I really feels good to write on Hive after about 10 days of non-active engagement due to ill-health. My bad that I ignored my health for some time and it required a state-of-emergency attention in the last week. I'm stronger and better. It's true that health is wealth, where health is lacking, economic activities no matter how fun it is could suffer. I've felt it deep for these past days without writing on this space.
While my engagement was done, I did my best to read some of the latest announcements and developments within choice communities. It was beautiful to read about LeoFinance's latest development in its DeFi product - CubFinance, allowing for variable staking of CUB.
The LeoFinance developers and team lead are committed to delivering future-facing, growing and sustainable DeFi products even in a difficult bear market season like we presently have. The launch of CUB variable staking is one of such deliveries that would form a whole new trajectory in the premier DeFi front of LeoFinance.
While resuming my content creation today, I decided to commit my $CUB into a 52 week long staking in the new kingdom protocol. I had difficulties doing that in the last week but glad that the bug in the staking interface was sorted out.
Long Term is Better
Anyone that has made it in crypto would agree with me that long term is better. I tell my protégés that each time they look sensational trying to invest in crypto. Success in crypto investment is not a hit and run adventure. One must be ready to commit his asset into the long run and do away with the temptation of quick profit, though that happens once in a while.
The build of CUB is better to be engaged with a long term mindset With $CUB on the lows of 2 to 3 Cents, it is a safe bid for one to stack as much as possible within one's reaches and to compound the DeFi asset patiently till we again realize the $1 and higher value for CUB which is imminent with the Multi-token bridge and variable staking models in play.
Locking my first 1,000 CUB for the next 52 weeks promises a 35% APY, assuming nothing changes over the period. But that is far from the truth. With the daily CUB burn approaching 50k and total CUB burned approaching 2 million, I am sure that the APY for locking CUB could do a 10x to 50x in 52 weeks.
Below are the screenshots of my staking screen before and after the staking.
I'll be setting some huge goals to compound my CUB in the coming days. Adding 1k CUB monthly won't be a bad idea. That could mean hitting 52k CUB staked at the end of the 52 weeks seamlessly.
$CUB is a scarce DeFi asset with the daily burning and new utility created for it. Sooner, the burning rate would flip the token emission rate and that means an upward pricing spiral.
Hanging on with over 50k CUB before the highs of $1 CUB is attainable is the goal and a worthy push. Let's see as things unveil in the coming days..
What is LeoFinance?
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
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