![]() The DAI treasury was designed to buy back CUBO if the price falls and gets close to $0.1. This process ensures that there will always be enough liquidity to trade. ![]() After minting a node the system creates a CUBO-DAI liquidity pair in SushiSwap and stores LP tokens in the pool. Users who want to create a node need to provide two tokens to the pool, CUBO and DAI. The Cubo contract adjusts the supply of CUBO tokens in its pool daily, so there is always a sufficient number of coins to pay node holders.Īlong with the CUBO pool, the contract holds its own liquidity pool. ![]() Not even the team members have access to funds or any of the pools. The CUBO rewards pool holds all CUBO tokens that are not in users’ wallets. Also, there is no need in adding more nodes to keep that number up.Ĭubo DAO's contract owns and manages three types of pools: the CUBO rewards pool, the DAI treasury, and the liquidity pool. Cubo representatives say that the APR will be consistent during this period while you produce and own one of the nodes. This means that there are sufficient funds for every node to pay one year ahead. This will help to avoid the drop in CUBO price when all node holders cash out their rewards simultaneously.Īdditionally, the team has launched a reward program that gives away one node per week aiming to reward every account that tweets about the protocol.Ĭubo DAO's contract has been created to adjust its own supply daily to keep the APR at a constant value for up to a year. ![]() To mint a Cubo node, a minimum of 25 DAI and 25 CUBO is required.Īt the time of writing, the team is working on a different version of the contract where the participants get rewards in 24 hours after creating a node, instead of doing that according to a generic schedule at 20:00 GMT every day. It’s important to note that you need the same amount of both DAI and CUBO to provide liquidity through the app. To create a node, users need to install a wallet on the Polygon network, buy DAI and CUBO in QuickSwap creating LP tokens X CUBO and X DAI, connect the wallet to the Cubo application, choose the node size, and contribute X CUBO and X DAI to the liquidity pool. Also, the higher is the CUBO price, the higher the daily ROI will be. The bigger is the node, the better are the daily returns starting from 0.1 CUBO or 0.1% a day and reaching 100 CUBO or 1% per day. The project offers 8 different types of nodes that require different initial investments giving an option to participate for investors of all sizes. Token holders get an opportunity to receive a stable return per node on a daily basis while the amount of income is determined by the type of node and the price of CUBO. The token itself is used for trading and generating passive income. Trading pairs with the highest trading volume are DAI, MATIC, and ETH. The system makes the token inflationary when new nodes are created and deflationary when there's an excess of CUBO in the pool.Īt the time of writing, CUBO token is traded only on QuickSwap with 100% transparent volume. However, as CUBO becomes a more established token in time, the team plans to increase this limit or even remove it entirely.ĬUBO token was launched on the Polygon Smart Chain (MATIC). The maximum limit of 10,000 coins prevents users from buying and selling the token in huge amounts. Cubo’s anti-dump mechanism is based on limiting the number of CUBO tokens per transaction. To prove its eligibility, on January 24, 2022, the protocol’s KYC was successfully checked by AssureDefi, the verification standard for project owners in the crypto industry. Since the team is very passionate about passive income, the key goal of Cubo is to create a passive income aggregator available to everyone.Ĭubo is committed to the security of its investors. Launched on January 10, 2022, Cubo represents a node protocol based on the Polygon network that owns its liquidity and automatically adjusts its supply to maintain stable returns.
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