Those who have been using CubFinance will have this question in their mind. I had the same questions and I was even confused if I should be booking my profit or keep investing back whatever I earn. I then finally decided to stay invested for a little more time and then decide later if I should be booking my profits or not.
The reason why I came with this decision was that my initial investment was still intact and I did not lose anything so far. When the price of CUB tokens increases, I will usually see a pump in the overall value of my portfolio. Otherwise, the APR is still looking good even though we have many co-farmers. If the APR goes down, I might think about booking my profit to at least safeguard my investment.
I have to be very honest that I get this thought every time I harvest my earnings. I'm sure many people will have the same thoughts and I know for the fact that some people are also booking their profits. I heard from some of my friends that they have been reinvesting 50 percent of the returns and the remaining 50% they are taking out. That also works. Below are some of the things that we can do with the Harvested CUB tokens.
Trade CUB Tokens
This is a good option. We all know that CUB tokens are not fully stable in price. Sometimes it is over 4$ and sometimes it is below 3.5$. This gives a small trading opportunity for the CUB holders. Especially people who are harvesting a huge numbers of CUB every day can try trading. The CUB tokens harvested can be converted to stable coins when the price is high and then converted back to CUB again when the price is low.
There is also a high risk involved where if the CUB token price pumps to a big value, we might end up selling the CUB for a lower price. That can be a missed opportunity. But I'm sure that's a basic thing that every trader will know and we shouldn't be having any emotions if something like that happens and we can still continue because we can keep harvesting forever.
Stake it in Den
In the last few weeks, I had been staking my earnings in Den. When it comes to Den, there are a few options available. We can either stake CUB directly or we can convert it to other coins and stake it there. For example, if we convert the CUB tokens to other coins and stake them, there is a high possibility that our investment is safe even if the price of CUB goes down.
We have DOT, BTC, and ETH options there. We might have plans to hold BTC, ETH, and DOT for the long term. So if the CUB price goes down and the price of other tokens is intact, we will have a good opportunity to keep our investment and returns safe.
Purchase LP tokens and stake them in farm
This is one of the biggest revenue-generating things on CUBFinance. The reason is that the APR is still very attractive. I personally prefer the top three options. CUB-BUSD, CUB-BNB, and bLEO-BNB are all good for me. But I have invested only in CUB-BUSD LP. Next time if I decide to invest in LP, I might go with CUB-BNB LP.
I'm not going to for bLEO-BNB pair for now because I still have my goals set to gather at least a minimum of 5000 Leo Power before I start using my earnings on something else. So for now I will not be touching my LEO earnings.
Posted Using LeoFinance Beta
