Diesel Pools Are CUB Kingdoms on HIVE With A Better User Experience!
At one point CUB and POLYCUB was the accounted for more than half of my net worth. I have never taken out a single cent out of what I invested into CUB and POLYCUB despite all for the wild swings we have experienced. I believe in both of these projects very much. I'm also a believer in the potential of HIVE. Sometimes DAPPs are restrained not by lack of development skills, creativity or tokenomics but by the limitations of the blockchain (or other DLT technology) they are running on. That is when all the amazing features of HIVE comes to shine. Amazingly, the lack of smart contracts is a part of that.
I have been a part of Diesel Pools for five days. I started with a small $26.90 investment after encouragement from @ganjafarmer and the full experience was detailed in this article.
Performance of My Investment So Far
The cryptocurrency markets have not fully recovered yet. While the USD value of my liquidity provided is going down, I have been earning fees + additional rewards from @splinterlands
I did some quick math to calculate an APR. If I multiply the fees earned by 73 and take it as a percentage of my initial investment, I'm looking at 16.8% which is already better than most traditional investments.
Time To Claim DEC Earnings
Various projects can incentivize providing liquidity through additional rewards on top of fees. One way to do it is through Tribaldex Interface. Large DAPPs lie @splinterlands decide to use their own interface where users can start claiming their additional rewards:
I'm told this is a 54.97% APR by the interface. Considering that DEC prices are not expected to move too much from $0.001 we can be looking at a fairly stable return throughout the year. Since DEC is trading below the soft peg, we can expect these earnings to be worth more in future without much downside (because DEC allows users to make @splinterlands purchases at $0.001/DEC effectively acting as a discount).
Traditional DeFi Farm vs CUB Kingdom
Traditional DeFi has its own annoying steps; each with its fees ranging from cents to few dollars (on Ethereum).
- Approve Contract
- Add Liquidity
- Claim Rewards
- Exchange Farm Rewards
- Compound Liquidity
- Loop The Last 3 Steps
The amazing thing about Kingdoms is the ability to approve the contract and forge it after adding liquidity to it. This is a very big selling point for CUB and POLYCUB. I have absolutely loved this part of the experience. There is no optimizations. Using Kingdoms is the optimization!
Diesel Pools Are Autocompounding!
This does not apply to the additional rewards earned on top of fees. You will have to manually add them if you want. On the bright side, there are no contract approvals or transaction fees involved. Install HIVE Keychain on your browser and all you need is few more clicks.
Topping Up With My Idle Funds
I have some bits of HIVE left with me from posting on blockchain (bought with HBD as HIVE is way too cheap at the moment). I'm earning almost 60,000 DEC monthly from Card Rentals. I'm going to use @hiveupme to move my HIVE to HIVE-Engine and top up my position by few more dollars.
What I'm lacking in is not DEC. I have plenty more in game. It is HIVE that is in lower supply:
This is a small addition of funds. My current plan is to keep topping up my liquidity with idle funds I have to earn some extra income. DEC price has not been doing anything erratic for a while when priced against HIVE. Even if HIVE went parabolic, I can treat this as a way of taking profit by selling HIVE for DEC (which functions close to a stablecoin).
This is Not Investment Advice; It is History on Blockchain
Posted Using LeoFinance Beta
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good information, keep it up.
Thank you!
!PIZZA
My SWAP.HIVE:SPS liquidity position went down from $0.82 USD to $0.72 USD in three days. Currently it is worth $0.73 USD. I have not put a bigger amount into it, because I do not want higher risk. I currently have 0.754 SWAP.HIVE and 5.844 SPS in it.
As market ebb and flows, it will do that however those numbers are still making interest and still growing. Even though it went down you are still raising the amounts that you have.
That is fine. The overall market is falling down. The prices will go up when DEC and HIVE get a pump. If you want more stability, you can use stableocoin pairs on POLYCUB or CubFinance
!LUV
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Excellent opportunity for other people who are wondering about these opportunities to see you begin and develop from the beginning. Love your content and this is really awesome so I'm going to share this!
If you continue teaching and inspiring others to invest in themselves and our blockchain I think you will do extremely well here.
Many blessings for such an amazing amount of effort and an excellent quality post!
Thank you very much for the compliments. I have been actively blogging on HIVE for 4 years now. I do it mainly out of personal satisfaction. The earnings help to keep myself from having to focus too much on regular life things. I have put practically of my net worth into cryptocurrency and currently living a very frugal life. It has been tough but I definitely consider it worth the effort. If I can enlighten more people to make better informed decisions,I'm happy to do it.
I currently earn more in passive income that what I make from writing. Yet I have no intention of stopping because I have learned so much from interacting with smart people here. The quality of the experience on HIVE is at least on par with a paid investment group if you know where to look. Thank you again for the kind words.
!PIZZA
!LUV
!CTP
Absolutely I had to liquidate my positions while back and I'm slowly building my way back up to where I was however I am really content with my current positions right now especially in the future.
The biggest thing is getting to compound interest on funds that I already have and getting them to work for me and open up even more investment opportunities.
I am so happy and even though my life is very frugal as well I am able to allow this to accumulate and occasionally take a little bit out here and there to help with my life and living.
And actually I am so excited!!!!
It is a travesty how much this idea of compounding is ignored in mos DeFi projects. At least CUB and POLYCUB has Kingdoms. Most DeFi projects don't have a similar feature. HIVE is so far ahead. What we are seriously lacking in is marketing!
!PIZZA
!CTP
Absolutely and I really can't wait until we get some more Auto compounding options going so that I don't have to recompound all of these funds into my growth.
Really love your content hopefully I continue seeing you even more of it in the future and even learn!!!
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STOPI think the biggest issue with the pool positions is IL but I think it evens out over time as I expect DEC to have a more or less consistent price. So it depends on the price of Hive and whether or not the trading fees and rewards can make more of a profit over it.
Posted Using LeoFinance Beta
If you plan to HODL HIVE, impermanent loss does not even have to be a concern. All you need is an ROI that can compete with HIVE staking + curation earnings.
!PIZZA