They're making moves at an extraordinary pace! They've proven before that they're capable of creating amazing things (Leofinance) and now Cub / Defi will be the masterpiece. Also can't wait for project blank to be announced 😁
What is the TVL?
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TVL=Total Value Locked. That's the number that shows how much money is staked in the dens and the liquidity pools on CubDefi. The more money locked, the higher the liquidity, the stronger the platform. The devs think that Kingdoms and LeoBridge can help take the TVL from it's current level of approximately $20M to over $100M. Incidentally, Uniswap has almost $8 Billion in TVL so you can see there's a lot of room to grow that number.
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Thank you for the explanation. I googled it but didn't find anything that would make sense on the context. Uniswap also receive huge financial backing for their project which CUB didn't so growth might take a little longer in cubs case. Either way I'm positive that CUB will be huge
Yes, the funding is great. But the technology is the most important piece. It seems like Cub is putting the technology in place to be able to compete with anybody. And because they didn't get all that funding, that means there are no venture capital funds out there that own huge stacks of Cub tokens that they can dump onto the market at some point. Last I checked, about 50% of the Cub tokens in existence are staked in the den and the majority of those are held by "diamond paws". lol
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You're right about that! I'm one of those diamond paws 😅