It's not the most exciting thing to talk about - Stable coins, but I'm now fully in the process of converting around 20% of my Leo, Hive and now Cub earnings into a mixture of stable coins - namely
- USDC
- DA
- BUSD.
The later is really only because of the decent returns on CubDefi with the BUSD-Cub pool otherwise I'd be focussing more on the other two, and I kind of fancy a third in the mix too, but I'll have to give that some further thought laters!
Anyways, I've got into this strategy fo converting the first week of my Hive and LEO earnings every month into Stables and pooling them - so that's around 20% of my earnings, and actually only 10% of Hive earnings given that 50% is powered up automatically.
As for Cub - I've got into this routine of alternating where I put my harvests:
- Harvest round A - straight into the Cub Den
- Harvest round B - sell half the cub for BNB (sometimes BNB to mix it up) and pool in the crazy pools.
I also compound the Cub in the Den - so I guess I'm holding around 80% of the Cub and converting about 20% of it over all.
I'm still feeling that there's a significant upward price potential in all the above three tokens, hence why I'm holding onto 80% of what I earn, but I feel in my noggin that a 20% skim on the way up is a reasonable hedge.
There's something about that 80-20 rule you know! You see it all over the place! It's called the Pareto-Principle, I believe!
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Sounds too smart for me. lol I just pile it all in over and over again. I'll try to come up with more fiat if the situation warrants. The important thing though is to have a plan and stick to it. I'm going to need to come up with one of those at some point.... :-)
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Me too! 😂
!ENGAGE 30
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You gotta have a plan!
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I know. I know. But it's easier said than done!
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True, it helps if you pay no attention to what everyone else is doing and just stick to your own plan!
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Can one have a plan to have no plans? 🤣
ENGAGEtokens.I'm tempted to just compound cub myself, but you're right - stick to the plan!
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I just started the process of selling some CUB for BNB to help me pay gas fees.
How often do you harvest (claim) your cub?
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I'm harvesting 2-3 times a day ATM. I only harvest when I've accumulated one cub though so that'll reduce to once a day once the block rewards drop to 1 from 3.
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That makes sense.
thanks for the info.
After seeing a few of your posts about it, I figured this was probably as early as I’d ever be on a liquidity farm and went for it. Turns out today is the day BSW is completely borked....but I got around it eventually using the trust wallet and am all up in the pool now. Thanks for the heads up!
Good to hear.
What's BSW? And which pools did you go for?!?
Binance smart wallet. Not recommended.
I'm in the CUB/BNB LP pool and the CUB and BNB dens for the profits. According to howmuchismylpworth.com I'm honestly getting pretty smashed so far but I'm using the whole endeavor as a learning experience for defi and liquidity pools in general. With some patience I think the farm should gradually recoop my BNB investment into CUB, leaving me with what is basically a paid off farm and a stake in CUB going forward.
In the long run I'm sure it'll be a win, these things can go down in the early days.
If the prices bounce around that's precisely what you want as you get more fee earnings in the long run!
My aim is to have a certain amount mainly in stables in Dens and some in pools, and then just farm off some dollars each month.
BSC is in my relatively high risk category mind you.
The 80/20-rule we all know: Didn't think it would be applicable to CUB and DENs and Liquidity pools 😉
I was looking for the difference between Harvest and Compound features in the CUB DEN. Hivesearcher triggered your post, so here I am asking if you can explain this to me.
As for your strategy: That looks pretty professional. I think my strategy is to keep all my 10 CUB in the DEN and try and figure out what to do with the earnings: Harvest or Compound them. Your input will be of help for me to decide 🎶
I think compound is just like re-investing in the Den - the gas fees are lower than with harvesting if I understand it correctly.
Ah ok, makes sense. When using Compound, I think its more like a internal transfer of funds which goes with less costs. Harvest is then the move of CUBs to the BSC wallet, which goes for a higher costs. Seen similar things at Ethereum.