We're The Bankers Now

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It's been 5 weeks since since CUB DeFi launched and some of us, quite a few actually are participating twice in it. Once as individuals, investing our savings the best way we can and once again throughout LBI, thanks to @silverstackeruk, who's the initiator and the mastermind behind LBI.

I've been waiting for a report to see how our funds are doing and the report came yesterday, abundant in details.

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This is out wallet reflecting what we hold the time of writing (LBI post writing, not mine) in CUB DeFi.

LBI had the advantage of investing the day CUB DeFi was launched and benefited from those crazy APRs. Holding a lot of LEO also benefited us as we got a considerable airdrop, 1090 CUB to be precise. The best thing about it is that all the earnings are reinvested to earn more. The more time passes, the more we earn obviously, this is a no brainer.

Our wallet is looking good already and what is even better, we got a detailed report with not only how things stand, but with an explanation about how @silverstackeruk (SSUK) sees the situation, how and why he chose to invest our funds, plus some thoughts about future plans.

I can't stop thinking of how this opportunity can be compared to what we get using a bank.

When LBI started, SSUK presented how things would work in a post and launched the project. He's been known for running the SPI which is based on HIVE, so quite many knew the success of the project. Those who didn't know him or the SPI project, had the possibility to check the results and decide whether they'd like to invest or not.

The initial plan was authored by SSUK but if you have been following the account, you know we have a voting system and most of the decisions are made by shareholders. Not long ago we were asked to bring investment projects to the community's attention to diversify our investment portfolio. What I'm trying to say here is that the investors have a say in what is done and how.

Look at what banks do these days. Their offers are available on their website, it's pretty much the same for everyone, unless you're a billionaire to be able to negotiate with them. You can have a face-to-face with them, trying to suggest investment opportunities as they are not open to any suggestions. Take it or leave it, that's pretty much how they operate. Lately with the negative interest rates it looks more like you're paying them to thrive, while you're losing.

We have to mention future airdrops as well, which you don't get when using banks' services. We already got the CUB airdrop and another one is announced. Project Blank is delayed but it's going to come with an airdrop that will benefit us again. The airdrop can be put to good use, to generate more revenue.

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DeFi mainly became popular due to the fact that it offers you control over your assets. Its aim is to create a financial system that is available to everyone and anyone can use, while at the same time mostly excluding central authority out of it. Blockchain allows everyone to verify and check a transaction that occurs, therefore eliminating the need for 3rd parties. source

As I said in the title of my post, we're the bankers now, which is good as we're no longer depending on giants that can do whatever they want with our account and funds. However, everything comes at a cost.

Being your ow banker is not without risk. You make the decisions and you suffer the consequences as well. You can only blame yourself for failing, you can't blame banks anymore. Thus, understanding how things work is crucial.

LeoFinance gives you plenty of opportunities to learn and practice as well. Having a community where you can share your experience and read about other users' experience it a huge advantage.

@eddie-earner also has a saving program that teaches you how to save. If you want to play safe, you can look into it and use the program for fiat and crypto as well.

Waiting for wealth to come to you while doing nothing is the fastest road to nowhere. Learning, being active and working for your future on the other hand pays off. Just my two cents.


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23 comments
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Wow you really did take your time to explain all these to us and it's awesome.

It's a good news and I'm glad to hear this is happening, all the best as we continue to grow.

Thanks for sharing this article with us.

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Wow you are doing great! I only started with a small amount I could risk.
I think it is working, lol good job! You are rocking CUB DEFI


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Judging from your reply I suspect you haven't read my post. That is not my wallet, it's LBI's wallet.

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I did @erikah but I commented and clicked through and read the LBI report you referenced, which I appreciate btw. Just trying to leave a message of support for you and @silverstackeruk ! You must be doing great too, I received about 1 CUB in the drop but I still feel lucky to have had good timing and was able to participate even as a small liquidity provider. I am not familiar with your past posts but I am glad I came across this today, and I'm following now so I can read more. This information does make me feel better about my CubDefi position.

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Then it's my bad.

I'm glad my post helped you, basically that is the point of community here. Grow together, that's what we're doing here.

I'm still a very small fish here, compared to big 🐳 s though.

Anyway, keep an eye on LBI as it worth it.

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Thank you for your engagement on this post, you have recieved ENGAGE tokens.

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I’ve been eying the LBI project lately, and am considering getting involved. Just need to do more of a deep dive and explore it further. Has anyone made a video that talks about LBI I wonder?

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Not that I know of.

You may want to speed up your research as LBI shares are going to be hardcapped on the 7th of May.

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Ok, good to know. I have a deadline.

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Yes, indeed. After the hardcap, LBI will be available only on the secondary market, at whatever price the market decide.

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I think it's amazingly impressive how well LBI has done, and let us not forget that this is not a very old project!

And it certainly is very fortunate that the root of LBI is centered around a token that has already yielded one airdrop, with another one in the pipeline.

It's very important to know what you're doing when you function as your own bank and investment broker. I tend to be pretty conservative in that sense, and only put what little I have into projects and tokens I understand and have at least a working knowledge of.

=^..^=

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I agree, LBI is a young project but it's based on an old one, very successful by the way, so it has a past.

Investing is not hard, investing successfully is a totally different matter and not an easy one. It's good to know what you're getting into before you do as after may be too late.

Thanks for stopping by and good luck in the future 😊

!ENGAGE 30

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i read a post some time ago about keeping saving money in your account and I find things like this outdated. given my knowledge and what I am exposures to, I cannot leave my money inactive.

crypto has given us the unique opportunity to own our things--either be it data or money. And most people are making the best out of that situation. Yes, it those pose some right but the opportunities are endless.

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This is a free world. Or at least some of us are free to do what we think it's best for us. We make our choices and wear the consequences, whatever those are, good or bad.

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Yep Like the LBI report and we are indeed
the bankers. Banks will still exist for those
who scare to take the leap of faith into crypto.
With proper discipline, everyone becomes somehow
a semi-advisor and look for the best interest
out there.
$5 trillion valuation crypto will be a giant among gold, forex and all the stocks
market out here.

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Banks will still exist for those
who scare to take the leap of faith into crypto.

Let's not forget that banks are not only for individuals. Business are forced to use banks by law, till the law says otherwise.

But yes, individuals have many choices to choose from and it depends on each of us what choice we make.

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Awesome post my man. Getting the word out is what's it all about 😁. That report went down a treat and alot of token holders liked it so I'll make a regular post every 2-3 weeks to keep everyone in the loop.

CUB LIFE!!!

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It is essential to write these posts as apart from informing shareholders, you can also educate many. Those who are used to cash our and spend every penny may have a chance to change their mind and start saving, investing. Crypto itself is saving but quite many don't yet see it that way! Keep it up, your work is highly appreciate it :)

!ENGAGE 20

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