One thing I enjoy doing each morning is tracking the number of CUB I have accumulated in my account. The purpose is to make sure I am on the right track with this powerful stream of income. I have learned is mandatory not to put everything in highly risky assets.
Always check twice before you invest in DeFi and understand the risks.
Come back to my case, I have claimed my sexy reward after 2 weeks of being in the pool of BHBD-BUSD. When you claim, you need to pay gas fees on the BNB blockchain. So is better to claim once in a while when you have accumulated a good number of tokens.
Fees can kill your profitability if you claim too often. The aim is to make the most money possible. My plan is to claim maybe twice a month or at least every two weeks. A good ratio I believe for paying less fees as possible.
I could sell it for a stablecoin if I want, but the amount is not worth it. The aim is to get the most CUB possible for building a permanent stream of income in the Hive DeFi space.
I put everything under the CUB Dens section where the APY is 10.35% at the time of writing this article. It is not the same amount of interest as investing in the pools available, but you let the CUB tokens work for you.
Now the CUB I have staked from my first claim is to generate new tokens even if I sleep or go outside. I don't need to think about them and when I will check the next day, I will have more.
Having fun accumulating tokens while you sleep is a good thing!
The first is yield farming, and this one is pretty obvious. You add liquidity in pools, then you receive a token as a reward. It is an incentive to distribute the token freely to the people who want to take risks to provide liquidity.
When you provide liquidity, people can swap tokens back and forth with no centralized exchange. Everything happens behind the scene in a decentralized manner and this an amazing.
Now the tokens I have claimed stay staked in the Dens section where you can keep getting more CUB tokens. The interest is less interesting, but your tokens keep accumulating for you. You will not become the richer guy in the world, but you get something each day!
A powerful way to accumulate tokens each day in a decentralized ecosystem!
So far I have been extremely happy with CUB Finance to accumulate the CUB finance each day. I will claim my tokens twice a month to avoid the gas fees on the BNB blockchain.
Avoid claiming your tokens daily to avoid fees.
My strategy is to let my liquidity in the pool of BHBD-BUSD and get the most tokens possible. Then I will keep staking them in the Dens section, where you can get them at the slowest pace.
I have no plan to sell the tokens until the next bull run where I might take a profit. In the meantime, I wish you a wonderful day.
@Cryptosnowball
