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CUB Data On Total TVL By Farms and Dens, Inflation and Price

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Dalz
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CubFinance launched around March 8th, or just above a month. It’s been a great months for the platform as it found some stability after the launch and a clear roadmap going forward. Also, a lot of lions have made nice yields in this month.

After the first couple of days, I have made post with some CUB data:

Time to revisit now and see how things stands and what have changed and look at some additional data as the supply.

We will be looking at:

  • Total Value Locked [TVL]

  • Individual pools liquidity

  • Inflation

  • Price

The total value locked TVL usually is one of the key metrics that is looked at about these platforms. Cub is not yet in some of the apps that are tracking this metric over time, but I have managed to gather some data and represent a rough chart on this.

Total Value Locked TVL

Here is the chart for TVL.

Note, as mentioned this is not an exact representation of the TVL, but a rough estimation.

As we can see CUB has an amazing start reaching more than 10M in TVL just in a few days after its launch. There was a period of small decline and then at the end of March, a sharp growth again, reaching 18M. There was a no fees day around that time, so this has most likely increased the TVL. In the last days we have seen another growth reaching 20M in TVL.

Farms and Dens

CubFinance had some restructuring on the farms and dens after the initial launch. Some of the farms and dens with not a lot of liquidity were removed, and the BUSD-DEC farm was added.

Farms that got removed:

  • BNB-BUSD
  • DOT-BNB
  • USDC-BUSD
  • CAKE-BNB
  • CAKE-BUSD

Dens that got removed:

  • USDT
  • BUSD
  • USDC
  • DAI
  • BNB
  • CAKE

From the dens, all stables were removed, since users have the stable to stable option in the farms.

First the farms.

Note this numbers are at the moment of writing this, they can change fast.

There is a total of 8 farms now, down from the previous 12.
At the top are the two CUB farms, CUB-BUSD with almost 4.2M liquidity, then the CUB-BNB with more than 3.3M. Combined from these two pools CUB now has around 7.5M in liquidity.
Outside of CUB pools, next is the bLEO-BNB pool, with 1.3M in liquidity. These three pools are the most incentivized so there is a good reason why they are on the top.

Next are the ETH-BNB and BTC-BNB pools. Obviously the top two coins, and then the stable coins pools.

A total of 13M in the farms.

The Dens Here is the chart for the dens.

A lot of dens were removed and now there is only four of them. CUB, BTC, ETH and DOT.
Dens are single assets pooling, if you want to avoid impairment loss. You stake your asset and earn CUB. CUB is on the top here with 2.5M, basically stake CUB earn CUB.
BTC is next with 1.7M, followed by ETH and then DOT. A total of 6M staked in the dens.

Inflation and Supply

CUB is starting with a low initial supply and high inflation and no presale. What this means that going forward most of the token supply will be mined by liquidity providers.

As stated in the docs the inflation goes like this:

Emission Rate Week 1: 3 tokens / block Week 2: 2 tokens / block Week 3: 1 tokens / block

At 3 tokens per block this is around 86.4k tokens per day, at 2 tokens per block, 57.6k and at 1 token per block 28.8k tokens per day and this will stay until the community decided otherwise. If the 28.8k tokens per day stays in the first year, there will be around 10M tokens minted.

Burns

The fees that are earned from deposits are used to burn CUB. Here is the chart.

More than 200k tokens burned now.

When included the burns the **supply looks like this:

We can see that in the first two weeks there is a sharp increase in the supply since the inflation per block was x3, then x2. Since then, we have a more gradual increase, and the burns are also reducing the supply. At the moment there is around 1.7M CUB minted and with the burns the supply is around 1.5M. More than 10% of the supply has been burned in the period.

Overall, the inflation is still high, with around 850k tokens per month, but as the base increases the relative inflation will drop. In a year time with 10M CUB in circulation and 840k tokens per month created the inflation will be less then 100%, then the next year it will drop to 50% etc 😊.

Price

At the end the price with data from coinmarketcap.

The first days are missing here, since CMC didn’t list CUB on day one, but we can see that in the last 30 days CUB has been trading in the range from 2$ to 5$, and quite stable in the last week just above the 3.5$ mark.

All the best @dalz

Posted Using LeoFinance Beta