CUB Update | Multi-Token Bridge Revenue Up 2x, 1.1M CUB Burned and TVL Surpasses $1.4M
CUB has completely changed in the past 2 months. We launched the Multi-Token Bridge and since then, the price of CUB has grown by about 30%.
We're seeing steady growth with this new model as opposed to steady deterioration in the CUB price. This is a fantastic sight to see.
Steady and consistent growth in the CUB Market Cap is good. This is what we want to see. The CUB DAO is using Multi-Token Bridge revenue - $6k last month and likely to be a lot higher this month - to buyback and burn CUB on a daily basis.
The burns continue to grow exponentially. So far, 1.1M CUB has already been burned and we are nearing 500k CUB burned per month at current rates.
It's taken several iterations of DeFi models to hit upon a model that generates the revenue needed to drive consistent growth. Looking at the burn chart of CUB and also the CUB Market Cap since MTB launched, it seems like we've been successful in finally creating a model for DeFi that works.
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 and share content on the blockchain while earning cryptocurrency rewards.
Our mission is to put Web3 in the palm of your hands.
Our Hive Applications
Join Web3: https://leofinance.io/
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LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
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BSC HBD (bHBD): https://wleo.io/hbd-bsc/
BSC HIVE (bHIVE): https://wleo.io/hive-bsc/
Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms
Web3 & DeFi
Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:
CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io
Congratulations on the success of the multi-token bridge and your Cub buyback model.
I have been with Leofinance since Steemleo days, and I take pride in each of your successes.
Congratulations and Enjoy!
You deserve to savor this success.
Posted Using LeoFinance Beta
This is a nice update, and I am hoping that after the fork, probably there should be a rise on hive too
your doing great work im thinking of buying some cub tokens
what is polycub apy?