Wow what a week in crypto! This has been so much fun and a wild ride to finally get a relief rally.
I think I speak for all of us when I say that this was much needed. The bear market was starting to seep into our veins and really take a toll on community efforts and the overall sentiment.
With CUB, we've seen a lot of growth in this time. The MTB is pushing $800k in liquidity.
Consistent growth for bHIVE and bHBD. This is the key. We don't need some pump and dump of liquidity.
We need liquidity to flow in like a steady stream.
We need to allow that stream to build itself into a monstrous river. Step by step. This is vital to fulfill the collective mission statement we all have for CUB:
- A reliable and growing income stream
In this report I focused on some key metrics around MTB liquidity as well as the status of burns. With the market exploding, you can see the DAO stockpiling stablecoins and waiting to buyback and burn CUB thanks to the moving average mechanism.
Judging on the last run in crypto, I think the mechanism will allow a few more days for the average to catch up before it begins buying and burning again.
Follow along as I report daily on @cubdaily 🙏🏽
P/E Analysis of CUB
Here's a new section I'm trying out. I decided to run a P/E analysis of CUB using data from each Monthly Burn Report posted by @leofinance. Check out the second analysis I ran and leave a comment below with your thoughts.
Keep in mind that a low P/E ratio is good. It means that the revenue that CUB is generating each month is increasing faster than the CUB price is increasing (more revenues earned per share of CUB).
CUB Rewards Flow
*NEW
Here's another new section of my daily reports. This chart will be updated monthly. It accounts for the flow of CUB rewards.
"Over time, I'll start collecting data on how much each Liquidity Pool actually earns for the CUB Protocol (through wrapping revenue, arbitrage, etc.). Obviously, that's a lot of data to capture! This tells us something very important though: is the DAO effectively using its monthly funds (inflation) in paying LPs to build liquidity that ultimately generates revenue. Let's keep an eye on it and see how this progresses, maybe the team can even take this data and use it to migrate multipliers to more effectively build liquidity in the pools that are generating the most revenue."
Locked CUB
A new section! The new CUB Kingdom is now live and we can track the amount of CUB locked and how long it is locked for.
- CUB Locked: 5,596,410
- Avg. Lock Duration: 33 Weeks
CUB Token
- Price: $0.02
- Total CUB Supply: 20,331,800
- Total CUB Burned: 1,996,886
- Total Market Cap: $406,495
- Total Value Locked: $1,374,198.55
Multi-Token Bridge Stats
- bHBD-bHIVE: $164k
- bHBD-BUSD: $315k
- bHBD-CUB: $141k
- bHIVE-CUB: $167k
- Total: $787k
WOW! Pushing $800k.... The MTB continues a skyrocketing path to growth!
I'm excited to see us hit $1M... Hopefully before the end of Q1 2023!
CUB Burns
Seems that the DAO moving average has not yet caught up. We haven't seen any buyback and burns this past week but that means that the DAO is saving up funds and will do massive buyback and burns as the moving average catches up with the rest of the market.
Keep in mind the DAO has a really interesting moving average mechanism to ensure that it doesn't buy CUB on massive spikes in price. Instead, it waits for the average price to be met before it begins buyback and burns. That means that a pump and dump manipulation can't force the DAO to buy at high prices.
Further Reading:
- Latest Reports From this Account: @cubdaily
- Latest CUB Burn Report From the LeoTeam: @leofinance/cub-monthly-report-or-november-2022-50-of-cub-inflation-bought-and-burned-tvl-continues-to-grow-and-arb-bot-2-0
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.