Cub Hits Huge Milestone

avatar

t1.png

1,411,509 / $2.600 = 542,888 CUB

t1.png

49% of all CUB is in the Den.

Yep, hodlers gonna hold.

cubfaucetliquidity.jpg

Market cap is still stuck in this $2.8M-$3M band, but price is largely bottomed out due to extremely reduced yield. It will take 5 weeks for the number of coins in the pool to double now.

t1.png

Even after massive reductions in yield and CUB token price, APR on the main farm is still above 500%. That's pretty legendary. That's a huge honeypot for users outside the network to ape in if we can show that the price of CUB has bottomed.

More than HALF of the DENS have a higher APR than the CUB DEN. This is insanely bullish, and lures many other farmers on the BSC network to our farm if we can keep the pace. Judging by the speed at which LEO moves that should be no problem.

If this $2.50 level is the bottom I would find that extremely bullish, as it's only a matter of time before the market cap starts going up and we experience of snowball affect in terms of APR.

When APR stays high we are luring outside money into farming the network. A 500% APR means anyone farming the main pool needs to buy some CUB. So many users being in the Den makes all the other APRs higher, again drawing outside money into the platform.

Even if the price crashes more, it's going to be pretty easy to defend the $2 level. Like comically so. Like I said I'm getting major Uniswap vibes and $2 was the low there as well. Then it shot up to $30 months later. #winning

The ERC20 >> LEO << BEP20 bridge will be up soon.

Just getting the audits out there and building the bridge is a small step in the right direction as far as reputation goes. Looking forward to the leasing dapp as well. These things take time; just need to ride the market a bit longer until developments pick up. This is a time-in-the-market game. No need to speculate further than that.

Conclusion

Hive/LEO community strong. CUB APRs are high due to so many diamond hands and supply is about to run out.

Posted Using LeoFinance Beta

cub leo palnet leofinance
0
0
0.000
45 comments
avatar

I'm gonna be HODL for a long time so I figured BUSD was the right play for this. Should earn me the most amount of CUB which I can either sell at some point or just shove into the den more more BUSD

0
0
0.000
Reply
avatar

The supply isn't going to run out in the near future. But the more of it gets gobbled up by the buyback & burns the better chance it has to stabilize at a reasonable level. With the inflation being as high as it is, if the price went nowhere from $2.6 the market cap would still have to rise rapidly, which it very well could thanks to sinks like the Bridge.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

The supply isn't going to run out in the near future.

I think unlimited means it won't run out in the far future either.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Bitcoin had the exact same inflation schedule CUB has now for 4 entire years: static linear flow. The thing about Bitcoin is that 100% of the inflation is used to secure the network: whereas on CUB 100% of the inflation is returned to the farmers. This creates an immediate price snowball of increasing returns during bull markets.

Bitcoin was able to spike from $0.01 to $20 before the first halving event.
How high would it have gone if it was the stake holders that mined it?
Bitcoin pays a high price for maximum security.
On CUB all that money is recycled back to the stakeholders.

snowball.jpg

Bitcoin also has no burn mechanics or really any ability to change.
Just a boring anchor on the crypto vessel.

0
0
0.000
Reply
avatar

My brain doesn't understand farms so I'm just going to stay in the den. I have 220 cub so Im ok with that. (for now)

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

The easiest step for me is to convert half of the farmed den into BUSD, stake them as LP tokens and farm more den irrespective of the price. Easy.

0
0
0.000
Reply
avatar

I have been enjoying your updates, they help keep me in the loop as things are changing fast. Thanks

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Bridge leo, hive, bsc and eth hope soon gas fee matters for me to invest small eth

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

I am one of these ! But tbh there are only 3 places where we can put them haha 😆. And even if you want to sell later you should put them here until you do.

But still bullish. I would love some people to quit the Den as I would have more APY xD

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Little hiccup with metamask this morning
#cub is always strong. Holding is who we are.
#Hive is having fun itself in the exchange.
Glad to watch how high it wants to go.

