Greetings to my esteemed Lions on the LeoFinance ecosystem and the entire hive blockchain. It's another day and time to share with you some new development on the LeoFinance ecosystem and how you can benefit from it and also contribute your own quarter to the growth and development of the ecosystem. It's your friend , saying hello from this part of the world.
The recent happenings around CubFinance has brought sweet relieve on the entire LeoFinance ecosystem. Efforts are being made to increase the values of the CubFinance MTB.
The expansion and growth that the Multi-Token Bridge has brought on CubFinance in relation to bHIVE and bHBD and the resultant effects on the on-chain HBD and Hive is overwhelming, which is what the entire hive blockchain needs at the moment. This had affected the price of HBD and Hive in July and August, 2021 after the Multi-Token Bridge was implemented on PolyCUB pHive and pHBD, where the HBD price went beyond it's $1 peg to about $3, while the Hive price moved from $0.4 to about $2 in what was described as the parabolic experience.
The rate of transformation ongoing on the CubFinance platform is overwhelming and the Cub economy growing more than it has ever been since it's inception in 2021. The recent happenings have made the LeoTeam to adopt a two-fold goal which include:
- Finally deploy HIVE and HBD trading to decentralized exchanges - something that is highly valuable to the Hive ecosystem
- revenue-generating mechanisms for the CUB DAO to benefit from and ultimately earn revenue to buyback and burn CUB
@leofinance/ytomskhp
The first goal will bring the required transformation that the hive blockchain needs at the moment and will help the Hive and HBD prices to appreciate and become a little bit stable. Flagging these tokens on decentralized exchanges means a lot to the hive blockchain and the LeoFinance ecosystem.
In November, the total revenue generated from the bridge was $9,125. We're about to deploy arb bot 2.0 which - we hope - will 2-3x the current revenue on CUB. This would flippen us deflationary on CUB as more CUB would be bought and burned each mont than is paid out to LPs.Source
Just like Oliver Twist, we want the monthly revenues on bridge and LP to increase beyond it's $9k and $15k
respectively. Although, the revenues generated is slowly surpassing the previous months. With a strict focus on increasing the current revenues to 2-3x of the current revenue means that no stone will be unturned. All hands have to be on deck as we preach the gospel of Cub MTB to everyone on the hive blockchain through our long post and #threads.
The LeoFinance ecosystem is focused on value creation and the CubFinance Multi-Token Bridge is truly a weapon of value creation.
Thanks!
Grace and peace to you all