Operational since March 2021, CubFinance is a DeFi platform that operates the Multi-Token Bridge (MTB). The MTB allows derivative assets to be permissionlessly swapped across blockchains and pooled on BNB Smart Chain (BSC) to earn yield and trade assets.
The MTB Launched in August 2022 and serves as the core business model behind CubFinance and the CUB DAO (Decentralized Autonomous Organization).
CubFinance operates on a buy and burn model. The protocol strategically pays yield to Liquidity Providers who create the foundation of the platform.
CUB is one of the longest standing DeFi protocols in the industry. While most died a slow death (or in some cases, a really fast one), CUB has managed to continually innovate and create value in ways that most did not see possible.
The Multi-Token Bridge (MTB) shows us the future of CUB: becoming a derivative DeFi exchange. By creating, developing and operating the MTB, we are able to generate a disproportionate amount of monthly revenue for the CUB DAO Protocol.
This revenue is deployed into a smart contract that buys and burns CUB on a daily basis. Removing tokens from the circulating supply and making CUB more scarce while also providing an "invisible hand" buyer of last resort.
Prior to the launch of the MTB, CUB had burned 517k tokens from March 2021 to August 2022.
Since the launch of the MTB (as of this writing on September 20th, 2022), we have burned an additional 500k in CUB Tokens.
More CUB was burned in the first 6 weeks of the MTB being operational than in the first 18 months of the platform's history.