Cub Below 3$...Best Time to Buy

Evening

So we are into the second week post Cubdefi launch and after the first week's aggressive token distribution (3 Cubs/block and airdrop to leo power holders), things are beginning to settle. We are currently at 2 Cubs/block and next monday it will further reduced to 1 Cub/block.

Total locked value(TLV) is steadily increasing and %age of Cubs burned is holding steady above 10%, indicating nice platform activity despite of the reduced token distribution rate.

In next few days we are gonna have LeoBridge alive. LeoBride is an upcoming product by LeoFinance, as the name suggests it will allow seamless cross-chain swaps of ERC20 -> BEP20 asset. LeoBridge will take ERC-20 assets, swap it to wLeo. unwrap it to Leo, rewarp Leo to bLeo and finally reswap bLeo to sender desired BEP20 asset.

ERC20 Input -> wLEO -> LEO -> bLEO -> BEP20 Output

With all of swaps, wrapping and unwrapping taking at the backend, LeoBridge will calculate gas fees & slippage and charge a small 0.25% swap fee. All of this fee will be used to burn Cub and bLeo.

Imagine the worth of all crosschain transactions that will happen using LeoBridge and the fees utilized to burn Cub and bLeo. Even without LeoBridge we still have more than 10% Cub burnt and it is easy to assume what will happen once the Bridge becomes operational.
In future, their are also plans to introduce wrapped versions of native Leo token on other blockchains linking them to LeoBridge too.
You can read more about LeoBridge here:

https://docs.cubdefi.com/upcoming-features/leobridge

All of the above factors along with the past track record of LeoFinance regarding continuous development, makes Cub at really cheap buy below 3$. It is a pretty safe bet that Cub is gonna moon pretty soon. So get all the Cubs you can while they are cheap and hodl.

See You on the moon!!!

PS: Another cool thing about hodling CUB is the Cub Den, still offering a healthy APR.

Posted Using LeoFinance ^Beta