Technically, I have a sleeping BunnyBear, as she is half Bunny on her mother's side and half Bear on mine. It is pretty fitting that I am the bear in the equation as it is both my temperament and perhaps where I am the most comfortable in the market - However for Smallsteps, she has quite a broad nature and she is going to be very hard to handle as an adult, but I am quite certain she will be able to handle herself.
I don't put much stock in astrology - but she is a LEO.
None of this is really relevant, except for perhaps me not being comfortable in the bull market. Bear markets are easy, stack and hold, but in the bull, there is far more activity possible and this has grown a massive amount with the introduction of DeFi. I have quite a lot of tokens around the place, but I am still unsure what to do with most of them as I am still in the oldschool mindset of stack and hold - stake and hold where possible of course.
Because of this, it took me "a long time2 to get into DeFi, but once I did, I have gone in pretty hard, with some decent success as well as some loss along the way. Overall, I suspect I am relatively up on earnings, though it is hard to factor in the impermanent loss, as I have used a fair bit of BNB in pairings. Hopefully I timed my entries relatively well though and was able to get some decent ratios.
the other day I decided to use some of the LEO I have earned and bought to go into the bLEO pool with some BNB. It was weird powering down, but I think it is worth getting in and locking a bit more TVL on Cub Finance. I also just paired some of my yielded CUB with more BNB in the hope that the coming LeoBridge and Kingdoms will get some industry attention and traction to drive price up, as it looks like BNB is going to increase also. I don't know what is going to happen, but CUB has seemed relatively steady at above 2.5 a token and perhaps with a little bit of a push, that could increase very fast.
Attention is what these projects need to increase TVL and at the moment, Cub Finance doesn't have enough attention on it, but one thing it does have is a very dedicated community around it. For example, as other projects drained into Ape Finance, CUB holders held pretty much fast and I believe this is because they have faith in the team to deliver. Delays are expected in development, but I hope that when the rollouts of the "Coming Soons" happen, there will be a massive drive to get the information out and into the right hands.
In this regard, the cross-chain swaps are particularly interesting and I am hoping that a lot of the people who are unable to utilize BSC due to locality issues, will be able to move across with ease and continue getting in on DeFi with lower fees and hopefully, far more activity. This puts more pressure on BNB of course too, so Binance should be getting behind it, if they know about it.
All of this is a risk in numerous ways, but everything is a risk in numerous ways. In the past I used to worry about which token to buy and which will go up, but now I can somewhat offset a little of that worry with yield, meaning token movement isn't as important, and project development is increasingly important. This is part of that change in the market place where the projects that don't offer more than speculation, will eventually fall by the way side to those who offer utility.
But, it all comes down to getting that market attention and as we can see from the TVL on Cub that is sitting between 18 and 20 million, it requires getting off-HIVE attention also. For example, some random project called Panther Swap has attracted 150 million in TVL in 5 days. That is crazy. So, what is going on? Is there a BSC inner-circle club that CUB isn't part of? CUB has a team that is developing new products, it has a very strong and experienced community, but it is still unable to gain traction against the randoms. CUB could be a sleeping giant, but it needs to wake up and make some noise, otherwise it will keep getting overlooked.
Will the awakening be coming soon?
Perhaps we need a louder alarm clock.
[ Gen1: Hive ]
Posted Using LeoFinance Beta