Happy LPUD and back into the Cub Kingdoms!
Happy New Year 2024 January LPUD everyone!
I powered up a relatively small 196 LEO for the event, but I power up a similar amount regularly every week.
That brings my total LP to... 28 550...
So I should hit 30K sometime in Spring, probably sooner.
You know me, I likes slow and steady!
Revisiting the Cub Kingdoms...
I used the recent dip in the Bitcoin Price to add a little more into the BTCB-BHIVE pool on cub, and was very please to see the transfer of BHIVE working smoothly.
I Even got a refund when I entered my ETH address with an additional space bar in the front, which is a great feature...
And without the space bar it worked smoothly, VERY quick, just a matter of seconds...
There's some nice options available, still
I think these pools are underutilised as there's some very decent yields to be had, but low liquidity...
- i went for the BHIVE-BTCB pool as I want more BTC and this is a nice easy way to swap a little Hive for some surrogate BTC and the 18% return is about as good as you get for anything paired with BTC.
The other option I like is the BLEO-BHIVE pool, I'm in that also, can't remember how much, a few thousand LEO's worth.
The problem with these pools is that while the return is good, I don't want to put too much in as low liquidity means they are riskier than I'd like.
But it's good to see Cub still offering some decent options!
Time to revisit Cub and PCub in 2024...?
It would be nice to see the Cub pools get a bit more love from the team in 2024, I'm not sure what that would look like... some way of buying up more of that Cub, maybe some of the LEO AD funds, integrating the DEFI world with the main platform maybe, I mean it is a finance platform after all!
And these liquidity pools do offer a very valuable bridge between Hive and other chains... I mean from BNB you can get ANYWHERE, thanks to that being integrated with Rune.
But I'd like to see a bit more plugging of the Cub pools going on, it's as if they've been forgotten, but they are still there!
I wonder who else uses them, there can't be many of us left given the low liquidity!?!
Anyways, good to see they are still functioning, and happy LPUD once again!
Posted Using InLeo Alpha
You've got a lot more than me, but then I'm not generally buying it. I just accumulate the rewards. I know some people see big things ahead and the team is active.
They do keep things ticking over, I think these are worth having something in!
Boom.
Long Live, CUBDEFI
Cheers! They are defo under-utilised IMO!
I would love to have more liquidity in these pools.
I will jump in!
They're a good option!
You've done a tremendous job at raising a valid point about the potentials of Cub pools. I feel this calls for more attention to be directed towards them. Hopefully the first LPUD of this year yields much numbers..
Hey no problem, great music!
hey man thanks for the hive! appreciate it a lot. Glad you like the music though we love making it so it is always nice that someone listens!
Hey cheers you guys rock!
Excuse my ignorance - what is the negative of low liquidity and people hesitant to jump in. Thanks for this post though - I had almost forgotten about CUB kingdoms.
I think with low liquidity large swaps are more likely to swing the asset prices either way.