RE: LEO 🦁 Chart Looking Solid (Bought More Crypto And Still On BlackHole DEX)
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I removed most of my stake in LEO a while ago after the whole CUB thing, but I hope this turns out well for them. Anything that brings more positive attention to HIVE isn't a bad thing.
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CUB Finance was a banger for me partially because my timing and rotation was good on it. Partially because I had already been on Pancake Finance and had caught big wins with both BNB and with CAKE so I rotated a good chunk of CAKE into CUB in that first week and then rotated to other pools after that. When we had that huge pullback in mid 2021 I had rotated into the stablecoin pools on Cub Finance and those were bangers for me printing at about 40% APR then I was able to redeploy that when we came back up in Q3 and Q4. Polycub would have been a banger for me but I didn't rotate at the right time and I was fairly heavy in it. I also got burned when they had bridging issues with bHBD.
So with this LEO play I just have a small amount in and seeing if it can produce 10X on a small bag. I like a lot of the concepts they are testing. I like the fact that they are multichain but I don't like the fact that they launched the two farms and then partially abandoned the participation on those chains. We could certainly say those types of farms somewhat had their run but that is another reason I'm engaged in that BlackHole DEX. They are trying to create more value for the farming token.
All these concepts together make a fuller formed ecosystem. The L1 chains need Money Markets and DeFi and that is one area HIVE and ICP lack in.
I liked that Cub Finance was an extension of the HIVE assets over to the BSC to provide more of those capabilities but unfortunately it couldn't continue.
I was in CUB and PolyCUB as well. Though I didn't play it as smart as some people did. I had too much faith in the system and too little knowledge of DeFi. A lot of my gains last cycle went into CUB and PolyCUB and I ended up riding it all the way down to pretty much nothing. Totally my fault, but it still left a bad taste in my mouth. CUBLife that SSUK ran did much better for me as he was managing it and I was able to bank a lot of LEO back then. I still hold about 1/4 of it.
It was certainly tough with PolyCub because the overall market was falling apart when that one was running. When the tide is going out it will take the wind out of the sails.