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CubFinance: Jumping into the bHBD/CUB pool

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jfang003
@jfang003
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It's been a while since the last time I did any DeFi investing and I haven't had as much time to go through everything with work taking up most of my time. However, with the release of the new farms in CubFinance, I have decided to throw down my investment from last month and this month to make up for it. CUB and LEO price has recovered somewhat from the news but there is still a lot of CUB out there and I look forward to even more updates to the platform. The farm I invested into is the bHBD/CUB pool and bHBD is a wrapped version of HBD on the Binance Smart Chain.

CUB

No new changes to the roadmap documentation page so I guess most of the news will come from following the leofinance account. We did see some new farms get released.

PolyCUB

PolyCUB recently came out with the VexPolyCUB and changed up their governance system. It's much easier to see the yield governance and MTB wrapping fee. I am still thinking about which ones to vote for but it's much easier than the previous system.

There have been a few changes in the PolyCUB roadmap, and it looks like there has been more progress. Bonding and collateralized lending are still work in progress though.

Where did I invest?

I moved my xPolyCUB over to VexPolyCUB. My amount stked hasn't changed and I do see a difference in the APY between xPolyCUB and vexPolyCUB. However, I haven't noticed anything really change on this despite moving it over like a week ago. Is the ratio between xPC/vexPC suppose to change? I will check back next month.

As I said earlier, I decided to invest into the bHBD/CUB pool this time around. The APR is still high and the amount of liquidity isn't as high yet.

Monthly Add

I sent 401 LEO tokens over to my metamask wallet using the the wLEO bridge. One good thing about this is that the interface got an upgrade and I like the new interface. I like thFrom this swap over, I got 400 bLEO tokens. I swapped 200 bLEO into 15.88 bHBD and the other 200 bLEO into 514 CUB. I also collected 415 CUB from my 2 months' worth of harvest. As I was starting to run low on BNB for transactions, I converted 250 CUB from my harvest into BNB to cover fees in the future. One thing to note is that I did have to add the bHBD token using the contract address: BHBD Contract Address: 0x874966221020d6ac1aed0e2cfad9cbfee0ba713b.

With this, I added my CUB and bHBD into the liquidity pool, enabled the farm and staked my LP into the farm.

I harvested my CUB and I added the remaining 162.9 CUB into my kingdom.

I tried to use howmuchismylp but I was having issues and the masterchef address I used before did not work. So I decided to use debank to see my position. It's much easier. My portfolio 2 months ago is above and the current one is below.
It looks like the value of most things have dropped. bLEO/BNB is the position that held up value the most. The rest dropped as the price of the tokens dropped. The previous image did not include the kingdom value so the total worth between the two platforms will be off.

Please make sure to invest only what you can afford to lose and nothing I said is financial advice. Feel free to leave a comment if you read my post. If you have any questions, feel free to ask and I will do my best to answer.

Posted Using LeoFinance Beta