Hello, LBIers. Easy post this week, let's look into our polyCUB holdings. Now, I can't remember exactly what I said I was going to transfer over from Cubfinance to polyCUB. I think I said I was going to move over our BTC/BNB LP into the BTC/ETH kingdom on polyCUB. Well, I did that but after about 24 hours I decided to move over anything that was not connected to bCUB because...well, massive APY's. What else? 馃
Let's start out with Cubfinance and what we have left. Starting out with farms, we have our holdings in the CUB/BNB farm and we'll continue to hold these here. The DEC/USD was overlooked and I'll most likely dump this soon and switch over to polycub.
I've wiped out all our Kingdoms except for the CUB kingdom.
The plan going forward for Cubfinance will be to HODL this CUB LP and kingdom. Im guessing that future CUB airdrops will be based on CUB holdings same as the polyCUB one so holding CUB on each platform will grow bigger and bigger airdrop's as more CUB farms are released on different chains. As of now, we have just over 3000 bCUB tokens on BSC.
Now let's look at polyCUB. It's been an amazing few days since it launched. I have us in farms, a few kingdoms and the XpolyCUB vault. Starting out on launch day, I took our BTC/BNB LP on BSC and switched it over to poly. From this and early harvests, I got us into the XpolyCUB vault. About a day after, I moved over our bLEO/BNB to pLEO/MATIC and then about 2 hours after that I wiped out the rest of our kingdoms (beltETH, beltUSD) on BSC into the BTC/ETH LP. Lets take a look as things are now starting with our farm. You can track your farm on https://app.apy.vision/
Next up, we have our kingdoms. We have the BTC/ETH LP which I have mentioned and is funded from our CUBfinance holdings. The ETH/DAI LP below has been funded from harvests we've got. I have only really started to build this because up until 1-2 days ago I was claiming and putting harvests into the XpolyCUB vault. Going forward, I will continue to claim harvests and grow this ETH/DAI LP token until i think we have enough and then maybe switch over the stable kingdom to build up some there.
Lastly, we have the XpolyCUB vault which is new for us. I was able to get us 50 of these before the price got expensive, i think the highest i paid for any was around 3 polyCUB each so in terms of polyCUB, we're way up and there will be no plans to exit this ever. As with our bCUB LP and kingdom on BSC, this XpolyCUB vault will act as our HODL cub for the Poly chain. Our 50 xPC is currently worth 368 polyCUB and it's still growing. There are a few days left before the first block reward drop takes place so the XpolyCUB price increase will slow down but over time, this could be 20 polyCUB per xPC token giving us 1000 polyCUB's.
Thoughts on the price of polyCUB. To be honest, I had higher hopes and its quick decline to around $1 at the time of writing is madness and i little surprising. It took bCUB 2-3 months to drop $1 if my memory is right so to drop to $1 in under a week from launch is not good. I dont see this going back up again, it might jump to $1.50 are something but the $3 days are gone. I saw the decreasing inflation (rewards) charts and that's cool but with decreasing inflation comes declining APY's until people move on to the next thing. It's nice to be positive but everything has 2 sides and I see this as a flaw. All farming tokens in my POV will go down over time and I know this is a new concept that CUB thought up. I think as each new farm is released, upgrades will come upgrades from lessons learnt from the previous release and things will get better. I dont like to write things like declining inflation equals declining APY's until people move on but I dont see anyone else writing it so I have to call it as i see it.
Looking at it roughly, our total profits so far are $245 in the ETH/DAI kingdom and $395 in the XpolyCUB vault. This was alot higher a few days ago but there was something that happened that dropped the price of polyCUB. Something i spotted as an excellent way to make money 2 days before, like 12-15x in 2-3 days but it's something to need to do at launch. Anyways, im know Khal is aware and he never said, but im sure he'll close that loop for future CUB farms.
Yes, so total profits so far at $640 which is not bad considering the farm dapp says we've earned $542 and we dont have alot of assets off-chain. Someone suggested that we should talk about maybe converting some of our staked LEO into pLEO and using it to the farm to get a much better APY but im not sure if that would be popular among investors. Personally, I dont mind. The one thing I would say is that if LEO went from HIVE to Poly, the earning from it would not be included in weekly earnings. If you guys wanna talk about int the comments below, that would be cool and I'd get to see some feedback that helps me to understand what people want.
That's your update. I had planned to only do polyCUB but adding on CUBfinance was handy enough and it's sorta cool to see us involved with 2 CUB farms now. This will probably be your Thursday content for the next 2/3 weeks as we're doing well and I know token holders love to see numbers, holdings and how things are going.
Thanks for checking out the post and staying up to date.