Swapping over some Non-HIVE holdings | New investment
Hello LBIers, investment update today. It's been a while since I have changed anything around and the APYs we are earning on CUBfinance have been slowly declining over time as more and more CUB is printed and it struggles to hold a price. I have been using a platform for around 5 months personally and had pretty good results.
Whats the Platform?
EMP tokens are pegged to ETH at 4000 EMP to 1 ETH. They have 6 different investment use cases for their token and ETH staking. As with any pegged project, remaining at peg is at the core the most important thing to the longevity of the project. They have an EMP Academy that teaches investors how each different investment works and how to gamify how you compound and cash out. They recently lost peg and it dropped to 0.82 when a whale dropped alot, alot alot of EMP and sucked up liquidity from the pool. It took them 7-8 weeks to recover back to peg, the heavy work of this came from their community which is quite strong and active. The main guy behind it is a fellow HIVER and actually fully doxxed himself to show his commitment and as a stunt I guess.
Im not going to explain how each different investment works as I have got us into 1 farm and I dont wanna be seen as shilling it. Some things are like 1% drops per day and not my cup of tea, I like the farms as the payouts are consistent and we pull our investment at any moment.
Funding So this is funded from the BTC/BNB LP we held on CUBfinance, currently earning 5% in a token that has only been dropping in value since its launch. Not hating on it, it's a farm token and is acting like a farm token. The BTC/BNB LP token was 100% profits from converting CUB over the past year. Everything in farms will stay as is and I've no plans to change any of these as these will be used to rebuild some other kingdom. The total BTC/BNB LP was worth $4900.
EMP/ETH LP and harvests I put the lot into the EMP/ETH LP and then staked it in the farm. It's now earning roughly 80% APY (0.2% per day) and the token harvested is called ESHARE. This token can be staked in another part of the website but I plan to convert harvests into 50/50 UDSC and bHBD and build a stable LP on CUBfinance. Would take 3-5 months but would be nice to build up a stable LP worth at least $1000 and then after that, consider computing down into more EMP/ETH LP for a while.
That is pretty much the update. I have as much faith in this project as I would CUBfinance as in I feel funds are very safe and rug-proof. The team do daily AMAs and or or very community-driven and great salesmen. They come off as very honest and they deliver what they say without delays so their reps are excellent so far. LBI needs something to give it a boast, we're not earning that much on LEOfinanace/HIVE to fund any non-HIVE investments so I need to reallocate to chase better returns with the same are less risk. I think I have done with converting BTC/BNB earning 5% into ETH earning 80% and the hope is we turn our profit (BTC/BNB) into a new cash cow that will help us build a new profit investment (USDC/HBD). Earning profit from profit, compounding at level 7/10.
Have you heard of EMP before, if so, what did you hear, and what is your experience with it?
Posted Using LeoFinance Beta
