Holding that Cub, and holding that LEO

I was fortunate to benefit from a pretty large Cub drop given my nearly 40K LEO stake, and doubly fortunate to have got into some of those crazy Cub pools early with some bleo/ BNB and stables - so I've picked up quite a nice chunk of the token.

And you know what: I'm holding and pooling most of it - I feel like CubDefi has an advantage in this whole Binance Smart Chain Defi space because it's 'merely' an offshoot of Leo, which is itself on an entirely separate chain (namely 'Hive').

The branding also works perfectly in this space, and makes absolute sense given the wider LEO brand - I just love the cute lion-cub - but unlike other Defi Platforms with their cutesy themes (like Pancake and Goose) CubFi is actually linked to an already working project - Leofinance.

AND of course there's the (indirect) bridge onto Ethereum with WLEO, which I don't think any other Binance project has.

At time of writing I'm also encouraged at how well the Cub price is holding up given the current fearsome print rate, and I can't see the price falling once the print rate drops, even though that will reduce the percentage returns in the pools: even once it drops to 1 per block rather than 3 - the returns are so high, that alone would still leave very respectable APYs.

I'm not sure how the 4% fee (high deposit fees) and burn model will work going forwards, but I'm willing to keep my coins staked and see how it goes!

Also holding LEO

Given that CUB is 'merely' part of the wider LEO ecosystem I'm going to hazard a guess that they'll be more bleo pools opening up in the future AND that these will be boosted more than other pools in order to encourage holding of the mother token, so I'm not inclined to sell more LEO than I need to, only enough swapped into BNB to increase my stake in that BNB-bLEO pool.

The price says it all!

Cub-Leo synergy and balance

Going forwards I think the fact that the LEO team now have TWO tokens to manipulate is going to be great for upward price momentum, or at the very least price stability - IF the worst comes to the worst and one crashes, just tweak an element of other to hold the price!

Swapping out some for Stables without really swapping

I'm not holding everything - but MOST - i am swapping out some for stables, namely CUB swapped for BUSD and then back into that crazy pool - which then makes more CUB, so it hardly even feels like swapping out!

Final Thoughts

A big thanks to the LEO team for making this a very lucrative week, and that's just so far!

Posted Using LeoFinance ^Beta