Loving PolyCub but...I think I love the original CUB even more.
PolyCUB arrives
It's been a couple days since the long-awaited launch of the PolyCUB platform. So far it has been worth the wait. Aside from it being much more complicated than most of us amateur Defi players were ready for, I would consider the launch to be wildly successful.
The price jumped immediately and the early yields were as advertised: massive. They've started to come back down to reality somewhat, but they're still spectacular and should remain that way for the first few weeks at least.
Now that most of us understand about how the "harvesting" versus the "claiming" works, and what the difference is between PolyCUB and xPolyCUB, I think we can see that there is a lot of money available to be made from investing in the LPs and Kingdoms, and also a very nice gift from the airdropped PolyCUB we are getting for holding CUB.
CUB continues to grow its value
Which brings me back to the title of this post. As much as I'm excited about the returns I'm getting for being in the pLEO/MATIC pool and the climbing of the "ratio" in the xPolyCUB Kingdom, I'm even more excited about the value owning the original CUB is bringing me. Let me break down why.
APY doubles
First, as you may or may not have seen, they doubled the yield in the CUB Kingdom just prior to launching PolyCUB. It went from just below 30% to up over 60%. That is a massive jump in value for the token. If you owned 1000 CUB you would get roughly 300 in dividends over a year. Now you get over 600! That means in just 3 years your base amount would grow 4x to over 4000 CUB. As people come to realize this, I think it will probably come down some but still, those returns are spectacular.
PolyCUB airdrop
Second, there are still 57 days left of the PolyCUB airdrop. Owning 1000 CUB gets you roughly 8.5% PolyCUB in the airdrop so, 85 PolyCUB dropped to you over the next 57 days. As of this writing, PolyCUB is trading at $1.80. 85 x $1.80 = $153. CUB is trading at 40 cents. So, for $400 you could get 1000 CUB paying 60% APY and get another 38% in value from the airdrop. Pretty sweet.
Future airdrops
Third, with the PolyCUB launch looking like it's going to be successful, @Khal and Co have talked about their plans to duplicate the platform on other chains as well. Fantom, ThorChain, Avalanche, and Terra have all been mentioned as candidates and I'm sure there are a few more out there as well. The goal is to make CUB, and through it, LEO, a vehicle where people can participate cross-chain on all of these different platforms without ever having to leave the comfort of the LeoFinance universe. Assuming PolyCUB continues to thrive, that goal is now very much in their crosshairs. There will obviously still need to be a lot of work done to integrate different platforms, but the mechanics have all been built. It will not take nearly as long to implement a new launch now that they know what works.
In other words, there could be multiple airdrops coming yet this year to people who own CUB.
Price
Lastly, there's the price. This is where I think it gets really nuts. CUB is trading just under 40 cents. This is off it's lows of around 25 cents but still very near it's bottom. With all of this value being created simply by owning it, I truly expect the price to rise substantially over the next couple months as people begin to realize just how valuable owning it will be.
Right now I feel as if there's been some selling pressure as some people are using their CUB funds to chase the crazy yields in PolyCUB. More power to them, but I'm think it provides a great opportunity to get more CUB.
Think about it: 60% APY, free airdrops with the potential to be worth 25, 50, even 100% or more of what you invested into CUB, and potential price movement from an asset trading very close to it's lows. To me it's a no-brainer.
This is not financial advice, obviously. There are no guarantees in crypto. Do your own research and come to your own conclusions about what's best for you with your financial situation. All I can say it that I've almost doubled my stake in the last few days and I'm probably not done adding yet.
As I said above, if nothing else, the 60% APY is spectacular. CUB has now been around for over a year and the platform has proven stable and reliable. The team has been transparent and accountable for what they've built and I feel comfortable just leaving my CUB on the platform to simply do what it does best: make me money.
So while I'm excited about PolyCUB and the insane returns it's generating out of the gate, I'm even more excited about what owning CUB is bringing to the table. You do you. We are all our own bank. I'm just letting you know what I'm doing and why.
*As always, comments and questions are welcomed and appreciated. Feel free to leave your thoughts below.
Thank you for reading!*
Other recent articles:
10 FAQs on the newly launched PolyCUB
5 Things to Know about Today's PolyCUB Launch
Welcome to the Feast...
