Polycub Looking To Drive Value

2 mo
LeoFinance
3 Min Read
626 words

What do you like most about Polycub?

There are a lot of things to like about it. In listening to the most recent Leofinance AMA, Khal mentioned something that is extremely important. It is something that is rather simple yet seems overlooked in the "Get Rich Yesterday" mindset of cryptocurrency.

Repeatedly he discussed the vision of driving value to the platform. This is crucial.

How often did we bring up the idea of applying normal business building strategies? The default approach to projects in cryptocurrency is simply to monkey around with the tokenomics. This sadly does not work.

As one person mentioned in the comment section to one of my posts, what if you burned the token all the way down to 1? If there is no value on the platform, even the one token is worth nothing.

Leofinance is looking to spread this across the entire ecosystem.

vexPOLYCUB

This is an idea that is being toyed with. Basically, this is following a bit of what we discussed repeatedly about HBD and time vaults on-chain. The idea is to have people locking up their tokens for a period of time. In return, they receive an added incentive.

For vexPOLYCUB, the idea is to get additional for each xPOLYCUB moved over. This means that when voting on the distribution of yield on the platform, those who vex will have a larger say.

Also mentioned is the idea of generating a steady cash flow via the Polycub platform. Perhaps vexPOLYCUB could pay out a guaranteed 10% APR.

Obviously this is something that is being discussed and ideas are being played with. Nevertheless, it does consider the idea of how to enhance the value of the platform. Instead of looking for quick hits, build something that is sustainable. As people generate steady returns, they are more likely to reinvest.

This is how the numbers can get rather large over time.

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Making POLYCUB Scarce

Sometimes it is difficult to see the forest through the trees. The main premise of having a disinfaltionary token in POLYCUB was there from the start. What was altered was the Protocol (Treasury) generation mechanism. This was enhanced to drive more money which, when the buying start, will help to scoop up POLYCUB off the open market.

Here is where yield is driven to the different aspects of the platform.

As we have seen, there are liquidity pools being added. From now on, it appears all new pools will be paired with POLYCUB. This is what took place with pSPS along with pHIVE. Both are paired with POLYCUB meaning that anyone who is entering those pools will have to get their hands on POLYCUB.

This also adds buy pressure.

So let us look at the potential here:

  • POLYCUB locked up for an extended period of time through vexPOLYCUB
  • POLYCUB required to fill the liquidity pools
  • Halving each month of new POLYCUB; going to .25 per block
  • Protocol (Treasury) buying POLYCUB on open market to pay out. This comes from monies generated through bridges, arbitrage bot, and the LP holdings by the Treasury itself.

Do you see where this is going?

The entire idea behind "DeFi 2.0" is to have a disinflationary token coupled with the Protocol to acquire assets which will enable it to provide buy demand. By adding different layers enables us to see a scarcity with POLYCUB since there are so many options. Bringing the "Investor's Dilemma" to Polycub is ideal.

It is good to see a project focus upon basic business building practices. This will pay off in the long run.


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Looking forward to seeing it continue to grow. TBF, I'm also looking forward to seeing the changes added to CUB as well.

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Whatever is on Polycub is going to be on Cub. This is the development platform.

After that, it is just adapting the code slightly for BSC and then it can all be upgraded at once.

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Yep. We have actually already begun adaptations as we build. The vertical nature of this means that it’s super easy to just port things right over

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You are going to like my next post. I modeled something that I think will work.

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The fun part is our vertical stack of development. One thing works over on Polygon and can easily be ported to BSC

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Developments go on and on which I think will make PolyCUB a force to reckon with in DeFi :) It going for sustainability beyond anything else says a lot. The vexPolyCUB sounds an interesting idea.

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It is interesting. I have another idea on top of that.

I will be writing a post about it tonight.

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Look forward to reading it. I've just finished watching the replay a while back. Some really interesting things there.

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I didnt get through the entire replay but a fair portion of it.

What stood out to you?

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I finished the whole of it.
The vexPolycub and the collateralized lending sounds great to me.

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Yes it is very interesting.

Now picture another layer between vexPOLYCUB and the lending.

That is what I will write about.

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Would be great to read your thoughts on them.

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This was the first podcast where I dug into the details of amplified treasury yield.

Most people don’t realize that through the combination of:

  1. Large PoL
  2. Synthetic assets
  3. Collateralized lending

… we could see the treasury earning ridiculous % ROC (return on capital). For example, the treasury holding $1M could actually be more like the treasury deploying $2M in capital due to being able to lend assets + borrow assets via synthetics

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I guess most of us don't realize that until you mentioned them on the podcast :) The collateralized lending got me quite excited to be honest

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Curious to see it, got a link?

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The goal is to build the most sustainable platform in DeFI.

Our mission with PolyCUB is to create a platform for sustainable, reliable and secure income generation for all LeoFinance users and beyond

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That's a great goal and mission and we support it. It would be great to see it prosper.

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More defi are coming day by day.. I never knew something like vex polycub exist also

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It doesnt exist. It is being worked on according to the AMA.

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Ok then..I thought it exist

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Yep, super easy development though. We’ve deployed similar vaults for team stakes (time lock vaults) and just need to adapt the governance contract.

Could be VerySoon

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I'm about to get involved a little more with this beautful opportunity. Have some Hive and Leo being put aside to engage. Lets see this to the moon!

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The LPs are paying out fairly decently.

