring in serious money, like @azircon has mentioned?
Whatever we do, we need to do something to generate more demand for Cub, something other than tweeting about it, which doesn't seem to be doing much at all ATM.
I get the uncomfortable feeling that we've reached this point in the LEO journey where it's kind of gone:
- Hive pumped LEO
- LEO pumped Cub
- Cub pumps nothing.
In other words, Cub now has the same problem Hive has - people are just happy to milk and sell, and what both need are buyers!
Honestly, comments welcome, how do generate more demand for Cub in this intensely competitive Defi Space?
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Good point and also good point from forexbrkr below. I think both can be effective in a very limited way. Don’t get me wrong every little bit helps.
However, this is what I think from studying many defi projects on the BSC. A defi project, which are virtual clones of PCS grows in 2 ways (oh CUB is a clone of PCS and make no mistake about it)
Easy way to attract a lot of capital in the beginning by providing high fees, high APR and lots of inflation (lots of burn). This typically last 10-20 days. Then it burns out.
After the initial phase is over. Some projects begins to do new things like layered farming in goose, optimized compounding in Swamp or partnership and IAO in Ape. So far the 3rd, the Ape model have been most successful for the secondary growth.
That brings me back to marketing that both of you proposed. I am sorry to be blunt, if Twitter or Quora spam would do anything then Nathan would be the prime minister of Britain by now (no disrespect but I hope you get the joke). Panther didn’t really do any marketing... but you know about it... why? It’s TVL man! This is yield farming. There isn’t any loyalty... it’s just money. Also what will loyalty buy you have already bought you. Hive users ceiling is 18-20M TVL. To grow outside investment must be attracted, otherwise no one is interested. There are many options..., next. Higher return more crowd, more TVL. Very simple. Hive/Leo people are very patient thankfully otherwise the run on the bank would have happened by now. Just calling a spade a spade. Cheers!
We can also all go to leofinance discord and post a rocket emoji and scream: cub to the moon. That will surely do it. And throw in a couple of SOONs for good measure.
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Ah, Mr Oldtimer, that made me laugh :OD
Fuck i'm to blame, I haven't ever done that.
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I pretty much agree with what you say, I guess what you're saying is there should have been a more comprehensive plan in place for what to do after the first three weeks or so with Cub!
Based on what you're saying we should pull out now - Kingdoms aren't a new idea, after all! Governance isn't new, Project Blank is more bubble.
Trust me I'm with you on the ineffective Twitter marketing! I've long thought it actually does more harm than good, it makes Hive seem like a joke, but some people check it out, struggle to get onboard and think 'yup, defo a joke'.
Whereas if they'd found it for themselves they'd probably stick with it.
Posted Using LeoFinance Beta
!ENGAGE 30
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ENGAGEtokens.IMO other defi work a lot if Twitter/ social media defi accounts post about, same with videos.
Besides this, it should be on comparison sites. because people need to know first before they use it. But isn't it the same problem we have on hive in general?
What does PCS stand for ?
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PanCakeSwap
I second that. Twitter campaign doing more harm than any good. Shilling unrealistic price targets and other stuff isn't my thing. I do market myself on twitter but on occasions in a proper way. Also, LEO team needs some good marketing person. They code, code and do well but on market side they are mostly within hive ecosystem. All they need to do is catch small targeted portions of outside market to let them know our existence. More partnerships with outside apps would definitely bring attention.
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So stop talking about it in our echo chamber and start putting the word out on other platforms.
Mate, you're an excellent writer.
So why not practice what you preach by publishing outward facing content on your Leo blog and then put this sort of stuff on other platforms to actually bring new traffic in?
I'm trying my best to chip away at some low hanging fruit on Quora.
I also see there are a few who do the same on Reddit as both have pages that rank well on Google and offer a ready to go crypto community willing to click your links.
You can do it :)
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Yes guilty, I could do more you're right!
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Well sure, everybody knows CUB is not doing well.
When it all started out, the interview Khal did on a big BSC telegram group went really badly and made it appear that CUB devs didnt know what they would do or what their goal was.
The solution to that is simple:
Try it again.
The experience is there, hopefully goals set are more clear. Now would be a good time to start reaching out to these groups again.
A big problem CUB has is that its just us there. Im not seeing any large investors/speculators on BSC taking a second look. Khal is probably busy leading the team and as you pointed out CUB is hardly listed anywhere. And its not only Dappradar im talking about. Even on obscure lists people share on Twitter to shill the BSC ecosystem with as many projects as they can think of, no one is listing CUB.
