Would anyone ever ask if people who are farming Sushi care about Sushi? They are farming interest and getting paid for tying up their coins in an exchange/swap, which is what is happening on Cub as well.
It's not a test of caring, it is a test of creating supply at a level which matches the demand. Sushi also did not launch out of the gate at high prices.
I haven't sold any cub, but I am farming cub not because I want to care about it... Rather because at some point I hope it is profitable. I have a long term view on it, but others have different financial goals.
The idea is to make LEO a very desirable token to farm, and I have no question the Leo team will continue to work at that.
Also once the bridge is here I think many will move funds over from less profitable staking. I know I am planning on it.
Hang in there, it will sort out.
I see it as you can care about making money, care about a project succeeding, care about various things and/or combinations of them all. These aren't tests, just what people are motivated to do.
My point was some people just don't care about the new token and the project that's behind it, they just want/care to extract as much value as they can, whichever way they can. "Oh look, a new farming coin, time to jump in and take advantage of it while its early and APR is higher. I'll just dump what I get and take out my staked tokens when I'm ready to bail and I just made a bunch of money in the meantime by staking it."
It's not a 13 months stake, or 1 month. You're not locking it up really, it can be taken out in an instant. The deposit would be lost, so you are stuck locking it up for some time if you care to make back the fee. And that's why they sell CUB because they want to make sure they get their fee back. All about making gains no matter what, driving the price down doesn't matter as they will be selling on the way down while other hold the bags.
The supply is there, inflation is fixed, I don't see there being a need for any test to create supply. Demand helps push up the price, and that helps to combat the selling pressure.
I was suggesting there are these people, and that's why the price goes down because they just want to get what they can while they can. They don't care about the project or seeing CUB go higher, they are in it for the short term gains.
I'm in it for the long run so the falling price is meh, not great, but all good long term for what I see, sell sell faster dumpers ;)
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!ENGAGE
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ENGAGEtokens.Well, I also think it could do great things if CUB gets well established. Long term view.
Some are going to come for the farming, just like I entered other markets for the rewards.
I think for being brand new it is doing just fine.
Nice jump up to $3 when I woke up this AM. :)
Yes, I was surprised. Due to good news on the den/farm changes yesterday maybe?
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Interesting that you say that, because this is what I love about the Leo team. They pivot when they need to.
I did see it as good news, even though one of the pools I was in closed. wbnb
I am in the same situation. I only have like 750 LP tokens staked in the CUB/BUSD pool. I have to sell half of the CUB I get for BUSD so I can continue to stake. IF there was a deposit fee for CUB/BUSD or a higher fee for selling CUB it could balance out better overall.
That's interesting, so if you want the high APR you're gonna pay for it! hehe. I think the no fees on CUB-based dens and farms is to further incentivize using them. But then again with high APR, they would still be the most popular farms.
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!ENGAGE 20
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ENGAGEtokens.