CUB Finance experiment - month 2
Experiment going on at CUB Finance - https://cubdefi.com/
Let's look at the results of the experiment after the second month now. I collected the numbers, the results are not as good as last month, since the CUB price was way more volatile to downside.
This is also not any sort of investment advice, but just showing, what is possible and what happens in DeFi.
In this update, there's a bit more details than in the last update, for example how much CUB is farmed daily.
Let's start looking at the numbers now. Small % changes since last month in here, pretty much the same.
Started with $500 last month - not adding more during the experiment
I think this sum is perfect for this experiment. You can always calculate the returns for smaller or bigger amounts from this, but the transaction costs start affecting the results more with smaller sums and less with bigger. Added the new farmed CUB every once in a while into the CUB Kingdom and CUB/BUSD farm.
CUB price over the month
Here is the graph of the CUB price itself moving over the month. So started at about $0.672 and ended at $0.507. So CUB price declined about 25% over the month. which is a lot. The good thing is, this meant more CUB farmed as we can look at further below - so when the price should rise maybe in the future, then the profit could be better.
Daily change in % of CUB price. The most volatile days we saw 8.89% down and 7.41% up, and most stable days the price didn't almost even change. The Start and the middle were the most volatile, and the recent week has been the most stable.
Cub farmed daily - small increase over the month
On average 2.57 CUB farmed daily. And the change of $ in the farms thanks to volatility in CUB price.
Farms and Kingdoms - total $ amount change
We are down since last month. And quite a lot actually 34$ - from 552$ to 518$ now. Good news is it's still up form the beginning of the experiment 18$. It's a long term experiment, so we should not be scared from short term volatility.
When we compare now the price movement of the CUB of 25% down since last month and the total $ value - then the total value is down only 7%, which shows, that the farming smooths out the volatility pretty good even with bigger(25% still small in crypto world) down moves over the month.
And finally, the total CUB amount change with the month. As we can see, here is a nice uptrend. From 372 to 466 CUBs in a month. This is a big change. Would like to see also a upwards move in the CUB price now. :) I have seen there are many things coming to CUB finance and also LEO mobile app soon, interesting times - soon.
This experiment is tested on CUB Finance - https://cubdefi.com/
Hope you find this info helpful, will continue the monthly update posts in the future.
Make your dreams come true!
Thank you for your attention :)
Posted Using LeoFinance Beta