frens, in about 1 hour the emission rate for POLYCUB per block is reduced by half!
Transparency
This is something that I've always admired about the LeoFinance team. They're extremely transparent with how things are going and issues with their apps. PolyCUB was released less than a month ago and we've seen a number of fixes deployed along with UI updates. Every week they host an AMA session which is great for community engagement. Khal answers pretty much every single question that is asked and that's something I respect. There's no smoke and mirrors here. They set out to build a DeFi 2.0 Yield Optimizer and have done just that while remaining very transparent.
In the most recent update about an hour ago, they dropped another surprise feature on us. There will be a page where users can see every asset the protocol owned liquidity holds. All this will be available in real time for anyone to see.
Any time there's a question about where the yield comes from... Well, now you can see everything. The Protocol Owned Liquidity earns yield continuously and buys POLYCUB off the market to distribute to farms. The PoL is built through Kingdoms management fees, bonding, and collateralized loans.
The next feature we will see added is bonding. This feature will allow users to sell their SushiSwap and Curve LP tokens to the protocol in exchange for discounted POLYCUB. This will drive a ton more value into the protocol making it even more sustainable.
After that we will see the launch of collateralized lending. This will allow users to take out overcollateralized loans by staking their xPOLYCUB tokens in a lending contract. These self-paying loans will automatically pay themselves back with the APR from staking.
We are in the very beginning phase of this amazing new application built by our very own LeoTeam. This is arguably the safest yield farming app that exists, simply because it is very transparent. Backed by not only $10 million in value locked, but by the entire LeoFinance ecosystem. This is DeFi meets social media, which is a game changer. Ain't no rug pulls over here.
Scarcity
The POLYCUB token is extremely cheap right now - around 62 cents. It's mind blowing to me that people are willing to sell such a versatile utility asset so cheap. I'm thankful for those selling because it means us OG's have more buying opportunity to build our stack. There's 1/3 the amount of POLYCUB vs. the amount of Bitcoin and Bitcoin can't be staked to earn yield or take out loans (natively). Think about that for a minute. Roughly 8 million will ever exist.
The emission rate halvening will make it even harder to accumulate POLYCUB and only 173 addresses are holding the asset. Wait til the mainsteam degens find out about PolyCUB. The amount of marketing is pretty amazing and it's definitely paying off. What would you do if you found out that when you stake in xPOLYCUB, number go up forever? That's something unheard of.
xPOLYCUB is even more scarce. With its ever increasing ratio to POLYCUB tokens, there's only goign to be around 800,000 of these bad boy. With every passing hour, they are becoming more expensive to get in terms of POLYCUB. Right now, 1 xPOLYCUB = 17.4304 POLYCUB. It's mind blowing that anyone that got in on day 1 has had their assets do a 17x gain! Even if you got in about a week ago, you're probably sitting at a solid 7x.
I believe in the long term vision of the project, and I think it's a pretty safe bet. I don't think Khal is gunna run away with all the money. There's too much at stake here. Literally. Awesome work LeoTeam.
Thanks for reading! Much love.
Links 'n Shit
| Play to Earn | Read emails, Earn Crypto | Get free crypto every day | Get a WAX wallet |
|---|---|---|---|
| Gods Unchained | ListNerds | PipeFlare | WAX.io |
| Splinterlands | GoodDollar | ||
| Rising Star | FoldApp |
