Putting DEC to good use at CubFinance farm
There were some spare $DEC in @spliterlands which were transferred to my BSC wallet via the new functionality inside the game.
For the fun of it, I decided to use them half-directly in the *DEC-BUSD LP farm.
Half because I will buy $BUSD with half of $DEC in store.
Let's document the steps with $DEC already in @cubfinance.
1. buy $BUSD with $DEC
fee: 0.00112312 $BNB ($0.31)
2. add liquidity to receive LP tokens
fee: 0.0018332 $BNB ($0.50)
3. use LP tokens in farm
I already have a tiny amount of LP tokens in the DEC-BUSD LP. Adding newly acquired tokens will automatically provoke the harvest of $CUB.
Adding LPs
fee: 0.00118519 $BNB ($0.32)
harvested: 0.774 $CUB ($2.27)
These are tiny amounts and the farm widget displays 0 LPs. Still, they are there and working for me.
Conclusion
Around $1.1 in fees to put around $17 worth of $DEC to good use. Of course, it helps when absolute figures are bigger yet every little bit counts :)
Better and better
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You seem to be able to do that with a cheaper fee than me? what was the gas price? 10 Gwei?
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Checking ... Yes.
I am not touching anything in MetaMask...
I have often wondered how when I see gas prices on BSCscan that the minimum is sometimes less than 10, but whenever I change it to less than 10 it always fails.
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No idea. I don't ask nor meddle with gas prices. I just pay them.
Every time I start questioning about the price, I remember Ethereum gas prices, I stop wondering and start smiling :)
I have to get into the CUB game as soon as possible, FOMO is groing every minute!
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:) Don't be afraid of FOMO. Embrace it. Let it work for you :)
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I got my extra DEC into the farm while the 0 fees was on. So that's step 1. Now I have to learn when to harvest that CUB and what to do with it. 😂
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You can harvest CUB any time. And pay the transaction fee which is around $0.3 so ...
Yet, then you can reinvest harvested CUB into a den or a farm. And pay some fees again :)
We mustn't forget that this is BSC and not HIVE without the fees.
Good luck.
I'm learning that pretty quickly. There are fees everywhere in CubDefi! 😂
I won't be harvesting or staking too frequently.
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Yes, exactly. I ran out of BNB yesterday and I couldn't pay the fee. It was quite troublesome to refill the BNB part of my BSC wallet ...
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I tried something similar yesterday. I tried to swap CUB to BNB. No luck. In the end, I bought it at BInance and transferred it over to CubFinance.
Oh. That's a pain. I hope when the time comes I'll be able to swap DEC to BNB. I swapped to BUSD OK so . . . fingers crossed. 😁
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How did you get the BNB to metamask? I wrapped some Leo to bLeo but I can't do anything further because I can't pay the gas fees :(
Transferred it from Binance to BSC. You have to choose the right chain with the withdrawal.
cheers my friend, that was the most frustrating part. I thought that I could sell bLeo to get BNB for gas but it doesn't work this way. However thanks to your post I'm finally in the DeFi world :)
Yes, getting BNB in the right place is a challenge :)
Great, congrats and good luck!
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