Introduction to PolyCUB Platform Mechanics | DeFi 2.0, xPOLYCUB, Bonding & $1M+ Airdrop to CUB
In this clip from Friday's AMA, we gave an introduction to PolyCUB. This covers much of the topics that we discussed in the @leofinance update released earlier this week.
We've been designing and building POLYCUB since July 2021. Through so many months of development, we went through constant iterations and reiterations of what we watned to build.
With PolyCUB, we wanted to build something unique. Something that is feature-rich right at launch. PolyCUB compliments CUB and LEO in all of the ways that we wanted it to when we set out on this journey.
POLYCUB is deflationary. The max supply is 26,000,000 tokens and there is an emissions rate halvening event every single month until this number is reached.
Throughout the life of PolyCUB, a PCV (Protocol Controlled Value) is build into the platform. This mechanism builds itself through a 10% management fee on all Polycub Kingdom harvests + other mechanisms like LP Bonding.
As more features are released, they'll be aimed at continually expanding this PCV treasury.
As the PCV grows, the RFV (Risk-Free Value) of POLYCUB grows as well. Essentially, this creates almost a "soft-peg" or "deterministic value" for the price of POLYCUB.
I.e. POLYCUB can theoretically be redeemed for PCV. If there is $1m in PCV, then we know that POLYCUB's RFV is the current supply / $1,000,000 USD.
Since the PCV itself is pooled as TVL in the Kingdoms, the TVL of PolyCUB grows endlessly and so does the Risk-Free Value of POLYCUB.
A continually expanding PCV on PolyCUB will be one of the primary metrics for valuing the utility of POLYCUB In the long-run. Many platforms like Olympus (OHM) have pioneered these concepts.
All of these concepts are being considered "DeFi 2.0" in the current landscape of this industry.. and all of these concepts are built directly into PolyCUB.
Additionally, PolyCUB has several other bullish mechanics which are discussed in the intro post on @leofinance and in the above clip from the AMA. Features like xPOLYCUB staking - where 50% of early harvest penalties are paid to xPOLYCUB stakeholders.
1,000,000 POLYCUB will be airdropped to all CUB stakeholders in the:
- CUB Kingdom (100%)
- CUB-BUSD LP (50% - since the other 50% as BUSD doesn't count toward the airdrop)
- CUB-BNB LP (50%)
pLEO is also commonly forgotten - as we dicsussed in the AMA clip. CUB created a massively bullish event for LEO (driving the price up to $1 when it launched) because it created an entirely new use case for LEO: LP'ing on the Binance Smart Chain and earning 200% - 2,000% APY for doing so.
Now, pLEO will have the same opportunity as an LP is created on the Polygon network via PolyCUB.
Incredible times ahead!
As we continue to get closer to the launch date, we will keep pushing out in-depth updates so that everyone can prepare for POLYCUB. It's a complex platform with incredibly bullish mechanics. Many will be directly tied over to CUB.
▶️ 3Speak
Wonderful stuff again old friend.
It has been a great story to follow and be a part of these last couple years. So nice to see the innovation and progress being pushed by you and the awesome team.
Here’s to the continued success and playing a big part in the evolution of crypto as a whole!
Thank you so much for the wonderful information, I don't comment a lot but want to say I really learn from watching these videos !
This is really nice. Keep up the good work
Very good information, straightforward and explain everything I wanna know.
Thanks
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Hello i New user i dont understand platform ı'm help pls
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good job!
Amazing!
By the way, anybody an idea what about the BNB dividends, promised since months?
If that feature was not implemented, why not take it off from the frontend?
it is, not worth looking at it, dividends are super low.
GM!!!!!!!!
All the LEO Finance and CUB Finance tokens will probably show some strength in the next period. Let's see how early will Christmass come... ;)))
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Loved the conversation, the explanation of the mechanics was very thorough and transparent if there is one thing that I took away it was that once you get your hands on polycub, just stake it and hold it for your dear life and keep receiving those 50% penalties from paper hands hahaha! 21mio cap is like a cherry on top just adds even more incentive to hodl. :)
Is there a guide on how to add liquidity to pLeo?
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1000000?
The numbers do not match 2 me.
Or smth I don't understand:
How this many, 26 MLN can be printed?
If Polygon chain blocks come out every 2 seconds, with your described halving algo (print pace) seems 26M can never be reached. Rather - only 1/4 of that:
What I am missing?
Good questions.
7881888 CUB*0.15 = 1182283 Polycub. So i dont know :D
good question too: problem with this part is you assume every single CUB is counted from Kingdom to LP.
What if (and we are not confirming whether these are true or false):
Saying the word airdrop tends to beg questions before the real details are live. We mentioned in the @leofinance post that having CUB in one of the 3 locations (Kingdom and 2 LPs) is a prerequisite to the airdrop
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multiplier sounds sexy. I'm open to a longer story.
Talk dirty to me #multiplier :D
"whitelisting process"?
Did I miss something or is this info yet to be disclosed?
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Good questions, few things missing here though - namely that 26M is the max total supply not necessarily the maximum supply that is printed. I.e. there is a print rate and that print rate will continue until the last PolyCub token is mined. 26M tokens are not printed from the start and then distributed, that is simply a maximum cap that can be achieved
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See stuff like just keeps giving me the reassurance that Leo, cub and the projects behind it, is the future. Bullish all the way.
Incredible times ahead for LeoFinance community :)
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This is definitely a bullish news for Leo token 🚀
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为什么你的收益会这么高啊，大佬。
Looking forward to this and thank you for working hard to get it rolling! Kudos to the whole team!
Now I'm tempted to look into more CUB buying :)
!PIZZA
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Thanks for all the info! Upvoted and rehived.
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