xPOLYCUB: Rewards On Steroids

The world of Decentralized Finance (DeFi) is changing. We read a great deal about DeFi 2.0 and what it is evolving into. For most of us, this is just theory.

That was, of course, until the release of Polycub by the Leofinance team. This is something that we are now starting to see the potential.

For those unaware, this is taking place under the umbrella of Leofinance's DeFi arm, Cubfinance. There was a separate site set up to run the project, helping to bring more value to the Cubfinance, and ultimately Leofinance, ecosystems.

In the meantime, it is offering the participants amazing returns. This is something that will be duplicated every 60-90 days as the project rolls out on other EVM blockchains.

That said, it is helpful to understand what xPOLYCUB really is and how it works.

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xPOLYCUB: Total Game Changer

Many of us are familiar with yield farming. It is a rather basic concept, which is not new. Investors throughout all markets chase yield. This is what investing is all about. When DeFi started to emerge, we saw this quickly embraced.

What followed was a mixed of success and failure. Many of the projects we saw headlining the crypto media articles are in the toilet today. Their tokenomics simply did not work. Alas, that is the price we pay for being early, a time when experimentation takes place.

Fortunately, Cubfinance was able to remain flexible and adapt. Instead of rushing headstrong into a wall, the team stepped back, and re-evaluated. This led to the creation of an entire new model, one that incorporates some of the most powerful aspects of what is now being termed Defi 2.0.

POLYCUB is a token that is being claim dropped by holders of CUB. Each CUB nets a percentage of POLYCUB. So far, this is nothing special. We all like free money and, if the project stopped here, it would be powerful.

However, there is another step that makes it a game changer: xPOLYCUB.

Individuals have many choices regarding their POLYCUB. They can hold it liquid, put it in farms, or set it in the Kingdom. The latter is what is putting the rewards on steroids.

When POLYCUB is put into the Kingdom vault, it actually "buys" xPOLYCUB. They initially started out on a 1:1 basis. This quickly changed. As the inflation of the POLYCUB token unfolds, along with the penalty for early claiming, the amount of POLYCUB in the vault grows. While this is happening, the POLYCUB stays the same.

Therefore, over time, the value of xPOLYCUB, in POLYCUB terms, increases. This means that, with each passing day, the number of POLYCUB one will receive when exiting the Kingdom increases.

The Numbers Tell It All

Basically, we are looking at the relationship between POLYCUB and xPOLYCUB. Here is what we see at the present moment:

polycub.png

You will notice that each xPOLYCUB is now worth just over 3 POLYCUB. This would be the payout for each one upon exit from the Kingdom.

To give some insight into how powerful this is, we need to look at past pricing.

When the project went live, as mentioned, it was a 1:1 correlation. Earlier today (March 6th), we saw it at 2.27 at 9:30 AM eastern time. By noon, it was 2.50 and 2.61 at 1:45.

In less than 12 hours, the holdings went up about 33%. That is a return that would make anyone happen.

Of course, over time, the APR decreases. The idea is to make POLYCUB deflationary. There are periodic halvings, just like Bitcoin, which slows the release of new supply. The liquidity pools are still in tack, hopefully increasing over time. As more people use the features of the POLYCUB platform, we should see the management fees as well as transaction fees increase.

All of this helps to support the value of the token.

xPOLYCUB captures a fair portion of the present inflation rate. That is why those who are in the Kingdom are realizing powerful gains.

Keep in mind, the payout, in POLYCUB, only keeps growing. It can, however, fluctuate, based upon USD. That said, the ultimate goal of the deflationary nature of the token is to keep driving demand through utility as the supply distribution declines.

Of course, it is worth mentioning that the key is to drive value to CUB. This is just the first of what is going to be a number of projects following a similar model. Each of these is based upon a drop to CUB holders.

For the time being, we will focus upon POLYCUB. The team is watching how the tokenomics perform. For the first 24 hours, it has really taken off. Those who are stacking xPOLYCUB are finding the gains very exciting.

xPOLYCUB is showing itself to be rewards on steroids.


