Even after massive reductions in yield and CUB token price, APR on the main farm is still above 500%.
The thing is that as the price is continually dropping you're losing money in a CUB pool faster than you're making money so it's unfortunately a net negative right now. I'm in it for the long haul like many of you, but I don't think the bridge is going to do much. It's certainly a nice tool to have, but I don't see the volumes being high enough for the fees to be meaningful in terms of propping up the CUB price. Would love to be proven wrong here.
Looking forward to seeing what they will do to drive value to CUB, but I'm not assuming that just because they have done a fantastic job with LEO that the same will happen with CUB - they are very different beasts. Also I don't think the Uniswap comparison really makes sense. Uniswap is a defi leader and game-changing application that generates huge amount of fees from providing a very useful service.
Not trying to be a downer, just trying to look at the situation objectively. Either way, like I said I have a very large position in the CUB-BUSD pool and I plan to keep it there because I want to support LeoFinance and I am still very bullish and excited about the LEO token and project blank, which I can't wait to use.
@yabapmatt that is a great observation from you sir.....
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