This post explains exactly the questions I asked someone in another post before!
Great!! Thank you very much :)
Especially the eyplanation of the multiplier :)
I did not yet join Cub Finance, as I‘m new to Defi.
How „safe“ do you think this is?
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I have trust in the team that created CUB so in that case, I am confident that the team will not cheat people who have their money invested in there.
However, it is crypto and there are lots of ways for you to lose your money in CUB. (CUB could lose value, BNB could lose value, the coins in the farms and dens could lose value...)
I like to stick to the different ways my money can grow.
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Thank you for your answer!
I also trust the team, because I know that they sre trusthworthy.
I was more worried about the risks of defi itself.
How does the APR of liquidity mining change? How does increased supply or increased or lower prices influence farms or dens? Is there a post about that somewhere? :)
Have a nice day! :)
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Oh, that is a whole can of worms, and yes, there are posts about that. Lots of them.
If you want to read a specific author @edicted writes about CUB a lot.
If you are looking for general answers, go to the leofinance front page, and towards the top you will see "defi" as one of the subjects. Click on there and find a plethora of posts.
I'd say it's pretty safe. It's my first DeFi as well. The LeoFinance team has a proven track record. I don't know anything about the other DeFi projects, but I would say I trust the CubDeFi more. There is always risk. Maybe there is a flaw in a smart contract (although unlikely), but smart contracts can't be broken. The Cub contracts have been audited, report to come out shortly.
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Yes I think you are right!
Let's see what the future has to offer for us! :)
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