Time to shut down the farm - CUB
One of the goals I set for May, cannot be achieved. Even though I placed it vaguely without a number to be reached, I expected to at least take it to the end of the month.
When I decided to put a bLeo / bnb farm at the launch of CUB, I put it around 470 reais, I expected to get at least 50% from cub sales.
In the month of March I did just over 8.5 CUB, when it launched I was producing a lot, but over time it was falling, where April I managed to harvest another 7.5 CUB (already discounted the cubs I changed to pay fees with bnb). We can say that I made something around 16 Cubs that were sold for an average price of 3 dollars a unit.
Thus, with 48 dollars and the real worth 5.5 dollars, we can say that I got 264 reais. The rate of 13% per month is no longer as attractive as others that can be found at the moment.
I know there is a question of believing in the project, and I do. Because I did not remove the 16 Cubs I own. I believe that being a holder of the currency is also a way of believing in the price increase in the future.
I will probably give PowerUp with the bLeo that was on the farm, I am still thinking about where it will be destined. The May goal for Leo is in four days, almost half complete, but there is still a lot of work to do.
Uma das metas que coloquei para o mês de Maio, não poderá ser atingida. Mesmo eu tendo colocado ela de maneira vaga sem um número a ser atingido, eu esperava ao menos levar ela até o fim do mês.
Quando decidi colocar farm de bLeo/bnb no lançamento do CUB, coloquei por volta de 470 reais, eu esperava conseguir pelo menos 50% com as vendas de cub.
No mes de março fiz pouco mais de 8.5 CUB, quando lançou estava produzindo muito, mas com o tempo foi caindo, onde abril consegui colher mais 7.5 CUB (já descontado os cubs q troquei para pagar taxas com bnb). Podemos dizer que fiz algo em torno de 16 Cubs que foram vendidos por um preço médio de 3 dólar a unidade.
Dessa maneira, com 48 dólares e o real valendo 5.5 dolar, podemos dizer que consegui 264 reais. A taxa de 13% ao mês já não é mais tão atrativa quanto outras que podem ser encontradas no momento.
Eu sei que há a questão de se acreditar no projeto, e eu acredito. Pois não retirei os 16 Cubs que possuo. Creio que ser um holder da moeda também é uma forma de acreditar no aumento de preço no futuro.
Provavelmente darei PowerUp com o bLeo que estava no farm, ainda estou pensando sobre qual será o destino dele. A meta de maio para o Leo está em quatro dias, quase metade completa, mas tem muito trabalho pela frente ainda.
DeFi and compounding can still be tricky with CubDeFi when you invest relatively little, because although the fees are much lower than on the Ethereum network (~$0.50 vs. ~$10), it still represents a large portion of your earnings when you've invested less than $100.
My advice to you would be to put any CUB you earn in the CUB den for now, rather than in one of the liquidity pools. Doing so requires only 2 transactions instead of 4+conversion fee :). And I usually only begin swapping when I've gathered at least 10-20 CUB.
Posted Using LeoFinance Beta
@vempromundo I think you should follow the nice advice from @notaboutme
With a very low APR of 0.29% a day, I am not attractive in any amount to invest.
There are other DeFi that are considerably higher in value
When I posted Cub's den was 13% a month and at the moment it's already 9.2%
I never tried holding leo or CUB, as i was involved in the sports first and later i was attracted towards #POB. But in my two three months journey on this platform i discovered that its far more rewarding to be associated with the #POB than other platforms. I met the generous whales like @vempromundo.pob here who provide their valuable votes.
POB without a shadow of a doubt was a gold at the bottom of the ocean that we are taking out of the sea and putting on land
Cub farm attracts me right from the start but I got tired because the YouTube video I watched was not explanatory enough, @marvinix really tried but I was unable to farm.
Every project needs time take your time and see what is best for you.
Let's see how the upcoming updates with the LeoBridge and Kingdoms will impact the price of cub. I still think there needs to be more marketing because a lot of folks haven't heard of Cub.
I did something similar, i just changed all dec into busd (form liquidity dec/busd) or was it bnb? and i just keep the cub in cub pool. keeping the cubs in cub pool long term and forgeting about them is fine, just go once per month and click compound. if CUB goes to 10 or even 50, you still have it there, making more cub with no extra expenses.
I was planning on leaving the cub in its own pool for about 6 months, but I'm not seeing anything satisfactory enough that the price will change in that time, so I'm just HOLD
Yeah I seen this coming from a mile away, there is already a liquidity crisis in the world and I am not sure where people imagine the money coming into that economy from, it was just a bunch of Hive users looking for a quick flip, statistically speaking 10% of them profited.
You have made a valid point @phusionphil
As funny as it might sound,you are actually right...
I made a considerable profit, I expected more for the party they did on the Cub, but for me it was worth it, especially because I put it on Farm bLeo-BNB and I needed to buy some bnb for that and the price at the time was 220 $, 1 / 3 of the 660 $ that is now
"The rate of 13% per month is no longer as attractive as others that can be found at the moment." Cara, seria interessante falar mais sobre, se quiser e puder, vejo muita gente falando coisas nesse sentido, mas pouca informação concreta.
Esse ano várias Defi estão aparecendo, ai sempre consegue encontrar algumas com umas taxas maiores, no momento a panther está fazendo 56% ao mês, enquanto cub continua caindo, e agora está 10% ao mês não mais 13%.
E a diferença é que o preço da CUB também está caindo, no momento estando $1.84 enquanto panther está $3.27 quase o dobro. E assim quando panther cair novamente hora de procurar outra, e se não tiver liquido um pouco em brl e outro tanto trago pro Hive/Pob/Leo
Entendi, bacana, grato pela resposta!!
CUB has been very good to me thus far. I have harvested over 500 CUB (granted, I have a fair bit invested) and reinvested some into bLeo/BNB. I have all of my CUB in the Den right now as I feel $2.50 is the low, and having it in a pool would make me lose CUB which I feel will be going up from here.
Get ready to buy some more, I'm going to take advantage of the drop that Cub is having now
I think you tend to actualise the most when you add enough capital. 13% from $50 might seem insignificant but when compared to $1000, that is a lot of money.
Well whatever you decide is fine really. But i still think a lot is coming to cubdefi...just keep your eyes on the ground
I also think, I will take advantage of this drop that cub gave to 1.80 and buy a little more