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bHIVE Liquidity Pools on CubFinance Would Increase HIVE Volume, Make HIVE More Scarce And Stabilize The Price

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@reonarudo
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LeoFinance has been tremendously successful at making use of DeFi to increase the price of LEO significantly and seemingly also make it more stable thanks to higher volume. The wLEO-ETH pool on Uniswap started the trend and was followed by a huge boost to the price. CubFinance has bLEO (wrapped LEO on Binance Smart Chain) paired with BNB.

I think adding a bHIVE ("bee hive", I like the sound of that!) token to CubFinance with trading pairs against bLEO, BNB and BUSD is worth considering.

The best part of my proposition is that the liquidity provider rewards would not have to be paid solely (or perhaps not at all) in CUB but they could be paid in bHIVE as well. The HIVE to back up those bHIVE tokens could come from the Decentralized Hive Fund through a proposition put in place to direct funds that way. It would be up to the community to decide how much it wants to dedicate to paying liquidity providers to hold bHIVE in the above mentioned pools.

Posted Using LeoFinance Beta