With the advent of this much-awaited DeFi project, it seems to have been all the craze since its launch that will likely see no end, at least for the foreseeable future, with everyone on LeoFinance hyping it up, often beyond reasonable proportions. Well, I'm here to break the echo chamber of circle jerking, and bring into light the truth against power, because I'm not afraid of throwing a pebble at someone from a high tower.
To cut the mountainous story short for those upper-class wealthy living off of LEO rewards: The diagnosis is bad, the prognosis going forward is even worse. But there is still light at the end of the tunnel.
Though the trading volume of CUB is definitively rippling positively, the constant farming, high yield returns and subsequent unregulated minting has taken a dramatic toll on the price, starting off its launch on a rocky note.
How can this be?
This is simply the undeniable truth of any DeFi project out there offering such lofty and astronomical APY rates, and this one is no different. Furthermore, to add insult to injury, the proposal of CUB posits something reminiscent of a closed-system. In making this project devout to solely serving LeoFinance.io and its numerous applications, how can anyone hope that the current userbase can moon it to parabolic heights? Surely, a much robust goal of attaining a far-reaching audience is necessary to bring this project to it's full potential and fruition.
In order to prevent the plunging of the price further, we have to adjust the issuance of CUB by cross-referencing where we stand on the supply, and the demand of CUB together, and attempt to equilibrate both ends of the seesaw. Only then can a basis for bullish sentiments can be established.
In Closing
This is not to say that I am an enemy. It is to say, though, that maturation of this project is still in order before reaping what you sow. Perhaps the only take-home message i want you to get is that balancing the supply and demand curve of CUB will only yield good going forward.
I know that I am but a speck of dust when compared to the big dogs with their assertive voices, such as @trumpman, but I do hope that my voice will be heard, and above that, will be taken into serious thought and consideration!
Thank you for listening!
Posted Using LeoFinance Beta
I doubt people will be mad that you're questioning the project lol, it's understandable that any new initiative will be met with some skepticism.
I'm new in the Leo Finance world and see a lot of potential in CUB, but much depends on how the development proceeds.
For me, it's worth the risk to go along for the ride and see what happens, mainly based on the mindset and track record of the team behind $LEO.
I'm not going to answer anything about the detailed economics right now since I'm going to bed soon and am far from an expert on that, anyway :-P
Have you looked into the upcoming Leo Bridge that will play a big role in how CUB operates moving forward?
Well, what can I say? People here can be unforgiving and truculent based on my experience under another alias. I was just baring my spine before I got to the substance of much debate.
Regarding Leo Bridge, I haven't taken an extensive look at it yet, but the route of transferring ERC20 to BEP20 assets looks daunting, at least to newbies, and I anticipate it to be jackful of fees before you can get to the other end. It will surely open many other facets of demand, but the biggest issue that remains is the astronomical APYs through which the supply increases at an unregulated rate. Once that is patched up proper, then I can see the potential in the bridge.
Thanks for your comment, really appreciate you taking the time to read us newbies and our little blogposts!
Posted Using LeoFinance Beta
You can sell your bag and stop the pain if it's what you're thinking about :)
It's working as expected. No need to change anything. Another thing is that you thought that it was 'easy money' to be made.
Want the profits? Hold tight and be patient. You're receiving a +1% daily ROI to offset the loss. You're tired of waiting for moon? Easy. Sell me your bags.
Question is, you're ready to buy again later from me at 10-20$ minimum?
Time will tell.
Posted Using LeoFinance Beta
given how CUB is still on its path down, the losses will be too much to offset. You have to bear in mind that those APY rates are not permanent, as is the nature of any other coin or token in the crypto industry.
Adjudicating on whether to invest or not is a judgement call, especially as the project is yet to mature to fullness. This is simply a call to action for necessary adjustments. What would any outside ordinary investor think when they look upon the price charts and it looks like a meteor falling down? Certainly not a good impression.
I do have high hopes, though, that the implementation of LeoBridge will ripple the price up!
Thanks for your comment!
Posted Using LeoFinance Beta
Thing is. If you're losing money with Cub Finance then you're playing your cards wrong.
What about joining a low risk pool like busd-bnb or busd-btc and 'just' reinvest the rewards?
Buying CUB 'only' for the current ROI (as you said) it's a bad idea. The token is inflating at a ~2,5% daily rate. Obviously must go down and weak hands must be shaken out.
Posted Using LeoFinance Beta
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