What's Coming to PolyCUB
Hola everyone!
I was listening to Khal's podcast replay and learned that there are a few updates coming "soon" in PolyCUB.
The governance voting is currently being done manually where xPolyCUB stakeholders will have to send tiny corresponding MATIC amount transactions to vote for the vault they want to have more APR on. Snapshot is taken every week and the new APR changes get reflected on the farms after 24-48 hours.
- With the coming of the governance UI, one would probably just press a button corresponding to the vault one wants to vote. We shall see when it goes live.
vexPolyCUB (Voting Escrow xPolyCUB)
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A way to lock up xPolyCUB for a few years and use it in governance. Locking it up will give you more weight in the voting.
Example: If you stake 1000 xPolyCUB and lock it for two years, your voting power might be times 3 (1000x3 = 3000) compared to having just 1000 Vote Weight when it is not locked up.
<b>Wen vexPolyCUB?</b>
I didn't hear about when it is expected to come out but it might be within the year. I'm guessing some are waiting for the Collateralize Lending to come as well so let's see which amongst them will come first.
Goal for PolyCUB and CUB
It is worthy to note about Khal's vision for both PolyCUB and CUB platforms, and that according to him is "to generate long-term sustainable yields that you can rely on." Simply put, the goal is for PolyCUB and CUB to become reliable platforms with stable cash flow where investors don't have to worry about their stakes.
It's something to look forward to but of course, there is nothing set in stone. The protocols will go through the tests of time and circumstances and we hope that they will weather anything gracefully and will one day, finally become very sustainable and reliable in terms of yield, security and governance too.
As of this writing, the PolyCUB price has gained 16+% in the last 24 hours.
Graph from CMC
That happened I think because the price of PolyCUB rose a bit. It was $0.165 when I first saw it while writing and as I finalize this post, it is now $0.185 so yeah, it also bumped up the liquidity in the pools.
Logo/s, images and screenshots were from PolyCub and CMC. No copyright infringement intended. 280622/11:40ph
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