POLYCUB: MY EXPERIENCE SO FAR
Last week I got into polycub farm and I want to say it's been exciting trying to come up with the best strategy to optimize my capital. It has not been the easiest of tasks. Most times I found myself confused (PTSD from Cubdefi) because I was trying to process a lot at once.
I wanted the safest route and the pleo-wmatic farm seemed to be the safest option. Leo has been relatively stable and matic has held around $1.40ish. So it was the best option for me. I decided I will power down 800leo (coupled with my liquid earnings from posting on leofinance) and buy some matic to add to my pleo-wmatic stake for the next 4months. I would be comfortable with a thousand dollars in this pool--that's the goal for me.
The other question for me was when do I start buying polycub. I had to check the price history of cub on BSC, so I can have some form of insight into the sentiment towards the token. From the chart it showed that cub held around $3.5 for a month before the downward trend. So my guess was that polycub would do the same but I was wrong.
Polycub quickly plummeted below a dollar in the first few days. I guess many investors were reacting to previous events (on cubdefi) and trying to make the most out of the high APY. There has been a lot of FuD around the project, however, I have chosen to listen to a more informed perspective on the project to inform my decision making. I think most of the FUDing will end this week and the price of polycub will pick up in the coming days.
Currently, the price of polycub is below a dollar and I feel comfortable buying at this point to stake. I imagine the worst-case scenario polycub mirror cub in terms of price. The high APR should cover any of the losses (if any occurs). It is important to note that polycub and cub have different tokenomics and both tokens are most likely going to perform differently. This is why I think mirroring both tokens can be misleading.
I have spent most of my time reading and learning more about polycub (DeFi 2.0) to better understand the protocol and I feel more confident in exploring it further. Any money I can afford to spare is going into polycub. I will like to get my polycub/xpolycub stake to a thousand dollars. This is what I am willing to risk at this point.
My next update will come up when I achieve my goals. Cheers!
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Indeed very helpful blog who has such kind of questions in mind about PolyCub. Thanks so much for sharing.
The pleasure is all mine. I am glad you found this post useful. Cheers!
Posted using LeoFinance Mobile
I think you might be fine if you stay in the pLEO/MATIC farm but those in the polyCUB farms are probably suffering quite a bit from the IL. I tend to think that I might try to stay away from those farms in the beginning as the IL just isn't worth it.
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Considering the price of polycub five days ago, it won't be a great position to be in and would take a longer time to cover those losses. That's why I went with coins with price history and some level of stability. Staking polycub for xpolycun would have been a better alternative
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I think the POLYCUB will be go up from there.
So I decided to move my investment to POLYCUB-USDC to enjoy high APR :)
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It’s lovely to know that there are no fines for moving in and out of pools.
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Not at all but you need to pay small transaction fees. However, fee is pretty much low in Polygon and I don't hesitate to move around to get higher return :)
I think this is one of the major incentive to hold polycub and I think it will pay off for the first 3 months
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Well...if PolyCUB moves up a lot, holding PolyCUB might be the better option if you understand IL. Farms do the best when the price doesn't move much and you capitalize on the yield because PolyCUB will be converted into USDC if it goes up a lot.
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Thanks for your comment.
Farming/holding is the matter of price and time.
I made a quick table to do the comparison of 3 options : hold POLYCUB, hold xPOLYCUB, enter POLYCUB-USDC farming
What I can see are
However, it's just the estimation and real figure may be very far away.
I think I will use this table to keep tracking the actual figure :)
Posted Using LeoFinance Beta
Thanks for this analysis. However, I would like to ask: does this chart factor in the penalty for claiming rewards? My rationale is that most people buying polycub are staking it. And those earning it in rewards are either claiming early at a price so they can stake. So in my opinion holding xploycub seems like the best option in the long run because all that polycub gotten from early claimer goes to the xpolycub holders.
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Yes, you're right. I do not count the penalty 50% in this chart because I plan to hold earned POLYCUB for 90 days :)
But considering the quick liquidity, xPOLYCUB is the best option.
