So, i finally learned how to buy and stake CUB after i reached out to the community for help (How can I buy CUB?). Also managed to learn how to provide liquidity in the CUB-BUSD farm, even though no one answered my post when i asked for some insight (Adding Liquidity in CubDefi). Now i can start to do some numbers to show my growth, and to show how passive income compounds with sufficient time.
CUB KINGDOM
This is my largest holding (very humble holding), i started with 1293 CUB on the 26th of january, 26 days ago when the APY was sitting at around 44%. And now i stand with 1324.44 with the APY at 33.5% (that 11% drop in APY is because of the polyCUB airdrop sometime soon).
| Started | Actual | Increase | Return |
|---|---|---|---|
| 1293 | 1324.44 | 31.44 | 2.43% |
CUB-BUSD
I had some trouble understanding how to join this farm, since i had no idea how to obtain the CUB-BUSD LP token. Even posted to see if someone could help me, but had no answer. So i had to figure it out for myself, and i did!. When i started the APY was around... i want to say 85%... i dont remember. But it jumped to over 114%! I guess people are cashing it in and puting all that CUB into the Kingdom for the polyCUB airdrop.
I dont really know how to interpret the ROI from this farm. Im guessing the LP tokens simbolize what i put in in BUSD... so i guess ill just do it like that. 8.763/231.206 = 0,0379 (3.79% ROI) in just 12 days...
What im having more trouble with is the decision to harvest. Everytime you harvest you have to pay fees with BNB.
At the current BNB price $370 that gas fee is worth 30 cents. 30 cents to my $8.763 is a 3.4%... So im having trouble deciding if that 3% is a lot. I think it is, im only willing to pay 1% fee, but maybe im losing APY since all the harvested CUB will go into the Kingdom. Not clear on the math, but i guess it could be done to shed some light on my decision.
FUTURE MOVES
The first one is to move my AutoCAKE from pancakeswap to Cubdefi. The reasons for that are that it has a higer APY on CubDefi (75% vs. 62%), it pays in CUB which i belive has a higher upside than CAKE at the current prices and that all the CUB i manage to acumulate will help me in getting more polyCUB when the team starts the 60 day airdrop.
The second would be moving my BTC and ETH to CubDefi. The APY is great! But i dont know how its paid, ill have to figure it out, or maybe someone reading can answer.
Thats all for now friends, thanks for reading!