Khal needs an outreach team that will knock on doors to get the word out there.
Instead, wer reduced to echo chamber tweets. Look, i love Mars but the effectiveness of those that copy him when it comes to CUB is close to 0. All our CUB shilling on twitter does is create a sense of activity. But if theres no where for an investor to even pick up the CUB name, its only us that see that activity.
If i had @khaleelkazi ear, and i did recommend this to him on week 1, what id do is very basic.
Announce a new token for a CUB ecosystem expansion. It can be a rebase token like AMPL, it can be something akin to UMA. Announce you will airdrop it based on time staked and CUB accumulated. Spread the word everywhere.
This is DEFI. Lets be honest here, CUB isnt anything groundbreaking or anything BSC hasnt seen already. The only way you maintain momentum is if you keep giving people something new to play with. Dangle that carrot.
LEO holders benefited from CUB, its time for CUB holders to benefit from something third.
Incremental changes with "soon soon soon" delays just isnt that.
We will stick with it, i know im not selling CUB, and hope for a return in a year, 2 years but when you get tokens doing 100x in a week some folks will just give up and trade the trust in the LEO team for a chance at riches.
I pretty much agree - A new token is a good idea, or more pools, we need changes to produce announcements to get a buzz going!
I wasn't aware of that Telegram interview, it sounds like a bad one to not max out on!
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If some ape defi King tweets about it, things can change fast.
If something cool would be on CUB like lottery tickets or whatever, people would also love it.
Marketing is all. And from MC it could 10x easy. But people need to know about it first.
CUB is to difficult to use. Its easy to put money in but takes a computer science degree to cash it out. I sold all of mine today more this reason alone.
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You get used to it... cashing out that is!
It's the same in the whole DEFI space!
Is there like $0 marketing budget for this? Because it would be pretty easy to take some bucks and put an ad at the top of all of these DeFi platforms. CUB is also hardly listed on any of these DeFi sites which is a little shocking after how many months of it being live.
Classic case of building something beautiful but if no one knows about it then who cares?
For sure we are minting more CUB then is being burned so the price will continue to fall until activity picks up. That activity needs to come soon if it falls under $1 I'm not even sure it's going to be salvaged to be honest.
I think we're almost out of demand from within, let's face it.
Price still dropping! At least it's slowed, it was carnage yesterday
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I think partnerships are probably going to be something we want. I have noticed that many of the Dapps are trying to get cross-block chain transactions going on. For example, Splinterlands branched off to take advantage of WAX and their NFT markets. At the same time, Rising Star is also working on integrating WAX NFTs to a players inventory. But I don't think I have really seen anything of the reverse happening here.
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I hope there's stuff in the pipeline, long term I think we might be OK!
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Possible way could be to mint a cub NFT on WAX wich is backed by actual cub, so people have to come to the site to claim it see the returns which are still pretty good IMHO, and maybe some of them stay :)
I don't think WAX has CUB backing it and you still have to consider transaction fees. On WAX, there is no transaction fees due to CPU (stake WAX).
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I am staying staked in Cub as I do believe that there is a bigger ecosystem being built here that Cub will be part of. There has been a lack of communication from the team these last few weeks and things seem to have lost momentum. I really thought that Project Blank would put LEO and Cub on the map but there are only so many times I can hear the word 'soon'! There has also not been a podcast for over 2 months. I understand that there is a lot of development going on in the background but what keeps people really motivated is communication and I miss that.
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Good point. A lot of people search YouTube for info on DeFi. Haven't had a roundtable from the Leo team for months. We could be bringing outside eyes in from YouTube.
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Maybe the lack of the podcast and Youtube content is due to the fact that one of the presenters was called out for something he was doing curationwise. It's a pity as I always enjoyed them and could listen while I worked.
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I'm holding for the long term just like with Hive - but I'm not convinced Project Blank won't be anything other than another echo chamber
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I am sure, like all the present blockchain social media there will be higher rewards for cheerleading posts. I believe it is up to every user to support whatever content they think will bring about a better outcome. Leofinance makes the tools and it is up to us to use it. I do get your point, I have never seen a Twitter post talking about how great Twitter is and when it will moon. To be honest it is one of the things that frustrated me most about this whole space.
