Unless you've been living under a rock you most likely know that CUB has been introduced to Kingdoms on CubDeFi Which is a game changer for the DeFi space in my opinion.
What are Kingdoms
Kingdoms are a new era to the DeFi space. It auto compounds whatever is staked in the kingdom and allows you to earn more than one DeFi asset. This auto compounding often earns a higher APR but also means you don't have to keep jumping in and doing it yourself and paying the fee each time.
For example staking CAKE within a kingdom not only earns you CAKE but also CUB.
Should I move my CUB from Dens to Kingdoms?
Well that choice is yours but let me go over the differences between the two.
CUB den has a 0% fee which means no fee is taken by CUBDeFi for adding or removing CUB from the den. However any time you want to harvest CUB this counts as one transaction thus you'll need to pay the Binance transaction fee. You'll again need to pay the fee when you go to stake the CUB again in the den if you want to compound it. That means two transactions have to take place manually by you.
This fee often isn't much we saw it spike to $0.60 during the mega rally earlier this year but it can start to add up.
With Kingdoms your transactions are auto compounded at roughly 11-12 times daily for CAKE and twice daily for CUB. (These values might change and you'll need to check each kingdom for Compounds/year Without you having to do anything or pay the fee manually. (there's still a fee but it comes directly out of your earnings) That might sound bad but at the rate it auto compounds your APR/APY rate actually continues to go up faster than that of the Den.
Not only that but the CUB in this Kingdom also earn BNB dividend from the management fees on other kingdoms. Now you're earning passive BNB rewards PLUS CUB all for staking CUB.
Read full details about this change and values here
Posted Using LeoFinance Beta
