I never doubted Cubfinance: I trust the process

almost 3 years ago (Edited)

If you're looking for an AMM to pool assets in and mine liquidity rewards, then you should look no further than Cubfinance. It is a project run by the @leofinance team, a solid team with a track record of excellence and consistency.

Cubfinance is my portal into the world of Defi farming and it has been a great experience so far...because I hodl. I initially planned to explore other Defi farms with my earnings from Cub farm but thanks to new developments, I don't think there's any reason to.

As the project evolves, there will really be no reason to go outside the platform for liquidity rewards because with new kingdoms coming through in the coming weeks/months, what will even be your reason to go outside? A fine example is the fact that Auto compunding Cake on Pancakeswap offers a smaller APY than doing the same thing on Cubfinance. This is because you earn Cub on top of the compounding cake in your wallet.

As the system becomes more robust, so will my investment in the platform. At the time of writing, I'm invested in three mining sections. Two are in kingdoms and one in farms. When the Cub-BUSD farm is migrated to Kingdoms, I will also move my LP tokens to the auto compounding farm as well, meaning that my entire operations will be in the kingdoms.

When everything is moved to Kingdoms, I might be earning fewer cubs from my operation but my LP tokens will be compounding as well, and that to me is a victory on its own. I've wanted to increase my LP tokens but I'm stretched financially and don't have any spare to throw into the pool.

The good thing is that my LP tokens have been farming valiantly and continue to provide me with Cubs that I will add to the kingdoms. Also, it is worth noting that auto compounding the farms kind of leads to a reduction in the number of Cubs in circulation and that means a higher value of Cub against BUSD. That invariably means a higher value of my LP tokens.

The price is right

After performing quite badly for a while and dropping to as low as $0.5, the token is now on the rise again and looking very healthy. It is swimming ever closer to the $1 mark and I don't think it will stop there.

@edicted mentioned the $1.76 barrier as a tangible barometer to measure the pressure of Cub in the market. Considering how things have moved in the past couple of days, it is not out of the question to think it possible.

Actually, considering the fact that there's not been any serious marketing outside the Hive community, as well as Twitter, and the Audit hasn't even come through, this price rise is somewhat remarkable. It is a testament to the quality of the product that has attracted 1 million dollars in TVL overnight. I don't think this the end though, so bears and weak hands that dumped should be prepared for more face melting.

Conclusion

I'm in it for the long haul, so short-term variations don't bother me. I held my LP tokens throughout the "crash" and I'll still hold them when things get better. I know some will say that this is a risky approach but I intend to let the path of the Cubfinance project determine my growth in Defi Farming.

What I'm saying in essence is that Cubfinance's evolution from a simple project into an advanced one that will be the home of Billions of dollars worth of locked value will have no choice but to carry me along. I know this because I'm going to be going on the ride with this project and clinging on to its trajectory.

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25 comments

@mistakili 76

almost 3 years ago

The fact that cubdefi is positioning itself to be a one stop shop for everything defi is like the ultimate icing on the cake for me....like imagine Walmart, but for DeFi protocols, that’s cubdefi for me and I’m certainly pleased about that.

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@belemo 78

almost 3 years ago

That is one of the reasons I'm very bullish about the project. There will be no need to go outside to farm. Keep all your value inside and just focus on getting rich ser

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@vimukthi 75

almost 3 years ago

At this point it is stupid not to put your crypto in a Kingdom if you were already going to invest in that asset. I'm currently selling my HIVE and HBD to put them in the CUB Kingdom.

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@belemo 78

almost 3 years ago

It's the right thing to do tbh. My current struggle is converting Hbd to Cub. I wish there was a direct route.

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@vimukthi 75

almost 3 years ago

You can get from HIVE to BNB with https://bscbridge.deathwing.me
It's not much better than the method you are probably already using.

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@sharkleo 46

almost 3 years ago

Wouldn't it just be one more step after converting HBD to Hive? How do you convert Hive to Cub?

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@edystringz 67

almost 3 years ago

Amazing

Cub finance really has to put up with you because you are out to make sure the ride with your cub is an amazing one

I am glad it is gaining momentum after the drop, and your financial speculation about hitting the $1 mark is sure

From there, it will go further, and all the various branches you mentioned will help skyrocket it's influence

Imagine when marketing is done outside hive, and twitter, they will lots of investors strolling in as the potential of cub is will be quite attractive

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@belemo 78

almost 3 years ago

Fingers crossed mate.

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@edystringz 67

almost 3 years ago

100%

👍

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@forexbrokr 75

almost 3 years ago

Yes you did, don't lie haha.

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@belemo 78

almost 3 years ago

Lol I got scared because of the dump( it is a human response) but I never pulled out any investment or doubted the potential. I even took the opportunity to put in more money and grow my farm 😄

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@sharkleo 46

almost 3 years ago

I bought all the way down! Pretty good for dollar cost averaging. I bought some in the very beginning, too, so I need the cheap stuff to even it out.

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@oscarpower55 59

almost 3 years ago

Cub finance will lead that's one thing for sure

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@sharkleo 46

almost 3 years ago

I initially planned to explore other Defi farms with my earnings from Cub farm but thanks to new developments, I don't think there's any reason to.

This was my plan in the very beginning, too. I was going to stake 80% of my Cub and invest the other 20%. Then, 20% of my Cub became worth less and less and it just didn't seem worth it.

What I might do now is turn the Cub I harvest into other assets (like Leo at the moment) since the Kingdom is autocompounding for me.

DEC is another one I like to get, because I'm also working on my Splinterlands collection as an investment.

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@belemo 78

almost 3 years ago

I've been getting some Leo in the process as well. I noticed you're up to 7k ish Leo power.
Are you buying packs or just buying cards?

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@sharkleo 46

almost 3 years ago

I've been doing both. I bought 1000 Untamed packs and got more than I paid worth out of the first 500 and about broke even on the second 500. I bought 300 Dice packs and did awesomely, though. Was up like $600 after I opened them.

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@gungunkrishu.leo 49

almost 3 years ago

Nice strategy dear. One quick question I am in cub-busd pool, will the user need to do anything from thei side for migration. Or will that get migrated to kingdoms automatically. Cheers

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