Daily CUB Report | Multi-Token Bridge TVL Has Flippened the CUB Total Market Cap! 🚀

It's official! The Multi-Token Bridge pools are now totaling $389k in TVL. That's an incredible achievement.. Why? Because the current total market cap of CUB is only $369k.

MTB has been increasing dramatically on a daily basis, if you read yesterday's CUB Daily Report, then you'll know that MTB TVL was only $361k.

This means that the Total Value Locked in MTB pools has increased by $28k overnight... A ~8% increase in one single day!

At this rate, I expect $500k+ in MTB TVL by the end of September. I also predict we'll hit $1M before the end of 2022.

These figures mark a very important event for CUB's Ecosystem. As MTB TVL grows, CUB burns will grow and if the market cap of CUB stays the same, this will cause more CUB to get burned than is created.

That is the definition of a deflationary token. While LUNC is trying to create deflation through a 1.2% transfer tax, CUB is already gearing up to create deflation through Multi-Token Bridge Wrapping, Oracle and Arbitrage revenue.

If this pace of growth keeps up, CUB could slowly grind higher and become a massive player in DeFi once again. Imagine if MTB TVL could reach $10m+ as some point in the distant future. Will that happen this year? I don't think so. But I do believe it could happen over the next 2-5 years.

This is a long-term game and I am placing my bet by acquiring CUB on a daily basis and adding as much as I can to the MTB TVL to ensure CUB's success.

Follow along as I report daily on @cubdaily 🙏🏽

Focus of the Day

MTB TVL has flippened CUB's Market Cap!

This marks an important event in the rebirth of CUB. The market cap is so low. If the market cap remains low, that simply means that massive quantities of CUB will get burned.

If the market cap starts to trend up with the MTB TVL (as I expect it will), then we'll see the CUB Token Price increase which means less CUB Tokens getting burned but MORE value for LPs and thus black hole theory sucking in more MTB Assets since APYs on all the vaults will increase alongside the CUB price.

LeoTeam has created a really interesting equilibrium here.

CUB price goes up = more APY in vaults = MTB TVL grows

CUB price goes down = less APY in vaults but consistent MTB buybacks will equalize market cap and keep APYs stable

CUB will fail unless escape velocity is reached. How far away are we from that? I imagine not far. Somewhere between $500k - $1M is likely our escape velocity figure in terms of MTB TVL.

Considering that the MTB pools have been growing by more than $25k per day for the past several weeks, it'll only be about 1 month until we reach escape velocity by my rough calculations.

View the burns each month to keep up with it 🚀

CUB Token

Price: $0.02139
Total CUB Supply: 17,299,672
Total CUB Burned: 732,784
Total Market Cap: $369,387

Data Sourced On-Chain

Multi-Token Bridge Stats

bHBD-bHIVE: $44k
bHBD-BUSD: $158k
bHBD-CUB: $84k
bHIVE-CUB: $103k
Total: $389k

MTB TVL has officially flippened the market cap of CUB!

What does that mean? Bring on the burns!

Data Sourced On CubFinance

CUB Burns

Over 10k CUB was burned since yesterday's report!

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.

Posted Using LeoFinance ^Beta