It's no secret that bHIVE & bHBD have taken the forefront of the CUB Protocol's future. Over the last 12-18 months, we've been working hard through trial and error to figure out how to build a sustainable, reliable and growing defi yield protocol.
Little did we know that the secret lay right in front of us: Hive.
Building HIVE and HBD derivatives has turned out to be extremely profitable for the CUB DAO. Through Wrapping Fees, Arbitrage and Oracle Staking, the DAO has consistently grown its revenue each month. Last month, it surpassed $9,125.
100% of this revenue buys CUB on the open market and burns it.
Last month, it paid $15k in incentives to $625k in liquidity. It generated $9,125 in revenue so that leaves a deficit of roughly $6k. As that deficit gap closes, CUB will become deflationary and we believe this will lead to a pinwheel effect of liquidity growth (since a higher CUB price = more APY for LPs = more liquidity = more revenue each month = higher CUB price from buyback and burn activities increasing).
In this clip, we talk about our vision of the future. Can we 10x the revenue from current stages? $625k in liquidity will become $1M and then $1.25M and so on and so forth. Will the pinwheel effect keep pushing liquidity to new heights and thus, grow revenues to new heights? What kind of CUB economy do we have if $90k per month is generated to buyback and burn CUB?
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.
Our mission is to democratize financial knowledge and access with Web3.
Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io
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
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 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
▶️ 3Speak
