Evening
So, its been a while since I have written about my CubFinance ventures. But the latest Engagement Contest have forced me to come out of the silence.
I have been into the CubFinance right from the beginning, when the Cub token was airdropped to the community. A lot have changed since than, V2 version of farms came in, Kingdom contracts rolled in and Leo Bridge went live. The price have also dipped quite a bit too, ever since, with minor occasional pumps now and than.
When I entered into the Cub World, I went in for a long haul. So despite the price dipping significantly, I never pulled out instead I kept farming and compounding(thanks to the Kingdoms).
So lets dive into the current positions, that I hold into the platform and the future plans about it.
Farms
CUB-BUSD LP
I started with CUB-BUSD liquidity pool. Hell, I didn't remember how much I invested in the LP, but I have been happy to harvest my Cub earnings form the pool now & then and put them in Kingdoms.
That 116% APR are sure quite alluring, especially now that Cub price have stabilized around $0.3 so chances of impermanent loss are quite low.
DEC-BUSD LP
Down the line, I have also invested some of my DEC earnings into DEC-BUSD LP. 6.04% APR might not be that much attractive to many, but for Splinterlands folks like me DEC-BUSD LP is a blessing. Apart from the tiny 6.04% APR from the pool, I also receive daily share of SPS airdrop for my LP position.
Hell, I would love to see that multiple improved from 1.5x, may be a little bit!
Kingdoms
Cub Kingdoms are where the magic happens. All my Cub earnings from LPs goes there. Kingdoms compostable auto-compounding contracts offers juicy cross-platform farming plus CUB rewards.
For now I am vested only into Cub Kingdoms. Like I already said, I am into Cub for a long haul, so I don't mind my Cub sitting in the Kingdoms, getting auto compounded at a decent 34% rate.
Future Plans
Kingdoms are quite innovative & profitable and it would be a shame if I didn't benefit from them to best of my abilities. So for now, my next target is entering into beltETH Kingdoms. I have a little bit Ethereum sitting idol on Avalanche Chain, so the plan is to bridge that Eth to BSC and deposit it into beltETH Kingdoms for auto Compounding. That 22% APR is actually quite awesome.
For any long term BTC holder beltBTC Kingdoms are also a nice attraction. 9.26% APR for holding Bitcoin is pretty great actually.
In the end I would dare to make some suggestions regarding CubFinance.
- More Cub burning mechanisms should be introduced e.g. Lotteries, NFTs etc.
- Giving CubFinance more social media exposure like this Engagement Contest.
- Introducing a Referral Program and incentivizing community to bring in more people into the fold.