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RE: R.I.P. (Poly)Cub?

avatar of @mistakili
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@mistakili
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1 min read

Most interesting post and comment section I’ve read in a while.

I invested in Polycub because I flowed with the idea of having protocol owned liquidity buy back and burn pcub through funds acquired from wrapping fees, 20% Apr from the staked phbd on hive blockchain, and other arbitraging opportunities, coupled with the deflationary feature of the coin, it seems to make sense in my head.

I’m yet to know if the buybacks have kicked in, I’m waiting for the final reduction in token emission to see what happens next.

In my opinion, Polycub is yet to prove itself before porting the features to CubDefi, technically, it works, but we are yet to fully grasp the impact of the tokenomics on the economy. I wish this was clear before revisiting Cubdefi.

The price of Pcub was low but steady strong after vex Polycub launched, up until Cubdefi started dashing out higher APR’s, Ofcourse they’ll be some impact.

So Am I still invested in Polycub, yes. but certainly not nearly as much as what you lost.
I’m watching.

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