I got into cubdefi about a week ago after seeing the insane APR. During this time frame, I have been able to mine about 30% of my initial investment in cub. Still currently mining; still in profit.
Now compared to some of you, I have only scratched the surface. I don't mind. Easy come easy go, I have learnt. I am here for the long-term and small gains. It is more realistic and sustainable.
WEN MOON?
I am deeply disgusted with the level of impatience with this project called cubdefi. Not too long ago I was on the telegram group and read some complaints about the price of cub.
I know a lot of the new entrants into the leofinance ecosystem are oblivious to the team's track record. I also understand that many are used to the pump and dump scams that exist within the defi space.
The uncertainty within the defi space is one of the reasons I have been reluctant to join any defi project. For your information providing liquidity is a HIGH-RISK INVESTMENT. That's why the APR is mostly insane to compensate the liquidity pool providers.
Now on cubdefi that risk is slashed by more than 50%/. Firstly, you are dealing with a sub-project of a team that has a two years track record. It is also important to add that this isn't their first defi project and their integrity has been tested.
If you were around during the wleo-eth pool hack, you can attest to the team salvaged the situation. Despite the setback, they were able to engender the confidence of the leofinance community.
Secondly, the members of the development team aren't anonymous. If you're on the hive blockchain you probably would have heard about them. Khal has mentioned a few names during and after the launch of cubdefi.
Cubdefi is barely 2 weeks old. There is still a lot to do in terms of marketing and creating awareness for the project. However, the team hasn't been doing badly.
There was an AMA some days back, and other guest appearances by Khal to prompt cubdefi within and outside the hive ecosystem. Some crypto influencers have given cubdefi honorable mentions and more is yet to come.
So why fret? Why let the fud get to you? Has anything that has occurred within the past week or so surprised you? (Given that you did your research).
I am not the smartest person in the room but it is quite obvious that there is genuine effort to push the project and it isn't doing bad by any SANE standard.
This is the very first defi project I am participating in and it's been an exciting endeavor. I have learnt (and earned) a lot during this period.
There is so much to come from the leofinance/cubfinance team. They've engendered my confidence and that of the leofinance community in their products.
There has been no reason to doubt the leofinance team before and I am certain that wouldn't change anytime soon. I am confident that they will deliver beyond my expectations.
What are my expectations for cubdefi?
I expect that the project grows into something huge within the defi space in the next year or two. As for my little investment, I am hoping it yields something tangible in the next 24 months.
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