I had another deeper look at my Cub investments today, something that turned into a weekly habit.
I wonder if that's too often, because everything else I track on a monthly basis.
But until now, as a complete newbie in the defi world when I started using Cub Finance at its launch, this weekly pace helped me better understand how Cub's economy moves. So, I think I'll keep doing it like that for a while.
What happened during the passed week?
Well, CUB started last week a little bellow 3$, went as high as 4.725$ on Friday and is now swapped for $3.681, like we can see on this chart:
Even if CUB pulled back on Friday afternoon and Saturday (some short term investors might have been marking their profits already), it's still a 22.7% increase last week.
As the second most important coin on Cub Finance, BNB pumped by over 36% last week, from around 272$ to around 372$. Interesting, it's like someone added $100 to its value.
My CUB-BNB farm still holds a little over 75% of the total - but dropping from over 80%, since I add rewards to CUB-BUSD now to balance things out - so as both CUB and BNB significantly increased in price, this farm was definitely a winner in USD terms.
Currently, I have investments in 4 farms and one den, listed in the reverse order of dollar valuation:
CUB-BNB (76%)
CUB-BUSD
bLeo-BNB
CUB
DEC-BUSD
If you think the high inflation from Cub Finance from the first two weeks made a huge deal, let's have a look at what happens when coins start to pump.
Last week I calculated a total return of 20.86% for my Cub investments, all while if I had kept the coins invested, during the same period, they wouldn't have increased almost at all.
After another week, ROI is 66.15%, and initial coins would have appreciated by 34.3% mostly because of the pump of BNB.
Winner, still, by a large and increasing margin, my Cub investments.
Of course, that can go the other way around. If both CUB and BNB go down, then the valuation in USD of my CUB-BNB liquidity will go down significantly, affecting ROI.
But, since we are in a bull market yet, I would expect any such pull backs to be temporary in nature, while huge pumps are still very likely ahead.