It has been some time since my last article on CubFinance. I wanted to write more about this amazing project that finally got me into DeFi investing with affordable fees and a sort of a first mover advantage in terms of the pools and extremely high initial inflation. I think @khaleelkazi and the rest of the traders invovled with the developemnt of @leofinance showed their understanding of cryptocurrency tokenmoics by creating such a great that is very biased towards those who deserve to earn these rewards the most.

Now we have come to my 3rd article on CubFinance it is with great happiness that I let you know that CUB prices have crashed! This is another once of those chances like the crash in wLEO price after it almost touched $1. It didn't take more than few weeks for the prices to reach new ATH.

I believe we are going to be seeing the same kind of beautiful price action with CUB. Based on the history and fundamentals, it is just inevitable.

The Current State

The CUB price crashed a close to a 10% while I was working on this article. I see that Total Value Locked (TVL) is down by about 3 million USD and the marketcap of the project is less than 2/3 of the glory days. The circulating supply is very close to being 3 times of where it started. I think all these things are great for the short term and if you don't believe that; please sell your CUB. I want the price to crash and burn and have the weak hands gone out of the system.

Have Some Perspective

Below are DeFi projects ranked by https://defipulse.com based on the value locked in them. CubFinance as an unkown project that just launched with a Twitter account with few thousand followers and almost no major social media coverage is still close to being in the top 2/3 of all DeFi projects. All of this has been accomplished while having no real marketing budget and we just merely started.

Ditching My BNB

This was the quickest way to load up some CUB during this beautiful fire sale. I saw @krnel havign a great time with these crash and burns and going full BTFD. Personally I lack liquidity to do much. But I am going to do the little I can.

I'm Putting Them in The Den

When I started out my DeFi journey, the APR I was getting was phenomenol. Here is a screenshot from those ancient days:

ROI With Compounding Interest

This is another not so great thing to for me to see. I would love to enjoy the early bonuses last long. But then there is the fact from https://www.bankrate.com that the national average interest rate for savings accounts is 0.07% by February 24th, 2021.

You would find it very difficult to find agood ETF that can give you more than 10% in a year and those will be called "risky". I have not looked into what assets these ETFs invest into. What I do know is that I can put my faith in @leofinance and it's inevitable success. Which is why I'm locking these tokens up:

Did You Notice The Trick?

Take a look at the Max CUB available
Take a look at the amount of CUB I'm putting into the Den
Find out which special number this difference is

The thing is you can stake and compound unharvested cub at the same time. All I had to do was click on "Max" and then add the amount of unharvested CUB I had in the Den . . . and it didn't work. After I reduced 0.001 CUB, it worked perfectly. I have not tried this with other Dens or regarding unharvested CUB from farms. If you have any experience, please share them in the comments.

I have also been manually lowering the "GAS Limit" in order to see if I can keep my costs low.

What I Now Need is Cheap LEO To bLEO

Can you notice that 6.076 LEO? I want to have that on Binance Smart Chan and buy myself even more CUB while this spectacular crash is happening. But I have to pay 1 LEO for the privilege. Even if I had 10 LEO; it would be a 10% fee. Take a look at the price of LEO:

I would love to see a cheaper option where I can move my assets. Small things add up when it comes to small accounts and those things that add up matters to these accounts. There is power in numbers and attracting small time investors to CubFinance would be a great way to expand the LEO ecosystem.

After all, whales would be happy to pay the fees wherever they go since they would barely feel it. But there are countries where a day's earnings don't exceed $1. Cryptocurrency needs to be a lot cheaper if it wants to change the lives of these individuals. Being an alternative to traditional banking system is NOT enough. We need to kill it!

Posted Using LeoFinance ^Beta

Everything About CubFinance is Falling Apart and I'm Loving It + Analyzing Interest Rates + Tricks to Save on GAS Fees