About an hour ago, the CUB token has dropped to a new All-Time Low price of about $1.76/cub. The previous ATL was recorded more than 6 weeks ago the price was around $1.80/cub.
It is making me wonder why would Cub Defi users are dumping their tokens? Even though that the team is now delivering their promised new UI revamp and the LeoBridge. The Kingdoms is now on the way and will be launched soon (as indicated on the website).
I was also observing the other DeFi platforms in BSC and I noticed that the other project is experiencing the same situation. Goose Defi is also experiencing this token downtrend.
Where are they going?
To Pantherswap? Maybe.
I went on to check the Panther swap platform and was astounded by the current status of their TVL... more than a quarter of a billion dollars!
After further inspection of the platform, I noticed that it's a simple copy of Pancake swap or Goose Defi except for the minor features like:
- Automatic LP
- Automatic Burning
- Harvest Lockup
- Anti-Whale
These features may sound creative enough but they are not world-changing features that make me want to get involved.
The burn rate of Pantherswap is only less than 7% while Cub's burn rate is more than 10%. I would say that Cub has a more aggressive action in reducing the supply of the native token. In theory, a lesser supply would imply that the token will be more valuable; because it's deflationary!
I also discovered that Pantherswap is implementing 5% fees on every transaction made within the platform. Take note that this transaction is applied on top of the BNB (BSC) transaction fees. The 5% transaction fees are a big ask IMO. Just imagine swapping $100,000 worth of tokens in their AMM, there will be $5000 of in-house Tx fees while the BSC Tx fees will only cost about less than a dollar. This example is hypothetical and I only wanted to exemplify the severity of the 5% Tx fee.
Also, note that this is different from the Deposit fees that will be applied to the non-native token LPs in farms and pools.
In other words, there are too many charges for participating in Pantherswap that deters me to get involved in the platform.
The Cub Defi do it differently, most of the fees are one-time only and there are no Tx fees aside from the BSC Tx fees. IMHO, it offers a more pleasant experience since BSC Tx fees are relatively cheap especially when the transaction is holding more than $100 worth of assets.
Did the APR pulled more investors into the platform?
In my opinion, Cub & Goose's features are far superior that Pantherswap (for now).
Cub Defi's LeoBridge and the coming Kingdom are awesome!
Goose Defi's Egg Houses & Vaults are also awesome!
Pantherswap only has a Lottery aside from the Farms & Pools which are pretty basic if you ask me. Although there is the upcoming release of new features, however, I don't see them happening today or in the next few days.
What seems to be driving the hype for this platform? ----> it has to be the 4-digit APR!
This is my best guess and I wouldn't blame others for participating in this platform because of the extremely high rewards. I could be wrong for saying that it isn't sustainable. However, if adding the aspect of 5% tax on every transaction in the platform, I feel that it would eventually balance the economy of the platform.
Very Important before you invest
NFA: Not Financial Advice!
DYOR: Do Your Own Research!
IAYOR: Invest At Your Own Risk!
