Your CUB Rewards May Be Down to 0% APY, Unless You Do This!!!

in LeoFinance2 months ago


Oh damn... Crypto moves fast!!!!

I know I haven't ben around all that much, just writing bits of things here and there... and using Threads a bit more than this long form blogging we're used to on Hive. But damn! I missed two weeks (maybe three) of the @leofinance AMA and I finally get around to listening to this tuesday's, on my way home from work in the car.

So much has changed!!! When we don't pay attention, things can become daunting again.... things change, and without enough practice in this space, it's almost like starting over from the beginning again.

The Sooniverse is NOW

Do you have and CUB parked (staked) in the Cub Kingdom, from when before Polycub was launched, or from whenever really? Well if you do, there's been some changes, and you may want to go look at your account.


You must migrate your CUB to the new Cub Kingdom if you still want to collect rewards, and great APY's, because at the moment you're collecting ZERO!!!!


image 1.png

Quick Guide For Migration

I will try to provide all the links I used to help you quickly get through it. It took me a bit of figuring out, but it was only because I hadn't done these things a while!

  • Go to Cubdefi, log in through your wallet (connect the wallet) so the page can read your funds and all that. Once there click on kingdoms to open up that page.

image 1.2.png

  • Once you're in Kingdoms, expand the CUB kingdom box you are staked in by clicking anywhere within that box. This is where you will have to withdraw what you have staked, in order to migrate to the new kingdom.

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  • Your Deposited amount will move to your Balance. You can then expand the new CUB Kingdom box. It's the one that will have a larger TVL. Once you're there you will have to click on Approve Contract.

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  • This is where I got stuck a little, I could not load the next page when I clicked on Locked, the screen would go blank, but I found a work around. Though perhaps that's actually how I was supposed to do it, I don't know, but it worked for me. After you approve the contract these two buttons will appear. You may be able to click on Lock and deposit your funds right into the locked vault at you choice of weeks locked. Read the CUB Docs, on this new kingdom to understand why this may be advantageous for you.

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The Work Around

  • Click on the Flexible button.

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  • This next prompt will ask you to stake the amount you want to stake in this new kingdom.

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  • I decided to max it out, put everything in... Next click on Confirm.

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  • You will have to confirm the transaction in the wallet you're using, the wallet connected to CubDefi. Once that's all confirmed, back on the kingdom page, in the same cub kingdom box we were just staking in, you will see the option of locking your stakes to earn more APY by converting to Lock. Go ahead and click that button.

image 8.png

*The next prompt is for choosing how many weeks you would like to lock your funds for (the more weeks you have them locked the more APY you will earn). Choose what you wish and click Confirm. You will then have to confirm it again through your connected wallet as all transactions require.

image 9.png

Ok well that's it. If you have better luck within your browser to not have to use this work around that's great! I had to figure it out, but here it is! And now I feel better because my CUB isn't just sitting there collecting dust!!!!

A big thanks again to the @leofinance team for doing all this insane work ALL THE TIME!!!

Let me know if this guide helped you out, I can make more as time goes on and I need to figure it out as well. We can learn together.

AS ALWAYS... THANK YOU FOR LOOKING, AND DON'T FORGET YOU CAN SUPPORT ME WITHOUT MAKING A DENT IN YOUR WALLET

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Ditto on the work around. I was also getting frustrated at being taken to the blank screen, until I thought: what if I just go for the flexible option? It worked! From there I changed to the locked one. 52 weeks, then we'll see where we are.

The more frustrating part is claiming my accumulated CUB rewards. I have about 10 USD worth of CUB waiting to be harvested. And that I was unable to do, for the exorbitant gas fee of 0.57 BNB. That's more than all of my CUB combined!

Anyway, I' not completely done with CUB, but I'm no maximalist either. In fact, what I've got didn't cost me much, as it's mostly from the original airdrop when it came out. I believe I bought some CUBs only once, when it was trading for 20 cents, thinking I was buying the dip. Hahaha, what a dip that's 10x today's price!

Yeah, I bought a few here and there when I first started looking into defi. A lot of what I have is from farming it by low... but yeah these bnb gas fees were no joke!

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I had the same issue when I tried to do the fixed term lock on CUB first. Either way, I got on and moved my CUB right away when I found out that the old CUB kingdom stopped paying out rewards. Hopefully more people move their funds.

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Yeah those that pay attention will move their funds.

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thanks for the info! i would have let my cubs without earning nothing

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You're welcome, it's important to stay up to date once in a while at least.

I typically listen to the LeoFinance AMA a day or two after the live session... because things move fast in this space, and you never know when you'll catch a great opportunity.

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