RE: RE: Daily CUB Report | HIVE Price Skyrockets and Creates a Vortex of Value for CubFinance
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RE: Daily CUB Report | HIVE Price Skyrockets and Creates a Vortex of Value for CubFinance

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4y

The DAO continues to accumulate $$ from Multi-Token Bridge revenue but I believe the team has stated in a few different places that the DAO Buyback Contract uses a trailing average price feed

Since the price of CUB is up over 30% in the past 7 days, I assume the DAO has avoided buying much CUB. Though, it's hard to tell what timescale the DAO is operating on with this trailing price feed

If the timescale is around 7 days, then the simple moving average should be catching up to the new baseline price of CUB - 20%-30% higher ($0.021 -> $0.025)