So it's better to enter the pool when CUB is up and exit when CUB is the lowest. Easier said than done, right? Tell me about it.
Exactly this ... Easier said than done of course, and it depends also on the goal you have here. Is it to make as much CUB as you possibly can? Or is if for the quick gains in dollars? So many people, so many reasons, so many strategies. And which one is the best.
But if you go for the CUBS in the long term, you are definitely right with this strategy.
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You're right, going for CUB is my long term goal and also Leo. The question is how to spin things to avoid permanent losses and maximize profit 🙂
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A way to do so is to exit at the same price as you have entered. This works best with a Staible Coin Combination (CUB/BUSD for example). The best thing about LPs are their high APRs. The rewards are so high that you would like to stay as long as possible in the farms to earn the most. When you pair two Altcoins you have to watch the LP-Token Value as a whole - this works best with DApps like yieldwatch for example.
💎🐾
P.S.: If you want a Farm with the safty of a Den take the USDT/BUDT Farm.
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I don't want to exit at the same price, I want to exit at a lower price.
I guess I'm never going to participate in a farm like USDT/BUDT. Doesn't interest me, see no challenge in that honestly.
I have a plan but I need some time for that to be executed. The market is not ready yet for that.
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Okay, don‘t thought you are doing DeFi to „challenge“ yourself - I do it to increase my portfolio... ;)
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I'm not doing DeFi to „challenge“ myself, I'm here to increase my portfolio. The challenge is to get a higher profit.
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