Turns out spinning your LEO rewards into a CUB farm is a popular strategy! Not something I had considered doing until recently but it makes great cents.
This post is a DCA Power Up Post, all rewards from this post are powered up into LEO Power. Part of my mission to build my stake to 2k LEO Power.
I posted about my DCA LEO Power Up Plan Here.
In doing so a couple people responded in the comments that they use liquid LEO or Power Down to flip their rewards into a cubdefi.com Farm, but of course!
Powering Up LEO
I think everyone here has powered up at least some LEO. When done over time this is essentially a DCA strategy that allows you to earn and grow your position over time regardless of price which is a beautiful things.
Powering Up LEO requires trust in one ecosystem, that is the HIVE blockchain and the continued development in the second layer application that is LeoFinance. Personally I've witnessed the success that's been had in the second layer application over the past year and believe the best is yet to come.
Powering Up is a simple strategy that allows you to grow your LEO position, at your own pace, and if done over time is the equivalent of a DCA strategy.
Rolling LEO into CUB Farms (LP's)
The LEO team developing a DeFi platform on the Binance Smart Chain is a gift for the ecosystem that can keep on giving if done right.
While Powering Up LEO may be the simplest strategy to grow a position, the fact that LEO rewards on this platform are paid out as liquid tokens, it's users have the option to quite easily move these funds over to Cubdefi.com for additional growth while still supporting the LEO ecosystem.
This strategy is allowing users to build their positions in a number of cryptocurrencies such as CUB, LEO, BNB, BTC, or BUSD. It's no wonder this is a popular strategy, you can effectively DCA your way into a position in any of these coins, while earning CUB for providing liquidity.
Versus straight powering up LEO there are some additional steps and potentially fee's in the path to the Cubdefi platform, something that should be taken into consideration. Likely still worth it for many as this is a popular strategy amongst those that want to grow their positions on these coins (BNB,BTC).
The Risks
There are additional risks that come with these LP's and their various currencies, but with the risks come the rewards.
Which token will have the best growth through the remainder of the bull run?
Would that be BTC, or alternatively as we're now in this cycles Alt Season perhaps there will be more growth in token like LEO, or BNB..
The risk comes with pairing two coins into an LP and having the price slip on one or both, leading to impermanent loss. Only a loss on paper until you withdraw and convert to another coin.
With some patients over the long run of the bull market there is certainly opportunity to take the additional risk and grow a position in both BTC and BNB which may outperform LEO. The choice is yours!
Which CUB Farms Are You Active In?
Are you using this strategy to gain a position in BTC, or BNB?
One of the great aspects of LeoFinance developing a BSC DeFi platform is that you have the choice with relatively easy access, enjoy!
Ciao for now,
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