As a part of cross-chain CUB project, both CUB Finance on BNB Chain and PolyCUB on Polygon are two unique platforms that bring us advantages to trade our Hive and HBD on decentralized exchanges on two other chains.
When Binance halted the withdrawal and deposit operations of Hive, wrapped versions of Hive and HBD were transferred to these chains to keep managing our assets as we wished without being tied to a centralized exchange ✌🏼
Today I could not make a decision about my DeFi investment in CUB projects. Shall I chase the higher APR on CUB for stablecoin pools or is it better to stack more PolyCUB while it is getting scarcer periodically?
Staying on PolyCUB has Strong Sides
I adore the Kingdoms on PolyCUB as they have the highest return for my other LP investments. Since the beginning, I'm in the WETH-DAI pool and during the turmoil in crypto, I kept receiving auto-compounding LP tokens + PolyCUB.
When I first provided liquidity, It was 8.68 which has grown in time. If I had stayed on Sushi it would be around 5% APR:
There is a real difference between the return in PolyCUB and the Sushiswap liquidity pool. When there were proposals on PolyCUB to decide on the rewards of farms, I missed voting for my own farms, too. Lessons are taken!
PolyCUB Improvement Proposals
Read about the document PIPs to understand the way governance works on PolyCUB. Basically, the farms may not be yielding a decent return as in the examples of CUB for now. However, your votes can drive the rewards on the farms that you choose.
According to the document, the voting window is closed for this term.
You all get to decide with your proposal vote, so please cast them before the window closes on October 27th @ 10 PM CST.
If you missed this window, you can still use your votes for the next one. You will have 2 votes on the farms to decide on the APR with the other investors.
Multipliers on Kingdoms
I think Kingdoms are also useful parts of PolyCUB platform to bring liquidity + new investors on it. As an investor, I'm quite happy with what I've received from my investment in Kingdom so far.
The multiplier rates of Kingdoms are set as 0.1 for all of them. I believe we may adjust these rates with another proposals because I would like to jump into the upcoming voting battle for the sake of my kingdom 🔥
As long as PolyCUB is generating a nice returns, I'm sure there will be more investors on it when the market gets into an uptrend. When the day comes, the Kingdoms may help us receive new "stakeholders" of PolyCUB from their Kingdom returns.
I love my yellow investment; since I often check new DEXs, Yield Generators and other new projects on DefiLlama, I clearly see that this project positively diverges from the other copy-paste platforms.
Added to my to-do-list:
- Vote on the next PolyCUB Proposal
- Ask about Multiplier Rates of Kingdoms in AMA
- Stay in Kingdoms with auto-compounding features 😉