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Don't Forget About CUBDeFi
It feels like a lot of the pressure and focus right now is on the newest release of PolyCub many new moving parts are currently being added into the platform and as such it has a lot of people talking.
The introduction of pHBD just two weeks ago introduced the first ever decetralized stablecoin to DeFi and from there we saw the recent introduction of pHIVE which is the introduction of the core resource token for the hive blockchain into defi.
You can check out my pervious articles about this at...
Why pHIVE is monumental for HIVE
and
Stable Coins In DeFi a New Addition pHBD
We have already seen the positive impact of this on Hive in terms of providing more liquidity to the Hive ecosystem but it's still rather low. Of course it has potential of growing over time but it's simply not moving fast enough. I give it another month or two at current rates before we really start seeing a big impact of it and more liquidity flowing in and out of Hive.
All of this currently is done for the most part through PolyCub however these systems after being tested on PolyCub should most likely find their way over to CubDeFi which currently feels like an after thought to many people.
CubDeFi is also hitting a few minor issues as of late. One of them being the update to Pancake Swap changing their staking pools for CAKE to a locked period. This has caused the APR in kingdoms to drop off and unsure of future plans for it. What this has caused however is a pretty decent gap of what use to burn CUB in terms of fees.
As it stands right now CUB at least in my opinion is not stable. It continues to print far more tokens then are used and burned by the platform and the demand for it has become nearly non existent.
Now sure that has dropped the price of CUB to record lows and it's very possible it could drop a little more. However at $0.065 right now at least to me that is very little to invest and risk compared to what potentially might be coming down the pineline.
Since many of these pHBD, pHIVE and more coming soon are proving to be effective platforms to add into PolyCub there's no reason why those wouldn't be incorporated into CUBDeFi. This will start providing more value to the CUB token again and since a majority of people are on Binance over Polygon for DeFi and a majority of people on CubDeFi and PolyCub are from the Hive ecosystem it makes sense that we would at least see some type of price action.
CUB is also the token to hold if you are looking for future air drops. Most likely other DeFi platfroms will be launched from the LeoFinance team on other blockchains such as Avada, Solana and maybe Terra. All of these platforms would interconnect with each other via a bridge and earn revenues from the transactions that take place between the wrapping and unwrapping of the tokens to different blockchains and the swap fees that are created.
As for me this is ground floor action on what could potentially become a massive ecosystem if it's done quickly and efficiently. I see that being possible as lessons learned from on defi project to the next will be faster and easier to incorporate over to the others.
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Yeah with CUB touching prices around 6 cents, it's starting to look hard to not buy.
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Indeed! But it can get lower it seems haha 😂
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It almost seems foolish not to throw some extra funds at it for these prices.
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Yep, just seems irresponsible.
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Introduction to pHBD will make HBD to be trading by people.
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It would be nice to see Cub get some love back, it's kind of sad how everyone keeps jumping around and letting the older projects get forgotten.
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Indeed! The thing is that the autoCub burn with fees was almost never automatic and it seems sometimes we miss a lot of burn 🔥 tokens. This does not help for future confidence.
Last time I checked it also seemed a lot of kingdoms didn’t show any APR. let’s hope this will be fixed soon.
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After completing all the action plans in the pCUB roadmap, I also hope Khal's team to focus to fix the issue on CUB and copy the good things from pocyCUB to CUBdefi
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It is for sure I've only put crypto into it since launch trying to build up a passive income through it. It's paid off decently with the PolyCub airdrop and I kind of expect more. I also feel like the team will start implementing things to start turning it around soon.
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Yea I am feeling kind of sad about CUB but I guess the airdrops to other platforms could also be another hope. While I hope for them to move the features over to CUB, I think it will be a long while before that happens.
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The current price of CUB is tempting me to buy especially with the planned developments.
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CUB is in a shape where you want to run. Where are you going anyway?
I am already there and I am waiting for CUB to roar back to previous highs.
I do not know when but it has to.
BNB is a lot more easier than Matic so I know it will come back stronger than ever.
!BEER
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Agreed there's a lot more defi activity in BNB then there is Matic so there's a larger potential for liquidity and movement when features of Polycub get added into CUB.
View or trade
BEER.Hey @bitcoinflood, here is a little bit of
BEERfrom @pouchon for you. Enjoy it!Do you want to win SOME BEER together with your friends and draw the
BEERKING.I insist on remembering the extreme noise made by a number of well known Leo writers about Cub one year ago, and the full silence we hear now about it.
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