DeFi Staking and Providing LP To The Pool, My June Profit

July 2, 2021

DeFi Staking and proving LP to the pool are some of the ways to earn more crypto amid the volatility of the market. Although there are risks as well, there are also ways to avoid the risks and to keep the investment safe in DeFi platforms. Just make sure to choose the reliable platform in staking, and in providing LP to the pool, make sure to chose the pairs with stable coins. In this way, you can prevent your crypto from getting huge impermanent losses.

New month, new investment, new profit, big or small, what matters is, our crypto should not be stagnant and should continue to grow.

On the first day of May, I have continued my staking and I have provided LP on DeFi platforms like PanCakeSwap and Cub Finance.

Adding Assets To Liquidity Pool Again And Trying The CAKE Auto Pool

How much did I earn?

PanCakeSwap

PanCakeSwap is the top BSC Defi Platform. So far, I like the Auto CAKE of PancakeSwap as I don't need to harvest and stake again my CAKE profit as it is auto compounding, thus, saving the fee as well.

I have staked 11.886 CAKE at a $40.85 price and with 148.57% APR. And since it is compounding, the 11.886 CAKE became 13.58538 CAKE and I earned 1.69930 CAKE from it or $22.80 which is not bad at all. At the time of writing, the pool APR goes down to 106.15% and the price was $12.942 per CAKE.

If you are planning to stake CAKE, you can put them on PanCakeSwap and try their Auto Cake with 0% unstaking fee and with only 2% performance fee. Instead of just holding your CAKE in crypto exchange, better stake them at PCS so generate more profit.

CUB Finance

Cub Finance is an extension project of LeoFinance and still an infant in the DeFi world. However, it already has $8,689,831.57 TVL with a total supply of 4,072,335 CUB.

CUBFi Farm

I have added 38.794 CUB and 101.77 BUSD LP pairs to the pool and got 60.956 LP tokens. After a month of putting them in the pool, it got a profit of 26.956 CUB or $15.014. From 293.80% APR, it goes down to 180.32% and the CUB price dropped to $0.551.

CUBFi Dens

The 22.753 CUB I have staked only earned 1.193 CUB which is so little but better than nothing. The APR goes down to 53.92%.

I have harvested my profits from both CUBFi Farm and Dens and got a total of 28.150312 CUB, and I have spent $0.50 BNB for the transaction fees.

I then staked the 28.150312 CUB at the Dens with a transaction fee of $0.29 BNB, which made a total of 50.903 CUB at the Dens with 53.92% APR.

So the profits I have earned from both platforms in June:

1.69930 CAKE

28.150312 CUB

These are not huge but better than earning nothing. I'm thinking of what asset to sell so I can buy more CAKE and CUB while the prices are still so low, but definitely not BCH. If you guys want to try DeFi staking, PanCakeSwap and Cub Finance are good platforms.

You can also read this article to know more things about DeFi staking.

My First Time Yield Farming On Pancakeswap And Things You Should Know About Yield Farming

Aside from staking and providing LP, I'm also compounding my BCH at Nexo to gain daily interest. If you want to know more about it, you can check this article below. I was supposed to send my June readcash earnings last July 1 to Nexo, but I can't put my fund in their Fixed Terms for some error, so I decided to just save my June earnings in my Bitcoin.com wallet. But I'll gonna try next time if it will work already since I like putting my funds in the Fixed Terms account because of the higher daily interest.

Earn While You Sleep With Crypto Compounding

More ways to earn crypto:

Can't Think Of Anything To Write? Explore The Crypto Space

Invading The DENS Of CubFinance

Grab These New Crypto Opportunities

Grow Your Bitcoin Cash, Collect Waifus on the Juungle

Saving Bitcoin Cash Through Stormgain's Trading and Mining

Spot Trading On Binance

My First Live Future Trading on Binance

Thanks for your time. This will be just a short article.