.png)
So recently I've jumped into the world of defi with CubFinance as my first. I've put my cubs to sleep in the den because I haven't learnt everything about impermanent loss and don't feel comfortable going into LP without educating myself.
So for now the cubs are accumulating nicely at the current APR at about 120%. I just found that you can click on the small calculator next to the APR which will show a pop up like the below:
So theoretically with my initial investment of 235 cubs, compounded daily, would return 580 cubs at the end of the year. Which brings me to my question...how often should we compound? Compounding seems to cost about 80 cents (in Australian dollars) which seems a bit high for me to compound daily given I get less than a cub a day.
Is there a rule of thumb you guys use to know how often you should compound? Genuinely curious so I can improve my returns. Let me know! For now, I will leave them for a few days until I compound, but it's quite hard to resist!
Affiliate Links - if you haven't signed up already:
Publish0x - Earn free crypto from reading and writing content
Hive / LeoFinance - Earn crypto from blockchain blogging platform
Read.Cash - Earn Bitcoin Cash from blogging
Binance.com - Get 10% trading fee commission
Coinbase - US$10 if you trade more than $100 within 180 days
Blockfi - Get US$10 BTC for depositing $100 or more into your account
Posted Using LeoFinance Beta
@invest0x23 You can make the compound every 3 days by paying $ 8 monthly fee, from this data you can play with the temporality of the compound, remembering that the fee payments are in BNB do not forget to run out of it in your wallet