It's been a month since the last time I touched DeFi and I am glad to do it on time this every month. I saw a post about how 50% of the CUB inflation was burned. It looks like the arbitrage bots are doing a good job right now of turning CUB into more of a sustainable Defi platform where one day it can burn all of the CUB inflation.
CUB
It looks like the roadmap documentation page is still blank. I liked to look at this to see what is planned to the platform so I hope they do fix this page. Besides this and the report that I linked earlier, there have been no changes to CUB.
PolyCUB
There have been no changes in the PolyCUB roadmap. It's been kind of silent lately in regards to this so I wonder if everything is going fine here or not.
Monthly Add
I sent 200 LEO tokens over to my metamask wallet using the the wLEO bridge. After removing the 1 LEO token fee, I was left with 199 LEO tokens. I realized here that I messed up and forgot to account for the 1 LEO fee. So I changed 99 bLEO into BNB and added the BLEO to the bLEO/BNB pool this time around. The remaining little bit of BNB missing was paid off using some of the BNB in my wallet.
Out of the three farms that I am in, the bLEO/BNB was returning the highest and I thought it would also be nice to increase the liquidity here for people entering and exiting the platform. It also reduces the number of transactions that I had to do. The APR here hasn't changed too much from last month with just it being 2.3% lower than last time.
It looks like the APY has dropped even further and I think it's caused by more people migrating over to the new Kingdom. The TVL is down in price though but I think that might be caused by the lower price of CUB. Over the course of a month, I have earned about 13 CUB so it doesn't look like it's that great. Either way, it's a nice way to earn more CUB. I didn't move my farm rewards over the kingdom because I am not sure how everything would be mixed. So I just sold my CUB earnings and stacked some more BNB for further transaction costs.
My portfolio last month is above and my current portfolio is below. It tracks my CUB and PolyCUB positions through debank.
CUB has gone down in price slightly compared to last month and the bLEO/BNB pool had bLEO has also taken a hit in price. Along with the drop in crypto prices, the rest of the crypto tokens has also dropped. I left the CUB/bHBD pool rewards there because it doesn't pass $1 and I don't think it was worth it to collect the rewards as the transaction costs would eat up a ton of the rewards that I would have collected. When it's higher the next time I visit, I will pull it out then and decide what to do after that.
Please make sure to invest only what you can afford to lose and nothing I said is financial advice. Feel free to leave a comment if you read my post. If you have any questions, feel free to ask and I will do my best to answer.