I was patiently waiting for variable staking in CubFinance. Today is the day it all became a reality. I locked all my xPOLYCUB into vexPOLYCUB as soon as the feature became available. Locking up CUB is only 52 weeks at maximum. Obviously I jumped ship to loose access to my funds in exchange for a better APR.
The Improved CUB Kingdom
CubFinance has been diligently building even in the bear market. It has some of the best opportunities to earn a good APR in a safe manner on BNB Chain. I am utilizing none of it except CUB! I'm all in on CUB. I am not invested in any stablecoin strategy or HIVE related Farm or any other Farm/Kingdom. My DeFi investment on BNB Chain has been a diamond paws bet on one asset and one asset alone!
Tutorial to Migrate Your CUB Investment
If you don't already own CUB, you can buy some while the prices are cheap. POLYCUB may fall a bit further. CUB on the other hand has been maintaining its value in 2-3 cents range. This is CUB during last 3 months:
Start With Withdrawing Funds
Make sure to have some BNB in your wallet. Don't worry about cost. It won't even take $1. You can buy some on HIVE-Engine DEX.
Approve The New Contract
Stake in New Kingdom
I faced an error when clicking on "Locked". After few attempts I decided to click on "Flexible" and stake.
Convert To Lock
After staking in the new and improved Kingdom, you can start earning ~2 times the APY while waiting for CUB to reach new heights as DAO buy and burn more CUB with its revenue.
It is this final bit that will consume most of the GAS Fees for this operation. It is far lower than the cheaper transactions on Ethereum; but infinitely more expensive than fees paid on HIVE or Koinos.
Bear is Time to Build; Not Sell
Bull markets are saturated with all sorts of competition. Even bad projects get to shine. In fact, most of the projects that shine during bear markets have weak fundamentals and strong marketing. If you don't join the projects that are building while others bail out and lose interest, you are going to miss out on the best of gains that can be achieved without luck or excessive stress.
Leoverse is one of the best teams building DAPPs in cryptosphere. Their history can be verified on HIVE, BNB and Polygon. There is very little left to trust when you can research and verify!