Daily CUB Report | bHBD - bHIVE Vault is Live and Increasing CUB Burns By a Factor of 10x

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As of just a few hours ago, the LeoFinance team announced on @leofinance that the new bHBD-bHIVE vault is live. This vault offers all of us Hiveans the opportunity to Pool HIVE and HBD together on the BSC blockchain and earn massive liquidity pooling rewards.

The current APR as I write this is over 50%. We're seeing a lot of liquidity jump into this pool already. When the launch post went live to now, I just witnessed $20k get added to the pool in a matter of 2 hours. Craziness.

I believe this could be one of the largest LPs CUB. It could bring a massive level of revenue for the CUB protocol since both sides of the pair (bHBD and bHIVE) are Multi-Token Bridge assets.

I'll talk more about this in the Daily Focus below!

Follow along as I report daily on @cubdaily 🙏🏽

Focus of the Day

The focus for today is considering the 10x potential impact of having an LP that is two MTB assets paired together.

bHBD and bHIVE are both MTB assets. Considering this, the impact of users adding liquidity to this pool is much higher than the others... why?

Think about it: for the bHBD - BUSD pool or the bHBD - CUB pool as an example, the user only wraps 50% across the MTB to create an LP position.

For example, a User wants to pool $1,000 on bHBD - BUSD... This means that they only need to wrap $500 through the HBD oracle to get their $500 worth of bHBD and then they need to get BUSD from any other exchange and provide the other side of that liquidity.

This is good for the protocol but you see how $1,000 in an LP position only yields $500 held in the oracle.

bHBD-bHIVE on the other hand is totally different. If a user wants to LP $1,000, they will need to wrap $500 worth of HBD and $500 worth of HIVE.

Now you can see that the same LP position (in dollar terms) creates twice as much theoretical value for the multi-token bridge.

I was waiting for the day when this pool would go live. Now we all have the chance to earn massively while building a big MTB stack for the CUB protocol through bHIVE-bHBD.

CUB Token

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  • Price: $0.0215
  • Total CUB Supply: 17,248,393
  • Total CUB Burned: 723,517
  • Total Market Cap: $370,208

Data Sourced On-Chain

Multi-Token Bridge Stats

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  • bHBD-bHIVE: $30k
  • bHBD-BUSD: $135k
  • bHBD-CUB: $87k
  • bHIVE-CUB: $99k
  • Total: $351k

Data Sourced On CubFinance

CUB Burns

CUB Token 2.png

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Further Reading:

About CubDaily

I'll be using this account to report on the CUB stats each and every morning. Together we'll track the growth of CUB under the completely revamped ecosystem that LeoTeam has built called the Multi-Token Bridge.

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Wow! That was fast! I just added a fair amount of my own liquidity. When I did (only a fewish hours ago), the total was 13k and the APR was about 80%.

Boom!! What a change! :-) I can hear the fees stacking up as I write!

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