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you pretty much nail it. one word, DappRadar. If it's not on DappRadar, it's almost impossible for a random person to find the hidden cubdefi. DappRadar is like google.com for defi search engine.
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Leo finance is a community about Crypto and Finance, its obvious that the people here are going to go where they can make money as that's what the platform is all about. Its very different to Hive where there is brand loyalty, but there is precious little loyalty (and rightly so!) in the financial world so it's just the nature of the beast. No worries! I am sure LeoFinance will be bringing out more products and people will shift their funds again, as for the visibility, that's up to everyone to help increase!
I know what you mean - people are selling Cub, what did we expect!?!
And no one's writing about that are they now!
At least the LEO price is holding up, that's encouraging!
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It's all good mate! Just part of being into Crypto. Are you farming Panther yet?
..
..
When all is said and done, you're living your dream in your own little corner of the world. Don't let the (crypto) bastards grind you down ;-)
Absolutely! Everyone can help getting more exposure for LEO CUB and HIVE
!invest_vote
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@solymi thinks you have earned a vote of @investinthefutur !
Great points.
I have invested a lot into Cub. I haven't taken any out and don't plan to yet, but I'm also not putting any more in (beyond compounding what is already in) until I see some improvement.
As things stand, Cub seems to be suffering from what has always plagued Leo and Hive: no one knows about us. And newbies who do wander into Hive are intimidated by all the keys they are told to memorize. (yes yes, I know it's very secure and all that, but from a user perspective it is terribly complex and intimidating).
So almost no effort is made to get new users, and new users who do randomly find their way here are chased away by what at first glance appears to be more trouble than it's worth.
I mean I love Hive. I've been here for 4+ years. But this has always been the problem, and it looks like it will continue to be the problem.
And Cub? No one knows about it. Newbies who do stumble upon it see this Leo connection, and that leads to Leo/Hive, and ...ahh..too complex, I'll deal with it later—then they go away and that "later" never comes.
Unless Cub can figure out how to overcome this, I don't see things recovering. (but I hope I'm wrong)
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Wow, what a great post with lots of really good points you brought up. It is definitely hard to be critical of something that many of us (including yourself) are so invested in. Your post and many of the comments here are honest though, and that is very important. We can't just stick our heads in the sand and hope everything is going to be okay. I am hoping some of the great ideas here can be implemented. Twitter obviously just isn't cutting it.
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I'm not sure calling a spade a spade is a criticism - we are very much a bubble!
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A fixable bubble though? It would be nice to see some official comments addressing some of the concerns...
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Great sum-up of many things not actually going in the right direction.
Hoepfully, this might be fixed with the upcoming PR once Kingdoms are launched.
I talked about this issue that apart from the Hive/LEO ecosystem we had trouble to bring more people.
As I was researching nice BSC DeFi projects I cam accross the main website defistation.
I wrote about the fact that we should be listed and we would have a good spot. https://leofinance.io/@vlemon/calling-lions-to-help-get-usdcub-listed-on-defistation
I was told that it was already ongoing so I thought this would happen soon but it still is not the case. It would make us more "legit" and actually a top 30 BSC DeFi Project.
I also feel as we are close to a Top, continuing the Leo Podcast would have brought a LOT of new users as Youtube views are through the roof at the moment.
Cheers and thank you for raising awareness on this issue no one was ready to talk about ;) !
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Hive and Leo are pretty much echo chambers with little visibility from outside. Somehow we have to break out of that. There are lots of competing products, but I'm not sure there is anything to match them as a social platform. We need to get other communities on board rather than using centralised platforms to chat about crypto, e.g. reddit.
Yes I agree, and there seems to be 100% agreement that marketing and partnerships are the way forwards.
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It's all very well operating in our little bubble, but $HIVE will remain low value if we do. If it goes up then we all stand to benefit. It's a travesty that it's worth less than $STEEM. Even $DOGE used to be worth around the same, but that has just gone crazy thanks to hype. Hive is a good platform, but nobody knows about it.
Wolfie is busy building 😂😂😂
I think most hive people got taken in by Cub because most didnt use defi until then. Let's remember Cub forked pancakeswap, so there wasnt an inherent reason it should moon. What Cub did to start is what 100s if other forks did. It's a first in first out profits. Almost none if these copycats had any substance and ppl lose tons on trying to be first and dump on others.
Cub does have something now that burns Cub with the bridge.with almost no marketing it wont be enough.
