The CubFinance Multi Token Bridge Upgrade And It’s Derivatives

The multi token bridge is another method in which the leofinance team is trying to deepen the hive supply pool, I haven’t used it for a while now but it’s really great to understand what it’s all about and it’s purpose.

MTB as discussed in a Leofinance ask me anything was said to be the main driver of revenue coming to CUB DAO and it’s principal function is to collects contract fees, which it performs two functions either buyback or burns the contract fees to buy CUB which it burns from the Liquidity pool has it was stated. To be honest it’s not really straight forward and at first when I read about the explanation I was a bit lost at some point, but I trust it will make sense at the later time.

There are three derivatives which the multi token bridge brings which are; the bHive, bLeo, bHBD. In the session it was discussed about the improvement which they have done on the multi token bridge that is the nodes where updated to repay transactions to avoid transactions been stuck in the system, which has directly increased the reliability of the system.

If you see this post on a Web2 ecosystem and you have no clue about what Leofinance is here is a brief definition;

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 and share content on the blockchain while earning cryptocurrency rewards.
Over here we refer to users as lions, so are you ready to be a lion here is my referral link

Also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.

Let’s also connect on some of the web2 platform.
Twitter:Hironakamura

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