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RE: Introducing LeoBridge: Permissionless Cross-Chain Swaps ERC20 -> BEP20

in LeoFinance3 months ago

Congratulations on finally rolling this out. It was a long journey I am sure. It is great to see the result of all this time and effort.

CubFinance is something that, like Leofinance, is starting to shape up. Long-term outlook is vital for all this. Projects are not built overnight. Development takes time, especially when doing something more than copy/paste.

Outside of slippage and gas fees, LeoBridge takes a 0.25% swap fee. This swap fee is sent to the Cub treasury and 100% of the fee is utilized to buy/burn CUB and bLEO using the same structure as Cub Finance vault revenue.

  • 80% of the swap fee burns CUB
  • 20% of the swap fee burns bLEO

If LeoBridge becomes a huge success, this is going to eat up a lot of tokens. Remember, LEO is already very tight in terms of the circulating supply. And CUB could quickly find itself in that same position.

Posted Using LeoFinance Beta


I have personally tried sending USDT (ERC-20) to BSC and there are so many steps in between, it's crazy! I can handle the high GAS fees on ETH's side (not always) but the inconvenience is unbearable. It's time consuming as well. This bridge is a savior for those who want to get into ETH to BSC.

And yes, we might see a huge amount of capital flowing from ETH's end. This will reduce the substantial amount of CUB & bLEO tokens. We can expect a spike in the price in the upcoming months as more people start using the bridge.

I am interested to see this bridge marketed by Leo Finance team among existing ETH and BSC users. Let's get those eyeballs rolling towards CUB.

Posted Using LeoFinance Beta

Remember, LEO is already very tight in terms of the circulating supply.

There's no doubt about that, very obvious and healthy for the token

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There could be a lot of funds coming over the bridge from ETH. $500 worth of LEO will be burned and $2000 worth of CUB for every $1,000,000 that comes over the bridge. That can add up quick considering the low marketcap both tokens respectively have, and how many millions could cross the bridge!

Posted Using LeoFinance Beta

I did not figure out the $ amounts but that is terrific. It sounds like a lot but a millions dollars in transaction is really not a lot of money when you think about it. Considering there are billions on Ethereum, that is a drop in the bucket. And more is being generated every day on there like everywhere else.

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the 18 million TVL could double in a day with ETH bridging over

These are very good points.

Posted Using LeoFinance Beta