Moved my CUB from Den to Kingdoms for Auto Compounding | CUB price is improving
Auto compounding is one of the attractive features that Kingdoms give us. If you would like to know more about Kingdoms, you can read this official post to get more details. I'm glad that I have moved my CUB from Den to Kingdoms. The process was pretty simple. I was able to do it in just 4 simple steps. I'm glad that Leofinance is keeping things very simple.
Step 1: Harvest the pending CUB from Den
Step 2: Unstake the CUB from Den
Step 3: Go to Kingdoms and approve the contract
Step 4: Deposit the CUB balance you have
I don't want to go into the details of each step here because there are already guides available and I used a guide from @r1s2g3 to accomplish this task.
Overall it cost me around 1.5$ to do this activity. For approving the CUB contract on Kingdoms alone it charged me around 0.81$. Compared to the gas fees involved in ETH, BSC is far better and I think these small fees shouldn't matter so much considering the long-term benefits.
CUB price is also pumping
Last week and a week before that, the price of CUB was declining and there were so many speculations on the price of CUB and about Leofinance itself. There were also discussions when the CUB price did not improve even after Kingdoms was announced. I know for a fact that this is too early to judge about CUB or the capacity of Leofinance. My idea here is to stick with the team for the long term so that these short-term dips are all just opportunities for me.
I'm glad that the price of CUB has improved in the last few days already. The above chart shows the price decline. I know there were many weak hands who sold their CUB when the price hit extremely low. Today I'm happy to see the price of CUB is close to 1$ with many new investments coming in.
Even though the price of CUB is improving, my overall value is still lower than the initial investment value. I guess it is going to take some more time because my CUB bought price was close to 4$. As I said, I'm going to stay invested for the long term here and these short term ups and downs shouldn't matter so much and luckily if CUB finance gets popular in the DeFi world by bringing a lot more investors, I believe this will year a decent profit to all the investors. Let us all hope it happens soon.
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Posted Using LeoFinance Beta
Good! Welcome to the herd 8D
You also have a good amount staked :D
When the Cake auto-compound came out, I converted all my of Cubs into that Kingdom instead of waiting for the Cub auto-compound, so I have around 200$ (Depending on the price) of Cake sitting there and I will just use the Cubs earned to put into the Kingdoms :D
I didn't have much staked in my den so I decided to just leave it alone but I did decide to take the CUB I generated over the past month or two into my kingdom. I think the auto-compounding is quite nice since I don't have to really pay attention as much.
Posted Using LeoFinance Beta
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This is what I did myself. I will post about it soon.