The real problem is that the value of CUB is constantly decreasing and even if the APY is very high I am not invited to hold the token but to sell it immediately, however I will think about it with some HBDs
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this really has to be emphasized for newcomers. The majority of people involved with staking on b/pCUB have probably lost money (or made much less APR than advertised). Although of course if the bottom is in, all of this is starting to look better...
DeFi as a whole has dipped over 90%. Polycub and cub got hit hard.
That being said, real revenue has come to light and the protocols who are generating it will emerge as some of the best places to park capital.
I’ve grown increasingly optimistic about the future of CUB after seeing the success of bHBD and bHIVE. Truly incredible stuff. We’re buying and burning over 400k CUB per month now with the DAO wrapping revenues
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I have always appreciated the hard work and effort you are putting into the whole Leo/cub ecosystem; especially now with the changes implemented and p/bHive/HBD in the pools. Being able to use this bridge is very important (as was shown when Hive was suspended in recent weeks on the exchanges). I just sometimes felt that newcomers weren't aware of the risks associated with defi and that this could have been highlighted a bit more in some of the posts. But as you said, the bear market was the main problem..
Indeed, this is a fact and newcomers should expect this. Especially in this bear market. Also impairment losses are very real and one should learn about these before jumping into DeFi.
Nevertheless I believe, this is a great risk-reward situation for someone who wants to dip his toes into DeFi.
Stay safe frens,
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I think exactly like you do, I know of people who have lost a lot of money, luckily I did not care much otherwise I would have taken it in that little place!@tobetada @vlemon
I remember you in the Hold community, why doesn't that community go anymore?Oh @vlemon
Anyone can delegate LEO or HIVE to this account to get curation rewards paid daily 😉It does, we have an account @hodlcommunity which curates Leofinance content.
And how come the community no longer works ?
We are still there but as most topics are also accepted on Leofinance, it made sense to get together 😉
Since the release of bHBD and bHIVE, the price has done nothing but go up.
But like it says in the post: feel free to sell rewards daily to avoid having any exposure to the CUB price.
It’s a choice that you make as an LP: gamble on the cub price or sell harvests and compound HBD and hive.
Easy as that.
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This is also true!