Yes there is a lot of shipwrecked DEFI projects out there!
Cub does need something to keep it fresh for sure. That bridge seems to have done nothing.
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If they could advertise the bridge and get 10s of millions of USD going through it each day, and the fee is 1%(.75% burns Cub) then we could see more Cub burned per day than emitted per day.
Too many soons...way too many soons...I cant hear it anymore. Soon, Soonest, Soonest of Soons. It has never been funny to me. Not once and never will be. You are not wink-wink talking to a friend but to people who want to invest and have monstrous amount of opportunities out there. The competition is big and sometimes it feels like the Leo Community is completely blind to it.
You tried to market this in the first week as the DeFi platform that does not take % for its developers. But that was a lie...in fact, I would argue you are taking the most % out of any DeFi platform on BSC. Did you think people would not see it this way? You are taking a whooooping 20% for yourself with the Leo Burn. Ridiculous to market it as the "fair BSC DeFi platform". No wonder there were Zero AMAs after the first one.
Anyway, the Soon stuff really kills the hype. People are waiting in anticipation and then nothing. And I mean nothing...not even a post about it anymore for weeks. Just dead silence. This is the single biggest reason this project has failed. You don't like doing the marketing or are you just incapable? Then hire someone...could even ask people for the money. We are here, ready to invest.
LeoBridge ready soon, the soonest, now...and it took forever. I've read why that has happened and I do not give a shit. Nobody cares why stuff is delayed. Sure, we nod and understand but nobody gives a shit. Deliver or die. Too many timelines not held. And I mean reaaally not held by weeeeeks. This is a fast paced action market and these guys are chilling their nuts...I don't think this was the case, but it looks like that.
In the meantime a lot of tokens can be swapped cheaper elsewhere. And the Bridge also never appealed to me. As someone living outside the US (and duuuh, thats most people in the world for your american-centric world views) this was never something I would use. I have to go through KYC anyway...its totally normal.
So, how many people used the LeoBridge so far? With its 3k max limit its a joke. It doesn't cater to anyone really. Smaller accounts don't care, they left Ethereum a long time ago. Bigger accounts are not interested in 3k swaps.
Then the Kingdoms. I am not a coder but these things pop up elsewhere in no time. It doesn't take them over a month after announcement...in fact, usually the announcement and delivery are max a couple days in between. Let me check right now...oh ofc it is not ready.
Then Nathan was mentioned in the comments and tbh I had to mute him on Twitter. My timeline was full with his constant shills and retweets of garbage posts. Does he get paid for that by the way? Cause he is causing more harm than anything. His posts are neither funny nor engaging.
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Oh I forgot to mention that this has to be the only DeFi platform that does not even have its own Twitter handle...again, just looks like a way to pump your LEO.
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And omg this Spaminator here is so freaking ridiculous. I swear, if this Spaminator gives me one more downvote I am going to rage quit Hive, Leo and Cub. How do you expect people to engage here on a regular basis if they get the Spam shit every time. For fuck sake.
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I'm actually taking advantage of the low prices and adding more Cub to my den; but totally agree with you, we need outside people! Everyone here knows how great Cubdefi is, and having a team we all know behind itoffers the security we don't have in all the popping defi environments. How can we pass the word around? A great question.
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Well, the first thing would be honesty. You say we know how great Cubdefi is. What makes it great in your eyes? Besides your personal faith in the team. That is something the rest of Crypto-World hears about every team out there.
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Personal faith in the team is one of those things, and probably the most important one. Probably the rest of the crypto world hasn't been on Hive that long, has no idea about a community called Leofinance, and the work done during YEARS that has Cubdefi as its latest project. I have no idea who is behind pantherswap, whateveryoucallitswap, and so on; they can be awesome teams, but of course, it's up to each one to DYOR. As I did.
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Exactly. They have no idea and quite frankly, they do not care. You say you DYOR (and then claim you have no idea who X and Y is, so I guess you actually did not do any research, but okay...). Let us assume someone starts doing his/her own research now with CUB. What does he/she find out?
A developer fee of 20%, lots of missed deadlines plus a completely botched communication as well as a declining TVL. That doesn't bring too much confidence in the team, even though there is a face to it. Safemoon also puts faces to them...Rolex always has a CEO and is one of the biggest scams of our time.
The only way to fix this is by delivering on the promises. Last week was supposed to be THE Week for Cub holders. Kingdoms is still not even online...
