I've made a note of this helpful post in case I decide to go for the Polygon kingdom on CubDefi. Right now that's looking unlikely though. I don't think I understand it enough to get involved in any more.
I'm still struggling to understand the implications of being in the DEC-BUSD Kingdom. I was going to top it up today but then saw that the APY had been halved. Then when I looked more closely at the figures I worked out I'd "lost" 90K DEC in less than a month. 😱
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Not a problem @gillianpearce. Please take your time. It's important to understand the risks of DeFi before you put some serious money into it.
What you experienced was impermanent loss. It happens when the price of pooled asset changes. IL can be covered overtime with the rising CUB price.
It's better to put your money in single asset staking like CUB or CAKE Kingdom. Or maybe an LP pair of Stablecoins like BUSD-USDT. Since prices of Stablecoins do not change much, they are resistant to impermanent loss.
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However, when I entered the DEC-BUSD pool one of the reasons I did so was because most people were of the opinion that DEC acted like a stablecoin so, to all intents and purposes, I was entering a stable coin pool. 😂
It didn't turn out that way!
But, it's actually helping me learn so that's good. I just have to decide if I want to pay for that learning with my DEC. I don't think it's coming back to the peg anytime soon.
!ENGAGE 30
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