The Pinwheel Effect on CUB | Growing bHIVE & bHBD Liquidity Leads to Black Hole Theory

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    leofinance

    Published on Jan 21, 2023
    About :

    We've spent a lot of time lately talking about CUB. There's so much going on under the hood of the CUB Economy and it's amazing to see how it continues to grow month-over-month.

    We launched bHIVE and bHBD just a few months ago (August 2022) and since then, we've seen revenue grow 500x. The DAO was capable of buying and burning 1,000 CUB per month prior to the Multi-Token Bridge (bHIVE & bHBD). This 1,000 CUB per month was bought and burned using Kingdoms Management Fees.

    Since the launch of bHIVE & bHBD, new forms of revenue have presented themselves:

    1. Wrapping Fees
    2. Oracle Staking
    3. Internal Arbitrage

    These forms of revenue have led CUB DAO to 500x its monthly revenue. Now buying and burning 500,000 CUB on a monthly basis.

    As the liquidity for bHIVE & bHBD continues to deepen, we're heading toward this pinwheel effect for the CUB economy - also called Escape Velocity.

    Basically, Escape Velocity is when more CUB is being bought and burned on a monthly basis than is paid to LPs. Right now we're buying and burning 500k CUB per month and LPs are earning ~800k.

    We're more than 60% of the way to our goal. Once we hit that, the pinwheel effect takes hold, CUB's price increases and LP Incentives increase as well. This coincides with less CUB being bought and burned (since its more expensive) but the self-balancing nature of the economy is that LP APY is higher, so more bHIVE and bHBD gets pooled which increases revenue.

    We talk about this and more in this clip from the AMA!

    About LeoFinance

    LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage & share micro and long-form content on the blockchain while earning cryptocurrency rewards.

    Our mission is to democratize financial knowledge and access with Web3.

    Twitter: https://twitter.com/FinanceLeo
    Discord: https://discord.gg/E4jePHe
    Whitepaper: https://whitepaper.leofinance.io

    Our Hive Applications

    Join Web3: https://leofinance.io/
    Microblog on Hive: https://leofinance.io/threads
    LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
    LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
    Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
    Hivestats: https://hivestats.io
    LeoDex: https://leodex.io
    LeoFi: https://leofi.io
    BSC HBD (bHBD): https://wleo.io/hbd-bsc/
    BSC HIVE (bHIVE): https://wleo.io/hive-bsc/
    Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms

    Web3 & DeFi

    Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:

    CubFinance (BSC): https://cubdefi.com
    PolyCUB (Polygon): https://polycub.com
    Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io

    Tags :

    leofinance web3 leo blockchain crypto polycub cub polygon bsc ctp proofofbrain oneup vyb palnet neoxian

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