The waiting period is finally over! CUB of Leofinance is finally out in the De-fi space. Honestly, I was not expecting that much. As because I have had my fair share of Defi experience and I want to stay away from such experiences. But little did I know Khal would make things much more enticing for users to get into CUB defi.
CUBOriginally my plan was, I would stake my CUB token (which I will get from the airdrop) in the CUB den and not get involved in any sort of LP pool. But yeah, my mind is playing mind games with me. I was able to be a part of different LP pools and my experience was not that good with them. But when you look at what is actually happening is Cub Defi, I guess your mind will change, at least for few minutes. It did with me.
Yes, CUBdefi just got started. It will have more room to improve. But the fact is, since it got started there will be some advantages for early investors. Which is why try to go through the pools and dens to see if you can manage something out of it. I was patient for some time and as you may have noticed on my early post here, how I am not a very good fan of LP of LP pools. But I got in anyways!I provided liquidity for CUB-BUSD pool. Since I had BUSD on my balance and I did not want to go through any sort of extra hassle of purchasing other tokens and then go for those pools.
I purchased CUB token in Cubdefi with BUSD. I thought going in with 500 but the temptation was literally too much. So went with 1k. $500 worth of CUB and $500 worth of BUSD. So far atm the current APR is around 20k, while I am writing this post. This amount will decrease in the coming hours/days as more liquidity will come in the pool. Which precisely means less returns will be generated. But yet I am concerned with few other things which might put some issues with users investments. The imparmanent loss will presumably happen, as some users who will be getting the CUB airdrop might think of dumping the free money, which will eventually affect the price, resulting the affect in initial investment. Another worry is about the hacking. Yes, I am not saying it will happen but it is a risk for early stage. This is also a concern but I hope Khal has really taken precaution about that.
Honestly, this was the ratio which I saw when I got in. I was literally in shock coz this was the first time I am seeing this much apr (in a legit platform). So why not give it a try and see the outcome from it. Once the liquidity providing was taken care of, time to earn some extra money by staking my stake.
This is something which I was really looking for. Honestly, the profits shared from swapping is not really worth that much. So staking rewards are what I am looking out for. I am still not sure what I will be doing with the CUB tokens but I am thinking long term as of now.
Total Value locked in Cubdefi : $3,432,234.58
So far I have managed to get around 5 CUB and the price of Cub is rising. So it is probably going to be pretty impressive in the long run. So what have you been upto? or what are you thinking about the airdrop which will happen soon? DUMP or stake ;)