The Imminent Threat of Centralized HIVE Liquidity | Time to Decentralize
Our focus lately has been intensely on growing the bHBD and bHIVE liquidity. We keep saying this and it's because the mission has been so near and dear to us: our mission is to create a sustainable, reliable and growing yield platform with the CUB Ecosystem.
We believe that bHIVE and bHBD have finally given us the technology and platform to make this a reality. The revenue last month was $9k while incentives paid out were $15k. This is incredibly important as the gap between how much CUB DAO is paying for capital and how much it is earning in revenue is continuing to close. We're nearing a time when CUB will actually flip deflationary and be buying and burning more CUB than is paid out on a monthly basis. We're hopeful this will happen in Q1 of 2023 (next few months!).
bHIVE and bHBD aren't just important for CUB though.. they're important for the Hive ecosystem.
Decentralizing liquidity on the Hive blockchain is one of the most important things that needs to happen in this bear market.
We just saw the blow up of FTX and a bunch of other centralized exchanges, hedge funds and crypto companies.
Right now, 99% of HIVE trading happens on Centralized Exchanges like Binance, Bittrex, Upbit, etc.
This is a huge vulnerability for the Hive ecosystem. Moving some of this trading volume to decentralized exchanges is vital to the success of Hive long-term.
Remember the Steem Hostile Takeover? It all worked out in the end, but a takeover like that was only possible because SO MUCH of STEEM's circulating supply was on centralized exchanges.
If we move to more decentralized methods of trading, we can remove some of that volume and floating liquid HIVE/HBD supply away from centralized players. This will give them less leverage in a similar scenario to the hostile takeover.
Mitch and I talk about this and more in this clip from the podcast.
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage & share micro and long-form content on the blockchain while earning cryptocurrency rewards.
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