A quick stroll past the alternatives for CubDefi

Many coins have bled and bled this week. But what about the various DeFi platforms? Is CubFinance the only one bleeding, or are the others doing even worse? Today I take a quick stroll around the alternative platforms I am well aware of. Would I have been better off in these other places?

Source:

CubDefi
Well, let's start with CubDefi itself! The CUB token has clearly been bleeding in terms of price and marketcap, losing about half of its price. The marketcap is rather tiny though (which I think is good), and the main pool still offers a solid 240% APR despite the drop.

The MarketCap: $2,286,318
The APR on the main pool: 240% (CUB/BUSD)
The Token Price: $0.80

PancakeBunny
PancakeBunny got Flashloan-attacked this week, and the token price plummeted from $260 to ~$10. Then it bounced up to ~$60, but now it once again dropped spectacularly, causing a second bloodbath. This was not a good week to hold BUNNY, and the APR doesn't look that spectacular anymore either (though still very high compared to non-DeFi platforms!).

The MarketCap: $370,000,000
The APR on the main pool: 144% (BUNNY/BNB)
The Token Price: $21.20

PancakeSwap
PancakeSwap didn't get attacked, but their CAKE token lost 2/3rds of its value in the last week. The APR in their main pool is relatively low at 40%, especially if the token deflates THIS fast! As for the marketcap, it seems....inflated?

The MarketCap: $1,777,000,000
The APR on the main pool: 41.4% (CAKE/BNB)
The Token Price: $10.78

ApeSwap
ApeSwap's BANANA token lost 75% of its value, but at least its main pool still offers a good 241% APR and the MarketCap doesn't look too outrageously large. Definitely less ravaged than PancakeBunny...

The MarketCap: $35,000,000
The APR on the main pool: 241% (BANANA/BNB)
The Token Price: $1.181

PantherSwap
And last up is PantherSwap! The token lost a little more than half its value, but the APR on its main pool looks higher than allthe others, and the marketcap doesn't look too outrageously large. This seems to be also a relative survivor here?

The MarketCap: $31,236,000
The APR on the main pool: 802% (PANTHER/BNB)
The Token Price: $0.725

Closing thoughts
Well, that was... interesting! It's a bit like walking past a collection of trainwrecks. But that being said, some platforms are clearly in a shoddier state than others! In terms of APR and token price drop perhaps PantherSwap looks like it got the least wrecked, while PancakeBunny seems headed straight for the lower depths of the Abyss.

Of course, nobody knows if/when the PantherSwap rug ends up being pulled out, and with its tiny MarketCap one could argue that CubDefi has much less downside at this point than these alternatives.

It was good to take this stroll past all these other platforms. I now realize that the situation at CubDefi is actually relatively strong, and I feel more comfortable having parked some of my funds there :).

Enjoy your Sunday!

Posted Using LeoFinance ^Beta