Pancake Token & CubDefi: Taking Great Advantage of The Dip

If you found CAKE token when the value was above $40, you will appreciate it at $7. I found CAKE when the value was $40 and I wished I had bought when it was cheap, here I am getting my prayer answered. CAKE is the native token for the pancake swap DEX. The Pancakeswap is used for a lot of things, being a platform on Binance Smart Chain, it’s usually preferred by others for its low gas fees.

If you are conversant with uniswap, sushiswap, or any Dapp on Ethereum blockchain you will have an idea of how expensive their gas fees are. These are all Defi platforms on the Ethereum blockchain. Pancakeswap is a Defi on Binance Smart Chain. Being a Defi platform, where liquidity is provided through liquidity pool providing, it gives people the opportunity to earn liquidity provider token,CAKE. When the CAKE token was released in late 2020, great utilities for the token was created, thereby driving the demand for the CAKE token high. The value of the token went high, which made me wished I grabbed it early enough.

Some of these utilities of CAKE tokens are staking, governance, lottery, IFOs and collectibles. So you see, the utility was encouraging, but during the bear season, the value started deteriorating, which was sad because lots of people really loved Pancakeswap. But a core pancake swap fan like me, will keep stacking up. I was lucky to have sold some of my CAKE at $10, now the value is lower, I decided to buy more CAKE tokens. This way I can stake them and earn more CAKE token, no matter how beautiful using Pancakeswap is, I still prefer to use cubdefi in staking my CAKE.

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This should be one of the best times to start utilizing cubdefi, what a way to stack up these funds to gain more POLYCUB airdrops. POLYCUB is an airdrop expected to be airdropped to cub stakers. Once again, the Leofinance team are working hard in bridging and connecting Hive with other blockchain. They have done this with trying to bridge leo token to Ethereum and Binance Smart Chain. You must have heard of the WLEO and bLeo, they are about to do same with cub token on Binance SmartChain, now moving to the polygon blockchain with polycub.

This is the right time to accumulate more cub tokens for the POLYCUB airdrop, I know you must have heard this so many times, but this is just a reminder. Not a financial advise, just a reminder. So many ways to earn cub, you can provide liquidity in the liquidity pool and earn cub token. You can buy cub token, stake it and earn auto compounded cub tokens. But the CAKE kingdom vault is my best because it allows me earn in CAKE tokens.

Posted Using LeoFinance ^Beta