We've talked a lot about building a sustainable, reliable and growing yield platform for HIVE & HBD. This has become a focus for us with the https://cubdefi.com/farms platform.
There, you'll see that LPs are earning 20-30% APY on their HIVE and HBD.
The goal though is generating sustainable revenue. 100% of the revenue goes to buyback and burn CUB.
In October, we generated $8,000 in revenue. In November, we generated $9,125 and December is likely to be even higher than November.
$17,000 in LP incentives were paid out in November. That means that more than 50% of the rewards paid out were bought back and burned by the DAO revenue.
We're seeing revenue climb on a monthly basis. How long until the revenue is higher than $17,000 per month and we're buying back and burning MORE CUB than is being generated on a monthly basis?
Once that happens, we'll see CUB flippen deflationary. A deflationary future for CUB will radically improve the tokenomics and allow the CUB price to steadily rise. As that happens, we'll see LP Incentives (APY) increase for bHIVE & bHBD which equals more liquidity which equals more revenue per month and so the pinwheel effect continues.
We talk about this and more from this clip from the LeoFinance AMA.
About 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 & share micro and long-form content on the blockchain while earning cryptocurrency rewards.
Our mission is to democratize financial knowledge and access with Web3.
Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io
Our Hive Applications
Join Web3: https://leofinance.io/
Microblog on Hive: https://leofinance.io/threads
LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
Hivestats: https://hivestats.io
LeoDex: https://leodex.io
LeoFi: https://leofi.io
BSC HBD (bHBD): https://wleo.io/hbd-bsc/
BSC HIVE (bHIVE): https://wleo.io/hive-bsc/
Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms
Web3 & DeFi
Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:
CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io
▶️ 3Speak
