Multi-Token Bridge: Taking CUB and HIVE to New Horizons
The Multi-Token Bridge - bHIVE and bHBD - has continued to grow and expand its reach on CubFinance. The MTB has brought the CUB economy to places where it has never been before and it is also doing the same for HIVE and HBD trading.
The goal is two-fold:
- Finally deploy HIVE and HBD trading to decentralized exchanges - something that is highly valuable to the Hive ecosystem
- Create revenue-generating mechanisms for the CUB DAO to benefit from and ultimately earn revenue to buyback and burn CUB
We're achieving both of these with each passing day. Liquidity continues to increase for both bHIVE and bHBD and the trading volume is scaling right along side it.
In November, the total revenue generated from the bridge was $9,125. We're about to deploy arb bot 2.0 which - we hope - will 2-3x the current revenue on CUB. This would flippen us deflationary on CUB as more CUB would be bought and burned each mont than is paid out to LPs!
Our goal is to slowly grind up the liquidity of bHIVE and bHBD - and it's working. Each month, the liquidity in these pools is higher than the month before. We're slowly closing the gap on what's paid out in LP rewards ($15k per month) and revenue from the bridge ($9k per month).
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 & share micro and long-form content on the blockchain while earning cryptocurrency rewards.
Our mission is to democratize financial knowledge and access with Web3.
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
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: