xPolyCUB - vexPolyCUB drawing even more PolyCUB into xPolyCUB

1 mo
LeoFinance
3 Min Read
516 words

PolyCUB is the newest addition to the CUB Defi family. Polygon CUB extends the ecosystem from Binance Smart Chain to Polygon Network.

vexPolyCUB

Newly announced vexPolyCUB is timelocked xPolyCUB that grants more voting weights in DAO votes.
It will be possible to lock xPolyCUB for 2 years and receive a three times higher voting weight in return.

Governance

xPolyCUB functions as a governance token for the PolyCUB ecosystem.

The second governance action is a perpetual vote and will scale cast votes with respective xPC balances once a week and adjust incentive multipliers once a week.
Every wallet can cast two votes. Only the last set of votes will be counted.

Dynamics of Staked PolyCUB

Growth of staked PolyCUB:

220703_stakedPC.png

Growth of xPolyCUB:

220703_xPC.png

Ratio of staked PolyCUB to xPolyCUB:

220703_PCxPc_ratio.png

Stake distribution among the top 50 accounts on the 3rd of July:

220703_xPolyCUB_top50.png

As of July 3rd, total PolyCUB supply is 6'625'252 . Of those, 73% is staked in the xPolyCUB vault:

220703_sPCvtPC_ratio.png

Price of PolyCUB over time:

220703_PCprice.png

Stake Distribution

Account classification

  • Whale = Accounts holding > 1% of total supply.
  • Investor = Accounts holding between 0.1% to 1% of total supply.
  • Retail = Accounts below 0.1% of total supply.

Whale Domination describes the share of tokens whales hold.

A few tokens for comparison:

TokenDomination [%]
ETH14
HIVE40
DOGE45
BTC63

220703_xpoly_dominance.png

Whale Domination %Investor %Retail %
69.2324.406.37

Whale domination has been slowly melting off from 76%.

Stake percentage held by account type over time:

220703_xpoly_wallets_comp.png

Out of a total of 540 xPolyCUB addresses, there are:

220703_xpoly_wallets_bar.png

# Whales > 1900 xPC# Investors# Retail < 190 xPC
1781442

Number of wallets holding Koin sorted by whale, investor and retail:

220703_xpoly_whale_investor_retail.png

xPolyCUB distribution across accounts:

220703_representative_xpoly_wallets.png

MaxMean3rd QuartileMedian1st Quartile
44444.005984.38105.5421.053.78

The extremely large difference between mean and median balance shows a strong concentration of assets in the top quartile. Although still very lopsided, the distribution is slowly improving, which can be observed by the Herfindahl–Hirschman Index (HHI):

220703_xpoly_hhi_line.png

HHI is a measure of industry concentration or competitiveness. Increases in the Herfindahl index indicate a decrease in competition. The scale ranges from 0 (highly competitive) to 1 (monopoly). In practice, a value over 0.25 already signifies high concentration.

Past Governance actions

The first governance action was about shortening the penalty period for claiming incentive tokens from 90 to 30 days.

The second governance action led to new yield multipliers for the vaults


Data source: polygonscan.com


Vote for my witness: @blue-witness

Posted Using LeoFinance Beta


Congratulations @bluerobo! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You have been a buzzy bee and published a post every day of the week.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

Feedback from the July 1st Hive Power Up Day
The 7th edition of the Hive Power Up Month starts today!
Support the HiveBuzz project. Vote for our proposal!
0

Thank you for your witness vote!
Have a !BEER on me!
To Opt-Out of my witness beer program just comment STOP below

0

Hey @bluerobo, here is a little bit of BEER from @isnochys for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.

0

Thank you for your witness vote!
Have a !BEER on me!
To Opt-Out of my witness beer program just comment STOP below

0

Hey @bluerobo, here is a little bit of BEER from @isnochys for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.

0

Thank you for your witness vote!
Have a !BEER on me!
To Opt-Out of my witness beer program just comment STOP below

0

Hey @bluerobo, here is a little bit of BEER from @isnochys for you. Enjoy it!

Do you want to win SOME BEER together with your friends and draw the BEERKING.

0