Crypto Doomsday Prep - Going Full Ape Into CUB
hey frens
Yes, it's a click-baity title I know. I just wanted to share some thoughts and my strategy at this point with the crypto market taking a pretty big dip. Do I think we're in full swing bear market? No. Do I think there is more room to the downside for a lot of cryptocurrencies? Yes. But here one Hive, we have a few different safe-havens that can get us through any kind of market.
PolyCUB
Following the January 6th HIVE/HP snapshot for Ragnarok and SPK Network, they whole crypto market has been down. There are a a lot of reasons you could argue that we're seeing crypto's market cap touching the $2 trillion level down from nearly $3 trillion in December. I'm not here to speculate on what is going to happen or why we might be in a downtrend. I'm here to talk about ways we can hedge ourselves against the downtrend using the Hive/LeoFinance ecosystem. Now that we have all hopefully secured our airdrop snapshots, we need to plan our next moves. Right off the bat, the first thing that comes to mind is... I need to stack up some more CUB because PolyCUB is coming "SoonSoon" according to Khal. PolyCUB is bridging CUB over to the Polygon blockchain and introducing a lot of DeFi 2.0 features such as Protocol Owned Liquidity. It's going to be an explosive launch in my opinion. Wanna learn more about PolyCUB mechanics? There ya go.
How do we make sure that we are going to get our fair share of that pCUB claim drop? We need to have CUB. This can be CUB staked in Kingdoms, CUB-BNB, or CUB-BUSD. If you're in a liquidity pool kingdom, you'll get airdropped based on the CUB-side of the pair. not the whole pair. The best option in my opinion is just to stack up and stake CUB in the Kingdom. CUB is cheap right now, around 29 cents and the APY for the CUB kingdom is around 45%. So are you're securing your max airdrop, you're also earning on top of that in the form of compounding interest. This airdrop will be at a rate of roughly 0.15 pCUB per CUB and snapshots will be taken daily. Instead of just one snapshot, there will be one every day for 60 days to determine your daily drop. This should really help the price of CUB increase and stabilize. There should be less sell pressure on the CUB token with a daily snapshot. I have a feeling a lot of people will be parking some funds there for the entire 60 days to maximize their drop. That's exactly what I'm going to do.
Apes gunna ape. I rely on crypto to pay my bills. I am chasing these airdrops to make sure I'm safe regardless of what the rest of the crypto market is doing. Hive seems to me to be one of the safest places to park your assets at the moment, even if you move into the HBD savings accounts for 12% APY.
What's your plan?
Thanks for reading! Much love.
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