I have always wanted to learn more about CUB emissions and burns so today I took some time to explore.
I did not do any research before this. Based on basic understanding, I assume I can get most information from CUB's token address on bscscan. So I did and easily found out that the @null address is the 5th largest holders of CUB, that means that all those burned are there. Have a look here
A six-month token balance graph seems to describe the process most accurately as above. I found that the burning speed after mid-Aug is pretty steady so I took arbitrary two separate dates with their respective balances and calculate average burning speed during this 62-day period and the number comes down to ...
11k CUB per day
Yes, this is how fast the protocol has been earning for all CUB holders, except for null though lol...
So I check the total CUB supply and other numbers on Cubdefi.com page and every number seems to match. Perfect!
This is another question of mine get answered too - is the total supply inclusive of burned CUBs? The answer is no. It is indeed all supply out there, including liquid, locked in farms and kingdoms etc.
As our emission is fixed at 1 CUB per block, at this burning speed, we can expect to burn more than 4 million CUBs in a whole year! WOW... that doesn't include if Cubdefi has gained more success in profit generating business like MTB profit, wrapping fees and many more...
Pretty good prospect.
Let's keep accumulate. If you don't want any risk, just sell CUBs earned from farms. It would be pure profit. 🤑
Posted Using LeoFinance Beta
good stuff
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