Hello, LBIer's. I have been sitting looking at the screen for 10 minutes thinking, what to post about today and then I had a rare thought. It's been a while since we have done a CUBfinance update for LBI, maybe a few months, maybe more. With doing the CUBlife report every Friday, LBI's CUBfinance holdings reports are put on the backburner. Once every 3-4 months are enough I think, what would I write about every week? Moving on...
Let's just jump into it, we all understand what CubFinance is, how it works and all the rest. Farms are first and we are in 3 of them.
To start with, it's worth noting that I've not added anything to any farm for maybe 5+ months. The top dog is the LEO/BNB LP. This was mainly built from wrapping LEO from weekly earnings into bLEO and converting harvested CUB to match that amount. We did that for roughly 8-10 weeks straight to build this up. It was worth more when we stopped adding to it but LEO has been on a hell of a ride this year. The second is the CUB/BNB LP, this was saved up from leftover CUB each week after we converted whatever CUB we needed to match that weeks bLEO LP. Simple split half the leftover CUB into BNB, create the LP and stake it. The last one is the DEC/BUSD, this was added to earn a little SPS. I was added more recently but funded from harvested so for free.
After building up farms for 3-4 months by reinvesting harvests, we had built up a nice income and next, we ventured into getting other cryptos. We naturally used the CUB kingdoms for this and have been saving up since.
New plans to add are to remove anything from the farming side of CUBfinance for the foreseeable future and I look a few years out. We're expecting polyCUB sometime soon which could create a chance to earn a really good APY with pLEO/MATIC LP which I'd assume would be there on launch but no plans to convert our BNB into MATIC for temporary better APY. These farms are our bread and butter and only funding toward non-LEO/HIVE investments. Basically, it's all fed into kingdoms 😎
Let's look at kingdoms next.
First is CUB, since we stopped adding to this pile at 1250 tokens, we earned almost 500 additional since. These will get us a tiny polyCUB airdrop but with the airdrop taking place over weeks, not sure it will be of any benefit to us. We hold these to hold them just in case CUB someday moonshots for over $1.
Then we have our ETH, it's not much but we got it for free from harvests so we'll take it. I never really went hard into this because the APY has always been shit. I never saw it down at 3% before so I guess people like to stake ETH. Again this is holder until ETH moons to $10k then it's a sell it for something else. Most likely a stable token.
This is another old one, a kingdom I have not added to for a long time. It's just nice to hold fiat sometimes. I'll add to this when we sell our ETH and BTC/BNB LP's and see what daily CUB we earn. Could turn into a nice daily LEO drip for LBI. CUB>bLEO>LEO. For now, it's just earning us 10-15%.
This is the one I have been adding to mostly because I think it's the safest in crypto standards for us. They say BTC and BNB LP well together without much IP taking place because BNB follows BTC closer than other tokens. We already have lots of exposure to BNB with our bLEO/BNB farm but we have any to some BTC. What sort of crypto fund could we be without some BTC. Anyways, if we are still in a bull market and BTC pops x2 in like 10 days for something crazy, I'll be jumping ship and converting to stables to lock in profits.
I guess we should take a quick look at the BSC wallet while we are at it. Not really holding everything in here. A little bit of BNB for transaction fees and some BUSD which will be used toward funding the investment that was voted on a few weeks back. I've been saving CUB harvests, this $304 is the result of 2 weeks of harvesting. One more 1 week and we'll have a number to invest into that. $300 is not enough, $450 sounds about right and $600 sounds too much for a tester.
Total
I almost forgot about doing up totals. Ok, so...
$15,151.66
55,000 LEO to you and me
There you have it, that's all our holding on CUBfinance. In a nutshell, we hold farms forever or until they are earning under 30% because they produce us a good income that can be used to build other cryptos. If the bullrun is still on, I'll be trying to sell off our ETH and BTC/BNB holdings to convert to stables. These stables will be held until the bear market returns and crypto is on discount once again. Not really doing anything special, just stuff that takes a long time. Sometimes less is more :)
Thank you for taking the time to read through today post, I hope you've found it informational and you have a better understanding of our CUB holdings and short term plans going forward.
Follow our account if you are not already or I'll kill your hive PUNK
