Taking a break from Cubs to talk about.....More cubs

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So I started reading about impermanent losses in DeFi and realised that it is something that I'd have to consider in the future.

For now, though, I'm in ape mode, so I've been diving into pools like a naked @trumpman at the beach.

I initially wanted to use the longer approach to absorbing my BUSD, but changed my mind when I realised that the $3.7 range might just be the bottom.

I of course could be wrong, and the price drops even further, but that doesn't matter anymore, since I pulled out of the safer Den and pooled into the Cub-BUSD side of town.

With this sorted out, I can now compound my Cubs in a safer space in the den where I won't have to worry about impermanent losses.

Interacting with a DeFi platform has a weird kind of kick to it. I've heard about rug pulls and many vices in the game but I've also heard about Uniswap and many others that made people rich.

Cub's already gotten over $7m in TVL without even doing any serious marketing. By the time word gets out and people from both BSC, ETH and crypto community at large start diving into these pools, the early adopters are going to be rich asf.

For now though, it is all about picking your moment. Knowing when to dive in and exit pools might be key to success. That's something I'm going to dedicate time to learning in the coming days.

I've been suspecting it since but this time, I'm certain that this is the year I'm going to be rich. I'm basically printing money at a fairly decent rate and that money is coming from a brand I can trust.


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21 comments
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Yes, this is hopefully the year. Worst-case lets hope its at least the year we become almost rich and then next year we make the final leap. lol As for impermanent loss, seems like the best way will be to just do it and see what happens. I don't have a ton in the pools so...I'll farm as much Cub as I can and see what I'm left with in the pool at the end. Who knows, if I never leave the pool it won't really matter, will it? :-)

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(Edited)

To me: impermanent losses are only bad if you were thinking of throwing that money into something riskier to begin with. The farms have the benefit of always being able to get back your initial investment (unless something drasticly goes wrong with Cub Finance).

If you purchased $500 of CUB at $6, you'd be down right now compared to spending $500 and going into the CUB-BUSD farm. My current strategy is having most of my investment in the CUB-BUSD farm, and then staking all of the CUB in the CUB den.

Whether this works out is to be determined, but I at least feel comfy about at least getting my initial investment back.

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Knowing when to dive in and exit pools might be key to success.

That's where I'm at now as well. When do I exit a pool. Which signals should I be watching?

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How much CUB you got ? I have got only 1.469 - so not worth exploring it in Defi - I am planning to sell them in hive-engine.

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I got only 0.355 from the Airdrop. However, before the Airdrop, I've been farming it. Right now, I should have almost 150 or so.
Most of them are staked in the liquidity farm though.

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before the Airdrop, I've been farming it

So it was available before Airdrop ?

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Yeah farming started before the Airdrop. That's usually how it works in DeFi.

We've been farming Cubs long before the Airdrop.

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I removed some of the money I had in my den into a liquidity pool. Mining is after and risky in LPs but I am willing to take risks. The den pool serves as an after option to cover risky. $cub to $50 in the next 2-5months. That's my prediction. So if that is was I think will happen then I have to accumulate. What? Would I like a hundred $cub at $50 is $5k. That would be a nice sum to have. So a hundred $cub is the goal. For me.

Don't farm aimless. Have a target. So you know when to take profit or not.

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Let me put it this way, if cub hits $50, I'm going to buy land in front of Kaduna state government house 😆.

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It gets even more complicated? haha.

Either way, I love it so far. Watching the Cubs be born is exciting. I need to get more money into it ASAP.

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DO ITTTT!!!! Print that magic internet money.

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Yeah i was reading about this impermanent loss too. Decided to just stick my cubs in the den and farm for now.

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Keeping those puppies safe I see. Nicely done

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I don't have enough CUB to get rich, my farm is only making 1 CUB a day, but I hope that will be enough in the long run

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Take that cub and stake it again. Then compound it

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CUB has got great attention by the community and within couple of days it has crossed mark of 10 million U.S. dollar and that is great. I have already staked my coins for farming iron written is also quite good but I hope in coming date it will reduce because funds are growing.

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The rise in value is a good thing actually. I'm building up a reasonable amount through cubs that will be restaked in dens to farm even more cubs

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