Few days ago, I shared a testimony on how I made my first million blogging on LeoFinance, the post which is doing great with engagement and has been a source of great inspiration for many newbies as well as for those who felt like giving up with this long bear season. Many times we lose touch with a beautiful future with our view of the present.
many including myself have lost a great deal of fortunes on "aesthetic" investment opportunities that looked great but had no strategy and structure for a sustainable future. Being a part of the @LeoFinance community on Hive over the past Three years ha s shown a team and set of developers that are very future looking and are at their best in building systems that last.
One of the unique deliveries of the leoFinance team is CubFinance, its foremost DeFi outfit created in March 2021. The DeFi product is presently undergoing a re-design to size and set it up for a productive future to all that believe in the project. The latest update on CubFinance shows a DeFi product that is buillt with a huge potential.
> 2.4 million annual $CUB burn
In a bid to position CUbFinance as the best DeFi for the future, the LeoTeam had deplued the Multi-token Bridge to CubFinance which allows for multiple farm vaults including stable coins like HBD and USDC. These vaults are helping to generate insane revenue as piloted on PolyCUB for as high as $11k. Deployed to the Cub DeFi, this would lead to at least 200k $CUB burned on monthly basis, which would add up to at least 2.4 million $CUB being burned yearly.
200,000 CUB to be Burned This Month
The CUB DAO contract just went live yesterday and has just started to buyback and burn CUB using revenue generated by the multi-token bridge. The first two burns conducted by CUB DAO
https://bscscan.com/tx/0x59e7114914dfa50b7c2c75c44cae314b6eb1c21b937712d98b1b95a653c49b51
https://bscscan.com/tx/0x88c05f981e32a1da22e59e98761daf722cf6f1186711bb10c3f86d40d543a858
This is just a first step in the journey of productivity which CUB is embarking on. With just 6 vaults at the mean time with about $500k worth of liquidity, we envisage 2.4 million tokens being burned, what then happens when the number of vaults increase with amount of liquidity? YOu should answer that fpr yourself.
Possibility for 100x $CUB Price
CUB, the asset for CubFinance is presently priced at a discounted rate of $0.02. I know many investors have been impatient with the down trend of $CUB from the highs of $3, however, this relapse and correction was necessary to give a smooth rebound on the price of the token once sustainable developments is put in place as we now have.
In the coming weeks, it is a sure bet that the demand for CUB would be on the rise as utility gets defined for the token and DeFi enthusiasts gets to see the profitability in staking stablecoins in the CUB farms. Moving from $0.02 to $2 in price would be an easy ride for $CUB.
35% Avg APY on Stablecoin staking
It is popularly held that slow and steady wins the race. This is why stablecoins has become a top invested niche in the cryptoverse. Investors want an investment where they can pt in their money and go to haev a good sleep. While volatility of cryot comes with profits, the jerks that come with it might even kill an investor before the harvest season.
CubFinance provides one of the best APYs for staking stablecoins like HBD and USDC. Saving HBD on Hive blockchain pays out 20% with 3 days withdrawal cool down. Here is CUB with over 35% average staking APY for stablecoins and with instant unstaking.
> 47% APY on $HIVE staking
You cna take it to the bank that Hive is the best blockchain out there. In safety, in seed, in scalability and free transactions. Hive is a place of FUN and WORK. It is the convergence of all of crypti at one spot. All of the possibilities of crypto have its representation on Hive blockchain. @Belemo has put up a solid read on how you can do more with Hive on CubFinance. Hive's staking and curation APY stands at around 10% with 13 weeks unstaking cooldown, however, you can earn as much as 47% APY staking your HIVE on CubFinance with instant unstaking.
Innovative Team/Developers
The team behind the CubFinance project is just one of the best you can have within the cryptoverse. They are always future looking and open to feedbacks. LeoFinance Team has always been at the fore of Hive's development and marketing with its lofty creations.
Being the team behind CubFinance, one can be sure that investing in $CUB is a sure deal that would break-even in a soon time. DO not ignore $CUB.
What is LeoFinance?
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
LeoFinance | CubFinance | Hivestats | LeoDex | LeoFi
LeoFinance's mission is to put Web3 in the palm of your hands.
Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io