If I could spend all the crypto that I've put into rug-pulls, I'd swim in the ocean of CUBs or the magical internet money as they call it. Once I heard about the CUB Finance project, I couldn't be more excited. I waited all day yesterday for the announcement and when it came, it didn't take long to start farming!
I won't go into all the details on how to start farming because I saw at least three articles about it when I woke up. The community did it much faster than I ever could. I was too excited to farm and then I went to sleep. Note that went I went to sleep, one CUB was worth about $3.5 and now it's more than $6.5!
The APY is insane! But not for long.
As of writing this article, there are fewer than 200 CUB holders. You can see it in the screenshot below which I took from BSCScan. One of the reasons is because the airdrop distribution is still in progress. Once it's out, there will be a lot more CUB holders. After that, APY will decrease because many people will choose to farm some CUB too.
What will happen to the price?
I'm certain that after the airdrop is distributed, some users will sell their CUBs and it will make the price drop. How low? I don't know. But people will take profits. Some are waiting for the price to drop to buy more CUB because they believe in the project. Some have already farmed a ton of CUB either in one of the farms or dens.
Myself? I went into a couple of pools and two dens because I feel safe doing that. I know that CUB won't rug and that's a feeling I haven't experienced for a long time. Especially on the BSC network. Thanks to @leofinance team and @khaleelkazi who are always there for the community. Knowing the success of Leo, I have no doubts that CUB's will be a success.
Even if the price drops after the distribution of the airdrop, it won't take long to recover after the crypto community sees a real project with long-term goals instead of just another shitcoin as Leo said themselves. Look at our conversation on Twitter.
My Farms
Here you can see that I'm farming in two pools (CUB-BUSD and bLEO-BNB). I think bLEO-BNB is much safer because that pair is less volatile than CUB-BUSD where we don't know what the price of CUB will be after some time. Although it's risky, I'll keep my CUB-BUSD pool active because I'm earning a nice amount of CUB.
I have already swapped some of my earnings to bLEO and increased my stake in the bLEO-BNB pool to earn more CUB. Feels great!
My Dens
As I was super excited, I decided to try some of the dens too. First, I transferred a few DOT from my Binance account and staked them in the DOT den. Although I paid a 2% fee, I have already made it back. And the good thing is - earnings from these fees will be used to buy back CUB and bLEO and burn them!
My second den is a stable-coin den with DAI token. Fee here was 4% but as it goes for burning, it doesn't worry me. Earning CUB is so much fun, especially when you know it's not a rug project.
Conclusion
As I'm writing this conclusion, the price has already gone up and is over $10! It's a pretty nice sight to behold! And yes, it took me a long time to get this one done because there is so much going on in the market!
The end-word is that I believe CUB is on its way to show what a true community can do when they work together and believe in each other! We are going past the moon and nothing can't stop it!
ps. still waiting for the airdrop. If the price goes down, I'll probably buy more but this is not financial advice.
Read some of my other stuff:
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Posted Using LeoFinance Beta
Thanks!
Posted Using LeoFinance Beta
For me I will stake some of my airdrop
and if the APR drops to 120% that means 10% per month
this is so good
Posted Using LeoFinance Beta
That's perfect!
Posted Using LeoFinance Beta
Wow! What an incredible increase, Yea! I agree with you the result achieved is truely because of team work.😉👍
Posted Using LeoFinance Beta
It's nice to see an increase of several times in just a day. I think this is not the limit.
Posted Using LeoFinance Beta
Yes, CUB seems to have a very impressive start and we already got 6millions in TVL.
What do you think is the best strategy going forward? Re-investing all CUB earnings in different pools or take some profit after CUB had a good run?
I still don't quite understand where these astronomical APY are generated from? It almost feels like pyramid scheme but I hope it isn't.
Good luck to everyone!!!
Posted Using LeoFinance Beta
As long as the inflation isn't too high and Cubs come up with new ways to increase the value of CUB, we're good. My strategy is to provide liquidity in pools and farm more CUB.
Posted Using LeoFinance Beta
This is it
Let me also read the docs and get my hands dirty, a quick one what is the difference between a farm and den??
Posted Using LeoFinance Beta
On-farm - you have to provide two assets split 50/50, for example, CUB-BUSD.
In-den - you can provide and stake only one asset.
Posted Using LeoFinance Beta
This is treasure!
Posted Using LeoFinance Beta
Exactly!
Posted Using LeoFinance Beta
i dived in as well. how much are the gas fees in terms of dollars when you add to the pool or harvest? i think some cents but it was on gas fees so i got no clue, it was something like 0,0006 or so
Posted Using LeoFinance Beta
It's something from 5 to 20 cents, I think. Sometimes I use Coingecko to convert and see the exact price.
Posted Using LeoFinance Beta
I wished i discovered LeoFinance a couple of months ago, the platform is great and now that they launched this platform on BSC i think its going to gain a lot of new users and traction!
Posted Using LeoFinance Beta
Not too late, though. I think we'll sky-rocket pretty soon!
Posted Using LeoFinance Beta
This event is very promising, but for me, it will take a while to get used to all these changes.
Posted Using LeoFinance Beta
Have you started farming?
Posted Using LeoFinance Beta
Wow, going to give this a try now.. thanks for the walkthough.
Posted Using LeoFinance Beta
Well, some hours ago I saw it at $11 but too bad I only watched it without doing anything about it since I still don't understand a thing about it.
And I guess it probably for the huge bags hodlers ;)
And yes when community members and team's works together, they can do more.
Posted Using LeoFinance Beta
It's now at $4.6 and it's a pretty good opportunity to provide liquidity.
Posted Using LeoFinance Beta