LeoGlossary: vexPOLYCUB
vexPOLYCUB is the staking of xPOLYCUB in a long term smart contract. The time from release of the program was 730 days (2 years). The unlocking takes place on the same day for everyone, regardless of when entering.
The incentive for staking is to receive increased governance. vexPOLYCUB hodlers have 3x more the voting power than xPOLYCUB in the DAO.
By moving the tokens into the vexPOLYCUB vault, users are showing a greater degree of commitment to the application. This shows the long term focus.
The return is a fixed 20% APR on this vault. However, the ratio that applies to the xPOLYCUB is still being attributed to vexPOLYCUB, providing an even greater return.
This operates on the Polygon blockchain.
Visit the Polycub Website
Posted Using LeoFinance Beta
