PolyCUB launched approximately 16 hours ago and is probably the hottest thing in DeFi right now. The wens and soons became nows, and APRs are very juicy at the moment. Interested in earning insane ROI on Polygon? Great, then PolyCUB is the place to be right now. Better hurry up and put that crypto to work.
Yesterday I spent the whole day waiting for the launch, and it was all well worth it. Thankfully, I had pooled my pLEO and wMATIC on SushiSwap before PolyCUB went live, so as soon as @Khaleelkazi gave the signal, I went and staked my LP tokens in the pLEO/wMATIC farm and started earning PolyCUB right away. Early bird vibes 100%.
Source: docs.polycub.com
The best part is I managed to swap some pLEO for PolyCUB during the very first minutes of launch. I predicted PolyCUB doing 3x/4x stunts after launch in yesterday's post and luckily I was right. The token is currently sitting at $4.65 and looks very strong. I could bag 4x profits generated in less than 24 hours and ride off into the sunset, but hell no. It looks like we are just getting started.
And it gets even better: I decided to stake my purchased PolyCUB into xPOLYCUB, and now each xPOLYCUB token is worth approximately 2.21 PolyCUB. That basically means that my initial investement has now grown by 8,840% over the course of less than 16 hours, and that's without taking into consideration my pLEO/wMATIC yield. That's a beauty, isn't it?
xPOLYCUB tokens are getting more and more valuable as the hours go by, and that's due to the fact that every time a farmer claims locked PolyCUB rewards, they instantly suffer a 50% penalty which goes directly into the xPOLYCUB contract. Therefore, a staked xPOLYCUB token accounts for more and more PolyCUB as people keep claiming locked rewards. This is probably the most intelligent DeFi mechanism I personally have ever stumbled upon, and I'm very excited to see how this plays out to say the least.
At the current rate, you will end up with 1 xPOLYCUB token for every 2.21 PolyCUB staked, and the amount of PolyCUB needed to get a single xPOLYCUB token will only keep growing as people claim unlocked rewards. Wanna dump your insane yield and bag some quick profits? Cool, you will just have to pay half of it to the xPOLYCUB stakers. Pretty neat.
In order to calculate the amount of PolyCUB you can get at any time for every staked xPOLYCUB token, you just have to divide the total amount of staked PolyCUB by the amount of xPOLYCUB in this contract. The ratio keeps growing steadily as we speak, and the price of PolyCUB is climbing up as well. The dopamine boost is real.
DeFi comes with risk, and as we all know with great risk comes great reward. There's a ton of new DeFi projects coming into existence every single day, so the current yield farming frenzy on PolyCUB is nothing new. However, the fact that we are dealing with a team of credible individuals with a known track record in crypto, who have been working hard for years now, makes it so much easier to trust and ape in. In this sense, patience was well worth it.
Very exciting times ahead. I expect PolyCUB to keep driving up demand for LEO and CUB in the following weeks. The new platform is something extraordinary, and it's safe to say that we are currently in uncharted territory. Nobody knows what happens next, so take everything you read here with a grain of salt and have a look at the docs if you're interested in joining the party.
If you have any questions, feel free to ask and I will do my best to provide all the necessary information. There's still a lot I need to learn and research though, so if anyone else wants to share insights, feel free to do so in the comments below. I will be back with more material for diamond paws looking to take advantage of the situation. Till then, happy farming!
That sums it all up for now.
Never forget!
NFA - DYOR
I'm just a random guy with opinions. This is by no means financial advice. Just my personal thoughts and experiences.
