About a year ago, the Leo Finance team introduced a lot of us to the exciting for of DeFi...
It was called Cub Finance!
Sure, there were a bunch of crypto investors that knew about this stuff and were quite comfortable with terms like 'yield farming' and 'impermanent loss'...But for quite a few of us, this was new territory!
When you come from the Hive blockchain and start messing with Ethereum based chains, it's quite the wake up call. This whole 'gas fee' thing is new to us and Metamask is about as user friendly as smashing your thumb with a hammer. So when I tried my hand at learning this stuff...It was an uphill battle!
Yet, we pushed through...
The tutorials and step by step guides that Leo provided started to make sense and before I knew it, I was 'farming'!
While I was beginning my journey, I started to see news articles and Twitter updates about something called 'rug pulls'. So not only did DeFi investors have to worry about impermanent loss, now we had the risk of entire projects disappearing and leaving investors with nothing to show for it...
The one thing that let me sleep well at night was...It was LeoFinance behind CUB!
While it didn't have the highest APR, some people scratched their head on what the actual use case was, they had a vision and more importantly, they had built massive trust with the community.
Let's fast forward...
I'm a simple dude. I think I've fallen in love with this blockchain, it's easy for me to understand. I show up, add value, and my stacks grow. I don't need to flip tokens, invest in this or that..I just show up and magic things happen.
So over the past year I've had my CUB 'auto compounding' in a CUB Kingdom! Set it forget it easy...And btw the way, it's paying me over 60% APY!
I like simple!
This past weekend they introduced PolyCub which is being heralded as the next big thing in DeFi 2.0.
What happened because I was staking that CUB over the past year was that I'm getting some POLYCUB tokens now, auto-magically over the next few months in a daily air drop! I can even take those POLYCUBs and dump them into this thing called 'xPOLYCUB' and earn even more over time.
If you are expecting me to break down how it all works, I HIGHLY suggest you check out some of the more intelligent bloggers on LEO and Hive, cause for me...It's the simplicity of the project that is attracting me to it! Because I jumped into learning the absolute basics about DeFi, I was able to capitalize off this air drop and continue to build my CUB stake!
And here's what CubFinance has taught me about...Risk!
When you don't learn the basics...When you throw your hands up and say this stuff is too complicated to learn...When you rage quit and never even dip your toe into the pool...
Well, that's the biggest risk!
You risk the 'what ifs' in this crazy crypto stuff. I can't tell you how much I've benefitted over the years because I didn't stay on the side lines, I rolled up my sleeves and learned this stuff. And sure, I'll never be the DeFi expert. And I still to this day stay as far away from Metamask as I can...But I know the basics!
And to really win in this crypto stuff, that's where it begins! The basics. Learn this stuff. Stop watching Netflix for a few days and read up on these projects, do your homework, especially here within the community and you never know what will be coming next...
Again, the biggest risk isn't a rug pull. It isn't impermanent loss....
It's missing out on some amazing opportunties because you sat on the sidelines and never did your own research into what is being built in front of you!
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Posted Using LeoFinance Beta
Indeed! As active as I am I still don't always take enough time to understand the mechanics of each any every piece and that leads to opportunity cost. xPolyCub was an example of that for me this go around.
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so much to learn. it’s exciting but sometimes i think i’m missing out by not understanding it all.
Despite a popular misconception, there are NO free money in crypto. ALL of them are based on your previous activity and actions you took (including previous investments). It's the same principle in defi. You don't participate, you don't get a share of the pie. It involves some learning curve, but that's how you access these high rewards.
Preach it!
So so true!
Very well written!
I don't think there's a regular person on Hive who can't relate to this :)
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Appreciated :)
Yeah there is a learning curve for us regular Joe's on chan when it comes to this DeFi stuff lol
Even after being in CUB and reading about it for a year, I honestly still don't understand it entirely. Kind of sorta...maybe? Sometimes I feel like I do, but ask me to explain it and I wouldn't be able to.
And Polycub... with all these new additions, I am completely lost. But I am in, trusting on the LeoFinance crowd not to mislead me, and continuing to try to understand little by little.
Gotta jump in on projects we trust.
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For sure. I mean, if there wasn't a face to a name, I wouldn't have dove in. I still dont understand it all. But slowly I'm picking it up!
Risk is part of life and we have to understand it that way. You cannot win without taking risks because the alternative offered by the governments is to end up in the safety of the cemetery, which is what traditional investment has become.
lol very good point!!
Leofinance team continues to impress me. First they connected with Binance and now Polygon and who knows what would come next from now on. I am definitely going to be holding some PolyCUB. It;d go a long way I suppose.
So true. Can't wait to see what else they have planned coming up!
So relatable Jon! The best part is, you don't need to understand the underlying technology, just need to understand its worth and some money to invest in. Once you do the initial setup, it's a few clicks daily or weekly after that. Set and forget! It's never been easier to invest and earn this much. The biggest risk is not doing anything at all. The biggest risk is procrastination.
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And I have fallen victim to that so many times. So glad I kicked my own butt a year ago and thanks to the CUB platform, I'm earning more passively each day.
Do works, get perks :D
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I started invest in cubdefi. That's how I know about the farming and yield. I use to watch YouTube but never really understood. So then through looking at posts on hive I followed the instructions. I opened metamask and that's how. Now I bought polycub and staked in x polycub !
