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RE: CUB Monthly Report | November 2022 - 50% of CUB Inflation Bought & Burned, TVL Continues to Grow & Arb Bot 2.0

in LeoFinance • 2 years ago

Arb Bot 2.0 is coming to POLYCUB, right? It will be lot more work than a simple copy and paste. But the revenue generated will be definitely worth the effort.

I'm also looking forward to see more CUB Outposts with all these features get launched on few more chains when the next bull market arrive.
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2 years ago in LeoFinance by
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     2 years ago  

    Yes, it will be. We have a lot of changes in store for PolyCUB but we first need a PIP approved by the holders. The last one was not approved and we're organizing the next proposal to bring POLYCUB to a static inflationary rate (like CUB).

    The model is working VERY WELL on CUB. As can be seen in this report.

    We want to take that model to POLYCUB but it needs to be passed by PIP.

    Arb Bot 2.0 would increase revenue on POLYCUB dramatically. But Polycub currently has super low liquidity because of the halvening inflation rate.

    As for outposts: our ideas has shifted and we will no longer be launching separate outposts. That being said, we are considering the Outpost idea with a twist: no new tokens. Instead, we use the CUB token and create wrapped versions on other chains and then divert a very tiny % (say, 5%) of BSC CUB inflation to each chain. This way, there is no increase in CUB inflation. Instead, a small % of the existing (1 CUB per block) inflation would simply be used to drive liquidity on say, ethCUB or avaxCUB.

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     2 years ago  

    The idea of diverting part of CUB inflation to other chains is effectively like introducing a softer version of a CUB Halving effect. I'm definitely excited for this idea!

    Do you have plans for a unified interface for all of these outposts or do you plan to keep them separate and introduce their own quirks. I think our community could come up with some very creative ideas with Evmos.

    Best of Luck!

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       2 years ago  

      ... adding to my above comment since people have asked: it would also mean that all revenue generated by ethHBD or ethHIVE or avaxHIVE or avaxHBD (for example) would go back to buying and burning BSC CUB.

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       2 years ago  

      Wouldn't it be easier to buy and burn ethCUB, avaxCUB etc. with a potential of creating more opportunities for arbitrage between blockchains? Am I asking for more chaos here? Don't overthink the idea. I'm only thinking out loud.

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