The Burn
35,628 bLEO has been burned ($38,478.67 USD)
41,185 CUB has been burned ($197,482.08 USD)"
"80% of all vault revenue on http://CubDeFi.com burns $CUB and 20% buys, unwraps and burns $bLEO. We just completed another burn of 2,230 CUB and 13,864 bLEO." @FinanceLeo
What is going on with @CubFinance?! Part of how this token works is that- as the supply expands, CUB and LEO are both being burned. bLEO is wrapped LEO on Binance Smart Chain, and you can swap back and forth now with their handy tool, assuming you have everything configured properly.
I do not advise anyone to jump into this quickly, unless they are prepared to assume full risk and consequences, including but not limited to losing all your tokens. I don't know much about DeFi and have avoided it for the most part, but this past week I have taken it one step at a time.
What can you do without assuming so much risk? You can buy LEO, and stake it. The bLEO burn is reducing the supply. If you have CUB tokens on Hive-Engine, be aware that you must wrap them in the next few days, because they are set to expire and will not be usable after that.
The wrapping bridge from CUB HE -> CUB BEP20 will only last for 7 days (it will close on March 17th). The wrapping bridge from CUB HE -> CUB BEP20 only goes 1 way. Once CUB has been claimed on BSC, it will be burned on HE and HE CUB (the wrapping bridge) will be deprecated on March 17th. https://docs.cubdefi.com/tutorials/cub-claimdrop-tutorial
I did notice that INDEX tokens are distributing CUB.
Claim them in the next 24 hours!
You can also buy HIVE! With all the demand for LEO and CUB, demand for HIVE is rising.
CubDefi is only a week old, and I am not sure what is going to happen next.
https://goswapp-bsc.web.app/0x50d809c74e0b8e49e7b4c65bb3109abe3ff4c1c1
Pay attention to the @leofinance blog for updates this week.
"Being Afraid Of Everything Means You Learn Nothing."
-- Michael Burnham, Star Trek Discovery
Posted Using LeoFinance Beta
