CUB price action continues to mirror Uniswap. Where did Uniswap bottom? $1.80. Where did CUB bottom? $1.80. How high did Uniswap pop up to after a few days? $3? Cub? $3. Eerie stuff.
$1.90 was such an amazing price and I called it so perfectly that I had no choice but to take a little bit of my BUSD in the LP farm and jam it into the DEN. This pump was the perfect opportunity to reenter the LP pool. Thanks to the diamond handed LEO crew. 53% of all CUB is in the Den again. Batty.
APR on every pool has spiked up due to the price increase.
And we are about to get another huge APR spike tomorrow.
Many Dens and Farms are being disabled to add yield to the main CUB pools. The only Dens that will be left are CUB, BTC, ETH while we'll be losing the 4 farms listed above. Cutting those x24 chunks of inflation allows them to be reallocated to the CUB stakeholders.
IMO these are pretty awesome changes but some users are salty.
https://twitter.com/FinanceLeo/status/1375467400703926272
- FinanceLeo
Yeah, I voted no because I don't know anything about DOT. Maybe that's a mistake, but my strategy for these farms would be to lure the strongest communities to CUB, not random up-and-comers.
I would sooner allocate CUB inflation to XRP holders before some of these other pools. Why? Because XRP is one of the craziest and zealous communities out there. Even if they are toxic as hell, their community can not be denied.
Another network I'd like to tap into is DOGE. Again, the fundamentals are shit, that's not why we are here: we're here for interconnecting strong communities.
Also the Link Marines are a prime target for CUB and perhaps Rune when that option becomes available. However, I'm getting ahead of myself.
The current cannibalization of these pools and consolidation to CUB holders are key during this time where the CUB community was getting a little nervous about recent price action. If we can trade sideways for a little while (just like UNI did) we should be able to sustainably get more bulls on board over the medium term.
What about my 4% deposit fee?
Is CUB going to steal it?
@leofinance/ui-refresh-leobridge-kingdoms-release-and-major-farms-dens-update
The 0% deposit fee grace period will end the following day at 4 PM CST on March 28th.
So anyone will be able to enter any pool free of charge during this transitionary grace period. Not a perfect solution but good enough nonetheless.
Changes to inflation need to be made to account for the new systems in place.
These vaults will resemble Yearn/Auto auto-compounding vault contracts.
In short, the first Cub Kingdom will allow you to pool CUB-BTCb in a separate "farm" from the "Farms" and "Dens" page.
As a reminder, the bridge UI swaps ERC20s into BEP20s (and vice versa) by routing orders through smart contracts that are connected to LeoFinance's unique tri-token economy - LEO, bLEO and wLEO.
So obviously the bridge has a lot of hype. I don't expect it will really hit the ground running with a ton of volume, but then again we wouldn't want it to anyway. Liquidity is too thin at the moment.
It's pretty obvious what we really need on Hive is to ditch these order-books and swap them out for Automated Market Makers and DeFi yield farming. That would x100 liquidity on the network in every direction. I won't hold my breath considering Hive's utter lack of developers. Maybe we can scoop up some more over the course of the mega-bubble run.
The agile development of LEO and CUB continues on. This network is progressing more than x10 faster than the so-called "competition". Once we start gaining reputation on the BSC network things are really going to start heating up.
This is all possible because we are building open-source code on top of open-source code. The base layer of Hive allows for secure quick development. The pre-fabricated smart-contracts on ETH/BSC allow for these farms to be cloned with ease and modified to fit our needs. This is all happening during a mega-bubble year. Exciting stuff.
