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Key CUB Metrics After Its Initial Launch

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@dalz
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CUB is around for just two days now, not much of a timeline data to show, but lets take a look at some numbers as they are at the moment.

We will be looking at:

  • Total Value Locked [TVL]

  • Individual pools liquidity

  • Inflation

  • Price

Total Value Locked

The total value locked is one of the key metrics for these platforms as it shows the amount of capital locked in the vaults of the platform indicting the trust in the project. In the case of CUB it also has a fee on the deposits that is used to burn CUB and LEO. The highest the TVL, the more CUB is burned.

At the moment of writing this the total value locked is standing at just above 7.2M!

https://cubdefi.com/

The growth of TVL has been amazing. The first million was reached in just a few hours after the launch, then a day later a five million and it looks like we are heading for the 10M in TVL soon.

Individual pools liquidity

I find this part a bit more interesting, since there is a lot of options where to pool. What are the most popular pools? Which pair holds the highest liquidity? Let’s take a look.

First the farms.

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

There is a total of 12 farms.
At the top are the two CUB farms, CUB-BUSD with almost 800k liquidity, then the CUB-BNB with more than 600k.
Combined from these two pools CUB now has around 1.5M in liquidity.

Outside of CUB pools, next is the ETH-BNB pool, followed by BTC-BNB pool. BTC and ETH rule 😊.

Interesting bLEO-BNB pool comes fifth, although it has a great incentives. I expect for it to clime the lather to no.3.

One other thing is that a of people were mentioning the stable coins pools, but obviously they are not in the top. Somewhere around the middle. The CAKE pools are on the bottom.

A total of 5.1M in the farms.

The Dens Here is the chart for the dens.

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, basically stake CUB earn CUB. BNB is second, but very close to USDT. BTC fourth.

Interesting BTC and ETH are not as high here as in the farms.
A total of 2.5M staked in the dens.

Inflation

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 Note: Week 1 starts on March 8th (launch day) and ends on March 15th. Emissions rate is reduced on the 15th to 2 tokens / block until the following week where it drops to 1 CUB / 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.

Price

At the end the price.

I found this tool for BSC token, but not sure about it legitimacy and wont share the link here.

CUB started at $3, went up to 14$ and a pull back to around 7$. These are early days, and the token is in a price discovery mode, so volatility is expected. There are buybacks from the fees as a support mechanism and not a lot of those funds have been used yet, so all organic price discovery. Also, a lot of development are planed going forward and integrations with other BSC projects.

Interesting times 😊 @daz

Posted Using LeoFinance Beta