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PolyCUB: DeFi 2.0 Yield Optimizer on the Polygon Network



POLYCUB: DeFi 2.0 Yield Optimizer on the Polygon Network
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PolyCUB announces its arrival in a grand style – rolls out a 60-day airdrop campaign.

One of the merits of decentralized finance (DeFi) is yield farming. It entails the locking (lending or staking) of tokens for interest. In other words, yield farming allows you to get more crypto with your crypto. That is, generating rewards with your crypto holdings.

We then see how this concept changes the way some investors view crypto hodling. Look at it this way, why keep your crypto assets idle when you can put them to work? 

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Over the years, liquidity mining has become very popular as many DeFi projects keep emerging. However, yield farmers are always on the look-out for platforms with higher returns.

Well, you don’t have to search anymore because PolyCUB is here.

Introducing PolyCUB: Not Your Average Yield Optimizer

In addition to their portfolio of blockchain-based applications, the LeoFinance team released a revolutionary and uncommon DeFi application, on March 5, 2022.

PolyCUB is a yield optimizer platform that provides a safe and easy way for DeFi users to discover yield and earn on the Polygon Network.

It aims at improving tokenomics and mechanics over existing DeFi yield optimizers. More so, it borrows the essential aspects of 3 major platforms in DeFi: Sushiswap, Adamant Finance and Autofarm.

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The platform is designed to have a self-sustaining, long-term deflationary native token with the ticker, POLYCUB. By design, it has the hyper-deflationary aspects of BTC while retaining all the benefits of DeFi. Interestingly, less than 10,000,000 POLYCUB will ever exist.

Users can earn the native token by participating in any of the Kingdom vaults or by staking xPOLYCUB. The latter allows you to earn the 50% fee penalty generated by other farmers who harvest their yield before the X block locking period.

PCV versus RFV

According to the team, PolyCUB is the most sustainable platform for Yield Optimization. This is possible through its Protocol-Controlled Value (PCV), Risk-Free Value (RFV) and xPOLYCUB Staking mechanisms.

Speaking of PCV, the DeFi project merges Olympus DAO (OHM) with Sushiswap with Curve. This approach establishes a protocol-controlled value strategy that is unmatched in the DeFi sector.

Risk-Free Value takes hold as PCV rises. Note, the higher the total PCV, the higher the RFV for POLYCUB. The integration of this plus deflationary tokenomics shows how POLYCUB is designed to rise in the long-run. Also, we see that the platform does not depend solely on inflation to pay yields like 99.99% of DeFi platforms we have.

xPolyCUB Staking

How is PolyCUB Sustainable?

As always, sustainability is what makes the difference. Here’s how the platform plans to be durable and sustainable:

xPOLYCUB Staking: By holding POLYCUB, especially staked as xPOLYCUB on the  staking page, you get to earn from both the POLYCUB rewards pool and the xPOLYCUB contract.

The xPOLYCUB staking pool earns fees from across the entire platform. It does this through early harvesting penalties. Users who stake assets in the Kingdoms are allowed to harvest their POLYCUB earnings whenever they wish. IF they harvest those earnings before the X Block Unlock Period, then 50% of the harvested earnings will be penalized and sent to all xPOLYCUB stakers.

Combining this mechanism with Protocol Owned Liquidity and a limited supply of POLYCUB tokens creates exponential tokenomics for POLYCUB. Meanwhile, the long-term goal of the project is to be the one-stop shop for Polygon-based DeFi.

PolyCUB Kingdoms: These are vault mechanisms built using inspiration from yield optimizers like Autofarm. Kingdoms are cross-platform yield farming vaults. It allows users to earn two forms of yield. That is, it allows you to earn from both the base APY and POLYCUB APY.

In essence, users provide Liquidity Pool assets on platforms like Sushiswap or Curve. Then, they can stake those LP tokens into Kingdoms to earn.

PolyCUB Kingdoms

Bonding and Protocol Owned Liquidity (PoL): There is a treasury that holds assets it earns from polycub bonding and Kingdoms.

These two mechanics drive liquidity into the protocol owned liquidity (PoL) treasury. The treasury stakes these assets to earn yield and autocompound itself.

When inflation on POLYCUB ends in a few months, the PoL treasury will begin paying yield to all Liquidity Providers on the platform by purchasing POLYCUBs on the open market and distributing those POLYCUBs as APY.

Key Takeaways

  • PolyCUB forked the xSUSHI staking contract and added it to the platform mechanics.
  • In addition to the yield generated by base platforms (i.e. Quickswap, Sushiswap, etc.) PolyCUB Kingdoms also pay yield in the form of POLYCUB tokens.
  • Farmers earn auto compounding yield from platforms like Quickswap and Sushiswap. They are autonomously added to their deposited balance and can be withdrawn at any time.
  • Farmers can claim their native token harvests at any time, but if they claim it before the 90-day unlocking period then, 50% of their harvest is returned to the xPOLYCUB contract.
  • Note, the farmer who claims their POLYCUB harvest early (before the 90-day unlocking period) receives only 50% yield. While the other 50% is returned to the xPOLYCUB staking contract and can be claimed by users who stake POLYCUB into xPOLYCUB
  • The DeFi platform is an extension project of LeoFinance.
  • PolyCUB airdrop still ongoing. Join here

About LeoFinance

LeoFinance and PolyCUB

LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH, and Polygon blockchains. Our flagship application: allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

Do what you please with this information as it is not financial advice!

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