When users stake in Cub Vaults or Dens, there is a transaction fee. Outside of CUB and bLEO, the transaction fee is set to 4%.
100% of the fees accrued are used to purchase CUB and bLEO and burn them on an ongoing basis.
80% of the 4% burn will be used to purchase CUB and burn it
20% of the 4% burn will be used to purchase bLEO (LEO) and burn it
We've already burned over 10% of the CUB supply and tens of thousands of $ in bLEO.
Check the Cub Finance home page for real-time burn stats and check back here for an in-depth burn report when it is published.