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Will LeoBridge Bring CUB at the Forefront?

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Leonardo
@leonordomonol
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3 min read

LeoFinance's relentless pursuit of a true cross-chain decentralized exchange between the long-standing ETH and it's newest rival, BSC, has been nothing short of a thrilling wait, with it potentially releasing in mere hours, for everybody to see how it pans out. The bridging of those blockchains in hot demand are both going to bring CubFinance's price to new paradigms, and bring a service thought impossible to users on both ends of those chain at large as a trump card against the centralized alternative. Sounds great, right?

Well, it is sure to relieve some of the tremendous headache and migraine associated with trying to deal with Binance's on-site exchange, considering the fact a large number of crypto users are blockaded from accessing that valuable service if you are not using a VPN, but is it really going to embark CUB on price-discovery levels upon its release?

To answer that question, we have to first understand that LeoBridge's backend of ERC20<->BEP20 routing process utilizes LEO as an intermediary between the blockchains. The route through which your assets on either side go through can be simplified as:

  ERC20 <---> wLEO <---> LEO <---> bLEO <---> BEP20

...Which has no use for CUB during this rather daunting process. I can feel the weight of the fees in a transaction going through this bridge is going to put a hole through my MetaMask wallet just by looking at it like this from afar, but I digress. Therefore, an inference can be made that this isn't going to do anything of significance for CUB or for its ecosystem, but rather for the LEO token itself. Other DeFi projects' engine tokens, trendy examples of which such as Pancakeswap and Uniswap, appreciate in value the way they do because services, gambling-like or otherwise, and round-about use-cases where their own tokens are essential for the platform's operation were manufactured for them. Upon this inference, I question the decision of putting up LeoBridge up on CubFinance rather than huddling it in it most appropriate place as an option in between LEO dex and LeoPedia inside the drop-down menu to the upper right of your screen.

Perhaps it is not the the utility of CUB during this bridging process that's going to launch CUB upwards, but rather the burn fees attached to each trade crossing through LeoBridge that is to bring the cub out of its slumber. But the dogma of the situation is that the burning mechanisms' purpose is to strengthen and solidify price support levels. And in order for that to even happen, we need a slew of ways to burn CUBs. Pancakeswap is a mature and all-encompassing around the subject of burning and bringing a safe-haven token to its investors, with %71 of it's total supply burnt already, while CUB remains standing at %10.5. Clearly, many sinkholes and fire pits must be established to sacrifice CUBs if we want the burning mechanisms to be of any palpable worth.

If CUB were to be likened to a rocket heading for the moon, then burning mechanisms are simply fuel to that rocket to keep it afloat on its course. Fuel that is essentially useless without that spark of ignition, which I believe Kingdoms, coupled what what's left on the agenda of the developers, which will spark that ignition of interest, rather than LeoBridge.

It's my firm belief that the reason PCS was able to accrue such a lofty price, aside from being the first fully mature DeFi on BSC, is through active manufacturing of services that makes the utilization of its own token a necessity to operate, coupled with many burning mechanisms to keep the rocket flying. LeoBridge simply doesn't satisfy the former criteria when it comes to CUB, as it benefits the LEO ecosystem almost exclusively.

Conclusion

Aside from that, it is also my firm belief that we, CUB investors, have a muddied gem in our hands, and all we have to do is let that mud slide right off with every subsequent update and addition to the platform to realize the value of what we were holding all this time. That being said, I've still got all my crypto wealth staked in CUBfinance. Sure, we might end up in 2nd place when it comes to cross-chain decentralized exchange if Khal doesn't pick up the pace, but oh well, better to provide the service at large than to chase the trophy, right?

Thanks for reading!

Posted Using LeoFinance Beta