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The Multi-Token Bridge (MTB) Launched in August 2022 and serves as the core business model behind CubFinance and the CUB DAO (Decentralized Autonomous Organization).
The MTB allows derivative assets to be permissionlessly swapped across blockchains and pooled on BNB Smart Chain (BSC) to earn yield and trade assets.
How CUB DAO Generates Revenue From The Multi-Token Bridge to Buy and Burn CUB Every Day
Through smart contracts and oracles operated by CUB DAO, HIVE, HBD and LEO can be swapped to/from the Hive Blockchain and BSC.
These 3 assets (and future derivatives launched by the DAO) generate revenue for the protocol which is then utilized to buy/burn CUB via smart contract on a daily basis. There are 3 core methods for generating revenue from the Bridge Technology stack:
- 1.Wrapping Fees -> a small 0.50% fee is collected by the smart contract & oracle when wrapping or unwrapping
- 2.Arbitrage Revenue -> the protocol arbitrages price differences on/off exchange to generate a return and feed it back into the DAO
- 3.Oracle Staking -> the oracles keep day-to-day operational funds liquid and stake additional funds held to generate on-chain staking rewards
On a monthly basis (the 1st of each month), the CUB DAO publishes a burn report outlining key statistics from the prior month of operations along with detailed transparency logs about buy and burn transactions that it conducts. You can read each monthly report below:
Hive-Backed Dollars (HBD) is a stablecoin created by the Hive Blockchain. It is one of the longest standing stablecoins in the crypto industry and has the greatest degree of trust & transparency by those who utilize it.
bHBD is a derivative of HBD. It can be seamlessly and permissionlessly wrapped/unwrapped into and out of native HBD. 1 bHBD = 1 HBD.
bHBD can be utilized to earn yield via 3 pools on CubFinance:
HIVE is the native cryptocurrency for the Hive Blockchain ecosystem. It's a Web3 platform where dozens of dApps are aiming to build the future of social media, p2p systems and NFT games. The Hive Blockchain offers fast and free transactions.
bHIVE is a derivative of HIVE. It can be seamlessly and permissionlessly wrapped/unwrapped into and out of native HIVE. 1 bHIVE = 1 HIVE.
bHIVE can be utilized to earn yield via 2 pools on CubFinance: