Calculating Net Gains of PolyCUB Investment - Week 9 ๐ฐ
PolyCUB platform on Polygon Network has been serving as a unique V2 De-Fi experience for several weeks. The initial weeks of PolyCUB investment were extremely volatile and the emission rates were relatively high similar to the majority of existing De-Fi 1.0 platforms.
As the emission rates decreased, the price settled down and the APR rates reached sustainable levels. As of writing, the emission rate is reduced to 0.5 per block from 1 per block. The deflationary nature of PolyCUB turns into a scarce token that will be needed a lot when Bonding and Collaterals are deployed.
So far we own pHBD stablecoin pool; the pHive / PolyCUB pool and pSPS pool are upcoming in addition to bonding and collaterals. Meanwhile, our goal is to grow our PolyCUB bag as much as possible. Thus, we are experimenting with re-investment strategy from the very first minute of the platform ๐ฆ
Let's check the results of our investment.
The Performance of Last Week - Week 8
The results of week 8 were not quite positive for most of us. The net gains from pools, harvest, and xPolyCUB staking yielded above -$200 result while the token was traded @ pCUB= $0.14
Additionally, it is the first time that we harvested tokens but we did not claim them by paying a penalty. This week we received 32 PolyCUB ($4.5) besides the compounding xPolyCUB staking.
In total: -$305 from Farms +$127 from xPolyCUb +$4.5 from Liquid pCUB =-$203,5 in sum.
PolyCUB Gains Value
According to the chart, the PolyCUB token has increased by $0.12 from the bottom level before the halving takes place ๐ Smart money โ
The Performance of PolyCUB Pools - Week 9
Each week the pools yield nearly the same results in terms of the difference between the initial capital provided and the total market value as of today.
For a long while, as long as the bear market keeps going, we may always see these letters and numbers as red. However, one day they will be green permanently. Waiting for Q4 of 2022.
Similar to previous weeks, we see around 70-73% net loss in the total gains excluding the harvests. On the other hand, liquidity pool gains are around -46% according to the data.
XpolyCUB Staking - Compounding Harvests
This week we own 918 POLYCUB tokens ($211) that increased from 885 tokens last week.
In addition, there are 59 PolyCUB tokens ($13.7) waiting for unlocking.
In total: -$247 from USDC Farm -$39 from WETH Farm +$211 from xPolyCUB Staking +$13.7 from locked PolyCUB
= -$61.3 Net Gains for the ninth week of investment.
Hive Savings (20% APR) vs pHBD/USDC (45% APR)
The initial investment of $137 stablecoin on pHBD/USDC farm yielded 12.2 PolyCUB ($2.82) in the second week of our experiment.
The tokens earned from harvests will be staked on xPolyCUB when the tokens are unlocked (like we do in the first experiment). Basically, we will be able to compare the performance of $137 HBD in Hive savings vs pHBD pool ๐ฅ
TL;DR
PolyCUB token gained $0.12 value within a week and the results of farms on the PolyCUB platform reflected the recent price action positively.
Last week the return of our investment in PolyCUB pools made more than -$200 net gains for our initial capital. However, this week (@ pCUB= $0.23) the return of our investment is only -$61 though we are still at the bottom levels. You can foresee what would happen when PolyCUB is traded at $2 ๐
Our second experiment, pHBD vs Hive Savings, showed that $137 of pHBD / USDC pool yielded 12.2 PolyCUB (which is great IMHO) in 2 weeks. When the tokens are unlocked, they will be staked on xPolyCUB to compare the re-investment strategy for Hive Savings and PolyCUB bags ๐ฆ
Posted Using LeoFinance Beta
