After almost a week of being into the $CAKE Kingdom on cubdefi.com here are my results:
My assets on June. 3rd
My assets on May, 28th (Launch of Kingdoms)
So I earned in just a week 1.5 $CAKE. And to add to this great APY, $CAKE was c.16.5$ back then and it is now >20$. It feels great !
Announcement of Kingdoms: If I could I would make an NFT of this legendary tweet. I know it is because I come back from the future !
Now here are my thoughts and where we are going next
- It feels good to be able to earn 2 different assets that you believe in while just holding a single one
I earn all these extra $CUB with just a little additional risk: trusting CubDeFi auto contracts. And of course I do trust the @leofinance team ! - I think these Kingdoms are a game changer for $CUB as it brings a lot of non Leofinance / Hive users to the platform and brings the associated management fees of 1% !
- It seems like nothing but when I joined the $CAKE Kingdom there was c.130% $CAKE APY and c.95% $CUB APR. Today the $CUB APR is at c.33%. But CubDefi still collects 1% of my $CAKE revenues to burn $CUB. Therefore to sum it up if other Kingdoms will have the same behaviour, the $CUB APR will go down while the management fees will go up therefore increasing the burn and later increasing the $CUB price. This will take weeks to play out, but I believe the train has left the station.
- Friday AMAs are a great way to keep us in the loop and also to build confidence for the project. It might seems like nothing but when the price tank it makes me honestly relaxed because I know that people are building amazing things behind the scenes !
- A lot of things were pre-announced through the Leofinance account have not been yet done so I am waiting for nice Press Releases in major DeFi or Crypto News outlets. This has to be timely as the market needs to be bullish and Kingdoms released with no bug and maybe even waiting for the Certik Contract Audit
I honestly cannot wait for the future farms to come live !
Onward and Upward Lions 🐯 !
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