I also have money in the DEC/BUSD farm. The good news is that I don't think it will actually lose value - even if CUB isn't worth much, at least we will still get the 0.17% transaction fees. I'm planning to leave it in at least until DEC gets back to its peg, and then we'll see.
Posted Using LeoFinance Beta
So do you have any idea what the other person meant when they said if the APR went below 100% we'd be losing money and would be better off just hodling it?
!ENGAGE 20
Posted Using LeoFinance Beta
Can you point me to that comment? APR below 100% should just mean that you don't double your money in a year. APR in traditional finance is usually single digits, so like w/ a 5% APR you end up w/ $105 on your $100 investment after a year. Not amazing, but you're not losing money.
As far as I know, the only way we can lose money in the DEC/BUSD pool is if DEC loses value, BUSD loses value, CUB Finance is hacked/rug pulled, Pancake Swap is hacked/rug pulled, or Binance is hacked/rug pulled. So actually a lot of ways, but decrease in CUB value alone should just decrease the return, not decrease your investment.
Thanks for responding.
I'll try and find it and get back to you . . .
isn't that what has happened?
!ENGAGE 30
Posted Using LeoFinance Beta
ENGAGE
tokens.