If prices increase, less units get burned but APYs on all farm vaults increases. That means more #HIVE & #HBD gets bridged which means more revenue. More revenue = more $ to burn which means it equalizes the burns to the higher price
With each passing day, we're seeing liquidity in the #CUB 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
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.
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?
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.
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The markets are in disarray right now...
CUB? CUB don't care. It's funny to check the charts on CUB & see that it is outperforming the rest of crypto
3/🧵
This is an equilibrium effect. CUB is self-healing at this point: if the price drops, more units get burned.
8/🧵
If prices increase, less units get burned but APYs on all farm vaults increases. That means more #HIVE & #HBD gets bridged which means more revenue. More revenue = more $ to burn which means it equalizes the burns to the higher price
9/🧵
With each passing day, we're seeing liquidity in the #CUB 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
2/🧵
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.
4/🧵
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?
5/🧵
No it's not a stablecoin. We are seeing the impact of revenue inflows matching selling pressure of LPs who are selling harvest
Escape Velocity (speculative): MTB Revenue is buying back more #CUB than is being sold by LPs
6/🧵
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.
7/🧵
Only $22k away from half a million dollars in the Multi-Token Bridge liquidity pools!
10/🧵
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
11/🧵
Did you like this #Threadstorm? Check-in daily on the #CUB Tag here on #LeoThreads or check the full post & follow for the latest:
https://leofinance.io/@cubdaily/daily-cub-report-or-cub-is-outperforming-altcoins-by-more-than-21-this-week
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