LeoFinance

Daily CUB Report | 0.5 CUB Per Block is Now Getting Bought and Burned by the CUB DAO

2 comments-0 reblogs
avatar of @cubdaily
cubdaily@cubdaily
65
LeoFinance Badge
6 months ago - 2 minutes read

image.png

The latest CUB monthly burn report was posted by the team yesterday and we called it in these daily reports: November was the largest buyback and burn month for CUB so far!

The MTB protocol generated a whopping $9,125 for the CUB DAO and the DAO bought and burned 410k CUB with that $9,125.

Pretty freaking crazy.... That's such a large amount of CUB!

In fact, that is 50% of the monthly CUB inflation. You got it: we are now halfway toward the goal of flipping CUB deflationary (buying and burning more CUB per month than is issued to Liquidity Providers through block rewards).

1 CUB per block is generated by the protocol and now, 0.50 CUB per block is bought back and burned by the protocol.

Let that sink in.

Follow along as I report daily on @cubdaily 🙏🏽

P/E Analysis of CUB

Here's a new section I'm trying out. I decided to run a P/E analysis of CUB using data from each Monthly Burn Report posted by @leofinance. Check out the second analysis I ran and leave a comment below with your thoughts.

image.png

Locked CUB

image.png

A new section! The new CUB Kingdom is now live and we can track the amount of CUB locked and how long it is locked for.

  • CUB Locked: 5,133,357
  • Avg. Lock Duration: 31 Weeks

CUB Token

image.png

  • Price: $0.0206
  • Total CUB Supply: 19,189,206
  • Total CUB Burned: 1,801,714
  • Total Market Cap: $393,141
  • Total Value Locked: $1,257,192.14

Data Sourced On-Chain

Multi-Token Bridge Stats

image.png

  • bHBD-bHIVE: $144k
  • bHBD-BUSD: $285k
  • bHBD-CUB: $127k
  • bHIVE-CUB: $136k
  • Total: $692k

MTB is still steadily grinding higher! Despite the market dropping in value (mainly from HIVE & CUB not performing well the past 7 days).

Data Sourced On CubFinance

CUB Burns

CUB Token 2.png

1.8M CUB burned!

Wow this is incredible to see. We're going to cross the 200k CUB burned mark this month and nobody even saw this coming.

Just 4 months ago, we didn't have bHIVE and bHBD... Now they are burning 400k+ CUB every single month! Craziness

image.png

Further Reading:

  • Latest Reports From this Account: @cubdaily
  • Latest CUB Burn Report From the LeoTeam:

About CubDaily

I'll be using this account to report on the CUB stats each and every morning. Together we'll track the growth of CUB under the completely revamped ecosystem that LeoTeam has built called the Multi-Token Bridge.

Posted Using LeoFinance Beta

2