Cub Finance - Decentralized Finance (DeFi) by Leofinance
Cryptocurrency has given us multiple investment opportunities and it also brings better earning opportunities for us if we do proper research and study before the investment. We need to understand that it is not a way to make easy money and thorough research and study are certainly required else we might end up losing our hard-earned money. Earlier trading used to be one of the options where people made a lot of money and even some of them preferred to go with long-term where they buy at a certain price and hold it for the long term to earn profit. This is one of the ways that should be followed but now we have got another option in the crypto that is called decentralized finance.
This is a new way to invest in cryptocurrency projects but again a thorough study is required here as well before investing. While Decentralized Finance (DeFi) It's a very good option for the investment where we can earn a significant return on the investment. The good thing is that we do not lose control of the funds that we invest and anytime we can make the changes as per our preference. Today in this post I'm going to discuss the DeFi platform by the leofinance team which is called Cub Finance
Cub Finance
CubDefi is the first ever project by the Leo Finance team on Binance Smart Chain network. This was the time when Ethereum network was going through a lot of issues in terms of higher transaction fees and that time Leo Finance team decided to launch the DeFi protocol. It was one of the best decisions that they have chosen the BSC network for the same else investing through Ethereum could have been an expensive deal. I don't remember the exact date when it was launched but I am sure it's been over two years and probably it was 2021 if I am not mistaken when the bull run was going on. This was also the first-ever project for the hive community and so many people tried investing in this platform which went well in the beginning but later on because of the market downtrend things are not in a good situation. The token name is CUB for this defi.
Farms
Even now when the market is down but also the APR is pretty good in the farms as shown in the below snapshot. You can earn up to 27% APR approximately on the stablecoins that are HBD and BUSD. we also have other pairs in the pool offering different percentages of APR but we need to understand that it is very good as compared to what we get in the market. What is the best thing that I would like to highlight here is that you can earn this fantastic APR on stable coins which is not available elsewhere. All the leading stable coins are available here including HBD so you can go for the one that you like because in this case, you will not be worried about impermanent loss which happens often in the decentralized finance protocols. investing in a stablecoin and getting something that's more than 20% APR is just amazing and we should not let it go.
Total Value Locked (TVL)
Almost 740k worth of value is locked across the farms and dens in the DeFi platform. This time when we are going through the bear market](https://leofinance.io/@leoglossary/leoglossary-bear-market) then this amount matters a lot and it shows that the community is still interested to keep the funds here through the mostly stablecoin pairs. This is the same platform where this value was in a few million dollars during the bull run cycle and now it is 740K us dollars during the bear market. When the entire market is going through a tough time because of the ongoing negative scenarios and bearish sentiment so we cannot expect something extraordinary and for that reason we need to wait for the next bull run cycle. I can't predict how things will be in the bull-run cycle but hopefully, it should be good enough and people would be able to make a good amount of money considering how the market behaves.
Token Economy and Price
CUB is the native token for the Cub Finance DeFi platform. Below is the snapshot of the current price
in the market and it is very low. If we do the comparison between its all-time high price and the current price then it does not stand anywhere because it was almost $5 during the launch and the bull cycle time. I am not sure if we can expect the price to be there again but if it happens then I'm sure things will be much more profitable for all the holders however it is not easy. it is possible only when there is a lot of inflow of money and that could be the scenario when the all-time price can be expected. It also happened when people enter into such platforms then they start creating selling pressure by booking profit. Because of this, it increased the selling pressure in the market, and for the project, it becomes very difficult to hold on to the price. Price is determined based on the supply and demand and if there are more sailors than the buyers in the market then the price will continue to drop. Hopefully, things will be better for the investors in the next bull run cycle until then if you are already an investor then keep on holding and wait for the right time.
The current price is already at the bottom and I don't think that it is going to drop anymore because its already low and maybe a slight fluctuation can be seen which will hardly make any difference in the token price. This is not financial advice anyway but if you think that things can be improved over a period and you find the project worthy when the token price is low then this could be the right opportunity. I trust the team and I know that they are reliable people so based on that region I find it a good option for the investment and there will be a higher probability of profit since the token is already at the bottom range.
Thank you so much
Stay Safe
Posted Using LeoFinance Alpha