CubFinance - Approaching towards 500 CUB in Kingdoms
This is the goal I have for this year. Every time I see the price of CUB being stable and not moving upwards, I don't panic because even though we don't have an upward trend, it is always good to have a stable value. As long as the value is not dropping further, it is always good. Though I have not been taking any funds from the outside world into CubFinance, I have been pushing all my CUB earnings to the kingdoms. I harvest the earnings now and then and deposit the CUB tokens to kingdoms.
The CUB that is already inside Kingdoms are compounding and I'm not planning to withdraw them anytime soon. I remember purchasing the CUB tokens for over 4$ per CUB. I don't know when the price will hit 4$ or even 1$ again but I have great hopes on CubFinance and the way we are getting new things on CubFinance.
As I said, I'm going to stay as a silent investor and not going to touch the earnings at least for now. I wanted to bring the total CUB balance to 500 somehow. I have set myself a goal to reach 5500 LEO tokens before the end of this year. If I can reach that goal soon, I will sell some Leo tokens to purchase CUB tokens and stake them in the Kingdoms.
82% APY is definitely a great thing compared to other investments. I know there are other investments that give the better source of income. Though this is a risky investment compared to all other types of investments, I would still recommend this because having multiple income sources is always good.
In addition to kingdoms on Cub Finance, I also have some funds in the Farming pool as well. You can check the details in the below screenshot. I guess this is also a good place to keep the funds and earn some CUB tokens. I have been getting 136% APR from this which is very good. Even though when I invested, the price of CUB was very high, I'm okay with that because in the near future, it is anyways going to give me the returns for my investments. I don't know if I have made the breakeven yet but good that the stake is growing there.
Once my goals on reaching 500 CUB in kingdoms is complete, I'm planning to do some investment in the above pools. One good thing that gives all the encouragement for doing the investment is the price of CUB. I think the price is pretty stable even though it is not attractive or increasing well compared to the other DeFi coins out there.
The main reason why I wanted to do more investment into these liquidity pools is because of the APR. We don't really get this big APR for our other investments. As long as the CUB price is stable, I'm sure this can be a good passive income source for the future.
Note: This is not financial advice and this is just a post to share my personal experiences. Take away things from this post with caution.
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Posted Using LeoFinance Beta
You can reach that goal this year. I believe! :D
I did it the other way than you, I converted all of my Leo tokens to Cub, since Cub have a better apr meaning I would be able to purchase Leo back faster than the other way around :D
I am at 460 Cubs or so, so I am also aiming at getting 500 at least this year :D
It just shows there is more than one approach to take.
A lot of different ways to get to our goals.
Posted Using LeoFinance Beta
Yes 100%!
Yeah that's a great strategy too. I thought about it but in that case I would have ended up buying CUB too high. But yeah the APR would have compensated for that too.
You also have a lot of Leo, so you properly get a good amount of from curation, which can be used after reaching your goal.
I only had like 500 Leo, so not a lot
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BEER.Hey @bala41288, here is a little bit of
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BEERKING.I don't have that much CUB in my kingdom but my Farms are constantly generating some CUB. I probably need to harvest it this month and stake it into my kingdoms.
Posted Using LeoFinance Beta
It all adds up. A lot of little payouts, multiple times equals a large sum of money if enough time goes by.
That is how we all grow this thing together.
Posted Using LeoFinance Beta
It is always terrific to see people working towards their financial goals.
Cubfinance is going to change a lot of lives. It is exciting to be involved in so many different projects.
Posted Using LeoFinance Beta
Hello friend, I have a couple of questions for you, the first one is, based on your experience and the current market, how much is the minimum I should invest to enter the CUBFinance project and the second one is, how much profit do you expect at this moment? I am thinking of investing and I would like to receive opinions.
Any DeFi investment is a risky investment in my opinion. You can expect high returns but that may not be consistent and predictable. I'm not good in giving such financial advice but if you are planning on investing, always invest only the money that you are ready to burn. Observe the trend and later invest more.
that's a good advice thanks, and now talking about exact terms, how much money I need to start in cubfinance?
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I still have not understood how KINGDOM works, I will try to understand better in the coming weeks
Kingdom is nothing but compounding. The rewards from staking will be automatically added up and it will compound.
Thanks for Reply... I'll go see the Kingdom section of Cub Finance in the next few days