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Cub - Benefitting from the early adopter advantage!

avatar of @revisesociology
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Zebedee
@revisesociology
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3 min read

It's been a great 18 hours or so since CubDefi launched yesterday evening (for me, on GMT).

If things keep going the rate they are at the moment (which they won't but it's nice to think about!) I'll be able to pay my mortgage off by May.

I was lucky enough to have a a fair amount of various coins staked already on autofarm and I was able to simply extract most of those for minimum fees and put them straight into the Cub Dens.

I also had some BNB kicking about which I pooled with the few hundred LEO I had liquid and overall it's been a pretty lucrative night.

In fact I made such a quick killing early on that I couldn't resist putting some Cub and BUSB into the crazy 40 times pool.

But TBH it's mainly the stable coin dens I've been focussing on.

Being used to Binance Smart Chain and Pancake Swap was a big help, and swapping to CUB was a no brainer!

I'm glad I got into those a few weeks ago, they've done pretty well for me in that time, but it was a no-brainer yesterday to pull MOST (not all) of my funds out and stake into Cub - I mean I feel much more trusting of a leofi product and it supports Leo of course, with a bleo burn, even if that's only where 20% of the fees go (the other 80% burn Cub).

My strategy for Cub

I've gone mainly for stable coins and BTCB in dens, and also the BNB -Bleo pool and a tiny fraction in that crazy 40 times pool - CUB BUSD.

I'll be adding to the bleo-bnb pool as I get some more liquid lEO too and then harvest cub and do the following:

  • sell 70% for stable coins and add to the pool
  • Keep 30% as cub and put in the DEN

I just sell at whatever price, as I have no idea what the Cub drop ratio is.

I'll review things AS SOON as the drop happens. IF we get thousands of CUB each anything pooled with Cub is getting pulled and sold asap, IF we get a sensible amount, the Cub stays pooled.

My stable coin accumulation dreams coming true

The beauty of Cub for me is that my next crypto move was to stack more stable coins - and this is allowing me to do this rapidly.

Obviously the return rates are going to fall, and I've no idea what's going to happen to the Cub price, but thus far it's been a very rewarding 18 hours or so!

Nice to see a couple of sensible people in the (VERY EXCITED) Discord chat touting the same strategy too.

Living the dream * 2!

Oh and I am actually living the IRL dream (somewhat ironically) too - I'm on my land in Portugal for the very first time today, in the sun and the slight (welcome) breeze, pottering about just tidying things up and making plans for said land and then every now and then logging to check my Cub earnings.

Right, I've got a mountain of tatt to sort out now, it's actually quite handy do keep me from the never ending refresh!

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