It's preliminary because we're still just within or about 24hours since the launch. Also, I'm still learning my way around the liquidity pool game, so I've been threading with caution.
So far so good, most of gambled have paid off and I'm grateful about that.
I started off with one Pool; Bleo versus BNB pool because it was the path of least resistance. I initially intended to chill for a while and wait for the Airdrop but after @empoderat sent me some BNB that breathed more life into my progress, I decided to be more expansive.
I sold some Hive for like $500 USDT and then swapped it for BUSD. Sent the BUSD into my BSC wallet and then started playing my liquidity game.
At the time of writing, I've farmed 10 Cub tokens in total. Prior to adding BUSD to my wallet, I staked the CUB tokens in the den but that accrued a very tiny amount.
So sending my BUSD out of the exchange and into my metamask gave me another option to provide liquidity.
In this case, I joined the CUB versus BUSD pool, which is the most profitable of the lot, if I'm not mistaken.
Doubling up
So I took out my staked CUB, and then pooled it against BUSD. However, it was only like $90 of BUSD that left my wallet because the time I joined the pool, CUB was around $10.
This left me with a bit over $450 of BUSD, which I then staked in the Den. Staking in the Den costs like $19 worth of my tokens(4%), so I'll have to get that back through staking.
Since BUSD is a stable coin, I can hold it staked for as long as I want without taking any losses. This gives me enough time to mint enough CUB to absorb the available BUSD.
Naturally, this is dependent on the price of CUB tokens. Judging by how fast things are moving, it might take a few days to get there.
With the burns coming through, Airdrop and potentially more smart money from BSC expected to join the fray in the coming days, things are going to get very exciting from here on out.
