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CUB LIFE report - Calling all LBI OG's

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LeoBacked Investments - LBI
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3 min read

Authored by @silverstackeruk

Hello, LBIer's. Today we will look into how our CUB finance holdings are doing and exactly what we have. It's been around 5 weeks since CUB launched and we have a mixed bag of 3 investments to cover 3 different levels of risk. Of course, reward comes with risk but the great thing is everything is still paying out 200%+ ROI's so it's hard to see the risk when we are so far ahead of what we have invested.

What have we invested so far?

  • On launch day we deposited 5000 LEO
  • Over the past 4 weeks, we've deposited a further 2135 LEO
  • We received an airdrop of around 1090 CUB

7135 LEO is our total investment so far, today this would be worth

But it's worth much more because of...well 300%+ yearly ROI's yields being compounded beautifully. We got in early, have a healthy pile of CUB and gained exposure to BNB which has mooned from CUB launched. So today's LBI wallet looks like this.

Source - https://howmuchismylp.com/ - Enter 0x227e79C83065edB8B954848c46ca50b96CB33E16 as MasterChef Address & connect your wallet

So first, we see the wallet is worth $19,640, after we take away the $4880 from the LEO we invested, were $14,760 in the black. Not a bad spot to be in but I feel it will get better as new things are released over the next year. I have picked those 3 investments because they represent 3 levels of reward/reward. I am not done yet and it will take a few months before each investment has the correct amount of capital so that the safest has the most and the riskest has the least.

Least Risk - bLEO/BNB LP This will be the daddy holding of our CUB finance investments as it carries the least risk. Ideally, this LP would always be 50%+ of CUB finances holdings for LBI. Both LEO and BNB have been growing and increasing in value long before CUB was released. The ROI is still amazing at 250% and we know this LP will never be removed, I can't see it anyway.

A little bit of risk - CUB/BNB LP Again, the ROI at 290% with this LP makes it a no brainer for us and I feel better about this LP compared to the CUB/BUSD LP. As CUB is still a new farming token, its price swings could still be violent. Ideally, this LP will worth roughly 30% of our CUB finance holdings.

Most Risk - CUB den CUB is still new and we have no idea where it is headed. Im, sure it'll hit new highs and maybe even new lows during its lifetime. If no updates are ever made to CUB finance, it's not likely the price will increase and it might even decrease. If lots of updates and new use cases for CUB are made it could moon 20-50x. Ideally, this would be 20% of our CUB finance holdings.

What is being done with daily harvests? LBI is harvesting roughly 34.21 CUB every day and at the minute, they are being fed into the 2 LP's with bLEO/BNB taking priority over CUB/BNB. So 34 CUB is worth $125 which is roughly $870 power week at the minute with current rates.

  • 1st - bLEO/BNB LP I have been for the past 4 weeks been converting 50% of weekly LEO earnings into bLEO to grow the bLEO/BNB LP. I convert harvested CUB into BNB to fill other half of the LP until all the bLEO is gone.

  • 2nd - CUB/BNB LP The remaining CUB harvested is invested into this LP, I simply convert half of the CUB harvested into BNB and then add it to the pool.

The rinse and repeat cycle is Sat-Sun.

What's the target? It's hard to say as we have no idea what CUB finance will look like 6 months from now. Kingdoms could be a game-changer, maybe they've up their sleeves they are not talking about publicly yet. Either way, I think aiming for something in the region of $50k would be nice. Of course, the price swings in crypto are crazy but I think when the wallet is worth $50k, we look for something else to invest in. This means doubling up the bLEO/BNB LP and a little more and I understand it's ambitious but I believe we need solid foundations to grow long term. Strong earning foundations will pay off dividends for a lifetime are at least 12 years which is a lifetime in crypto terms. I'd bet as long as LeoFinance is around, CUB finanace will be around so it only makes sense for LBI to go hard.

There you have it, you are now all up to date with LBI's CUB holding, what's being done with harvests and what road we are on. I hope you enjoyed this post and found it informative.

Posted Using LeoFinance Beta