Are You Going Through CUB FOMO? Read This..
If you can relate to the Title of this post, 'YOU ARE NOT ALONE' my Friend. :)) I ensure you by the end of this post, your FOMO will most probably disappear and you will know what to do.
More than 24 Hours ago, all hell (read heaven) broke loose on LeoFinance...
WHY?
The most awaited DeFi Platform, 'CubFinance' was launched. Everyone went crazy to learn how 'all of it' works & what are possibilities of the project. And then started the severe FOMO. Fear of missing out on the opportunity to earn those early CUB Tokens. We all know how much advantageous crypto can be for early movers & investors. And when we all know that a strong team has built a stronger DeFi product, then the FOMO rises as you see highly volatile APR and fluctuating price of CUB Token. It went as high as $11 at some point, maybe even more. At the time of writing this post, this is the price of 1 CUB Token.
FOMO IS BAD
After reading more than 30 posts & the detailed documentation available on the CubFinance website (https://docs.cubdefi.com/), I got very confused. I didn't know where to start or what to do. I even struggled with basic steps like configuring my Metamask Wallet to setup for the BSC and adding BNB Token in the list. After all I am new to all of this and I am sure many of you who are still reading this post, are trying to get into DeFi for the first time. It increased my anxiety even more and I thought I would not be able to make it and lost this opportunity forever. This thinking attitude is BAD >> FOMO is BAD. It makes you underconfident, cloud your decisions and judgement. I stopped all of my important work and started losing my mind over this 'alleged' missed opportunity. After slogging & cursing myself for hours, I came across this post by @taskmaster4450 - Leofinance: Helping To Make People Wealthy. Please make sure to read it yourself. It made me realize that FOMO is just wasting my time and I want to learn each and everything in a single day, while many people have taken years & years to understand how the system works.
I realized two more things through the little interaction we had on his post:
- I need to stop thinking and start acting. Ask the right questions and take help from wherever I can. People who have spent more time on LeoFinance than me, should be able to get their questions answered easily.
- I need to invest in Projects who are using their Investment POOLs to get into CubFinance. PROBLEM SOLVED!
I slept like a baby after the great epiphany.
STOP CRIBBING, START ACTING
When I woke up today, I had the chance to read another great post by @jongolson: My 24 Hour Journey In DeFi & CubFinance... After reading it in full and going through the comment section, I had some more happy realizations that could help to release the FOMO pressure from your heads:
- Learning is a process so don't hurry or skip steps. Take time to understand & figure out how all of this will work. You will not miss anything and this is one of the many opportunities LeoFinance has to offer.
- It's worth it. If you understand the system now and have enough patience, you will be ready to grab the NEXT Opportunity. Because it is around the corner!!! Don't spoil the near future because of the hardships of the present.
LET ME FIX YOU
If you have made it this far and feel you are motivated enough not to call it quits just yet, you my friend is in for a treat. I am compiling my favorite resources which you can read/watch to understand CubFinance a little better. You can choose to go through them in the order they are mentioned, it's helpful that way but you can also choose to go random:
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Newbie Guide To CUB Finance with bLEO & BNB by @bitcoinflood. This is a very basic guide that will get you started and help you earn your first CUB Tokens through bLEO & BNB Token.
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What are Farms and Dens? by @flauwy. The simplest explanation of Farms & Dens in detail.
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How To Invest In CubFinance by @andrewmusic. Advance level, step by step tutorial from Metamask Wallet Setup to Investing in Farms & Dens. This has a lot of screenshots to help you figure out each step.
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How To Transfer Your Leo Tokens To Trust Wallet as bLeo & Participate in Yield Farming by @jaraumoses. How To Yield Farm in CubFinance using TrustWallet
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CubFinance: Video Tutorial on Swapping Coin, Adding Liquidity and Staking by @scaredycatguide. The only video tutorial I could find so far and a very helpful one.
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Cub Finance Airdrop Info! - What does Cub Finance mean for Leo Finance Users? by @schubes. Important Information about the Airdrop
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https://docs.cubdefi.com/ by @leofinance Team. Ideally everyone should go through this one first. It's a great set of documentation but personally I find users' experiences more helpful than the official guide itself.
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Apart from all of the above resources, I will suggest all of you to go through the comment section of the above posts. The real golden info lies there. Most of the times, the problem that is bothering you has a solution listed in the comment section.
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Also, use comment sections & discord channels to ask questions. That's the best way to engage with the community and increase your knowledge.
HOPE THIS HELPS!
Posted Using LeoFinance Beta