CUB As a Volatility Harvesting Platform

Breaking News: HIVE has pumped 30%. This is quite interesting to us with the new CUB setup. The Multi-Token Bridge on BSC has gathered $650k in Total Value Locked (HIVE Assets only) since launching about 9 weeks ago.

This is a radical shift in the way that the CUB economy works. ICYMI, CUB launched as a platform for yield farming - much like the others that launched around the same time in early 2021.

Since then, we migrated CUB from a simple yield app to a Yield Optimizer App - Called "Kingdoms".

This migration changed the dynamics on CUB, creating an environment where yield was generated from other platforms and utilized to autonomously buyback and burn CUB on a daily basis.

You can see the slow grind up for the amount of CUB burned in the chart below:

Do you see that huge uptick starting in August 2022? That's the Multi-Token Bridge, doing work.

The MTB is the new evolution of CUB. It's the new model for sustainability that we researched, developed and are now attempting to scale.

We believe that we have finally achieved a sustainable model for DeFi. It has taken many iterations, many experiments, countless hours on part of the dev team and community. We've called on a lot of different protocols to try and figure out what works and what doesn't. Much of our inspiration has come from Curve and MakerDAO - 2 platforms that have seemingly been able to build protocols that last and attract value.

CUB Is A Volatility Harvesting Platform

So HIVE has spiked 30% today. This is awesome to see for a lot of reasons. Obviously, we are all big bag hodlers of HIVE so it's great to see our bags get pumped and some value brought into the Hive ecosystem.

Hive is one of the best blockchains out there. Home to many of the most functional and actually utilized - by real people - dApps.

HIVE Pump = Good for CUB

Whenever we see volatility in the markets, CUB is going to perform extremely well. Remember: volatility is up or down. It's movement in the price of assets of any kind.

With today's Hive pump, we've seen a pump in the price of CUB. In the short-term, this pump is because of the bHIVE-CUB pool.

In the long-term, this pump is because the CUB DAO is earning disproportionate revenue in a time like this.

Volatility breeds Multi-Token Bridge Revenue. That MTB Revenue autonomously buys and burns CUB from the market, leading to further volatility (positive price action) in the CUB price which begets even more revenue.

It's a self-propelling ecosystem. You can see the volume of CUB-based liquidity pools pumped to $36k today. The average day sees anywhere from $2k - $10k volume traded on CUB pairs, so this is pretty incredible.

This also doesn't include the bHBD-BUSD and bHIVE-BHBD pools which saw 24k and 12.5k in volume (respectively) today.

Looks like that volatility harvesting model is working!

The Long-Term

In the long-run, we'll have to see how our newest experiment plays out. So far, it has worked phenomenally. Much better than I think any of us expected it to.

The MTB is generating a ridiculous amount of revenue and all of that revenue is burning CUB from the circulating supply. The effect of this has already had a positive impact on CUB: up 35% since the latest Cub Burn Report.

What we'll see from here is the scaling of the Multi-Token Bridge.

In the first CUB Monthly Burn Report, we reported $297k in Total Value Locked on Multi-Token Bridge Assets (HIVE & HBD).

Today, we just reached $650k in TVL for MTB Assets.

Where will we be next month?

For now, enjoy the HIVE Pump and happy weekend 🦁

About LeoFinance

LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

Our mission is to put Web3 in the palm of your hands.

Twitter: https://twitter.com/FinanceLeo Discord: https://discord.gg/E4jePHe Whitepaper: https://whitepaper.leofinance.io

Our Hive Applications

Join Web3: https://leofinance.io/ Microblog on Hive: https://leofinance.io/threads LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP Hivestats: https://hivestats.io LeoDex: https://leodex.io LeoFi: https://leofi.io BSC HBD (bHBD): https://wleo.io/hbd-bsc/ BSC HIVE (bHIVE): https://wleo.io/hive-bsc/ Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms

Web3 & DeFi

Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:

CubFinance (BSC): https://cubdefi.com PolyCUB (Polygon): https://polycub.com Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io

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