AskLeo: Airdrop Over => 25,000 PolyCub => Now What?

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(Edited)

Source: Based on image from PolyCub's Farm page

What would you do with 25,000 PolyCub?

Where did they come from? In PolyCub since Day 1, these are my harvested rewards from my Farm & Kingdom investments.

Caveat #1 - There are only 24,963.021 ... 😉

Yeah, I "rounded up!"

Source: @roleerob's "locked" balance on PolyCub's
Home page.

Caveat #2 - They are "locked up!" 😏😔

As you can see in the image above, the "Claim Unlocked" option button is grayed out.

In spite of the announcement a week ago, as the result of Governance Vote #1, that the original 90-day "lock" had been reduced to 30-days and was retroactive, they are still not available. And I currently have no indication of when that will change (yes, I opened a Tech Support ticket on Apr. 28th) ...

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Seems the spectrum of answers runs from invest them all into xPolyCub to "cash out" what can still be salvaged. Or somewhere in between ... Or a mix of ?...?

Source: A portion of @roleerob's PolyCub accounting worksheet.

Had it been an option (it wasn't ...), this shows the value of my rewards at the time of harvesting vs. now, at current pricing. With +85% of these potential gains lost, how tempted would you be to "cash out?"

I'd really like to "hear" the thoughts of the LeoFi community.

Respectfully,
Blogger @roleerob
Hive "Dolphin" 🐬, LeoFinance "Whale" 🐋, & Man Cave "Dragon" 🐉

🐝 🍯 🐝

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I dont have nearly the same amount in POLYCUB but I do have some locked up. No point in cashing out now since the price is beaten to a pulp. I am going to hold mine. Once released, might part it in xPOLYCUB, although dropping it into a LP might be appealing also.

Either way, it will remain on Polycub for a while. Get a nice price run and I might have to unload some.

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"Once released, might part it in xPOLYCUB, although dropping it into a LP might be appealing also."

Yes, that is the dilemma I have. Today we are supposedly going to see the launch of this new HIVE-PCUB LP and I would seriously consider putting some in there, but ...

My PCUBs are still in "jail!" 😉

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"No point in cashing out now since the price is beaten to a pulp."

Yeah, the "beating" PCUB took was far greater and faster than what I experienced with CUB. If this is "DeFi 2.0," then ...

But, no, it has been referred to as the "DeFi 1.0" phase ... How about we skip this part? 😏🤷‍♂️

We'll both see, on the next launch, whether this is addressed.

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At this point, I don't really think there is no reason to take the early harvest penalty. It's too bad it hasn't been fixed and I don't know if the code can retroactively roll back the 30 days. I assume they could because they know roughly how much PolyCUB was emitted on the blockchain though.

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Yeah, I am definitely not interested in taking the 50% harvest penalty. If it ever made sense, IMHO, it no longer does ...

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What would you do with 25,000 PolyCub?

I would hodl them. I hodl everything. Too fearful of making the wrong decision so I do nothing. 😂

Seems to work most of the time. 😁

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"I would hodl them."

Yeah, sounds like you and I have similar strategies. I am a long-term investor and HODLing is what comes very naturally. And, overall in crypto, it has worked out pretty well for me also. Just gotta ignore the "dips" ... 🤷‍♂️

Unfortunately, HODLing through the first 60 days of PolyCub has resulted in the single largest loss I have experienced in 4-½ yrs. (in saying that, I am including my total investment in both CUB, from which we got the airdrops, as well as PCUB).

The PCUB price has finally at least started up a little bit. I hope CUB will follow that lead ...

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I would go 50% xPOLYCUB and 50% in LEO. But I think you already have a big position in LEO so not sure if that's the best move for you

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Yeah, I am definitely leaning toward increasing my xPOLYCUB position some. Even if not a long-term play, it is "easy in" and "easy out," unlike getting these rewards out ... 😉

The rest? That is my dilemma of the moment. Getting into this upcoming PHIVE LP is a good possibility.

I am actually slowly but steadily increasing my LEO position, in support of my curation ...

Thanks for providing some input! 🙂👍

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Dear @roleerob, From my point of view, I interpreted it as expressing your dissatisfaction with the current cryptocurrency price drop.😅

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