In this episode of the weekly AMA, we talk about all of the amazing changes happening on CUB.
As we recorded this, the CUB DAO officially went live. This contract now buys and burns CUB autonomously at random intervals throughout each month using the Multi-Token Bridge revenue generated by bHIVE, bHBD and bLEO.
It's pretty incredible when you sit down and run the numbers on the MTB. As of today, the MTB LPs have just $217k in them and have been live for less than 1 month.
As these LPs grow, the revenue grows exponentially. We are currently on pace to earn ~$4,100 in MTB revenue for the month of August. Keep in mind that the MTB has just started on CUB and is still growing. PolyCUB's MTB generated ~$11k in the month of July, so that may be a nice figure to keep an eye on for CUB next month.
As CUB's MTB grows, we'll see even heavier burns. Right now, the DAO is set to buyback and burn over 200k CUB for the month of August.
Next month, we'll likely burn a lot more than that. Before the MTB went live, the total amount of CUB burned since the launch of the platform in March 2021 was 517k CUB. That means that in the month's of August and September, we'll burn more CUB than was ever burned since the inception of the platform.
We're ridiculously excited about what's about to happen to CUB. With the fully functioning DAO contract in place and the Multi-Token Bridge growing in the TVL of assets pooled on it, we're about to create the ultimate DeFi ecosystem. We've waited so long to achieve sustainability and now we are on the cusp of it.
How can you help build the platform and generate bigger CUB burns? Head over to this official update from the team to find out: @leofinance/earn-62-apy-on-your-liquid-hive-and-hbd
About LeoFinance
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.
Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io
Our Hive Applications
Join Web3: https://leofinance.io/
Microblog on Hive: https://leofinance.io/threads
LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
Hivestats: https://hivestats.io
LeoDex: https://leodex.io
LeoFi: https://leofi.io
Polygon HBD (pHBD): https://wleo.io/hbd
Polygon HIVE (pHIVE): https://wleo.io/hive
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