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I have always been against buying CUB. I mean why buy it when you can earn it, but I recently picked up some more. As long as the prices stay below $.50 I will probably keep buying more too.
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I'm with you. I bought maybe 1000 Cub, maybe, back in the early days. I got the airdrop and bought a little more to kick start things in the monster-yield days. I think that was around $3. I bought a little more to average down and then bought another piece when it dipped down to 50 cents the first time. My average cost on buys is probably around $1.75.
I just let it do it's thing and it grew to over 6000 CUB over the last year. With the release of PolyCUB and the price of CUB being this low, I've now gone in and almost doubled my stake. Just the 60% APY alone is amazing for something that's now proven to be stable for almost a year. At these prices, with the future value being added through the airdrops...? No-brainer for me. Even if the price drops in half from here (which I don't think is going to happen but...say it does), in another year I will have gained over 50% on my stake PLUS 1000 PolyCUB, ThorCUB, FantonCUB, AvaxCUB, etc.
Obviously, this assumes that PolyCUB continues to work and they can cookie-cutter the model onto the new platforms, but that's a risk I'm willing to take with the past history of these devs.
Could be an extremely lucrative year...
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I would totally be pumping more into it if I had it to spare. The problem is with everything down right now my buying power is pretty much nil. I might just have to wait for things to rebound (if they do) and move forward from there. Congrats on picking up as much as you did!
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I have Matic,but I don't have Cub. But the airdrop is just additional money in our wallet for people that have Cub.
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It is. With the current prices of CUB, I think it's a great time to get some. Whatever you get now and stake will still qualify you to receive the current airdrop, which you can sell right away, if you want, to recoup some of your investment.
I am in the pLEO/MATIC pool as well as I really think LEO could be in for a little run so I don't want to lose the exposure to that.
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Ok
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This post is interesting and it should be titled “What side of Polycub are you”,....joking, but I’m with you on this one, Cub being the base layer of all the good DeFi things to come says it all. And ofcourse it’s reputation is not one to be overlooked. Cub may be small now compared to many farms out there but it’s gradually becoming one of the most innovative.
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Yes, I'm really excited about PolyCUB and it's interesting mechanics. Hopefully it continues to work as well as Khal thinks it will. But that's the thing, if it works really well and the whole platform takes off, then owning CUB is really a great idea. If it muddles around for a while and never gets the big TVL, then you're better off owning CUB.
Seems like the upside is almost as high and the downside is considerably lower owning CUB. That's just how I see it anyway.
That said, the upside on PolyCUB could blow CUB out of the water BUT, that just makes CUB worth more for the next airdrops so...you're still capturing a lot of value.
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Hmmn why do I doubt this, Polycub is just “Cub” on Polygon, Cub is Cub on every chain, but then again, the total amount of each asset in circulation also matters. So you maybe right
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We won't know until we know, right? Once the bonding mechanics kick in and the PoL and RFV start being understood, maybe a bunch more money comes in and fees go through the roof propelling it much higher.
Hard to know. With the ridiculous APYs in place for the next month....stranger things have happened.
Lol yeah right.
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I agree that the base layer CUB is still the best. Do you know if PolyCUB will be included in deciding the airdrops on the future versions of CUB?
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Pretty sure it's just going to be based on the original CUB like this one was. Not 100% sure but above 99%. :-)
I'm with you.
Pretty sweet indeed!
Not to mention if PolyCub achieves self sustainability, then you will keep getting airdropped new CUB variants on each.
But while we're here, don't sleep on LEO!
It's still the same LEO token that is acting as the cross-chain link between all of these new tokens, not CUB.
LEO is the token whose supply is getting eaten up and seeing demand rise.
Give LEO some love!
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I have. I did a pretty good write-up of the situation a couple days ago here, in case you missed it.
I've added significant chunks to my LeoPower and I'm still in bLEO and now have a decent bag in pLEO as well. I figure I'm about 5-7k away from reaching my goal of 50k. That was a year-end goal but the timeline has been moved up a little. lol
I might also be there now except I couldn't resist buying a bunch more CUB while it's so cheap. I really think that's going to go over $1 here in the next 3 months. Leo I'm giving six... :-)
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We're definitely on the same page :)
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Amen!
That's why I made LEO my top priority for the time being. I don't think there are many tokens on HIVE with as many use cases as LEO right now
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Ya, holding onto CUB will likely be one of the best plays of the year after CUB expands to many chains. I for one will continue to grow my stake.
