RE: RE: Introducing LeoBridge: Permissionless Cross-Chain Swaps ERC20 -> BEP20
You are viewing a single comment's thread from:

RE: Introducing LeoBridge: Permissionless Cross-Chain Swaps ERC20 -> BEP20

Words
160
Reading
1 min
Listen
Play
5y

Congratulations on finally rolling this out. It was a long journey I am sure. It is great to see the result of all this time and effort.

CubFinance is something that, like Leofinance, is starting to shape up. Long-term outlook is vital for all this. Projects are not built overnight. Development takes time, especially when doing something more than copy/paste.

Outside of slippage and gas fees, LeoBridge takes a 0.25% swap fee. This swap fee is sent to the Cub treasury and 100% of the fee is utilized to buy/burn CUB and bLEO using the same structure as Cub Finance vault revenue.

  • 80% of the swap fee burns CUB
  • 20% of the swap fee burns bLEO

If LeoBridge becomes a huge success, this is going to eat up a lot of tokens. Remember, LEO is already very tight in terms of the circulating supply. And CUB could quickly find itself in that same position.