Why Staking xPolycub Seems Like the Smart Thing To Do

The Cryptomaniacs podcast welcomed Hive account@khaleelkazi to chat about all the exciting things that were about to happen in the LeoFinance space and what the future holds especially with the Polycub project earlier this month.

It was a highly informative session because both parties had vast knowledge of blockchain technology, with Hive account@taskmaster4450le asking the clearly right and technical questions and Khal the guest doing his best to elicit the clearest possible responses.

The podcast talk has increased my curiosity about the project, but it has also made me more drawn to xPolycub and what it stands for.

xPolycub

The Polycub project has attracted a lot of attention, and it has been designed to be a yield optimization platform with a spin. It appears to be changing the game for Defi 2.0 because it was designed with past Defi projects' shortcomings in mind and built to repair and improve on existing ideas.

xPOLYCUB alters the mechanics of token distribution through Yield Optimization Harvesting Fees, which essentially means that by staking your xPolycub users are placing themselves in the POLYCUB tokens single-staking pool while simultaneously receiving harvesting penalties from other users.

The xPolyCub mechanism allows users to buy and stake PolyCub in order to gain up to 700 APY of all the trade generated by other farmers on the site who may choose to claim their harvest before the x blocking period expires. This means that 50% fines generated by other farmers who harvest their yield before the x block locking period expires are distributed by members who are still in the pool.

Many members of the LeoFinance community have commented on how exciting and worthwhile the project is, and it is constantly gaining critical acclaim in the crypto sphere with major blogging sites such as bitcoin.com, Cointelegraph and many others have since spoken very fondly about its prospects.

The excitement surrounding the project is palpable, and the future offers a lot of potential for the project, with so many favourable statements, particularly about xPolycub, which currently sits at 16.8 ratio to 1 Polycub, with projections for further increase as the Xpolycub number only goes up. Conversely, as Hive account@taskmaster stated in one of his responses;

Source

So the advice is to keep increasing our stake, and we will be glad we did in the future.

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