I think it's quite clear why CUB went down as fast as it did. Its rate of inflation is much faster than its rate of adoption has been. The overall bull market kept all kinds of coins afloat because speculators were buying them. Now that the continuation of the bull market is in question, mere speculation is hardly enough to keep coins like CUB from sinking.

Simply put, there is not enough utility in holding CUB relative to how easy it is to earn it.

The only exchange pairs it makes financial sense to provide liquidity to under the current market conditions are the stablecoin pairs. And even then, the 2% deposit fee means that you must be prepared to provide liquidity for a minimum of about three weeks - at the current price level - to strike even and make profit.

The main problem with CUB is that it has no proper sinks. CubDefi is on Binance Smart Chain and every transaction must be paid for with BNB. Only depositing in some Dens and Farms costs CUB but the financial sense in doing so depends on other depositors that come after you paying their fees to give it value - and speculators holding the coin in expectation of some yet unknown future utility and growth of user base.

I also agree with you on that the microblogging app should've been prioritized. Crypto-microblogging is a big thing and censorship is annoying. There is a niche for content creators who are bothered by censorship and who like crypto rewards for their content creation. LeoFinance has very good curators who do a good job keeping crap from being rewarded and attaining much visibility. The work done by curators and content creators creates genuine non-speculative value. CubDefi is like the dark side in Star Wars, potentially faster and easier but more treacherous a way to make money.

Posted Using LeoFinance ^Beta