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Posted Using LeoFinance Beta



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The people doing V2K with remote neural monitoring want me to believe this lady @battleaxe is an operator. She is involved deeply with her group and @fyrstikken . Her discord is Battleaxe#1003. I cant prove she is the one directly doing the V2K and RNM. Doing it requires more than one person at the least. It cant be done alone. She cant prove she is not one of the ones doing it. I was drugged in my home covertly, it ended badly. They have tried to kill me and are still trying to kill me. I bet nobody does anything at all. Ask @battleaxe to prove it. I bet she wont. They want me to believe the V2K and RNM in me is being broadcast from her location. And what the fuck is "HOMELAND SECURITY" doing about this shit? I think stumbling over their own dicks maybe? Just like they did and are doing with the Havana Syndrome https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism

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pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 96 of my contest just started...you can now check the winners of the previous week!
!BEER
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Was just reading up more on the xpolycub and realized it's just like the CUB kingdoms but with nice big perks on it! For sure a hodlers paradise

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Im having fun with this and learning a long the way. I made $2 and gave 1 back in order to stake in xpolycub lol. I'm licking my 50% wounds but now I've got 1 full polycub staked in xpoly. I'm gonna be rich!!! My question is this though, what is the end use of xpoly? Is it just a way for users to play on polygon?

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POLYCUB is ultimately deflationary like Bitcoin. There is a halving periodically which reduces the supply. The use case is throughout the entire platform. We see it being used in farms for liquidity.

The inflation is mostly directed towards the xPOLY holders. It helps to grow that basically locking it up. We will see the harvesting rewards still take the haircut if people claim too early. Plus there are longer term management fees.

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I mostly getting comfortable with that and it sounds great but I'm not understanding why we would want it in the long term. You're saying that it would be for farming and there will always be demand for that type of thing?

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Yes there is going to be ongoing farms just like with Cubfinance except on a different blockchain. We also have the swap to pLEO for anyone looking to get involved in the Leo ecosystem. In other words, another place to buy it.

Anything that creates activity is going to add up.

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(Edited)

I think another thing is, the leo team has learnt from the lessons of cub, I mean, it would be difficult to resist the holding incentives on PolyCub, hence dumping wouldn't be too rampant. Xpolycub particularly is insane.

It's been difficult to claim the airdrops though. Hope this will be rectified soon

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The idea is to keep the POLY locked up as xPOLY and incentivize that. Khal mentioned the idea of a bond. Think of it as that way. The APR will keep declining as the inflation rate is reduced but it will still gain in value (at least related to POLY).

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xPOLYCUB is the rewards for the ones with diamond paws. 90 days, no matter what happens with the USD price. It's going to be insane to see what it looks like by then.

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I dont think you have the 90 day rule with xPOLY. That is on the rewards. However, xPOLY appears to be a long term hold.

We will see what the numbers look like in a month.

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Honestly I was not familiar with yield farming but after reading from you get some concepts. xpolycub is now seems celebrity 😄 as many hivers are talking about it these days.

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Great explainer and you can see the team has really built on their past experiences with bleo and taken polycub to another level.

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I wondering if xPolyCUB will only have these huge holdings increase due to the increased farming rewards. So, when these yield farmers leave, what will actually happen? I think I will continue to stake my PolyCUB for the first week or two. After that, I am not sure if I want to stick them in the xPolyCUB or not.

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The rewards have the 50% penalty so be careful of that.

xPOLY is going to be fed more rewards over time so the value will keep growing although the pace will change.

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(Edited)

How do we claim these? I feel like I’m missing it.

Edit: I'm having an issue getting funds moved from BSC to BSC Main. I sent enough to cover the cost of the claim but it isn't showing up. I recall long ago there was some kind of method to go from one chain to another and back to BSC, but I don't remember how it worked. None the less, the money I sent from BSC in metamask, to the BSC Main hasn't showed up despite showing it has been complete and successful. Can someone be kind enough to enlighten me?

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Have to claim on Polygon not BSC.

You do the claiming through polycub.com.

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(Edited)

I figured it out and somehow ended up with $200 worth of BNB that isn’t mine. Or is it a bug bounty? Time will tell. !LOL

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Sometimes, it is always a smart decision to wait, study before engaging. This is what the LeoFinance team did. This has enabled them to build a very unique and uncommon DeFi project in xPolyCUB.

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a new opportunity that the Hive and Leofinance blockchain gives us to improve our income xPOLYCUB is the answer to many of our future answers

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A topic I'm looking at and am walking around reading some posts to understand!!! this one was pretty clear, so I appreciate you making it!!!!

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It is a good idea to learn about it since it will be repeated on other chains.

So having CUB is a smart idea because it will lead to airdrops.

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I wish I read this 9 days ago...
Shoulda, woulda, coulda... BUt there's fifty days left in the airdrop...maybe still time for big gains.

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