Very well said. I think you've hit the nail on the head on all counts.
I also think there is a lack of awareness of what the wider community wants outside of the few large stakeholders and Discord crowd.
LEO is one of only 2 coins I've bought and made a loss on. Fortunately I didn't buy too many. The Defi space is moving so fast I'm not sure what makes CUB stand out as offering anything different and the user base is tiny compared with other platforms.
I'm in the DEC/BUSD farm and have no idea what I should do with that now. My fault as I don't have the knowledge to make the best decision. From the last AMA it sounds like the DEC farm won't be turned into a Kingdom but I'm not totally clear on that.
So for now I'm just sticking my head in the sand and hoping for the best. 😂
Posted Using LeoFinance Beta
You can use this table to calculate your DEC/BUSD LP value in $ and you will know if you loss some $ or not
https://leofinance.io/@sodomlv/how-to-calculate-lp-value-in-usd-when-you-stake
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Thanks for the link. I've just done some calculations using this https://howmuchismylp.com/. Hopefully I calculated correctly. 😊
!ENGAGE 10
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ENGAGEtokens.I also have money in the DEC/BUSD farm. The good news is that I don't think it will actually lose value - even if CUB isn't worth much, at least we will still get the 0.17% transaction fees. I'm planning to leave it in at least until DEC gets back to its peg, and then we'll see.
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So do you have any idea what the other person meant when they said if the APR went below 100% we'd be losing money and would be better off just hodling it?
!ENGAGE 20
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Can you point me to that comment? APR below 100% should just mean that you don't double your money in a year. APR in traditional finance is usually single digits, so like w/ a 5% APR you end up w/ $105 on your $100 investment after a year. Not amazing, but you're not losing money.
As far as I know, the only way we can lose money in the DEC/BUSD pool is if DEC loses value, BUSD loses value, CUB Finance is hacked/rug pulled, Pancake Swap is hacked/rug pulled, or Binance is hacked/rug pulled. So actually a lot of ways, but decrease in CUB value alone should just decrease the return, not decrease your investment.
Thanks for responding.
I'll try and find it and get back to you . . .
isn't that what has happened?
!ENGAGE 30
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ENGAGEtokens.