I love Cub and Cub Finance and while I'll always maintain some position here I've been thinking about selling some off recently which is something I hadn't really considered doing when I got in. I don't see this platform growing or gaining attention how I would expect it to or how I hoped which is actually quite surprising because of all the benefits ie the team behind it, user friendliness and the coming bridge and kingdoms. I had hoped the bridge and kingdoms would give us a boost. I'm a little turned off that price and APR are falling it used to seem like when price went up APR fell which at least there was some gain but that no longer seems to be the case. Heck it even seems like Pancake Swap is losing a little steam although its been on a tear lately.
Can you explain the bridge to me? I see we still pay full ether fees so whats the point or whats the benefit?
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I understand, man. Thoughts of pulling out and dumping it all into PancakeSwap's recently launched auto-compounding CAKE vault have crossed my mind recently, but the hopium gas is what's keeping my fingers off the sell button. My earnings thus far outpace the decline in price, so that's good. But if CUB reaches $1.5 or below, then I'm pulling myself out of the game.
Regarding the bridge, the benefit it posits to the table is an alternative to Binance's centralized ERC20-BEP20 bridge, which is, to my knowledge, closed off to the entirety of the U.S. users database. LeoBridge provides a solution to this by being a permissionless, anonymous and decentralized in nature. The ETH fee is just to get the funds from MetaMask, or whatever wallet you use, to the bridge bots to handle the bridging. It's just like how they tax you a fee when you buy an asset to convert to another on BSC, like buying CUB with BUSD.
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