Lol, you are brave. I don't think I can do this considering that polycub is fairly a new token. I can wait to watch the price action for a couple of months before doing something like that. But hey, this is defi, the more the risk the higher the reward or loss.
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I just my liquid leo and 245 hive I had earned on hive-engine. I swapped the 245 hive through swap.matic and now I believe I paid too much. I only ended up with 40 matic to pool so I have about $90 in the plea-wmatic farm. It's a good amount because if I lose it I wont care. Just trying to learn defi a bit because like you, cub was difficult for me. I lost 90% over since the launch there. This airdrop rescues a little but only if I sell. I'll ride the poly wave and start planning for the next one.
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Nice plan. Happy farming.
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Oh I compared prices before I swapped and it wasn't favourable on hive-engine so I switched to binance to get a fair decent price.
I think the tram learnt a lot from the cubdefi project and fine-tuned a lot of things, which makes this a somewhat safer investment option. I am hoping it's profitable in the long run. I need this work, hehe
Posted Using LeoFinance Beta
Good luck with your Polycub farming.
Those are questions I was thinking about too. 👍
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Thank you. Hope this post provided you with some clarity
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I guess I’ll still come back to the WLEO-Matic farm eventually, but for now the Polycub-Usdc has higher APR, moreover if Polycub dips I’ll just end up having more Polycub, so I’ll be farming there for a while till almost all the juicy apr has been drained. Then I’ll retire to WLEO-Matic farm.
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Not bad at all mate. Hope it all works out fine. Leo has not so much marketing for polycub. I think once that starts it will affect price and get more people involved. Currently, there is just a handful of people farming.
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The thing about Pcub price action is that it's not real. I mean that loosely.
Last time I checked, there are only like 114 wallet addresses holding the token and out of 2.4m tokens in existence, only about 770K tokens are in the hands of normal people wallet.
Over 1.7m is spread between the Xpolycub contract and the protocol. Those tokens obviously can't be dumped.
This means that dumping is probably being done by a few accounts that are probably bots that are created to farm new projects.
Posted Using LeoFinance Beta
Omo, how does one check these things? maybe you could do a video tutorial on how to check these things. It will be quite insightful.
I haven't thought of it from this angle. This is quite insightful. Let's see how things go in the coming days and months
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Interesting hypothesis...personally it all points to the fact that the emissions rate is still high and therefore still profitable for the bot runner(s), this will most likely reduce down the couple of months as emissions reduce.
Imo I’m loving the presently cheap Polycub, my Pcub usdc farmgina gets wetter by the minute
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This is a great post and I am also a long term hodler of PLEO/Wmatic.
This pool looks like it will be a good strategy to Aquire more PLEO as the price of Matic rises o er the long run and the gains from the fsrm can just sit in the locked vault for the next 85 days until they become unlocked.
I have noticed that the airdrop is more desirable now that a few of the whales have pulled out of the CUB kingdom so I recently purchased more CUB at .21 cents and will hold for the duration of this aordrop and in anticipation of the next one!
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Yeah, one of my aims is to grow my leo holdings, that is why I got into the pleo/wmatic pool.
Nice. I was considering this as well but I have limited capital.
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I agree with you. If capital is limited then a 50%-50% split between PolyCub/USD and Pleo/Wmatic is probably the most aggressive, yet still relatively safe investment.
Worst case PolyCub drops to .20 cents and you lose a quarter, but in a more likely scenario based on the mechanics of PolyCub and the coming Bond feature PolyCub is likely to hover around the $1 mark which would allow you to maximize the current yield for the long term.
Matic is at an amazing price in my book right now, so buying it and pooling against Pleo is going to create some great arbitrage to gain access to more LEO in the long run as well.
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I read the comments on this post, it's very interesting to see the discussion here, reading this post itself has given a new insight about the choices that will be considered, not to mention the comments that really provide new knowledge, although in fact there are still many questions about this DeFi stuff.
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I think PolyCub is a good investment. I was surprised more people didn’t buy Cub to get the PolyCub airdrop or claim drop. But everyone does their own math to figure out the highest return on their investment.
Good Luck!
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