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vexPolyCub : The VIP Version Of xPolycub

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It’s been a long time I did a Polycub post, because for sometime I have focused on investing outside the Hive Ecosystem, I have investments on polycub, CUBdefi, but like they said, never put all your eggs in one basket. So I will call this financial stage point of my life, the Diversifying part of my life. There are lots of project in the crypto space it’s hard to keep up with all of them. My head gets really filled up trying to keep up with them. That is why I am about to start investing my time on portfolio trackers. I explored a portfolio tracker yesterday on my Coinstats.app : Simple Tools To Track Your Portfolio post, and I found lots of tokens in my wallet that the tracker was able to reveal but I couldn’t see because I didn’t activate them on my DEX wallet.

Well, this is me deviating a little talking about my lack of keeping track with my portfolios. So back to polycub, one of the reason I have not been bothering myself with POLYCUB is because, I trust the team, I trust my money is in safe hands. I have invested in that section, i decided to focus on other projects. But recently there seems to have been an improvement in the polycub space. One of the most exciting features of polycub is the multi token bridges, this way it has been able to bridge some prominent tokens on the Hive blockchain into the polygon blockchain. People seem to be liking the multi token bridge, because, it’s quite easy to use and conventionnent too. We have tokens like pHive, pHBD, pSPS & pLeo.

The current feature is the vexPolyCub, which was a little bit confusing to me at first. Because what makes vexPolyCub different from xPolyCub. Because the last time I was in the polycub space, xPolycub was what I was used to. Which was a number going up type of token, which means that the value of xpolycub to polycub increases and never goes down. The more and quicker you stake your polycub for xPolycub the more the value of your investment of your xPolycub you will have. It all started with the 1:1 between xPolycub : Polycub. But currently the ratio is 1xPolycub : 23.05 POLYCUB. Which is a great idea because according to the APR and APY stat in the website, you get 65.73% APY and 50.55% APR. Unlocking period was about 30 days, and you get the opportunity to participate in governance voting.

The New Kid In The Block

Now I am seeing a different kind called vexPolyCub which stands for **Voting Escrow xPolycub. Which was scheduled to have a lock period of 2 years which is 730 days. Remember XPolycub is 30 days, but vexPolyCub is 700 days extra. But it comes with its own special feature, this feature is the fact that, you have a better higher voting power during governance. Aside that you have additional 20% APY that you earn which is fixed. I think this should be called the VIP of xPolyCub.

That’s not all, there is a buyback feature for vexPolyCub stakers, the fees generated for wrapping other multi token bridges is used to buy back the vexPolyCub from the market. It’s quite easy, to get a vexPolyCub all you need to do is get some PolyCub, use the polycub to get xPolyCub, then use the xPolyCub to get a vexPolyCub. You get the perks of xPolyCub and more, the only difference is that you are locking it for a longer time. More APR, more value, and 3X Governance power. This is a longer investment decision, because polycub is more than just making money but it’s giving you the perks of being part of it. Consider yourself a long time stake holder in the system.

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