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RE: How To Get Your Cake (Pancake - Syrup) and Bread New CUB

in LeoFinance6 days ago (edited)

Does this mean I need to remove my LP from the Farms and CUBS from the Den, and restake them in Kingdoms? Is the bLEO-BNB farm ending??


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I don't believe so. Either it will become dead with no earnings and you can withdraw it or it will simply make the move itself when they update it. I don't have the full details on that you'll need to follow LeoFinance for the in's and outs first my updates are normally a bit older once I get things figured out for myself.

Interesting... I don't have much in there, but I thought bLEO-BNB was the safest pool to be in because of the @lbi-token project. I will have to do some reading this week and try to determine what I want to do. I have had issues with Metamask the past week which is a concern.


Posted via proofofbrain.io

I don't think it is. Being that both BNB and LEO prices can swing wildly. Safest to me would be a stable coin value CUB-BUSD for example. But really DENs are being that you put it in earn cub and can withdraw the same amount of token you put in minus the fee. But that's why earnings on those are so low as they kind of just sit there and provide liquidity.

I stacked LP in CUB-BUSD and then started filling up the Den, am I suffering loss if I don't compound more CUB-BUSD LP, and just keep minting CUBs for the den? Or is this a smart thing to do? I appreciate the discussion, I know this isn't financial advice. Will I just lose value, or have a got a CUB minting machine spinning here?


Posted via proofofbrain.io

You're not losing anything by doing it that way. You could potentially make more by compounding it back into the CUB/BUSD as the APY is definitely much higher, but you would also either be selling some CUB to get the BUSD or putting in more money by coming up with the BUSD to match the CUB you're adding.

Personally, I'm doing almost the same thing you are. I've got some in all three farms and I usually harvest it and put it in the Den and just keep building my CUB position that way. I think at some point the CUB price will start to rise and when that happens, I'll want as much in the Den as possible. At that point, I'll have the flexibility to move some of that now much more valuable currency into other farms if I want. Or even sell a little into other Kingdom currencies to take advantage of new or more diverse products. MATIC/POLY for instance....

Posted Using LeoFinance Beta

Thank you i appreciqte your feedback. I am content to keep harvesting and piling Cubs in the den, with the hope that eventuaoly the price will rise. I am trying to keep the fees down so only harvesting every 81-140 hrs. Optimal harvest time changes slightly, but my main concern is Metamask vulnerability.


Posted via proofofbrain.io