We've officially burned 1.5M CUB! This amount continues to grow each and every day.
We're seeing more tokens added to the bridge pools as well. Keep in mind the difference: TVL has dropped since the FTX crash but the amount of liquidity in token terms (HIVE & HBD) has actually increased.
How is this possible? Because the fluctuation in the value of assets impacts TVL - Total Value Locked.
This is a simple calculation. We are always looking to grow MTB TVL but when asset prices drop so quickly, it can throw us off. The key here is that growth is still happening. That being said, it was a lot more fun when the TVL was growing exponentially. I'm sure we will return to those days, once the market has worked itself out and HIVE inevitably goes up.
I'm anticipating this to happen by the end of 2022. I believe people will tax loss harvest the rest of the year but then 2023 will hit and things will go ballistic again for Crypto. I'm excited!
Follow along as I report daily on @cubdaily 🙏🏽
Focus of the Day
Our focus now is on the volatility of the markets. This has led to a fluctuation in MTB TVL but it has also led to an exponential rise in MTB Revenue.
Remember that CUB is now backed by revenue. What does that mean?
CUB is backed by the revenue generated by the protocol. While most crypto tokens are not backed by anything, CUB is backed by something real. Something tangible. Keep in mind how important it is to continue to grow this revenue.
CUB now operates much more like a business than a yield farming app. It's a business that generates predictable (and growing) revenues each month. If we see this revenue continue to grow each month, then the intrinsic value of CUB as a token will increase.
This is because the intrinsic value is linked to the revenue itself. If revenue go up, price go up.
CUB is valued like a blue-chip dividend stock. The P/E ratio is extremely low (and this is a GREAT thing. Low P/E ratio = undervalued price relative to earnings).
P/E Analysis of CUB
Here's a new section I'm trying out. I decided to run a P/E analysis of CUB using data from each Monthly Burn Report posted by @leofinance. Check out the second analysis I ran and leave a comment below with your thoughts.
Keep in mind that a low P/E ratio is good. It means that the revenue that CUB is generating each month is increasing faster than the CUB price is increasing (more revenues earned per share of CUB).
CUB Token
- Price: $0.0213
- Total CUB Supply: 18,623,439
- Total CUB Burned: 1,502,692
- Total Market Cap: $396,393
- Total Value Locked: $1,352,459.97
Multi-Token Bridge Stats
- bHBD-bHIVE: $139k
- bHBD-BUSD: $230k
- bHBD-CUB: $130k
- bHIVE-CUB: $120k
- Total: $619k
Not much of a change since yesterday. As crypto prices fluctuate, TVL has fluctuated too (especially as the value of HIVE has dropped 30%).
CUB Burns
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CUB Burns have officially crossed 1.5M!
Now we've burned over 3x as much CUB in total since the MTB launched as prior to the MTB launch. Amazing!
Further Reading:
- Latest Reports From this Account: @cubdaily
- Latest CUB Burn Report From the LeoTeam: https://leofinance.io/@leofinance/cub-monthly-report-or-october-2022-350k-cub-bought-and-burned-bhbd-and-bhive-liquidity-depth-grows-30
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
