I'm suddenly realizing that if I had just 100% entered the den at $1.90 I'd of already more than doubled my money by now. CUB is moving up fast as money from the outside pours into the main LP pools.
This morning APR between the main BUSD and BNB LP pools was about even at 500%, so I decided to once again try my luck at pushing more of my stack into BNB. Instantly one or more whales did exactly the same thing after me and pushed the difference in APR higher than 100%, so that's pretty damn annoying. The network is still massively signaling it wants more inflation in the BNB pool. x42 for each pool looking like it would work pretty well at this point. Might have to wait for governance votes to start making moves like that.
CUB DEN
With the price of CUB going up like this the ones in the den have made the most money. Being in the den longs the price of CUB without having to sell any in the LP farms. If the price of CUB goes up, the only way to avoid impermanent loss is to enter the BNB pool and hope the price increases of BNB match CUB's. Tough sell on that front; that would be a very lucky outcome.
Q2
Quarter two starts tomorrow (finally). These are exciting times. The chance that every token starts mooning in April, and especially May is very high. At this point May is almost guaranteed to go up steadily with very little (if any) pullbacks. Of course there's always the very high possibility of a local blow-off top in June as we often get with sideways trading for the rest of the summer. Should be an epic time for the alt-market.
Beware BSC
This is a good time to remind everyone that BSC is fully centralized to Binance. If Binance gets hacked that could easily break the pegs on BSC and users would lose their money. That's actually a nice thing about not having a Binance listing at the moment, because even if this happened I think bLEO would technically be safe and we could bridge the money back into the LEO ecosystem.
Speaking of bLEO, the ROI on the bLEO/BNB pool is x10 what we get on LEO/wLEO. I've started another powerdown to pump some more money into that pool, but honestly I'd prefer if others did that instead to balance out the yields and make it more financially viable to stay on the main chain. Again, the security of LEO and bLEO is theoretically much different. Something to think about.
At the end of the day having funds on BSC it's pretty much exactly the same as having them on Binance. BSC isn't anymore decentralized than Binance itself, because all tokens are pegged via Binance and all bridges have to go through the Binance API. Having money on BSC is exactly the same as having them on a centralized exchange. I don't think a lot of people realize this. Luckily cold-storage security is probably just fine as we move forward.
I <3 Binance Mafia
Binance is the best exchange in the world and they likely have the best security in the world as well. Of course we'll never know for sure because they'd never say exactly how they accomplish their security, but I assume it employs many safeguards and decentralized attributes. They seem to be the best corporation as making the transition to a decentralized ecosystem, by a huge margin.
That being said decentralization is key and shoving all your assets into the BSC ecosystem is an extreme risk compared to keeping those assets on their respective chains with their respective associated security systems intact. That's the thing about greed and these high yields. People just see dollar signs and don't think about the risks involved.
Conclusion
CUB still killing it. Price almost at $4. Market cap broke $5M. Still waiting on audits, the bridge, and Kingdoms. Not to mention the mythical lending dapp we were teased with a few weeks back. By all accounts CUB should flip LEO very soon as we lure more BSC money into the ecosystem with the roots we are laying down today. Exciting times.
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I'm powering down my LEO as well to put in the bLEO/BNB pool. I like being able to support content creators and all that, but I don't want to have to miss out on 10x higher APR to do that.
yep I'm basically doing it because of what you said :D
I guess I have to watch what I say...who knew people were listening!?!
I'm sure I'm much more guilty of that than anyone.
10x? Shhhh, there will be no LEO left to support creators!
When I left the den they really ripped me off. The value it said I was worth was about 40% off to the lower end! I was shocked. Same as how block trades could not give me good top of market, cub defi was same. I was shocked! I guess all the converting back to bnb or something ate up half the money. I went in there, earned thousands of percent inflation, so I cashed out but ended up with half the money I sent in, seriously something up there!! Oh we'll over it!!!!!
Can you explain that better?
Sounds like you're saying there was high slippage?
Shouldn't be considering high liquidity.
So my account said it was worth near 7k, I was tracking it the whole time. When I decided to cash out I had to to tons of swaps, was swapping everything to BNB. By the time I finished the stack of bnb was only worth < 3k, actually more like 2k! OMG. That's all, huge slippage or something, and lots of fees and bad exchange rates ate away at the principle. I'm not entirely sure what happened, the difference was huge!!but not impressed.
Here is what I mean, I exited!
For all this they gave me 8.51 bnb!!
I got scammed for teal i would never lie!
I'm out I don't want anything to do with any of it!!
I think you never swapped your USD stable coins for BNB, so that's where almost 4k USD of your "missing" funds are probably.
I did swap everything, actually, however it was worth around 5k when I started swapping and went to 2k. I did buy some Leo with some of that usdt. I did sorta forget about that part, howeverall in all I got ripped like 2.5k - 3k when I left from a the swapping out. U are somewhat correct, but I did lose money for some reason.
Basically what happened is the 10k in HBD I sent to cub, got ripped on the block trades, in the end and all I got was the 5000 Leo and the 8.5 BNB when all was said and done. I guess CUB FINANCE was a wash, maybe it's ok. I dunno, I had to test it out that's all.
Oh ok. I looked at your screenshot with the swaps and thought those were all of them.
I just checked your last post and what blocktrades wrote seems reasonable. Very unfortunate situation.
Cub Finance should be fine. It uses Pancakeswap for the trades and if your trade causes high price moves (because of low liquidity) it should show that on the swap page.
Yeah it's all good. I made back any of the difference (and more) just holding and swapping it back into hive! Thanks!!
The fight is on:
On the left we see the largest (?) crypto company transitioning into decentralization and pulling a lot of the market with them - and on the right we see them pulling even harder - at the largest rug the world has ever seen.
Fight!
This Q1 lasted for like a year, I was waiting for Q2 so hard!
Exciting times ahead @Edicted, enjoy the ride.
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Thanks for the post! A Nice summary over cub. I just go for DEC/BUSD and DEN But Should make more money If I read up a little bit.
!BEER
Same for me except I think I'm just going to stick with DEC/BUSD and DEN. 😊
!ENGAGE 10
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ENGAGEtoday.Like many in the community we have been looking forward to the start of Q2 Altcoins season.
I joined CubFinance when the price was about 7 dollars in the first days of the project so I am still in red numbres.
However I feel very calm about this investment as you said the price has "reached" the $4.00 and there are still many projects to be launched (bridge and kingdoms).
Undoubtedly binance has managed to centralize the decentralization with the BSC, this opens a huge range of possibilities that looks very promising for the future of the projects developed in this blockchain.
Thanks for such a nice reading, see you next time.
Pp.
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Cub DeFi is a safe place to invest in and Cub Dens are the safest for farming. I am excited for Q2 since the market is fairly green at the moment. Next 2 3 months would be crazy for the Crypto & DeFi space.
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The CUB Den is the best from an accounting perspective as well because it's a lot simpler to do than if you kept your money in a farm.
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View or trade
BEER.Hey @edicted, here is a little bit of
BEERfrom @minimining for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.Don’t push the price too high.:) I want to buy more on the cheap. Wen bridge??
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Poor little Hive. Only up by 600% for Q1.
So since CUB is relying on this, could it face a setback, if something goes wrong with BSC ?
I was super right about this from the onset! Boom!!!!!!
Cub fue confuso para mí y no encontré nadie que me lo aclarara. Y creo que funciona mal con la Trust Wallet.