That's what I'm doing. And it will now grow that much faster since I added to it.
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I'm with you! I actually can't believe people are not going bananas on CUB right now! I know I am!
Btw, I loved the term "original CUB" lol
I think we should make it a thing.. or maybe OG CUB :P
!PIZZA
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It is rather odd in my mind. I keep reading posts from people talking about getting CUB but the price isn't moving. In fact, it actually dropped a couple cents.
On the positive side, the TVL has stayed around $11M and it's stayed over $5M for PolyCUB even with the price dropping in half. Those both seem like good signs to me. I'll just keep gathering CUB and stacking PolyCUB. The best time to buy is usually when other people aren't.
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lots of choices and as a defi amatuer it is almost too much lol. If cub is the base do for see a time when people come running back from polycub to cub? Right now Im putting my tiny airdrop and farm yeilds into xpolycob and paying the fee. Seems like for now the best way to go but for how long? That is definitely not what I'm good figuring out.
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Yes, I just put one more batch of harvests into the xPolyCUB and now I think I might be done. I might keep putting my airdrop in there but I think I'm just going to keep my farm harvests and start the 90 day clock ticking. Who knows what they'll be worth when they finally come unlocked but...at least this way I'll build up a nice stake. Once they come loose I'll decide if I want to stay in PolyCUB with them or convert them to CUB or...something else.
A lot may depend on how much impact these press releases have. If the TVL starts climbing, then it may be best just to pay the penalty and put them in xPolyCUB. At least there you have the ability to get out whenever you want. It would suck to wait the 90 days and then watch the price tank on day 85. If the penalties scaled down as the unlocking day came closer it would be a little easier but...they don't.
In the meantime, like I said in the article, I'm stacking as much of the original CUB as I can. Not only are you getting 60% right now but you're also getting another 55-56 days of airdrops from it. Hard to go too wrong with that.
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yeah, I just gotta figure out when it makes no sense to put .5 polycub into the xpolycub. I tend to harvest 1 poly at a time from the pleo-wmatic pool. I'm not a math guy.
I do see that value in converting back to regular cub when these prices tank.
I still don't have any real grasp of why people will demand these tokens in the future. I want to figure it out.
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Therefore one should buy & hold CUB ... This is the way! #DeFi2Yo 🚀🌕👍🏽
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That's what I'm doing. It seems like others are of the same mindset. I expect the price will start to move up again once the yields start to drop some on PolyCub.
I'm with you on this one.
I think that people are ignoring CUB to get involved with polyCUB but im a fan of the older site.
The price is dirt cheap with what we know for the future plans so that's why i'm buying up more before the press releases and the money comes back to CUB.
The five year potential is huge if they expand onto the other major chains and i wouldn't be surprised to see the next announcement before the summer.
Now is the time to get ahead of the crowd when the price is still sub 40c and you can make 100% back in 90 days.
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Yes, to me it's all "free" money. You get 60% and the airdrop which should basically cover what you're putting in over the first year, possibly sooner.
That said, I do see why people are aping into PolyCUB right now. With those insane APYs, the amount of money to be made in the short term is pretty incredible. If you're comfortable getting in and out of LPs and transferring assets cross-chain, then I'm sure it's worth it. For me, I like to buy and HODL so I don't like chasing things around trying to squeeze every penny out of things.
I'm perfectly content getting the big returns on CUB and growing my stake on PolyCUB through the airdrop and pLeo farm. Knowing that I'll get a much larger airdrop on future platform expansions (which will enable me to get in early with a much bigger stake to the "x" Kingdom) without having to try and scramble around figuring out the new platform mechanics is enough.
We'll see. If the xPolyCUB ends up making everyone 100x or something, maybe I'll change my gameplan. But for now, this feels like a great way to make sure I'm benefitting from everything coming down the pike.
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Indeed, PolyCUB and CUB are unique projects with juicy APYs. Investing in any of the two will always bring good profits. However, I like the fact that you can get more airdrops in the future for holding CUB.
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Yes, that's the thing that separates them for me. That and the price, although that went lower again. I just think the value of the future airdrops plus the great returns makes it very attractive to own for at least the next year. Hopefully longer. I mean, if you can keep making 60% on something you know it's pretty amazing. Plus the airdrops as a bonus.
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