What CubFinance Taught Me...About Risk!

About a year ago, the Leo Finance team introduced a lot of us to the exciting for of DeFi...

Sure, there were a bunch of crypto investors that knew about this stuff and were quite comfortable with terms like 'yield farming' and 'impermanent loss'...But for quite a few of us, this was new territory!

When you come from the Hive blockchain and start messing with Ethereum based chains, it's quite the wake up call. This whole 'gas fee' thing is new to us and Metamask is about as user friendly as smashing your thumb with a hammer. So when I tried my hand at learning this stuff...It was an uphill battle!

Yet, we pushed through...

The tutorials and step by step guides that Leo provided started to make sense and before I knew it, I was 'farming'!

While I was beginning my journey, I started to see news articles and Twitter updates about something called 'rug pulls'. So not only did DeFi investors have to worry about impermanent loss, now we had the risk of entire projects disappearing and leaving investors with nothing to show for it...

The one thing that let me sleep well at night was...It was LeoFinance behind CUB!

While it didn't have the highest APR, some people scratched their head on what the actual use case was, they had a vision and more importantly, they had built massive trust with the community.

Let's fast forward...

I'm a simple dude. I think I've fallen in love with this blockchain, it's easy for me to understand. I show up, add value, and my stacks grow. I don't need to flip tokens, invest in this or that..I just show up and magic things happen.

So over the past year I've had my CUB 'auto compounding' in a CUB Kingdom! Set it forget it easy...And btw the way, it's paying me over 60% APY!

I like simple!

This past weekend they introduced PolyCub which is being heralded as the next big thing in DeFi 2.0.

What happened because I was staking that CUB over the past year was that I'm getting some POLYCUB tokens now, auto-magically over the next few months in a daily air drop! I can even take those POLYCUBs and dump them into this thing called 'xPOLYCUB' and earn even more over time.

If you are expecting me to break down how it all works, I HIGHLY suggest you check out some of the more intelligent bloggers on LEO and Hive, cause for me...It's the simplicity of the project that is attracting me to it! Because I jumped into learning the absolute basics about DeFi, I was able to capitalize off this air drop and continue to build my CUB stake!

And here's what CubFinance has taught me about...Risk!

When you don't learn the basics...When you throw your hands up and say this stuff is too complicated to learn...When you rage quit and never even dip your toe into the pool...

Well, that's the biggest risk!

You risk the 'what ifs' in this crazy crypto stuff. I can't tell you how much I've benefitted over the years because I didn't stay on the side lines, I rolled up my sleeves and learned this stuff. And sure, I'll never be the DeFi expert. And I still to this day stay as far away from Metamask as I can...But I know the basics!

And to really win in this crypto stuff, that's where it begins! The basics. Learn this stuff. Stop watching Netflix for a few days and read up on these projects, do your homework, especially here within the community and you never know what will be coming next...

Again, the biggest risk isn't a rug pull. It isn't impermanent loss....

It's missing out on some amazing opportunties because you sat on the sidelines and never did your own research into what is being built in front of you!