Posts

My Two Weeks on CubDeFi, Learning, Gainz and Losses

avatar of @krnel
25
@krnel
·
·
0 views
·
4 min read

It's been a pretty wild ride for me to say the least. After having lost my 12 or so airdropped CUB in transferring from HE to the BSC, @edicted gave me a then-value of $200 of CUB, which was near $6. After staking that somewhere, I think it was the CUB den, and seeing the APR and ROI per day, I went in pretty hard.

Buckle Up

Soon after a week had passed, and I had put in everything I had that wasn't BTC into one or more farms. It was a significant amount. And this was before CUB reached it's bottom of $2. I was a bit hasty thinking things could shift at anytime, thinking it would moon soon. But CUB just kept sliding down.

After it got to $2, I thought it would go sideways or keep doing down. But the dumpers had exhausted their supply to reach that point. CUB soon shot up and has since kept going up for the past week. I wanted to buy in at the $2 bottom, but I had no other alts I could spend to get he cheap CUB. I should have been patient and waited. Oh well, I got to earn some CUB during that time.

The spike upwards was a shocker. I thought it would go sideways for a while when it reached back up to $3. But that didn't last long. It lasted 3 days. Why did I want that? I was in the CUB farms. As CUB went up, it was being sold off. Who wants their CUB to be sold off? No one :D

Losses

In that past week, the CUB I had gained on the way down, along with the CUB I had bought to get into farms, was being sold off. In the past week I lost more than 1/4 of the CUB to the Impermanent Loss (IL) of the farms that can't handle such quick gains in CUB value. My USD value has gone up though. In terms of USD I'm in the green. But I have no doubt lost CUB on the sustained upswing.

But it would have been nice to be in the CUB Den starting at the $2 point. I wouldn't have lost the more than 1/4 of CUB I had, but I would also not have gained as much earnings in APRas an afterthought. Having more CUB in total is better than just earning more APR in a farm. Though the lost CUB doesn't match the gains from farming. Lesson learned.

Being Wrong a Lot

I actually thought CUB was going to be mooning near $3. But I was wrong. Then at $2 I thought the dumpers were going to continue. But I was wrong. They ran out of gas.

Hindsight is 20/20 after all. What I could have and should have done. Things could have turned out much better. But it's not that they turned out bad due to the mooning of CUB. It's just that if CUB hadn't have mooned so quick, I would have more CUB and that's what I wanted. The USD value at this point is good, but I was in it for the long haul and could have waited weeks or months to reach this CUB price.

Today I moved around 2 different times instead of just once. CUB is just booming. What a ride. I started off on a roller coaster with the price going down while strapped in a rocket APR farm. But on the way up it was the opposite. CUB was the rocket, and the APR was the roller coaster I suppose. I didn't shift gears and I paid the price as a result.

USD Gainz

Overall, I have gained 40% on the USD value I have put in at various times. In terms of CUB, I'm not exactly sure. But if I had went into the den at $2, I think I would have not lost the 1/4 extra CUB I had.

I was waiting in the BUSD Farm. Waiting to see if CUB would slow down, or go sideways. But that rocket is too powerful so far. Maybe it's going to slow down soon, maybe not.

BUSD Farm

The BUSD farm was near 598% at some point after I left earlier today. It's near 588% now. It doesn't seem like many people are attracted to it. The farm is like cancer with CUB doing so well :D

The movement on CUB price is just too quick. The IL is strong there. If things calm down I might go back into the BUSD farm. But maybe not. Things move way too fast right now. Be cautious, more than me ;)

It's going to be a hell of a wild ride this year. Mega bull year. Strap in everyone, the rollercoaster rocket is taking off. No matter how much I want CUB to slow down, it doesn't seem like it's going to. Up, up and away!

Posted Using LeoFinance Beta