BSC DeFi With CubFinance and without TreeDefi

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(Edited)

Two weeks ago in the article BSC DeFi With CubFinance and TreeDefi I told you about my investment in four pools at two sites.

  • CubFinance CUB-BUSD LP
  • Tree Defi SEED-BUSD LP
  • Tree Defi SEED-TREE LP
  • Tree Defi Auto SEED

After two weeks, or to be exact, after 11 days I ditched Tree Defi.

The site which was so reliable for a long time dropped almost half of its value. Which was very unfortunate since three quarters of my investment was there.

At the same time @cubfinance performed splendidly which saved me from total disaster and made my decision easier:

Unstake all from TreeDefi and put it in CubFinance

To put the development in numbers:

#defi siteoutcome
CubFinance+29.7 %
TreeDefi (all three pools together)-35.2 %
Total-18.9 %

Not good at all!


All in with CubFinance

Three days ago I put all the remaining stash into CubFinance CUB-BUSD LP pool except for a fraction of $CUB staked in the $CUB Kingdoms.

I put in exactly 1,000 $CUB, for the fun of it.

After three days:

It's nothing much yet because of a small increase in $CUB price the outcome is +22 %. In absolute numbers, the profit is quite small, of course.

The CUB-BUSD LP pool on the other hand is moving sideways. The liquidity and the number of LP tokens are dropping which, coupled with the $CUB price increase means that the net value is roughly the same as it was three days ago. The outcome is -1.8 %.

I harvested $CUB from the pool, bought some more LPs and added them. For now, I'll continue with these two options for several days longer.

It's funny how after two months of experimenting with various #defi sites I am back to square one - @cubfinance. What does that tell us?


Better and better

Posted Using LeoFinance Beta



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