Locked My xPolyCUB in the vexPC Vault For 2 Years

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Two days ago (16th July) upon learning through the Daily Crypto Market Live Blog via Taskmaster that the vexPolyCUB has gone live, I decided to do something that would make me cultivate patience for the next two years and make PolyCUB (xPolyCUB) a real long-term investment.

Locking my xPolyCUB for 2 Years

Without much thoughts, I went ahead and moved my staked PolyCUB (xPolyCUB) into the new vault, the vexPolyCUB. Normally, I wouldn't dare do anything like that but I have faith on the project and on Khal's vision of making PolyCUB a sustainable and reliable DeFi and putting my small holdings into the long-term vault is my way of supporting it.

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That means I have no way of touching that PolyCUB (xPolyCUB) in the next 727+ days, let alone trade or sell them when the price becomes juicy enough to take profits or so. But I do hope that the PolyCUB economy will thrive and that Khal's vision will get realized in the next few years or who knows, earlier?

As of this writing, the Total Value Locked (TVL) in the vexPolyCUB is $345k+ and these will earn a fix vexPolyCUB APY of 20% in addition to the inflationary yield on the xPolyCUB which is currently at 65.78% and this basically means my xPolyCUB (vexPC) will keep increasing.

The current ratio of xPC to vexPC is 1:1 but I expect this to change when the Protocol Owned Liquidity (PoL) will start buying PolyCUB from the market.

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Taking Part in the PolyCUB DAO

After moving my xPolyCUB into the vexPolyCUB vault, I then proceeded to the Yield Governance and using the newly released Governance UI, voted for my favorite Farm Vaults. It was a breeze voting without having to copy and paste contract addresses and manually do transactions. This time, I just clicked on "Vote" beside the farming pair I like to support and then approved it on my Metamask Wallet and done!

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Next was to have my "say" (vote) on the first proposal on the PolyCUB Improvement Proposal (PIPs). Although my vote weight (governance power) is small, it still felt good to be able to participate.

I think PolyCUB DAO is great, giving stakeholders a voice on how or where they want the platform to move forward. Hopefully, we would all work towards the vision of making it a sustainable, reliable DeFi platform where yield will keep growing for all of us to benefit from in the long run.

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The current proposal (PIP2) is to decide about the Multi-Token Bridge Fees, whether to keep the current percentage which is 0.25% or increase it to 0.35% or to 0.50% specifically for pHBD, pSPS, pHIVE and pLEO.

It is worthy to note (and know) that the revenue from the wrapping fees in the multi-token bridge is to be used by the Protocol to buy back PolyCUB from the market and lock it up on the vexPolyCUB vault.

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(Source)


If the PoL keeps buying PolyCUB from the market and then depositing them into the vexPolyCUB vault, we can imagine that the liquid PolyCUB will eventually become scarcer or limited. Do note that the Total Supply of PolyCUB is less than 7 million (6,752,715).

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More information about vexPolyCUB, governance and others were discussed in broader details here and some updates here too.

DISCLAIMER: Nothing in this publication is an Investment or Financial advice. Please do your own due diligence.

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Images/Screenshots were from Polycub and within LeoFinance community. No copyright infringement intended. 180722/10:35ph

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(Edited)

Great write up about the current status of #polycub

This is still my favorite crypto project

!PIZZA !PGM

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Thank you, it's one for the long term. Cheers to you on your investments too
!PIZZA

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wow, two years is a long journey and you have guts. Seems the polyclub project is really a good investment. Can you Share any detailed links to learn more about polyclub and the investment part of it. I've checked few articles lately, but didn't really find the one that spell out the benefits.

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Yes, it's a very long time when it comes to crypto. PolyCUB is DeFi. You can read more from [Khal's posts](https://leofinance io/@khaleelkazi) as he often discussed about it since months ago. Or you can also go to Polycub and have a look and also check the documentation thru the links there.