Oh there is nothing better than rolling up your sleeves and learning this stuff. Nothing beats the teacher named 'experience'.
If you invest what you can afford to lose, I don't think it's such a bad thing. After all, it's all a learning experience and I definitely plan to yield farm on the next CUB launch. I didn't feel comfortable with CUB when it first launched and it took me time. After PolyCUB came out, I got in using the airdrop and I am slowly learning the system from what others have done/experience.
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That's the thing for me...All a learning experience. I dont have a big stack of CUB, because I just spent a few bucks that I could. But it's grown, and I got to learn the ropes while it's been growing. Win win!
Again, the biggest risk isn't a rug pull. It isn't impermanent loss....It's missing out on some amazing opportunties because you sat on the sidelines and never did your own research into what is being built in front of you! — just like opportunities risks are also meant to be taken . Sometimes not taking risks I mean calculated risks ultimately will bring forth the idea and concept of fear of missing out ..
agreed. and people trying or thinking they will get rich overnight. recipe for disaster.
Quite tragic !
I used to feel the same way about Ethereum based chains, and unfortunately, I didn't take the steps to learn more about it.
Here I learned about finding out who the person behind a project is, and the Leofinance team really gives me more confidence by showing up and always providing updated information about their project, so that we can sleep well.
Noted.
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yeah. i pretty much hate ethereum. but it’s a necessary evil for defi it seems lolol
This is so true. I've seen it happen to people over and over again outside the blockchain. And its no difference here too, missing out on opportunities because of sitting sideways and not learning at first. Scared of losing a chunk from their investment.
the investment for me isn’t always money or crypto. it’s time. to learn it. i think that’s the best investment you can make.
Exactly. Learning is knowledge. What you know cannot be taken away from you. But many at times people are only interested in the juicy (reward) part which is not good for them.
No better way to say this than this.
The technology is new territory and the only way to get familiar with things is to be intentional about studying.
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Yup! Every day, we must be learning new things!
It taught me that patience is the best virtue in the case of defi investments.
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lol that's the truth! Thanks for stopping by!
I think somehow that's the blessing of having a small capital. You don't worry much about losing. The loss is too small compared to the potential upside of this amazing new protocol.
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Best part about this blockchain...You raise the capital by adding value to it :)
Spoken like a true marketer, @jongolson!
I think you did not do your risk management process credit though!
What do we tell budding marketers? Make your audience like and trust you. Build a relationship. That is what @leofinance has done.
They have spent the time to make sure you like and trust them. That is why your biggest perceived risk now is FOMO. Not being involved. And not a rug pull or something like that.
Having said all this, I believe it is a great project and well worth anyone's consideration!
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Not sure what this is but hey, whatever works for ya ;)
I was trying to give credit to your risk management process. :) The process being the relationship you built with Leofinance.
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Defi It can be profitable,if we understand the basics of the game .
Posted Using LeoFinance Beta
True true, and can be a huge teacher...We just need to get out of comfort zone and learn it.
Leofinance really help me a lot how to deal with risk
That's good to hear!
Am getting motivation here reading through the post. Learning the basic will go a long way and also ones personal research will bring a kit knowing more of how things go and not missing opportunities
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That's the key to it all...Learn every day and continue to grow :)
Yes I will now take that into practice
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It is pretty nice your decisions are awesome and definitely a nice move to invest wisely, life itself is a risk and if we do not take risk to succeed definitely that a huge risk to miss opportunites. Keep up the good work.
thanks. appreciate the comments.
A lot of people losed money with polycub but im glad you dint :)
how did people lose money with polycub. it’s 4 days old?
This morning it as a 1.4, right now is at 1.09. I can feel the loss, btw do remember leo finance previous project, Cub finance was a disaster :S
hardly a disaster. without cub, we don’t get any poly air drop. and cub is the feeder for all the coming air drops.
Well i just hope you are right _:)
Do remember that Polycub started at $4 and now is at $1 that is some heavy losses in theory.
lol it’s 4 days old. give it a few years before writing it off. the problem with crypto is people are trying to get rich overnight.
if you say so.
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For me,I believe that a risky Man survive. Without risk you can't be living.
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Very well said. Hive and Leo have given this community a way to participate in the DeFi world without having to go anywhere. It really is as simple as browsing the trending page and reading some articles written by people you already know, then taking a few simple steps to get started. This community can almost hold your hand the entire way.
The reason I got involved with CUB a year ago was the trust factor I had in Khal and the LeoFinance team. As you say, with all the scams and rugpulls out there, knowing the team and having confidence they were looking out for their community allowed me to "gamble" on defi and stick a toe in.
Since then, like you, I've just been collecting my CUB and now PolyCUB. While none of it has made me rich, I certainly have more than I started with, plus a lot of future potential, PLUS a ton of knowledge I never would have gotten anywhere else.
If you haven't taken the plunge into defi yet, there's no better place than with CUB. Lots of people around to answer questions and, while they may or may not work, you at least don't have to worry about getting scammed.
In the long run, as with most things, I think the early adopters are going to make out very well. It's still very early in the construction of the LeoFinance web. No better time than now to get involved.
Posted Using LeoFinance Beta
Pemain cripto jatuh bangun itu sudah pasti