!BEER

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

I'm only in the cub den with my 70 tokens, what you have is an eyesore, I'm not in a hurry for its price to stay at $ 2

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Hi is it good time to provide liquidity in cub usd pair now?

0
0
0.000
Reply
avatar

I would say it's always a good time to do that.

0
0
0.000
Reply
avatar

Your post is reblogged and upvoted by me. It is a good post. Thank you @edicted

0
0
0.000
Reply
avatar

I've been snowballing but i'm thinking - would it be better for the cub system if the diamond hands were in the pools instead of the dens?

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

That's possible, but it's hard to incentivize outside users to buy in if the APR on the farms is low. This is a pretty good outcome. At the end of the day we can't control the free-market so speculating might not matter much.

0
0
0.000
Reply
avatar

Thank you for reminding me that my investment was a wise one. I am also on the Dec pool too.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Thanks for encouraging post! Question: if CUB doesn't have a limited supply, doesn't it go against the rule LIMITED SUPPLY-LIMITLESS DEMAND (which is one of the most important rules for cryptocurrency to be successful)?

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Which is one of the most important rules for cryptocurrency to be successful

I think the opposite. I believe that networks that do not manage inflation well will forever be volatile and difficult to stabilize. The only way to create a good currency is to stabilize the value of tokens with proper management of the inflation rate. Any token with a supply cap can't accomplish this by design.

Inflation has been thought of as a bad thing for quite a while now, but eliminating inflation is not important: all that matters is who controls the inflation. With crypto: stakeholders control the inflation, so comparing that to a central bank is impossible.

0
0
0.000
Reply
avatar

Yes, it's crucial that stakeholders have more control in crypto but wouldn't we eventually run out of investors if the coin just keeps inflating indefinitely?

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

We don't need investors we need to build value from within.
This is a brand new economy.
Investors can only go so far.

0
0
0.000
Reply
avatar

Personally, I think the audits are going to be a HUGE plus to the outside world. The devs keep doing things the right way. The rewards are coming.... Seriously, it's been a grand total of 2 whole weeks that the Cub token has existed. It's amazing how long two weeks feels in here. When you get out into the real world, it goes by in a flash.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

i lost 90 leo yesterday while trying to wrap it to BSC. I have a msg from Bleo saying contact support as something went wrong. Does anyone know how to contact support? thanks

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Even after massive reductions in yield and CUB token price, APR on the main farm is still above 500%.

The thing is that as the price is continually dropping you're losing money in a CUB pool faster than you're making money so it's unfortunately a net negative right now. I'm in it for the long haul like many of you, but I don't think the bridge is going to do much. It's certainly a nice tool to have, but I don't see the volumes being high enough for the fees to be meaningful in terms of propping up the CUB price. Would love to be proven wrong here.

Looking forward to seeing what they will do to drive value to CUB, but I'm not assuming that just because they have done a fantastic job with LEO that the same will happen with CUB - they are very different beasts. Also I don't think the Uniswap comparison really makes sense. Uniswap is a defi leader and game-changing application that generates huge amount of fees from providing a very useful service.

Not trying to be a downer, just trying to look at the situation objectively. Either way, like I said I have a very large position in the CUB-BUSD pool and I plan to keep it there because I want to support LeoFinance and I am still very bullish and excited about the LEO token and project blank, which I can't wait to use.

0
0
0.000
Reply
avatar

The thing is that as the price is continually dropping you're losing money in a CUB pool faster than you're making money so it's unfortunately a net negative right now. I'm in it for the long haul like many of you, but I don't think the bridge is going to do much. It's certainly a nice tool to have, but I don't see the volumes being high enough for the fees to be meaningful in terms of propping up the CUB price. Would love to be proven wrong here.

@yabapmatt that is a great observation from you sir.....

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Sweet analysis. But an ass I am to jump up and do the harvesting stuff at when CUB was at 4$ you know(: ...never mind

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

All my Cub rewards from staking the LP tokens goes directly to the Den. I know it will be worth it very soon

Posted Using LeoFinance Beta

0
0
0.000
Reply