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For sure. But given their record until now, it's hardly a team that fails to deliver; and the last posts point in the right direction. In the end, it's up to each individual to make their own mind!
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Name recognition and branding take some time. Most marketing campaign do not consider anything before 4 month the results of branding, so just time can help. Keeping people into wait for it, is an issue in bull season.
Another thing that could help is fees. Why should I be able to move my rewards three times a day from a farm into the den with out paying any fees.
I'd be happy to pay a small fee to burn cub when I am staking back into the den, which I do OFTEN.
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I'm hoping Cub is a long burn thing, excuse the pun!
I think the no fees for Cub is designed to encourage people to stake and hold so I sort of get that!
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Marketing can also work super fast the other way. But it must be done smart and with a budget.
Project Blank would have gave it better exposure. Unfortunately, as in the case of Hive in general we're kind of a closed circle of users and investors. It's easy to understand sellers because that's what most are doing with so called free money. I guess that's how people see CUB that they earned. No matter the problem on Hive we keep on getting back to marketing and exposure and nobody seems to care for investing in that.
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I am completely willing to put a few hundred bucks into marketing, but there is also thisTwitter problem, how the f. can it be that a leofinance tweet announcing the bridge gets 18 retweets? how many of the users on hive and leo have a twitter account? All this is adressed by proposal 170 by @nathanmars and it is still not funded...
As said I am totally willing to get marketing efforts going I would even produce videos for social media to shill the project. I am willing to take CUB as payment.
!LUV1
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I have to disagree, it makes a huge impact if tweets get retweeted more often, and retweeting the official announcements of LEOFINANCE wont hurt the project it just gets more exposure.
And everything on social media centralized or decentralized works with consistency.
It helps to onboard new users, almost all of my refs come from twitter.
I know that taskmaster is actually tweeting about the network, and also onealfa does it.
But do not underestimate the small accounts 4k people with 100 followers each can make the same impact as one big account.
Or hive chain reward onboarding and dont let the onboarder pay for it. Would also change a lot.
I know we have a lot of marketing guys here. But nobody wants to pay the bill + no reward.
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I'm not convinced about Project Blank, that'll just be even more of a bubble surely? A bubble within a bubble!?
We do need decent marketing, now more than ever!
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I truly agree. Without marketing we're just a closed community.
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Seems like they don't understand the importance of marketing - after 5 years... LOL
Everything that's connected to hive, one way or another, fails to make me some ROI.
Will probably stop investing in anything related to the same background and search for better opportunities.
Yeye, the fundamentals are strong, but who gives a shit?
Fuck it, I'm sick of getting rekt for believing in someone.
Maybe once the Defi bubble bursts people will rush into platforms with decent fundamentals,
Then again....
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Nah, fuck it.
it's leeching the bubble.
The biggest problem I talk about for years. Reward onboarding.
Nobody wants to pay for onboarding.
If this would change, the system would be different.
It is 100x easier and cheaper to use existing Hive users.
Nah, it's more important to support the same 10 people over and over again.
God, how frustrating.
It's like everyone is fucking blind.
Am I the only one who thinks that we don't have a witness competition, and because of that we can't do shit?
No partnership was done since the inception on #Hive, no outside exposure, nothing.
I can name 4 witnesses that actually do something, others are just farming on the rewards - AND complaining while doing that.
If it wasn't for Dan and Marketing campaign I would be out a long time ago.
I thought #Hive had what it takes to decouple from this shit we used to see on #steem, but I was wrong.
Leo is the same thing as #Hive. A bit more centralized but still... the same modus operandi by early stakeholders - although I must say I got supported more on Leo than I have on Hive but it doesn't change the fact.
They went for #BSC to catch a hype.
I'm just waiting for this HF25 and if it doesn't solve the problem of window voting and witness votes I'm out for sure.
The way forward is the 2nd layer tokens for sure. Hive isn't getting people nearly as much rewards as Leo upvotes are giving out for example. There will be many 2nd layer token projects that do better than Hive on rewards.
Instead of focusing on what they started, that is to provide a decent tokenized and social UI to the masses they overextended themselves with all the #Defi - and I don't blame them. But what they forgot, is that most of the LEO funds were provided by the community and if they wanted to catch the train they should have thought of rising the funds and liquidity first.
There's no good #defi (outside Uni, balancer, and similar) that succeeded due to a good product, they all made enormous TVLs based on the fucking hype and marketing.
