I was too tired last night to dive into CubFinance as it launched, even though the post went out before I turned my laptop off.
I briefly looked at it, gave it an upvote and left it for the morning. What I apparently missed was some insane APYs right after the launch and during the night. They are still insane as we speak.
But trying to do anything last night - not to mention for the first time on BSC and defi - wasn't smart, so I have no regrets.
I did jump in almost as soon as I woke up and after I briefly read through the documentation.
Actually, the best documentation for me to get started was this post by @edicted.
But yet again, I don't need many explanations. A smart contract address here, a token contract address there and that's all I needed to get going.
Unfortunately I made some mistakes last week after the snapshot for CUB, and staked my LEO without thinking...
So I only had 26 LEO and change. But I realized these APYs are not going to hold, so I moved them as few as they were to BSC (after wrapping them to bLeo).
I will move more LEO the following days to CubFinance. I kept some BNB, so there won't be an issue to have a matching amount.
The rest of BNB - which is the majority actually - is in the WBNB den.
The value of CUB sky-rocketed to over 11$ at the time of writing.
Will it hold after the claim drops are performed and after the initial rewards at insane APYs have been collected, all in CUB?
If yes, that would be great.
But the most likely scenario, in my opinion (not an advice), is that it will plunge to a certain level from which it will start to soar again.
The 80% buyback to burn program from the collected fees for CUB might play a role in influencing the price positively. First burn was today.
But yet again, what do I know? It's the first time I play in the defi world. :)
From inside the defi world it's much easier to understand why are all these people who took a dive before us so excited.
Have you tried CubFinance? What's your impression on it? Did you have difficulties?
Posted Using LeoFinance Beta
I am waiting for the airdrop
or i will buy and stake tomorrow
Posted Using LeoFinance Beta
You have some BNB though? Without a little BNB you can't do anything on BSC, because you need them for the fees.
So, you can't claim the CUB drop, you can't wrap LEO, you can't swap or add liquidity to pool or stake to a den.
Posted Using LeoFinance Beta
I'm waiting to have my first LEOs in order to check the platform!
Posted Using LeoFinance Beta
You don't really need LEO. What you absolutely need is BNB, to pay fees. Then on CubFinance there are a host of crypto you can use. Sure, CUB and bLeo are central, but there are also stablecoins, BTC, ETH, DOT, CAKE. I briefly looked at the dens to list them to you. I'm sure others will be added.
Posted Using LeoFinance Beta
And you can check the platform without adding funds any time, to see what to expect.
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This is my to do today.
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Cool!
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The price may not really plunge but drop to about 40%
It's just business
That's about the same thing. But seems quite often in defi or crypto launches in general. So, it wouldn't be a surprise.
Posted Using LeoFinance Beta
A chaos to come.
That's the future.
We live in an ongoing chaos... Sometimes we may get tired and want out, but there's no out, really.
Posted Using LeoFinance Beta