Good luck! Hope it works out. My concern is the cub burn rate is not high enough and there will be to much pressure on the cub token price downwards.
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Good luck! Hope it works out. My concern is the cub burn rate is not high enough and there will be to much pressure on the cub token price downwards.
Oh, so what's putting the downward pressure on CUB? The people selling it due to APR going down from inflation reduction? The price of CUB going down is good for the APR, so we get more earnings, then I have to hope the price goes up at some point for me to not lose ;) hehe
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I guess after all it is an unlimited supply token, so as far as i can see the only really thing keeping it from eventually going to zero is new money coming in and token burn. Because there is a 80%CUB /20% bLEO burn I am not sure the burn will be enough - I guess once token creation rate per block is at 1 and APR has halved again it will become more clear how sustainable it is.
The good thing is the TVL is low, and there's plenty of space for more funds to be staked. For me personally I would be concerned that any extra cub mining now will be outweighed by a drop in the token price. For this reason I withdrew my cubs and sold out at 5.70 per cub yesterday.
I really do hope it pays off for you, its a gutsy move and you may well be well rewarded well for it - Maybe I am to cautious! But I do try and look past the memes and constant pumping. And who knows.. Maybe this comment will be one that is looked at years down the line with everyone laughing how much I could have had had I not sold when I did lol..
I do want back in, but I am struggling to decide the right time.
hehe yeah, who knows, I'll find out though ;)
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