Cub Finance - The Lion King birthday party!
Time flies when you're having fun, or when you earn passive income from innovatory DeFi such as Cub Finance. This little lion cub seen the Cryptoverse light one year ago, and what a beautiful journey has been since then. The future will be great, as Leo Finance will launch pLEO (Polygon LEO) simultaneously with the launch of PolyCUB.
It was the start of March 2021 when the youngest DeFi King was born! Cub Finance, from Leo Finance, was announced as the DeFi yield farming platform of the future. It started with "Dens" and "Kingdoms" were added later on. I usually avoid LPs and I was happy to see CUB single staking with 24,477% APY.
The flippin' pancakes time was gone and moved all the $CAKE in the Lion's den! The 4% deposit fee felt like like a fortune, mainly because this was the time I had to pay a deposit fee. I paid 16 $CAKE, approximately $190 at the time, and hoped that the 6.227% APY will not drop to quick.
Whaaaaat! 11,793% APY on stablecoins? Moved all the BUSD from Binance and gladly paid the 4% deposit fee. Was time for some serious DeFi earnings!
Cub DeFi went live at 10 PM and one hour later after my deposits I already farmed 6.2 CUB. The hourly farming was $23.35 which made me relax a bit thinking that in about 9 hours I will farm enough to cover the deposit fees. Every penny after that will be pure profit.
As the $CUB Pool had no deposit fees, I constantly claimed and added the tokens farmed with CAKE and BUSD. I also compounded whenever I had few $CUB tokens in earnings. Took me 3 hours to farm 22.29 $CUB and a half day to reach 66 tokens, already making profit. Long live this fearless cub!
I farmed 90 CUB tokens by midday and I wanted to secure some of the profit. Pulled the "safety net" and sold 50 $CUB to recover the deposit fees and make stress free earning. The token price went as high as $12 and I sold while the price was dropping heavy, only fractions under 7 USD. Converted 50 CUB into 333 BUSD, which covered the 4% fees and assured profit. The price dropped further but I didn't care... I was there for the long game! One year later and I am still HODLing.
Soon... Kindgdoms were added! The Cub Finance Kingdoms auto compounding vaults brought innovation into DeFi, as the assets will be automatically compounded via smart contract. The $CUB price was under $1 already, and the launch of the Kingdoms pump it a bit.
I moved the $CAKE in the Kingdom to earn both $CAKE and $CUB. The farming APR was 86% with 138% $CAKE farming APY and 110% $CUB APR, accumulating at 248.99 APY.
Auto-compounding $CUB was also amazing as my initial deposit of 689 tokens went quickly to 750, then to 1048. On the 1st of September I passed the 1k $CUB milestone, and the APY was still high ... 98%!
If Cub DeFi would have been a drink ... will be an old malt whiskey with dry taste. The Kingdoms would be a strong flammable rum... as the APY are pure fire!
And now ... fast forward one year! I now HODL 2381 $CUB and the stash keeps growing bigger and bigger. Joined farming with 404 $CAKE and now I have 694, 75% growth in one year! Cub DeFi is great! It's all about evolution and constant rewards for the users!
You are not late, as I already mention that CubFinance is here for the long game! You can start earning with BNB-BUSD, at 46.20% APY. In addition to the BNB-BUSD Kingdom, most of the other Kingdoms are actually paired against BNB. This makes BNB the most versatile and utilized assst on CubFinance and there are a number of ways to LP it and earn yield.
Residual Income:
Torum essence - Be part of the future!
DeFi bounty at CakeDeFi with $30 DFI for new users
The fountains: PipeFlare ZCash, GlobalHive ZCash & Get.ZEN
Posted Using LeoFinance Beta
