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Cub's helped me reach 50% of my stable stack target in just one month (3 times faster than I'd hoped!)

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@revisesociology
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My stables stacking strategy is going nicely - only just eight weeks since I started I'm up to 50% of my target already!

This is mainly thanks to Cub (sorry, but what did you expect)! My yield seems to have levelled out at and I'm pretty happy at where it's levelled out at TBH.

I currently harvest once every other day and convert most of that into DAI and BUSD and then pool into that one farm.

I don't sell off all the CUB - I compound everything I earn in the Cub Den and occasionally I'll sell off half and pool in the Cub-BUSD farm and occasionally I'll Den the entire Cub harvest - the later if the Cub price has dipped.

It's not just Cub that's helping me stack stables

I also sold just a little Hive and LEO for stables last week, and today I sold some Rune and AVA - time to take a little profit - and added yet more to that one CUB DAI stable farm - so no worries about impermanent loss.

I've also got some USDT staked with RUNE - but not very much - with that I tend to pool one sided - so I just put in USDT and buy more Rune. It's worked out quite nicely so far.

Future moves to secure my stables...

EITHER when I hit 80% of my stables target OR if the DAI-BUSD return dips below 30%, then I'll sell 40%-50% of my total stables target and go into a stable pool on the ETH network - I want my stables split across networks for security reasons, just in case one or the other gets hacked, but I'm happy to bare the higher risk of keeping the bulk in one farm on the BSC network for now in order to farm the higher return.

I'm still stacking crypto too

Even with this rapid progress into stables, I've still been able to stack more alts in the last month - I've added another 1100 Hive already this month and 100 AVA for example, and I bought some Orn today to.

This is again thanks to wonders of Cub - I'm earning pretty well!

Why am I stacking stables?

It's really just a financial security thing - I've still got $50K on the mortgage and while it's irrational for me to pay it off (as if I'm going to cash in my crypto!) having a mortgage is just a mental-irritation. I really would like to be mortgage free, certainly by 2023 when my interest rate comes off the nice low 3% it currently is and goes up to nearer 5% - I'd like enough in stables to be able to pay a nice whack of it off I need or choose to by the end of 2023.

Ideally, however, I'd rather not sell of any stables - the plan is to stack sufficient so that the APY stables yield meets the annual mortgage payments - now THAT would be nice!

Defi has made stacking stables a lot easier - the fact that I can earn 20 -100% for staking in various dens and farms means I'm happy to stack and stake for this decent return. Even if BTC and alts moon I'm still earning something, and if there is a hard crypto moon the chances are the Defi tokens will follow right along, so my earnings rate should stay relatively high.

And I'm happy enough with my crypto positions as they are - in fact my stables still represent only around 3% of my overall holdings, so it's not as if I'm cashing out that hard!

Posted Using LeoFinance Beta