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Another Building Block: pSPS Liquidity Pool Goes Live

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@taskmaster4450le
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Another brick in the wall.

The key to long-term success is building. It is something we see coming from the Leofinance team regarding Polycub.

Today, we get the announcement of another liquidity pool going live on that platform. The pSPS-POLYCUB pool is now live according to the post put up by the team.

We now see one of the main Splinterland tokens live on Polycub. It is also paired with the native token, providing another use case for POLYCUB. This is the second liquidity pool added in the last few weeks after the addition of pHIVE-POLYCUB.

All of this is part of the foundation that is being established on Polycub. Over time, the features being added will all be used to leverage against each other. With Bonding and Lending still on the horizon, people are going to be able to utilize the value they have on the platform for even larger gains.

This is a good thing for all involved.

Scarcity Of POLYCUB

One of the initial premises of the Polycub platform is a disinflationary token. POLYCUB has a regular halving schedule which reduces the emissions. Each month, we see a 50% reduction in the amount of POLYCUB release each block.

The present emission rate is .5. In another few weeks, it will drop down to .25 POLYCUB per block.

As we can see, the amount of POLYCUB hitting the market is going down. This is occurring at a time when more liquidity pools are being added to Polycub with the native token as the pair. The last couple additions show what the plan is.

By having more use cases for POLYCUB, it can enhance the demand for the token. We are still seeing more placed in the xPOLYCUB pool which also is serving to "lock it up".

In the end, all efforts are being made to create scarcity of the token. If we could see another couple hundred thousand dollars finding its way into the pSPS-POLYCUB liquidity pool, that will pull a good chunk more off the market.

Building

This is the default setting for the Leofinance team. Too many people look at token price as a means of valuing a project.

Perhaps it is best to remember this:

We also need to keep in mind that Polycub is about 2.5 months old. We have not even reached the 90 day market since this project went live.

For this reason, watching the expansion in terms of the development is where my focus remains. The market will do what it does. I counter this by purchasing POLYCUB and staking it (not financial advice). So, to me, the xPOLYCUB is on sale.

One thing we know about the Leofinance community is they keep building. This includes their stake in different things. Many have the HODLer mindset. For this reason it is reasonable to expect, over time, that people will be feeding more into the different pools. The platform will grow simply because this is how Leos are wired.

This is a marathon, not a sprint.

What Will It Take To Break Out

With each passing day, Polycub gets stronger. It might not seem like it but new features are being rolled out. This provides more opportunities for the community.

It is always nice to draw in a lot of money in a short period of time. However, we saw so many projects over the past couple years pulling money in only to decline equally as fast.

Polycub is designed to keep moving forward. The emission rate will be almost non-existent by the last quarter of the year. Once this happens, then all buying by the PoL will have to be from the existing float.

For the moment, we are still waiting for the features that can expand the Treasury. Bonding is one of the biggest factors in this. People will be able to bond their holdings in some of the LPs in exchange for POLYCUB. This short-term deal will place that holding in the Treasury with the bonder being able to recoup the money, along with some interest. Of course, he or she could go right back into the same LP again.

In the end, this starts to grow the Treasury more. We have permanent liquidity when the Treasury owns it since there is no reason to take it out. At present, we are seeing things helped along by the fees that are being generated via the bridges. Opening up the pSPS pool adds another bridge to help generate revenues.

Business building is not sexy, easy, not quick. This is what the industry needs. For half a decade, we saw a lot of fluff as well as get rich quick stuff. That is not how things work, especially in the tech world.

We are at the point where the path of drudgery continues. More features are being rolled out on Polycub and users will keep adding. Slowly, it all will keep adding up.

Imagine where we will be when Polycub is 150 days old.


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