Understanding "Harvest" & "Claim" in Polycub

4 mo (edited)
LeoFinance
2 Min Read
408 words

pCUB1aa.jpg


Earlier today, I was exploring the Leo Finance front page when Khal's post caught my eye and without even opening the article, I know immediately that I have been thinking wrong all along. The words "Harvesting" and "Claim" on the title "PolyCUB Harvesting: How to Claim!" gave out what I have missed to understand prior to today which was of course confirmed when I watched the video.

Screenshot_225.jpg


How I initially understood the 30-day time lock:

  • that I can only harvest/claim after 30 days if I didn't want my farming rewards to have a 50% penalty.

And that is absolutely wrong.


The reality is, we can actually HARVEST our farming rewards everyday or as often as we want and those harvests go to the "Locked Polycub" vault where it starts to count down the 30-day period before it goes to the "Unlocked Polycub" vault where we can then claim without a penalty.

Obviously, if the rewards are small, it doesn't make sense to harvest them often considering there are fees associated (although in Polygon network, the fees are negligible but can be something when accumulated).

I can't help but laugh at myself for being so noob, but that's the fun part of learning. I was used to "harvesting/claiming" being the same in my previous LP/farming experiences because none have any time lock on them. So when I harvest (or claim), the rewards go to my wallet soon as the transaction gets confirmed. That obviously doesn't apply in Polycub and I'm just grateful to have learnt that "new" thing today.

To experience how it is done, here's my Polycub dashboard (currently, I only have a share on the pHBD-USDC pool and I started days ago.)

Screenshot_223a.jpg


So I claimed HARVESTED 3.953pCUB and it went to the "Locked" vault where it will count 30 days before it goes to the "Unlocked pCUB" vault where I can then CLAIM without any penalty. Or if I don't want to wait for the 30 days, I can CLAIM it now by pushing that "Claim Locked" button but I will only receive about 1.98pCUB because of the 50% penalty.

Screenshot_224.jpg


And so this has been a new learning experience for me today. I hope none of you had the same (mis)understanding as I did.

image.png


Photos are screencaptured from Polycub and No copyright infringement intended. 200522/11:50ph

Posted Using LeoFinance Beta


!LUV

0

Thank you !LADY :) Happy Friday to you!

Posted Using LeoFinance Beta

0

View or trade LOH tokens.


@ifarmgirl, you successfully shared 0.1000 LOH with @petra67 and you earned 0.1000 LOH as tips. (3/7 calls)

Use !LADY command to share LOH! More details available in this post.

0

Gonna share again for future reference, sis! Hehe!

0

Salamuch sis !LADY :) It's Friday, yay!

Posted Using LeoFinance Beta

0

View or trade LOH tokens.


@ifarmgirl, you successfully shared 0.1000 LOH with @bloghound and you earned 0.1000 LOH as tips. (4/7 calls)

Use !LADY command to share LOH! More details available in this post.

0

Always welcome, sis! Have a great and profitable Friday!!! Xoxo

0

Cheers sis :) Friday is good, just too wet, raining much lately hehe.

0

It's been a while since I last checked on my cubs and pcubs. Have to sprint all the way there and check if there's a worthwhile harvest. :D

Thanks for this!

0

I'm pretty sure there would be numbers waiting :)
You're very welcome !LADY :)

Posted Using LeoFinance Beta

0

View or trade LOH tokens.


@ifarmgirl, you successfully shared 0.1000 LOH with @arrliinn and you earned 0.1000 LOH as tips. (5/7 calls)

Use !LADY command to share LOH! More details available in this post.

0

Sakn hndi makita ilang na rewards 😅..bast may nkastake sa xpolycub lol..

0
4 mo (edited)

D ko rin alam kung ilan na don sa xPolyCUB sis hehe

Posted Using LeoFinance Beta

0

Yay! 🤗
Your content has been boosted with Ecency Points, by @ifarmgirl.
Use Ecency daily to boost your growth on platform!

Support Ecency
Vote for new Proposal
Delegate HP and earn more

0

Wow, you are good at this)
my respect. You need to be able to calculate everything correctly and know where to start)
I have now begun to delve into the harvest that "was" in my country. Our country is Ukraine, which has very fertile lands. We are harvesting a lot. But after the start of the war, the Russians began to steal our crops from the occupied territories.
And it is also unlikely that we will be able to sow all the fields.
The Russians take out our grain in their cars. and planting a new one is dangerous. but our farmers are trying to sow the fields with grain. Although there were cases when tractor drivers were blown up by mines left by the Russian invaders.
This grain harvest, if we manage to harvest it, will be the bloodiest because of Russia.
But if we fail to stock up on grain, then there will be a famine in Ukraine. as it was already in 1932-1933.
other countries will also suffer, as they bought grain from us earlier (
We hope to avoid famine.
Our farmers are good fellows, they are at their own peril and risk, risking their lives, trying to sow fields of wheat, barley our Ukrainian fields in order to avoid famine, and so that other countries do not suffer due to lack of grain.
Best wishes from Ukraine!

0

Thank you for your kind words. I actually didn't know it and just learned about it this morning.

I am very sorry to hear about what's happening in your country and it's saddening that the Russia is still not stopping. It's terrible what they are doing, instigating war and then stealing your farmers' produce and goods. I hope and pray that the war stops really soon... Please stay safe.

Posted Using LeoFinance Beta

0

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

You got more than 6500 replies.
Your next target is to reach 6750 replies.

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:

Hive Power Up Month - Feedback from May - Day 15
0

Hi sis! I watched the video earlier. And I also didn't know about harvest and claim as different things, hehe. I haven't done much in Polycub other than put them in stake, I did it a few weeks ago but I don't see that I can harvest anything. Do you have xPolycub, how does this work? Maybe I'm asking a stupid question, ;)

Posted Using LeoFinance Beta

0
4 mo (edited)

That makes the two of us, lol!

The xPolycub is a single staking pool. If you have PolyCUB and you staked it there (on xPoly), you don't have to do any harvesting. Your stake will continue to mint xpolycub which you won't know how much until you exit the pool and sell hehe. That's as far as I understood it anyway :)

And no, it's not a stupid question sis hehehe.

Posted Using LeoFinance Beta

0

Ah! ok, hehe. So it is a Poly mysterious stake until I decide to leave 😂

Thank you, sis! Good morning to you😄☀️

Posted Using LeoFinance Beta

0

Haha yes :) Hope it surprises us greatly when we do leave the pool. Thank you sis and have a wonderful evening :)

Posted Using LeoFinance Beta

0

Let's hope so sis. Cheers 🥂 for a good surprise in our stake pools ;) 😄😊

Posted Using LeoFinance Beta

0

Yes sis, hoping for that. Cheers sis and I hope you are feeling better today :)

Posted Using LeoFinance Beta

0

Hi sis! Thank you. I don't feel bad except for a nagging and persistent cough.
Have a lovely Sunday when you wake up 😊🤗

Posted Using LeoFinance Beta

0

Oh, persistent cough can be tiring. Take care and hope your cough will be gone very soon...

Posted Using LeoFinance Beta

0

Thank you, sis 🤗

0

very useful. thanks for sharing.

0

Thanks :) Pleasure is mine. Just funny how I understood it the wrong way, lol!

Posted Using LeoFinance Beta

0