Here we are at another stats report for CubFinance. The reason why these posts come on Mondays is that CubFinance was launched on a Monday, a little over a month ago, on March 8.
Since last week, CUB's price tested the support at 3$, which held, then attempted to break the 3.6$ resistance more than once without success so far. Now it look like there's another attempt.
Overall, if we look at the ends of the interval, and disregard the 20% volatility of the price during the week, CUB ended up at about the same price.
I didn't make a note last week about the total value locked across all farms and pools, but this week it's higher. TVL=$19,300,415.63.
Sure, since TVL is in USD and in farms and dens there are assets which increased in value compared to USD last week, which also increased the TVL even if no new funds would have been added.
Last week the security audit public report from CertiK finally came in. While there may be some pointers in there for Khal and the team, what I found nice was that the overall score for CubFinance was higher than the score of GooseFinance, the platform from which Cub was cloned initially.
BNB is killing it. Some 55% increase over the week.
If you read my posts, you know I turned half of my ETH+HUNT into BTC and half into BNB. The BNB part almost entirely went into the CUB-BNB LP and farm already.
And so it went to drain my plan from last week to add more funds to CUB-BUSD. But when BNB soars, when CUB is not as volatile (maybe we are on our way to fix the volatility issue from the security audit?), how can I choose an LP where half represents a stable coin? I don't think it's time yet.
But CUB's lack of grows this week and the fact that I swapped some BNB for CUB when I added to the LP, had an interesting turn for my stats for this week.
It's the first week since I make this report when the ROI the initial assets would have had, if kept for the entire period, is almost identical to the return calculated on the investments in CubFinance.
Both ROIs = 79%. Approximately.
I'm curious, what will happen next week. Will there be a flippening? So far my ROI on CubFinance was higher. But if, for example, BNB keeps pushing up and CUB lags behind, that won't be the case anymore. Not for my Cub investments, anyway, where CUB-BNB is highly dominant.
What effect will that produce, however? Impermanent loss would 'virtually turn' BNB into CUB. Much more CUB.
And if CUB starts to soar, there's a way to protect it... The den.
The weekly return on my Cub investments is a little lower than the week before, but still above 30%, which would be pretty incredible outside the cryptosphere, especially when they come in a row.
At this weekly ROI, I'd have an APR of over 1700%. APR! So, without compounding. That's insane. Obviously, it won't be that high. Based on the return from last week it would have been over 2000%.