CUB Finance - Just couldn't stay away from some sweet cake

I've been gathering quite a bunch of money from different DeFi projects, Play 2 Earn and other investments and I was thinking about cashing out some of them. But wait, today is the 1st IDO on CUB Finance and the CakePop will be launched with the aim of raising $250,000. Thinking of the DeFi space volume, this is a reasonable and achievable milestone in my opinion and with it we'll see its effect over the CUB tokenomics as half of that sum should be in CUB tokens that will be burned. But until getting there I was thinking for quite some time to get into the real CAKE (PancakeSwap) kingdom, but never had the chance to do so... until late last night.

So I could have either cash out around $6,000 or I could put those to work in a DeFi project. And as I am thinking that great times are to come for CUB Finance, I've decided to get an investment into CAKE kingdom and earn both CAKE and CUB tokens at the same time. And with that I've added to my portfolio 238.35 CAKE tokens that I've invested in the CAKE kingdom and after the fees and transactions to get them there I've started my journey with 238.11 CAKE tokens in the kingdom. At the moment of writing this post the CAKE Farm APY is standing at 91.33%, while the additional CUB APR is of 4.16% which is like the cherry on top of the cake. But I wonder how these will change after the IDO going live and see the effects of burned CUB on the entire platform economics.

The CAKE that I've bought in order to participate to the Kingdom had a market price of $25.20 and considering that we had previously an ATH over $42 I think is a good time to have invested in and that the price could improve in time as well. That with CAKE earnings auto-compounding should be a good investment and earnings the most of it. The CUB that are coming from here probably I will harvest weekly and either add those into the CUB kingdom or exchanging them for some extra CAKE, but will need to see the market conditions when I will pull the trigger one way or the other.

With this move I feel that my portfolio got stronger and that I am covering another DeFi angle that I wasn't doing until now. And to have this done from CUB Finance that is way better in terms of usability and extra earnings. Will just need to let the contract keep on running, auto-compounding my CAKE and harvesting CUB from time to time. While I have a slightly FOMO feeling with this move, I think that the price of CAKE was still good and instead having some dead FIAT I have some living crypto work for me.

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