Time to rethink what we're doing here.
It suffers the same fate as Hive and Leo because its out there on the fringes of crypto verse. We might think it doesn't get any more crypto than Hive and LEO but the fact is all these platforms are sort of niche products with small communities. We dont attract the big the money because we are not mainstream and never will be. Not never will be but far more probable that we wont be. Its just a sad fact but everyone here who is investing with real money needs to think about what they are expecting from it. Binance is proving itself to be a monster, what ever they see they take and do it better and quicker than anyone else.
And it seems to be getting nicher!
Diversification out is certainly a good idea!
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I think you're pretty spot on on all of the above. I bought in at about $3 (ouch) and a bit reluctant to pour more into it for now (although will do great to average out my entry price).
I only really found out about CUB from reading and engaging on the Leo platform and haven't really heard anything about it from other platforms. I posted about CUB once on Publish0x and got some traction on the front page.
CUB seems to be very closed to those that are already in this ecosystem so it might seem daunting to an "outsider". And of course, there are so many other platforms out there so competition is fierce. Not only that but in general when alts are going up 100%-1000% easily, people are shifting where easy money can be made.
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It's a difficult one to keep the faith with for sure, I know what you mean about shifting for better opportunities, that's the rational thing to do!
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I'd agree with this, except....
... that Hive got pumped well after it supposedly pumped Leo, and while Leo was pumping Cub.
You'd have to wonder why that is. I'd argue that it's because Hive is embedded in a larger ecosystem of games and apps, and there are many communities interacting with it.
I think the key is to:
(a) either tie your token in with a lot of communities and grow wide and sustained uptake, or
(b) keep a tight supply (like they're doing with POB and BRO, for instance).
LEO is certainly heading along track A, but for CUB it might take a whole before it connects with more communities.
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I think the higher Hive price might be to do with the stabiliser.
I'm yet to look into how tight the Cub supply is, should know this really!
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"I mean, this is a finance community, and we are all here to make money, right?"
Who is losing the money we're making? Or are we truly making it from nothing?
Well Hive/ LEO/ Cub and all the other BSC platforms are basically money printers, so no one's losing as such.
I guess anyone holding whatever is going down or sideways compared to everything else is losing.
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I am buying each dip, but is kinda hard buying and buying you sooner or later run out of powder. I am not selling I just try to match the cub i farmed with BUSD and raise my stake. It would be nice if some serious marketing efforts are put into cub.
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I pulled my BUSD-CUB LPs - too much impermanent loss, or possibly permanent loss!
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permanent loss occurs when you chicken out of the LP and realize the loss. If you stay in the loss is impermanent which is exactly what it is not permanent...
Yes fair point, I guess it's just a matter of how long you can hold your nerve!
I stick with stable pools for the most part now.
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nerves of steel here! Smooth brain, and diamond paws.
I think as you say the problem with promoting CUB in other places is sorely needed, as I myself have seen that it does not exist outside of CMC, I think we should look for ways to include it in Dappradar so that it gets some exposure and then not sell maybe for a month so that investors see lucrative what is being done here.
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Yep, you cannot even sell the crown of the Queen without marketing. If people who would be interested dont know about the opportunity, how would they buy then?
Dont get me wrong, we should shill it everywhere, but the @leofinance team has to allocate some effort to marketing waters. At the end of the day that is what matters.
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The DeFi space is getting saturated with all manner of crap tokens. It's hard to stand out and there's only a limited amount of money people are willing to throw at these things. It seems that most "investors" are chasing memes at the moment.
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To grow outside investment must be attracted, otherwise no one is interested).
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Let Elon Musk tweet about it. It sure will boom
Joking aside, CUB is too connected with HIVE/LeoFinance; it becomes an invisible firewall, nobody outside would see it. Exposure is the key like others commented.
If it can be included in Bunny or Harvest.finance, or listed in any wallets/exchanges, see how many people will join in.
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I think some visibility could help.
I have faith in the team behind Cub/LEO and I just wish they would reach out more and let us know what is going on. But I really believe that all the development that's happening will eventually kick things off so I'm not selling out just yet.
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Fabulous article raising many salient issues currently presenting themselves to CUB. I fully concur that we need to get the word out - beyond the HIVE community. New blood is sorely needed.
Hopefully your article will open some eyes within the powers that be in CUB World. Actionable affirmative change is desperately needed before the ship sinks.
