Daily CUB Report | Almost 5M CUB Now Locked for 26+ Weeks! 1/3 of Available Supply Has Been Reduced
Another day, another CUB report. We're seeing a lot of growth for CubFinance on all fronts.
Most recently, the new CUB Kingdom was released. This Kingdom allows anyone to deposit CUB for either flex staking or locked staking.
Flex staking offers 3.5% APY while locked staking offers 35% APY.
This is a really great thing for the platform. It means that users who are diamond pawed and want to signal long-term belief in the platform are properly rewarded. They're given the highest APY of any vault across the platform. That's awesome to see!
We're seeing over 4.89M CUB in that vault already (locked, not including flex) which means that nearly 5M CUB can now not be accessed for the next 26 weeks (on average).
Wow... Talk about reducing available supply on CUB.
Little does anyone realize that we just removed essentially 30% of all CUB (close to 1/3) from circulating supply that is available to reach the marketplace.
That's nuts. It is not priced 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.
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: 4.89M
- Avg. Lock Duration: 26 Weeks
- Price: $0.0214
- Total CUB Supply: 18,942,245
- Total CUB Burned: 1,572,986
- Total Market Cap: $405,930
- Total Value Locked: $1,265,899.74
Multi-Token Bridge Stats
- bHBD-bHIVE: $145k
- bHBD-BUSD: $266k
- bHBD-CUB: $129k
- bHIVE-CUB: $129k
- Total: $669k
TVL still rising! This is amazing to see despite continual drops in the market. As things have evened out with some sideways price action as of late, we're seeing a rapid rise in MTB TVL in USD terms.
Likely another 100k CUB to be burned before the end of November! Seeing us take off like an absolute rocket ship to the moon in terms of CUB burned since the launch of CubFinance in March 2020 to the newly released bHBD and bHIVE MTB Protocol is really encouraging.
- Latest Reports From this Account: @cubdaily
- Latest CUB Burn Report From the LeoTeam:
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