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The goal is to keep the yield up in the long run

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2 mo (edited)

Still trying to wrap my brain around all this! Hoping my jumping in will pay off in the long-term big time. Learning and hopefully earning as we go! I mean grow!!! Lol Go Hive!!

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A lot to learn but it is on the right path. We are seeing a great deal more options starting to arise with Polycub.

This will really help things going forward with the platform.

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Yes, the lending will be really interesting to see unfolding looking ahead. Many things to come! Very exciting.

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The lending will allow one to take the value in xPOLYCUB (and other aspects of the platform) and leverage it for larger gains.

This will increases people's APR is they can do it right.

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Lending is a real game-changer. Adding radical new utility to being an xPOLYCUB holder

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I am still a bit confused about how the treasury for PolyCUB works and I only learned that it does do arbitrage recently. I know it uses the fees that are generated but I wonder if that by itself is enough.

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The Treasury is what is going to be paying the return. For this reason it accumulates revenue via many different mechanisms. One is going to be acquiring assets within the different LP via bonding.

Others are:

  • bridge fees
  • arbitrage profits
  • HBD in savings

This is then used to buy POLYCUB for distribution. It is the replacement for the inflation.

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“ The Treasury is what is going to be paying the return. For this reason it accumulates revenue via many different mechanisms. One is going to be acquiring assets within the different LP via bonding.

Others are:

bridge fees
arbitrage profits
HBD in savings”

This is exactly right. As we talked about in the podcast too - the treasury is able to generate very high rates of ROC because of its ability to mint synthetics, loan capital and take loans against its own capital. Leverage - applied safely and in the right amounts - is extremely powerful. The % of leverage the PoL can take will also be subject to governance votes which we haven’t yet talked about publicly

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Love the long term envisioning of what PolyCUB could bring. One question that keeps popping up in my mind though is that the pcub tokens to be bought back and burnt, should they be burnt or be redistributed?

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What do you mean being burnt?

POLYCUB isnt being burnt to my knowledge.

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I’m referring to the one that will be bought through the protocol owned liquidity

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Oh. That is not burned. That is passed along to the different aspects of the platform as the APR.

As inflation decreases, there is less available to reward the LP providers.

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CUB will run on the burn model and I think that will give us an interesting contrast: almost like a parallel experiment with both having similar features to see which actually generates the most value in the long-run:

  • Burning the native asset (CUB)
  • Buying and redistribution of the native asset (POLYCUB) with low supply dynamics

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Nope nothing is burnt on POLYCUB. It’s about having a low supply token with low inflation + buyback distribution via the Protocol Liquidity’s ability to generate high levels of ROC

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Are we there yet? 0.25 PC per block?

Also, where can we see some or all of the value generated by the protocol? I mean if these are on-chain or not?

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The front page still says .5.

We have to keep in mind the halving is based upon blocks, not necessarily time. If Polygon goes down or the nodes stop that will delay it. Might be coming up in a week.

Also, where can we see some or all of the value generated by the protocol?

Not in one place. Have to look in the different accounts at the moment. I think there is going to be a front end to view all that.

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Yeah blocks have been running long on Polygon. I believe we are still about a week away

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I love the way you put this, "sometimes it's difficultto see the forest through the trees."
PolyCUB is a forest that entails growth inevitably, vexpolycub is truly one I've not heard since I didn't watch the AMA in recent times.

Nice to see another development that would bring more credibility to PolyCUB.

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Sometimes we have to start at the foundation and take things piecemeal. If not we are apt to miss what is taking place.

Many simply look at token price as validation for what is occurring or not.

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The price shouldn't be of concern because it has be noted that PolyCUB is a long term project. You simply don't expect a takeoff then it's already at its destination, time and the value with a that PolyCUB in made if tells where things are going.

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I agree but many do not look at things like that. To them, price is the barometer of the worth of a project.

It is foolishness and why most will not make the big money in crypto. They are too impatient.

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That's why learning needs to be at the forefront of crypto currency, you learn so that you know your stand and don't end of spreading fear and doubt.

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Yes it is. That is why I try to write articles that detail my understanding of some of the deeper things like plumbing of the financial system and how it is being altered.

Having that view allows for the overlooking of the mundane that people often focus upon.

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I hope quite a majority change their approach towards crypto, it would be doing them quite a lot.

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The majority get on board only after it is too late.

Looking at crypto solely through the eyes of market price is a mistake. It clouds the vision of what is happening.

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More for the rest of us!

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The market tends to misprice technology

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” The price shouldn't be of concern because it has be noted that PolyCUB is a long term project”

Most don’t think this way!

But who does? Long-term value generators:

  • Warren buffet / value investors of the world
  • VC investors who buy into companies like Tesla in 2008 and hodl till 2022 and make a killing

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We learn when we don't know and along the line,we take the right turn unless we chose not to.

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“ Many simply look at token price as validation for what is occurring or not.”

Unfortunate but 100% true

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We’re still in the extremely early stages of the platform.

Some have written it off. Others see exactly what we’re building!

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Yes, we are. It's good to have both, I mean the believers and non believers because they all play their part in the journey.

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if that is one more option than receiving interesting rewards, whether they are daily, weekly, monthly or annual. It is a great way to encourage the saving of tokens

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The idea is to provide the value to those who are supporting the system. This is key.

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When people see the setup with vexPOLYCUB and long-term vision of the PoL + Inflationary dynamics, I think their level of bullishness is going to skyrocket.

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