DeFi - Week 3

A quick update on my DeFi journey, currently running on Quickswap and Cubdefi.

Firstly let me look at Quickswap, where I put everything into the VOLT-MATIC farm.

Looks like I lost a little more to impermanent loss. I have a feeling my capital is slowly leaking away and the dQUICK is not covering the loss. Either way this week I will let it ride and just withdraw my dQUICK and let it sit in the pool for a week.

Time to check the other farm on Cubdefi

As this is on the BSC chain there is a handy app I can use to check the dollar value of my LP without withdrawing it.

My dollar value is actually up a little here, although I suspect my BNB value is down. I am going to stick with this farm though as long as the airdrop is ongoing as I am farming 2 different tokens.

I have earned another 16.4 CUB on Cubdefi this week, I will leave this to collect next week to save on some fees.

I have also earned another 5.96 POLYCUB from the airdrop and I have claimed this and added to the xPOLYCUB farm.

I will be very interested to see the results of this experiment when the airdop ends I will withdraw all from farms and see whether I have gained or lost and would I have been better just staking my tokens rather than investing in DeFi?

Right now I am unsure how I am doing and finding it very hard to track without withdrawing everything to check.

I do know that CUB and POLYCUB are losing value despite the rest of the market gaining and I have a feeling I am probably showing an overall loss.

Tune in next week to see how things go.

Posted Using LeoFinance ^Beta