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Cub Finance: My monthly add and status

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@jfang003
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This month, my monthly add to Cub Finance is bigger compared to usual due to the leomarkettalk giveaway results. In the giveaway results, I mentioned that I would invest all of my LEO earnings along with some of my LEO earned from blogging, commenting and curating content on LeoFinance. This also gives me a chance to compare how my investments from month to month. s

Cub IDO news

On the latest LeoFinance weekly dev update, they teased more information about the Polygon IDO. I wonder how the tokenomics will work on the new platform and how it will give us a positive effect on CUB. I also didn't notice it before but it also looks like there may be an airdrop for staking CUB on their platform on their roadmap documentation page.

My monthly add

I sent 501 LEO tokens over to my metamask wallet using the documentation instructions. From this swap over, I got 500 bLEO tokens. Now that I have my tokens available and some leftover BNB from last month's migratition, I decided to enter the CUB/BUSD Farm this month.

I choose the CUB/BUSD Farm because the documentation roadmap hints at a airdrop for people staking CUB and I am not sure if it includes the farms. My strategy is to invest into the Farms and send the harvested CUBs over to my kingdoms afterwards to stake.

Adding Liquidity to the CUB/BUSD

One thing to note is that the documentation for adding liquidity is now kind of outdated. The exchange button now redirects to Pancake Swap and I had to do some digging in order to change my bLEO tokens. The page it redirects you to adds the CUB token contract address to the tokens I can swap for but it doesn't have anything for bLEO.

I went through BSC scan on my address and found the bLEO token. Then I went to the contract address and copied the address into Pancake so I could finally swap my tokens. Incase anyone wants to know the address, it is 0x6421531af54c7b14ea805719035ebf1e3661c44a

I swapped 250 bLEO for BUSD and the other 250 bLEO for CUB tokens. It net me 95.5801 pool tokens. Afterwards I staked my tokens and it also harvested my CUB tokens farmed in the past month.

My Cub Finance holdings

Above is my holdings as of last month and below is my current holdings using mycubholdings. The values have definitely changed quite a bit.

Although the DEC pool hasn't went the way I wanted, it just looks like the Splinterlands Chaos Legion pack pre-sales have pushed prices even further. So my dollar value of the DEC/BUSD pool has increased but I have less DEC now. As for my bLEO/BNB liquidity, BNB prices have increased so a little bit of my BNB was swapped for bLEO. However the price increased so the dollar value has also increased. CUB prices down from last month but I have faith that the Polygon IDO will help stabilize the prices and maybe even push it further up.

Between last month and this month, I was able to harvest 50 CUB which I added to my kingdom. The price hasn't dropped too much compared to last month but combining this value with my liquidity, I now have over $1,000 invested into CubFinance. I am pretty sure that the kingdom staked CUB will count towards the airdrop but I am unsure if the ones in the Farms will count. Also I would like to note that my transactions fees for all of my actions this month was roughly 0.005 BNB to harvest CUB, add liquidity and deposit into kingdoms.

Please make sure to invest only what you can afford to lose and nothing I said is financial advice. Feel free to leave a comment if you read my post. If you have any questions, feel free to ask and I will do my best to answer.

Posted Using LeoFinance Beta