What's your plan?

@gadrian 74

about 3 years ago

LeoFinance

I'm sorry, but this is another post about Cub Finance. So many of them lately, huh?

Do you have a plan about it?

There are only a few ways you can approach the entire thing, in my opinion.

1. Ignore it

1.1. Postpone making a decision

I've added them together, because I believe they are mostly equivalent in effects.

If you remember, that's what many of us did with leofinance back in the day when it was called differently, until it grew much bigger. That was a lot of wasted time, in retrospective. But at least it was something completely new, and you (as well as I) did a judgement call. Or used a dice. Or something. Two years later, turns out the gamble was wrong.

Not only are they still here and kicking, they expanded out of the Hive ecosystem too. To bring in investors, and soon new users.

It would have been nice if we were involved from day 1. But we weren't. Many of us anyway.

A few days ago they launched a new app in one of the biggest and hottest ecosystems out there: Binance Smart Chain. You like it or not, that's what it is now.

If you're ignoring Cub Finance or are postponing the decision to use it, you're pretty much taking the same decision as two years ago with leofinance.

Except now you know the players and the potential.

Are you afraid to use it? If you had even a small-ish claimdrop, you can start from there, plus a fraction of BNB for the initial fees.

What you would lose in the worse case scenario is the fraction of BNB and the free drop you received. Plus some time to understand how things work.

The upside can be very bright. Remember LEO's story...

2. Play for free

As I mentioned above, there's a way to "play for free" on Cub Finance using your claim drop. This approach has no risks, but likely the rewards will come slower in time, unless you had a sizeable claim drop.

3. Minimize risk

You can, for example, exchange all the CUB you receive to stable coins and put them in dens, thus creating more CUB and then more stable coins. This is, most likely the least risky approach. But rewards are also not as high. All APRs will drop to lower levels anyway, don't think there will always be like that.

4. Maximize CUB rewards

This plan is risky, because the value of CUB is in discovery mode, but knowing leofinance team and some of the new stuff they are preparing, it might not be so risky to hold CUB until the end of the bull market. Plus, there are 3 options with great multipliers and no fees available where CUB can be pooled/staked.

5. Get a decent APR on other crypto you hold

This probably requires some work and research to compare with other defis out there. And it should be considerably higher than any APR you get on loan platforms as passive income, because you have to do the work yourself and swap CUB for the crypto you want to have interest on.

Personally, I'll go with #4.

^{CUB-USD on goswapp-bsc.web.app}