Some thoughts about Cub and Cubfinance

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Cub finance is the new baby of the Leofinance ecosystem, and with babies comes growing pains. Things have gone south in terms of the unit price of each token since its creation and people have consistently dumped the token until we have what we see today.

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The launch of Kingdoms was welcomed and now we have an auto compounding contract that earns yield from Pancake swap but also pays you in Cub token, so it is a win-win. With the addition of the two current kingdoms comes more dumping pressure on the cub token, as people scramble to add cake by selling farmed Cub.

On the positive side, the TVL rose a little bit to slightly more than $9.1 since its previous lows, so that's a blessing. Now the question I'd like to be answered is, how do we increase demand for cubs?

I hate to believe that the Cub token is just another pointless farmed token that is meant to be dumped at the slightest chance. I want to believe that there's some long-term use of the coin that will attract more defi farmers and invariably increase the price of the token.

Speculative thoughts about Cub

Is Cub going to be used on Project Blank? This is a question and a line of thought summed up into one statement.

I keep thinking about giving Cub more utility and my mind only goes to Project Blank. Project Blank is an unnamed concept that will bring short form content creation like the type we find on Twitter to Leofinance ecosystem.

This system that is already in the works will incorporate the lightning speed of transactions already deployed on leofinance and will also be incentivized in its own way. Nobody knows exactly what we're going to get but I suspect that this project might somehow be linked to Cubfinance.

I'm in it for the long haul, so while prices may hurt, I trust the process because I have confidence in the leaders of the project. However, the most important thing for me is the demand for cub and development.

On the surface of it, it looks like the team is focused on increasing demand for Cubfinance as a whole, based on the fact that they're adding more ways to use the platform and earn. Perhaps this scheme will attract more users and invariably more cub demand? Time will tell.


Posted Using LeoFinance Beta



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19 comments
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How many cakes do you have staked brother?

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It was 13 when I staked it but it auto compounds and has increased to 14.1 in three days.

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Damn. Thats a lot of Cake :D
I only have 3 xD

Amazing :D

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hehe. keep it compounded, more will come.
I just bought more cake with my cub, so I'm up to 30.1 now :D

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Holy fuck you had a lot of Cub or got a good interest haha :D

I am just starting out. I converted my Cubs into Cake and bought another 2 Cake right after with Bnb. I am so splitted bewteen where to put my money! Thats my only problem xD

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My cub farm is printing fast because I put quite a lot into the pool. Remember that $2k I got from an airdrop? I put most of it into the liquidity pool, so add that to what I already had and it has been printing really well.

I even just powered up 307 leo with the remaining cub from my farm :D. My Leo power now 4k

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Damn. Thats a really good use of money from the airdrop brother! :D

That most be printing neatly! :D haha.

Well, congratz on the LP! I am working on getting to 1K LP before the end of the year and I have 487 LEO. But they are all delegated to BROFI to speed it up :D

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Good luck man. I hope it all works out. Get your LP up and stake those cubbies.

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I am thinking about throwing a lot more money at Hive and just grow as fast as possible (more than I try now) and then just let Hive be my onramp to other cryptos and crypto investments ^^

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That's a neat idea tbh. That's what I've been doing for the longest time. Cubfinance is also going to be my investment portal as well

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Amazing! It paid off :D

I haven't really investment fiat for long time. So it has just been organic growth for me :D

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Lol I don't get the team's Kingdom's strategy at all.

Why start with CAKE and nothing to do with CUB?

Of course the price of CUB was going to dump as everyone sold for the higher-yielding CAKE.

I was a fool because for some reason I didn't want to sell CUB for CAKE at launch.

FOOL!!

Posted Using LeoFinance Beta

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lol It is perplexing tbh. My guess is that the aim is to attract people to the platform, rather than favour the price of Cub.
So dumping pressure for cub but more use?

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If there are more use cases for CUB there is potential. Right now the burn only is not enough. What can we do with CUB? Except sell them for bLEO? I am a big fan but we have to think rationally about this. If everyone bails for some reason, token price can drop, that is just a fact. TVL was $20m and then a lot of users cashed out. Token price has fallen under $1. While I don't believe CubDefi will vanish overnight, we still have factors like impermanent loss to consider. What can we do to prevent CUB from turning into a BUD? Another defi that was a Rug.


Posted via proofofbrain.io

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That's the million dollar question right there. What will bring demand? What will make people want to buy and hodl?

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I am very curious what they plan for the CUB token, like you said... it won't be worth much if it is just a farmed token.

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Same thoughts for me. I want to believe there's an end game.

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