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Thank you so much. I've checked the polyclub site before, but didn't think of the document. I'll go check it out

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You're welcome :) Wish I could explain them in short details but cannot hehe.

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I just checked the document, but I still need some vital information about the investment part, like stakingconditions, earnings, etc, please are you discord and willing to help me out with those info? These are questions not good to ask here. Thank you

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The yield % are already on the Polycub Farms, the APY and APR are indicated there. I'm sorry I just read this now. I'm having difficulty accessing Discord probably due to my internet issues. If you have specific question, you can ask it here or better yet, on the LeoFinance Discord. There are a lot of helpful lions there :)

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Thank you for the reponse. I do understand your concern about the discord connection.

I quite understand that if I stake polycub, my APR is further staked in xpolycub which can only be withdrawn within the x block period, that is after 90 days and if I should withdraw before that time frame, there'll be a 50% reduction on my interest.

Question 1.

When can I withdraw the main investment capital, or fir how long is it locked.

Question 2.

Does the farming feature follow the same trend? That is my generated APR is also locked for 90 days and my capital for how long?

These the two concerns I can share publicly.

Thanks for your time

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Thank you and if you are staking PolyCUB in the xPolyCUB vault, you can unstake it anytime with no penalties. There is no lock up period on that vault.

Q1: You can withdraw your PolyCUB anytime if they are in the xPolyCUB vault.

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Q2. In PolyCUB Farms, the lock up period for the yields is 30 days (not 90 days because it had been voted by majority of the stakeholders so it was shortened to 30 days).

Example, if you LP pHBD-USDC today, you can harvest the yield anytime and the harvested earnings will go to the "Locked" wallet and there, it will count 30 days before it goes to the "Unlocked wallet" where you can "CLAIM" it without any penalty. If you claim the "locked" yield before the 30 days is over, then you will only receive 50% of it because there's 50% penalty.




Regarding withdrawal of your LP'd assets in the farm, it is not locked so you can pull them out anytime.

I wrote about Harvesting and Claiming PolyCUB yields in the farms HERE.

I hope these help :)

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I am so much grateful for this detailed post. Thank you a million.
!CTP !ALIVE !LUV

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Great write up! I didn't hear of this before. Good luck with your investment. If only we could make all our investments without any worries or concerns like this.

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Thank you Steve, hope things will go well with pCUB and yes, all where we are invested.

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Always great to see more people jump into the VeXPolycub vault! I wasn't expecting the Vexpoly TVL to grow so quickly, goes to show how much the community believes in the future of the project. Let's just hope the POL generates enough to pay the 20% apr + the farms yield.

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That is true, 2 years is a long time but people still jump in so it does show that the support is quite solid. We do hope for it to become sustainable.

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Nice going. I locked mine as well. Funny thing is that I intended to hodl for like ten years anyway, so locking up for extra 20% APR is a blessing.

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It is great that most are HODLers and are in for the long-term. The 20% extra APR is a nice addition indeed.
!CTP

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I'm yet to look into vexpolycub, so many projects. Thanks for sharing your experience. I'll be looking into it.

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I think vexPolycub is one way of making PolyCUB stable-ish. You're welcome and all the best!

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Congratulations on your investment.
Thank you for the nice walk through of the governance User Interface, and I appreciate the links!
PolyCub is shaping up to be very amazing!

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Thank you and you're very welcome. It's great to see how it is going. Hope it shapes up to what Khal is envisioning it to be.

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I must admit that I was unsure about this, but then when you mentioned the current ratio iof 1:1 it made me think of x-polycub and polycub, and how much x-polycub grew in value compared to polycub, and I had to ask my self if I wanted to miss out on that? Hmmm.. that would be a no.

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Nice question you gave yourself there hehe. I wish you the best on your investment decisions too. Cheers!

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I have done the same too and holding long term is the best way to go for every project

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Awesome! That's right especially when the project is trusted. All the best to our investments

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We all trust khal

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