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Honestly, I'm beginning to think Hive is stained from the fork from a big investor standpoint. I also think we don't really need big investors. Hive is a slow burn. It's the people's blockchain. As our numbers grow so will our standing on the world stage and by the time the masses organized and ready to get to it we'll be something to marvel at.
I've always thought Hive wouldn't succeed because of millionnaires investing, more millions of micro investments, I'm sure that was the original idea.
After reading the post
I dive in to the comments.
That was a flurry right there.
Anyway the competition is alive
in BSC, Reality never seems to change
the face of the greed.
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Leoteam probably has a marketing plan when Kingdoms are out. I miss the days they were writing every day and doing roundtable videos. I don't know what changed. Not good to keep people in the dark. But as long as Kingdoms come out in May I think there will be more marketing efforts.
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Possibly, I hope so!
Just a quick remark about the consistency of interfaces. I suggested several times across several weeks that the links dropdown should be consistent across all @leofinance sites and contain ALL links. I even received an answer that this is a good idea.
Nothing happened.
Common, it's five minutes of work! I can do it in a spare time for free. It's really is incredible. The old story again and again. The dev team is so immersed in their tiny garden that they can't see outside of it. No marketing, no long-term plan, no proper communication. Sounds familiar? Eh ...
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That's a bit depressing!
The discussion was needed...
There's obviously a lot of frustration.
But this feedback should provide some ideas, and maybe a reality check.
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Fair point, the price alone should be enough of a reality check!
Nice post. Every day we keep getting a new platform similar to CubFinance for DeFi farming. I feel the innovation should be in such a way that people come to CubFinance, in spite of having other 50 options outside. Let's think and make CubFinance a little more unique and keep adding more uniqueness to it.
Most importantly the marketing matters a lot. We need someone big talking about Hive, talking about Leo and CUB as well.
We have AMA sessions and interviews being done by a few people. Let's try to call some special guests who are either from the FIAT world or from the other part of the world that has no big exposure to Cryptocurrencies and have an interview. Let's get help from them to talk about Leo and CUB to their audience. That can be one good to way to bring more new people and investors.
I am doing this...
And how do we fix this?
Surely with all the people on this community we can figure it out!
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It feels like maybe we need to start a rebel roundtable, discussion group videos, teamed by a bunch of HIVE/LEO fanatics but not just to talk about this space, but to discuss the whole crypto space. We don't need whales, we just need this brilliant community to start broadcasting some of its brilliant (and experienced) crypto minds in to the wider world.
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I gave up on Cub maybe I'll hop back in if it hits a buck
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what else do you want from me? 😂
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Well I did only go back half a day, fair play though!
It's easy to understand sellers because that's what most are doing with so called free money. I guess that's how people see CUB that they earned. No matter the problem on Hive we keep on getting back to marketing and exposure and nobody seems to care for investing in that.
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Yes I agree - the week link is the lack of linking to other places, nice video!
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I thinking last time more about a Whale tank version on Hive / Twitch/youtube and other social media.
That invites whales from other chains too. That can bring a lot of attention to hive and other projects ( not 100% hive related because that would suck, also because we don't have here real smart contracts), but I know proposals don't work that way on hive :)
If professional made, it could be a long-term marketing gem on hive.
Smart contracts are IMO the most valuable thing hive can become. Would allow defi here without transaction fees ( Social + finance + gaming = huge).
Cant we just do it without the whales? I know it sucks to be a bunch of nobodies, but if a vaguely respectable discussion group was started, with some fun stuff, some competitions, and info on various cool projects in the crypto space, surely we could get some whales as guests, and then just build from there. If the core panel is always HIVE based then it will act as a marketing tool for HIVE even if the topics are more general and wide ranging. As a community we have everything we need to create quality and consistency even if we dont get much support from our own whales (which lets be honest, we probably would, we just need to pull some awesome crowd action together and lead for ourselves!)
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Yeh good! Give the nest a whack! haha
But its good to have somewhere to focus those newly aggravated wasps!
Perhaps we should have a telegram for anyone who wants to lead a bit of a rebel marketing charge? I think a round table of our own would be pretty cool.... list a few topics to cover, make sure its got a vague structure so we don't just ramble on, maybe have a chairperson to mediate arguments a bit.... Im sure we could manage something amusing and interesting, and maybe even get some decent guests?
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