Crypto Doomsday Prep - Going Full Ape Into CUB
hey frens
Yes, it's a click-baity title I know. I just wanted to share some thoughts and my strategy at this point with the crypto market taking a pretty big dip. Do I think we're in full swing bear market? No. Do I think there is more room to the downside for a lot of cryptocurrencies? Yes. But here one Hive, we have a few different safe-havens that can get us through any kind of market.
PolyCUB
Following the January 6th HIVE/HP snapshot for Ragnarok and SPK Network, they whole crypto market has been down. There are a a lot of reasons you could argue that we're seeing crypto's market cap touching the $2 trillion level down from nearly $3 trillion in December. I'm not here to speculate on what is going to happen or why we might be in a downtrend. I'm here to talk about ways we can hedge ourselves against the downtrend using the Hive/LeoFinance ecosystem. Now that we have all hopefully secured our airdrop snapshots, we need to plan our next moves. Right off the bat, the first thing that comes to mind is... I need to stack up some more CUB because PolyCUB is coming "SoonSoon" according to Khal. PolyCUB is bridging CUB over to the Polygon blockchain and introducing a lot of DeFi 2.0 features such as Protocol Owned Liquidity. It's going to be an explosive launch in my opinion. Wanna learn more about PolyCUB mechanics? There ya go.
How do we make sure that we are going to get our fair share of that pCUB claim drop? We need to have CUB. This can be CUB staked in Kingdoms, CUB-BNB, or CUB-BUSD. If you're in a liquidity pool kingdom, you'll get airdropped based on the CUB-side of the pair. not the whole pair. The best option in my opinion is just to stack up and stake CUB in the Kingdom. CUB is cheap right now, around 29 cents and the APY for the CUB kingdom is around 45%. So are you're securing your max airdrop, you're also earning on top of that in the form of compounding interest. This airdrop will be at a rate of roughly 0.15 pCUB per CUB and snapshots will be taken daily. Instead of just one snapshot, there will be one every day for 60 days to determine your daily drop. This should really help the price of CUB increase and stabilize. There should be less sell pressure on the CUB token with a daily snapshot. I have a feeling a lot of people will be parking some funds there for the entire 60 days to maximize their drop. That's exactly what I'm going to do.
Apes gunna ape. I rely on crypto to pay my bills. I am chasing these airdrops to make sure I'm safe regardless of what the rest of the crypto market is doing. Hive seems to me to be one of the safest places to park your assets at the moment, even if you move into the HBD savings accounts for 12% APY.
What's your plan?
Thanks for reading! Much love.
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Posted Using LeoFinance Beta
This might be the way to go. I’ve been going into cub defi a little more myself too. Another fun fact, @actifit has defi on BSC too now, so EVEN MORE options!
But I no scare 😎
I did not know this... @actifit is one of my daily posting goals for 2022, although I haven't really been doing it yet, but I have had an off week due to injury and bad weather so there's that, lol. I am actually in the gym parking lot currently so I will get some stats in... I will have to check that out.
Yes
Yes, doing it for some time now via my fitness account @mochita and last time I checked I earned more through the DeFi function than my actual activity 😂 (not paying out fully in AFIT but the other half in $Hive)
Yeah I am trying to check it out. Looks like it's all coming soon kind of thing from what I see, at least the BSC side of it. Going to check out the docs.
If you mean delegation, I have had a a couple of hundred delegated to them for some time, at least I did... I will have to see if I still do, lol.
oh yeah, I haven't popped into Actifit DeFi since it launched. Thanks for the reminder!
I actually pulled all my liquidity out of CUB and went into Splinterlands, HIVE, and paid off a couple of credit cards, lol. Had some other reasons to pull out of CUB for the BlockTunes DAO as well, but it is what it is. I can rebuild some LP if I need to. Honestly I am getting paid way better on the Cosmos ATOM ecosystem in the Osmosis DEX right now. Plus the airdrops over there have been quite plentiful.
oooo I have never messed with cosmos. Throw me some links?
Prepping for a doomsday by going all in on a defi token?
You're wild mate ;)
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Haha, I don't think doomsday is coming. Also I only went heavily in, not all in. Just wanted enough to get a significant airdrop.