Decided to givbe it a try and staked CUB-BNB
The title says it all. i decided to stake the airdropped CUB tokens in to a CUB-BNB.
First time
To be honest this whole process took some time because i am a first timer to lots of those things.
I am a first timer to the the BNB Token
I am a first timer to the CUB Farming (like probably most of us because its still early.)
I am a first timer to the BSC Chain and its wallet.
I am already in to DeFi like i already recommended you the Cake DFI service i am investing mostly. Read the Blogpost here
I had some wrong trials to figure out how it really works. But now those CUB's are staked and i bought a small amount of BNB to add to this liquidity pool.
Investment
I'll bet the combination of the juicy APY of CUB Finance and the investment of BNB (its a small investment.) will turn out to be a good choice.
Working
The best part is that the pool is already working as i am writing this post!!
This is the future of finance! no waiting for transactions and bank workdays. No, it works instantly!!
Here we go: what i earned while i am writing this post!
Read more about CUB Finance
Read more about how to and why to here
One of the awesome things compared to other DEFI projects running on ETH are the low fees! i mean check out the BSC Scanner, we are really talking about pennies here :)
DeFi Economy
Besides the personal aspects and chances to earn DeFi is a whole new economy evolving. Basically whatever a bank or institutional service offers you, a DeFi service will cover it in the future. This is why this market is so promising. Cake even plans to offer Stocks and commodities in the future. What are you waiting for? get on the train!
Disclaimer
This is no financial advice. Everything written is my opinion only and you should do your own research. Investing in Bitcoin and other cryptos, lending, DeFi, liquidity mining are high risk investments. You could lose everything, only invest what you can afford.
Bear in mind that some of the links in this post are affiliate links and if you go through them to make a purchase I will earn a commission. Keep in mind that I link these companies and their products because of their quality and not because of the commission I receive from your purchases. The decision is yours, and whether or not you decide to buy something is completely up to you.
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Posted Using LeoFinance Beta
I have staked some also
It is an interesting experience
Posted Using LeoFinance Beta
Cool i mean we got this airdropped for free so it would be a wasted opportunity! do you plan to buy more CUB or go with what you've received?
Posted Using LeoFinance Beta
https://twitter.com/perfspots/status/1370371095233187841
thanks for declaring!
Posted Using LeoFinance Beta
This was my first DeFi experience it’s not that bad once you get it figured out. There was a bit of learning curve that kept my out of uniswap and I would not let that happen with bleo/cub.
Posted Using LeoFinance Beta
I've also never used uniswap but the high fees scared me anyways. this is smooth sailing fees
Posted Using LeoFinance Beta
Exactly that’s why I stayed away missed out on the AirDrop… Not
This was my first participation in DeFi too and the docs by CUB team made it very smooth to get involved. I didn't have any problems in figuring out stuff.
Posted Using LeoFinance Beta
I was lready involved in DeFi with cake defi for my bitcoins but this is the first time im using DeFi on the binance smart chain! really interesting
Posted Using LeoFinance Beta
Oh okay then you already have experience with this . What would you suggest me regarding farming and den staking ?
How often should I compound / harvest?
Posted Using LeoFinance Beta
Stake and farm in the currency you trust the most and harvest as often as you can in the early days now that the interests are high. you will profit from the compounding interest when harvest often.
only my opinion, hope it helps.
Posted Using LeoFinance Beta
Now checking it against my database of known compromised or unsafe domains.. you'll see another reply if it's in there. If not, it's likely safe to open.
For more information about risks involved in shortened URLs, read this article by Forbes.
This auto-reply (on posts) is throttled 1/10 to reduce spam but if it still bothers you reply "OFF FURL" (I'll still check previews against my database). In alternative reply REVIEW for manual review and whitelisting.
thanks for declaring i only use trusted links :)
Posted Using LeoFinance Beta
Nice! I'm in the same boat, this process was new to me as well and took me a long time. I got some staked though and also wrapped some LEO to bLEO and traded that for more CUB! :D
I must say I have some reservations about how high the return is right now, that whole "to good to be true" thing comes to mind. Like you said though, don't want to waste this opportunity.
Posted Using LeoFinance Beta
I only invested with the CUB airdropped but might buy some with bLeo as well. absolutely i wonder how sustainable those high APY rates are.
Posted Using LeoFinance Beta
Well, good luck to us all :)
Posted Using LeoFinance Beta
word!
I'll test how much I have some liquid cub in the cub-bnb pair :)
Posted Using LeoFinance Beta
It increases instantly :)
Posted Using LeoFinance Beta