Daily CUB Report | CUB is Outperforming Altcoins by More than +21% This Week

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With each passing day, we're seeing liquidity in the Multi-Token Bridge grow. This despite the price of HIVE decreasing. Keep in mind: as the price of HIVE decreases, TVL (at least for the Hive vaults) decreases proportionally - since TVL is measured in USD Value of assets.

Obviously bHBD does not decrease below $1, so that is of no concern at the moment.

The markets are in disarray right now as the FED announced a potential plan to raise rates all through 2023. Market doesn't like that.

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CUB? CUB don't care. It's actually funny to check the charts on CUB and see that it is outperforming the rest of the crypto market. It seems that we may have the early signs of Escape Velocity as defined by @leofinance in the first Monthly CUB Burn Report (the speculative measure, anyhow):

It seems that the DAO is buying back more CUB each day than is being sold on the market by LPs. This is why we're seeing the CUB price stabilize amidst the rest of the crypto market selling off.

So what does all of this mean for CUB? Check the Focus of The Day.

Follow along as I report daily on @cubdaily 🙏🏽

Focus of the Day: Sustainability Amongst Turmoil

How is this possible? How is the CUB price outperforming the rest of the market? How are we staying even and not dropping along with every other crypto asset?

Is CUB a stablecoin?

No. It's not a stablecoin. We are simply seeing the impact of revenue inflows that match the selling pressure of LPs who are selling their daily CUB harvests.

As defined by @leofinance, Escape Velocity (speculative) is when the MTB Revenue is buying back more CUB than is being sold by LPs on a daily basis.

We are seeing this live and in action right now on CUB. That's why the price is so stable. It seems to me that we might be in for an amazing bottom for CUB.

What's happening right now is the DAO is soaking up supply at these low prices. $0.02 seems to be the absolute bottom for CUB. You can imagine that if the price goes lower, the DAO will be buying back even more CUB tokens and burning them. Ultimately leading to a greater rise in the CUB price later on.

This is an equilibrium effect. CUB is self-healing at this point: if the price drops, more units get burned.

If the price increases, less units get burned but the APYs on all farm vaults increases proportionally. That means more HIVE and HBD gets bridged over which means more revenue. More revenue = more $ to burn which means it equalizes the burns to the higher price.

CUB Token

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  • Price: $0.021
  • Total CUB Supply: 17,459,179
  • Total CUB Burned: 981,207
  • Total Market Cap: $365,575

Data Sourced On-Chain

Multi-Token Bridge Stats

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  • bHBD-bHIVE: $71k
  • bHBD-BUSD: $212k
  • bHBD-CUB: $90k
  • bHIVE-CUB: $105k
  • Total: $478k

Only $22k away from half a million dollars in the Multi-Token Bridge liquidity pools! These pools continue to deepen in terms of liquidity and this is hugely beneficial. The benefits are a resounding effect on the amount of CUB getting burned. More on that below.

Data Sourced On CubFinance

CUB Burns

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Holy burns batman! We're seeing an exponential effect in the amount of CUB being burned.

Don't believe it? Just take a look at the chart below. It's astounding to see the difference in the amount of CUB burned in the past 8 weeks compared to the past 19 months (since CUB Launched in March 2021).

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Further Reading:

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



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Thanks for sharing!
I see CUB has a strong foundation now and CUB can pick up from here when the amount of burning CUB is more than minted blocks.

I still have a doubt about PolyCUB because pCUB farms are not attracted anymore with low APR and pCUB price keeps decreasing :(

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