15 days ago, we examinied PolyCUB Monthly Report and learned about the operations behind the stage. As we can clearly understand from the report, the Protocol-owned Liquidity is growing and the updates + buy-back mechanism are likely to dry the whole liquid PolyCUB tokens in the market 😉
Today LeoFinance team shared the monthly report of CUB Finance on BNB Chain. CUB is the first platform of the multi-chain CUB projects and the platform has been updated regularly like PolyCUB. How does MTB work on CUB De-Fi?
Let's explore CUB DAO Report 🦁
Multi-token Bridge TVL
Similar to MTB's total value on PolyCUB (27%), the TVL of CUB Finance is nearly a quarter of the total value locked on the platform (24%). I care about the liquidity of MTB because these tokens are held for late game of the projects when there will be nearly no sellers and kingdoms require tokens to reward investors!
Monthly Revenue Looks Promising
The recent updates on CUB De-Fi attracted thousands of new investment on the farms and kingdoms. Wrapping Fees, Oracle Staking and Arbitrage mechanisms yielded $4,353 revenue that was used to buy-back CUB from the market!
The wrapping fees generated more than a thousand dollars in a month. When Hive assets are bridged to BNB chain, each transaction help PoL burn more CUB! It is a self-sustaining system in nature.
Besides, Arbitrage of bots has an important place in the total monthly revenue. What's good about this part is that even in the bear market, the arbitrage can yield $2,500 to buy CUB per month. Just consider the bull-run and arbitrage gains!
MTB Burns More than 10k CUB Daily!
If you consider the liquidity of CUB market, 10K buy-back per day sounds incredible.
Under bear market conditions, we majorly have the contribution of well-deveoped system ratherher than the flowing liquidity to the platform. However, the bullish sentiment in crypto will bring both new investors and new opportunities for MTB to add more CUB to protocol treasury.
Prior to the launch of the Multi-Token Bridge, we had burned a total of 518,952
CUB. Since the launch of the platform in March 2021.
The platform may indirectly become deflationary if the market cannot find more sellers than protocol buy-back trades. For the next months, we may see millions of CUB tokens held by the protocol.
Like PolyCUB report, the CUB Monthly report got me hyped more about the future. Constant updates on both platforms will yield millions of dollars in return when the crypto market tests new All Time High levels in the next bull market. Behold for these days Lions 🦁
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Thanks for sharing your point of view about the newest CUB report... Wrapping fees are great when participants are actively depositing and withdrawing liquidity, but it's great that there are arbitrage activities as they can yield a lot of profits in volatile markets...
Maybe we did hit the bottom with CUB and PolyCUB prices??
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I also believe the dip levels are tested for both PolyCUB and CUB Finance. The rest is purely about the market sentiment :)
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What's the effect on the prices? Anything noticeable yet?
There is slight difference but the major move can come when the PoL increases drastically :)
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Nice. I stay tuned.
LeoFinance has always prided itself on building for the long-term. We're obviously not here for quick hits and short-term gains. Everything you see around you here in LeoFinance's Web3 Ecosystem is designed to pay off massively in the long-run.
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Exactly mate, I never invest in Leo products to make gains in the short term. Seeing the development of the platforms is fascinating meanwhile 😉
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Very apt review. It's really interesting how things are turning up for CUB. It's good its happening while CUB is at it lows. The future looks quite green for anyone buying in now.
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Interesting platform, thx
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