CubFinance is, in my opinion, about to start gaining some traction.
First off, the new products are being developed and released, and I am sure they will be followed by some heavy marketing.
To this end, I have decided to do a comparison between CubFinance and its competition.
(Before we get started, if you're interested in airdrops on Solana, there is one going on here. The steps have been outlined by a writer on Publish0x, and all credits go to him on the post. The steps to participate can be found here. I personally feel it will be a pretty big deal because of its backing and partners.)
CubFinance's main competitor is of course Pancakeswap.
Pancakeswap started out as a pretty decent trading platform, but has recently degenerated into more of a gambling site, with lotteries, BNB price guessing and other money multipliers.
CubFinance on the other hand is a more "earning based" platform, with "safer" higher yielding stable pools.
The design of Pancakeswap is pretty stellar, however I believe the design of CubFinance is subjective. It takes on the cartoon-y look of Pancakeswap, but uses predominantly 2D models as opposed to the 3D cartoons used on Pancakeswap. As I said, the design features are subjective, and not everyone will like both or either.
Now to the features. Pancakeswap definitely has much more features than CubFinance, however they are a bit more dangerous than what CubFinance offers. For example, the BNB predictions are just raw gambling. In addition, the pools have very high yields, but are super dangerous and low volume. Some pools have an APY of 500%, but have just $3k in trading volume. This means the impermanent loss on those pools would be insane compared to whatever little amount you are able to gain.
Based on this, CubFinance has fewer, but safer features. For instance, you can stake in the CUB stablecoin pools and earn over 60% a year, which is simply amazing. 60% a year is over 6x what the stock market gives, and there is no impermanent loss in the stablecoin pools.
Last up is support. Obviously Pancakeswap wins this one as they are backed by Binance, but Leofinance has a dedicated team that is also capable of good things.
Which one is better for you? Which one wins? Let's talk down below!
Thanks for reading!