Daily CUB Report | CUB's HBD and HIVE Liquidity Are Growing FAST!

We're seeing really crazy growth on the HBD and HIVE wrapping for CUB's Multi-Token Bridge.

Ever since the first CUB Monthly Burn Report posted by @leofinance 5 days ago, we've seen some really large quantities of HBD and HIVE getting wrapped to bHBD and bHIVE.

Really awesome to see so many people using the bridge these days. I think we'll continue to see a lot of growth for the bridge. The one big advantage that CUB has over PolyCUB is high APYs that are consistently high. The halvenings on PolyCUB serve to reduce daily inflation which is a double-edged sword.

Reducing inflation reduces oncoming supply which means buybacks can be lower. But it also reduces capital in the bridge since APYs are lower. This means that buybacks aren't as aggressive but they don't have to be since inflation is so low and getting lower.

On CUB, things are different. Inflation is high which means incentives to move capital across the bridge are high. This means big burns and consistent growth in the multi-token bridge. We'll have to see how these two models perform next to each other but so far I'm liking the CUB model the best - rapid and consistent growth with HUGE future burn potential.

Follow along as I report daily on @cubdaily 🙏🏽

Focus of the Day

Multi-Token Bridge Growth... Just take a look at the @bnb-hbd and @bnb-hive accounts! The amount of liquidity growing there is insane!

It just keeps going up. I imagine we'll see over 250k HBD in that account soon and well over 250k HIVE in the Hive oracle as well. These oracles are generating tons of wrapping revenues and the HBD one is generating over $1k per month in staking revenue now.

CUB Token

• Price: $0.2156
• Total CUB Supply: 17,145,854
• Total CUB Burned: 723,443
• Total Market Cap: $369,538

Data Sourced On-Chain

Multi-Token Bridge Stats

• bHBD-BUSD: $138k
• bHBD-CUB: $82k
• bHIVE-CUB: $101k
• Total: $321,000

Data Sourced On CubFinance

CUB Burns

CUB Burns are still increasing sharply. Pretty amazing to see that the CUB Multi-Token Bridge is burning so much of the supply.

If you compare the steep incline of the daily burns to the #1 IDO that we saw, we're seeing a consistent burn that is bigger than the team's original vision of burning big amounts of CUB through IDOs.

I think the MTB idea is far superior to anything else we see out there in DeFi. The key now is growing the MTB liquidity so that these burns can get larger and larger. Last month saw 200k CUB burned. Can 300k be burned this month?

How about 500k next month?

1M the month after?

It's possible seeing that the oracles have more than 2x their size since the first monthly burn report 5 days ago.

Further Reading:

• Latest Reports From this Account: @cubdaily
• Latest CUB Burn Report From the LeoTeam: https://leofinance.io/@leofinance/cub-s-first-monthly-burn-report-or-august-2022-204k-cub-bought-and-burned-50-yield-on-hbd

About CubDaily

I'll be using this account to report on the CUB stats each and every morning. Together we'll track the growth of CUB under the completely revamped ecosystem that LeoTeam has built called the Multi-Token Bridge.

Posted Using LeoFinance ^Beta

Posted Using LeoFinance ^Beta