When should you harvest your cubs?
I see this question asked a lot in the Leo Finance Discord and the answer generally given is 4 hrs, twice a day, once a day, or some other arbitrary time period.
I also saw a few harvest calculators to give you a good idea when it is best to harvest. While they may work, what I do is much simpler and more universal.
Right now it costs around 0.000997 BNB to compound in a Den. At the current BNB price of $535.99, this comes out to $0.517131 transaction fee.
Let's say you decide to compound once a day, and that comes out to 5 cubs based on your stake. At the current cub price of $3.795, that is roughly 2.75% transaction fee.
Now let's say you harvest 30 cubs a day, you can expect to pay around 0.454% in transaction fees.
As you may guess, the optimal time to harvest is less a universal set amount of time but more how much you have to harvest in said amount of time. If you are providing liquidity, you can expect to pay transaction fees to harvest, then to buy liquidity, then to stake the LP token.
My suggestion is to figure out a transaction fee percentage you are comfortable, I suggest 0.5-1% or less, and use that as a guideline of when the best time to harvest for yourself is. Or even easier, if you are in the den, just harvest when you have around $100 or more to harvest. If you are providing liquidity, wait a little longer to account for the three transaction fees. Once you know how long that takes to harvest, you can use that as a guideline.
You do not have to harvest as much as you think, harvesting eight times a day (every 4 hours) won't make as much difference to your bottom line as you think. In most cases you can just harvest once or twice a day and best pretty close to optimal.
Your results may vary, but this should help give you better insight on how often you should harvest and give you some relief you don't have to stay at your computer all day to harvest on a set schedule.
Posted Using LeoFinance Beta
@themarkymark wow what an interesting post..thanks for educating us...
But harvesting is fun. Fun is not free, usually we got to pay for it.
If I want fun, I play Hunt: Showdown
Posted Using LeoFinance Beta
Although if this in an alt of 'the' one alpha, you probably COULD harvest once every two hours and pay <1% TX fee!
Posted Using LeoFinance Beta
good point!
Posted Using LeoFinance Beta
Great minds...
I do exactly the same myself when it comes to Cub - at least now it's settled down.
I tend to look for a minimum of $100 at a time to add to a pool or Den, TBH I should probably double that to really keep my TX fees low.
Of course when you've got a hefty amount invested, like you have imagine, all of this is easy to say as you can probably harvest once a day or less with a low TX fee.
If you've got < $10K in Cub you're probably looking at only harvesting once a week for a decent rate, that's a hard discipling for most people.
In the early days of a Defi platform it's probably worth paying a slightly higher fee to harvest more often IF the APYs are silly high and the farm-token price is trending up rapidly.
Posted Using LeoFinance Beta
Yes, for most people once a week is more than enough. The amount they lose in fees doesn't make it worthwhile.
Like you said, the difference between doing it more or less often is pretty minimal.
I've been trying different techniques and find that once a day is sufficient and cost effective. Could you imagine this being on ETH? The gas fees would be ridiculous 😂
Thank goodness for Binance Smart Chain.
It is best to look at it from the point of view of investment. ATM I have just a handful, so it takes about a week to get to 1 Cub (appx $3.5) ready to harvest. Instead, I choose to compound, which means it will take less time to farm 1 Cub over time as there is more to be staked.
For harvesting for personal use, maybe wait for it to get to $10 minimum. Depends on the individual. Over time, the price of Cub is likely to increase significantly, which means less impact from gas per transaction.
I'm getting concerned about the day when someone who can afford to compound every 4 hours decides to sell instead :D
I earn like less than 1 or even half cub daily. Also I'm in multiple LP's. So I'm not harvesting till I need to move cub or anything else. So I'm not compounding but just earning yearly yield,
I'm happy compounding twice a day.
Posted Using LeoFinance Beta
When to harvest the cubs is one concern. The other is where to stick them. With the yield difference between the Farms and Dens narrowing for now, the dens are a better choice. Or is there another way to look at it?
Sunday = Cubday for me.
Try to keep track of my portfolio on a weekly basis, that way I can focus on my normie activities during the week.
Posted using Dapplr
I was also wondering this. I did some calculations myself, but still found it difficult.
Thanks for the explanation. !BEER
Posted Using LeoFinance Beta
View or trade
BEER.Hey @themarkymark, here is a little bit of
BEERfrom @friendlymoose for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.I don't have enough pups to harvest yet, as I only produce 2 a week, but when I get to 10 a week, the harvest will be one day a week.
But if someone has more than $10K it can harvest as many times as it wants.
Posted Using LeoFinance Beta
I adopted the CUB reinvestment strategy every week. I do this because, first of all, I do not want to spend so much on transactions and because I do not have several thousand dollars in CUB Den to allow myself to absolutely maximize profits by obtaining the highest APY. Calculating the difference between daily and weekly reinvestments there is not such a dramatic difference, especially with the current APR of CUB Den. If APR would be 250-300+% then I would reinvest every day.
Posted Using LeoFinance Beta
You are not only Low Ability, but also an idiot. This is how your posts and YOU look like.
I, who have just over 200 cubs, I'm going to do it once a week, total I'm in no rush and I'm just betting everything
Posted Using LeoFinance Beta
Even the fees seem low
if you are harvesting like crazy
you will waste a lot BNB.
Like you said I resist the urge
and harvest once a day with my 7 places
to go.
Patience never kill the harvester.
!BEER
Posted Using LeoFinance Beta
View or trade
BEER.Hey @themarkymark, here is a little bit of
BEERfrom @pouchon for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.So this means I was paying huge transaction fees :) But the cub I made on the way easily makes up for it. I wish my numbers where bigger but even with small amounts the transaction fees are ok.
Posted Using LeoFinance Beta
FACTS the time to harvest 8x a day is over, that was the game plan while everyone was waiting for that "airdrop" & while the blocks were spitting out 2-3 CUBS with 4 digit APRs lol
Posted Using LeoFinance Beta
Personally I prefer to wear a minimum amount. The equivalent of 100 Dollars but in the end you eat the rates.
Posted Using LeoFinance Beta
I got in my calculations somewhat different numbers. Everything lower than 40 CUB / day is not worthwhile to harvest daily.
https://leofinance.io/@stayoutoftherz/how-often-do-you-harvest-in-cubdefi-probably-too-often
Posted Using LeoFinance Beta
It all depends on your tolerance. $100 makes the fees for dens around 0.5%, waiting longer makes the relative fee even smaller. To be honest, I would suggest waiting longer but I know people won't do it.
Transaction fees have been over $0.50 until recently when they dropped to around $0.38.
Posted Using LeoFinance Beta
I know, as soon as you write something, it´s outdated!
New to staking cub, will definitely take this into consideration!
Posted Using LeoFinance Beta
The $100 dollar mark is a good rule of thumb.
Posted Using LeoFinance Beta
I did it twice a day at first, but now try to do once a day max, often I leave it farming for another day or day and a half so I take out a bigger amount at once to reinvest.. Even though the fees are super low as long as I don't need the $CUB right away, I don't see any point in harvesting more than needed. I don't place them in the DEN but reinvest in other projects most days..
Posted Using LeoFinance Beta