Stable Coin pair on Cubdefi Farm is offering attractive 36.07% APR despite bearish market
Hello lovely people of Hive community. Hopefully you will be enjoying your life with good health and spirit. Friends, bearish trend continue in crypto as market is struggling to surpass $1 Trillion. Current global crypto market cap is around $0.952 Trillion. Almost 2.38% dip observed in last 24 hours.
Red color dominance observed in market. Even top notch coins BTC, ETH observed 2.06% and 6% dip respectively. Such situation provides an opportunity for investors to shift their asset on stable coins. That's why 3 stable coins are included in top 6 coin of the market.
Hive also has a stable coin HBD. Unfortunately, coin is no where near to its class and at the time of writing coin ranking is 3089 in the coin market list. One of the reason of low ranking of coin is unavailability of coin in exchanges like Binance, Kucoin. Currently HBD is only available only on Upbit.
Leofinance understood the importance of promoting Hive ecosystem coins and introduced coin on other blockchain. As a result we have Binance based and Polygon based HIVE & HBD in the market.
Cub is an amazing platform which is offering great reward on staking your stable coins asset. At the time of writing. Stable coin pair on HBD-BUSD pair is offering 36.07% APR on providing liqudity.
The other positive is that Cub is offering reward in the form of Cub coin, which has already reduced more than 99.5% down from its all time hight worth.
Remember Cub has introduced buyback and burning mechanism. It will eventually help to strengthen Cub price. Who knows the profit will be 10x or even 20x.
In my opinion, good pair for investment. The way Leofinance team is working on new feature one can say future is green. What is your opinion my friends? Do you think it is a good investment opportunity.
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.
Posted Using LeoFinance Beta
This are stuffs expected to occur in the Crypto price and thanks for sharing.
That's still a high Apr considering the nature of the market
That's a good rate for a stable coin. I have some Cub tokens in my holdings. I might buy some more, it's a good price now !
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An enlightening post indeed. The Leofinance team has done tremendous work in ensuring the mass adoption and recognition of Hive in the nearest future. Honestly it’s only a matter time ! As long as consistent efforts are being made by the Hive community through engagements and the likes adoption will soon be a thing of the past . Till then let’s keep engaging and staking !
Hi
Despite the fall in value of cub finance token over time, the value of the platform has been increasing and this makes the token pretty useful.
So hopefully the cub tokens would see its pricing getting stronger and better.