Daily CUB Report | HIVE Price Skyrockets and Creates a Vortex of Value for CubFinance

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Yesterday we saw HIVE spike 30% in a single day. While the rest of the market was RED, HIVE did its thing and mooned.

This happens frequently. HIVE has a mind of its own and we always see crazy price action.

What many might not know is that this crazy volatility benefits CUB to an extremely large degree now that the Multi-Token Bridge is both operational and has ever-deepening liquidity.

The liquidity for MTB assets - bHIVE & bHBD - has doubled since last month. We're now at $633k total liquidity for MTB assets and this continues to get deeper and deeper.

We love to see this kind of activity for CUB! People are pooling more HBD and HIVE by the day!

Yesterday brought an enormous amount of revenue in for the CUB DAO. It's unclear until the Monthly Burn Report gets published - the next one being published on November 1st - but I imagine we'll see a huge spike in growth this month.

The team already said we're on pace to see a 2x in revenue from Sept to Oct. I think we're going to see some really cool price action on CUB once those figures are released.

Follow along as I report daily on @cubdaily 🙏🏽

Focus of the Day

CUB's revenue 2x'ing from August to September and then another 2x from September to October is really amazing growth.

YOu can only imagine what happens to CUB when it continues this pace of growth. It's vortexing assets into the CUB ecosystem and that is creating vastly more value for our whole economy.

This month, we saw CUB's price skyrocket from $0.021 to $0.026... Doesn't seem like much in $ terms but that is a 30% increase in the price of CUB. Not only that, but the CUB price is sustaining these levels, which I think few of us suspected it would.

This higher price shows that CUB's fortune has turned around completely. With the MTB generating this high degree of revenue, I imagine we'll see so much CUB get burned that the sentiment surrounding CUB moonshots.

My personal belief is that we'll see $750k in MTB Asset TVL by the end of October. We're currently sitting at $633k, so this is only $120k more for the next 3 weeks that remain in October.

I anticipate the CUB price will increase proportionally as well - likely rising to $0.03 sometime around early November when that next CUB Burn Report shows how much we've grown this ecosystem.

I'm excited for the future of CUB! It's a slow grind upward in price and that is what we need to see. As this grind upward in price continues, so will the grind upward in MTB TVL which means more and more CUB getting burned each month.

I think CUB is on pace to see $0.25 by the end of 2022. Do you believe it's possible to 10x the price of CUB with this new MTB-based Economy?

CUB Token

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  • Price: $0.02562
  • Total CUB Supply: 17,829,988
  • Total CUB Burned: 1,072,408
  • Total Market Cap: $456,863
  • Total Value Locked: $1,545,379.97

Data Sourced On-Chain

Multi-Token Bridge Stats

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  • bHBD-bHIVE: $111k
  • bHBD-BUSD: $251k
  • bHBD-CUB: $132k
  • bHIVE-CUB: $139k
  • Total: $633k

Data Sourced On CubFinance

CUB Burns

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CUB DAO continues to burn way more CUB than has ever been burned in the past. The team just gave an update about how the revenue might 2x from September to October. That's an insane pace of growth and I'm excited to see how much CUB ends up getting burned this month!

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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.

Posted Using LeoFinance Beta

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What happend with the burn? Since almost 7 days no burn gonna happend?

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The DAO continues to accumulate $$ from Multi-Token Bridge revenue but I believe the team has stated in a few different places that the DAO Buyback Contract uses a trailing average price feed

Since the price of CUB is up over 30% in the past 7 days, I assume the DAO has avoided buying much CUB. Though, it's hard to tell what timescale the DAO is operating on with this trailing price feed

If the timescale is around 7 days, then the simple moving average should be catching up to the new baseline price of CUB - 20%-30% higher ($0.021 -> $0.025)

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