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RE: Opinion: CUB needs to Cannibalize BUSD LP into BNB ASAP

in LeoFinance4 years ago (edited)

Ya
But I do not understand how can moving assets to cub-bnb farming pool
good for you with bnb rising up.
Do you get some bnb or what ?

That's the opposite of what happens. You buy a share of the liquidity pool in the form of LP tokens. The composition of the pool fluctuates as the price of each token on the markets moves thanks to traders moving tokens in and out of the pool. If the price of BNB goes up, the ratio of the number of BNB tokens in the pool relative to the number of CUB tokens in it will go down. When you sell your liquidity pool tokens in the end, you'll end up with more CUB tokens. That's how BNB becoming more expensive benefits you in your quest to amass CUB tokens.

I harvest only cub

That's what the pool spits out as rewards. If you wish to increase your stake in the pool, you can exchange your CUB for BNB and add more liquidity to the pool.

Posted Using LeoFinance Beta