xPolyCUB - Rolling Governance

PolyCUB is the newest addition to the CUB Defi family. Polygon CUB extends the ecosystem from Binance Smart Chain to Polygon.

Governance

xPolyCUB is now a governance token, which will control future decisions about the PolyCUB ecosystem.

The second governance action is a perpetual vote and will scale cast votes with respective xPC balances once a week and adjust incentive multipliers once a week.
Every wallet can cast two votes. Only the last two votes will be counted.

Dynamics of Staked PolyCUB

Growth of staked PolyCUB:

Growth of xPolyCUB:

Ratio of staked PolyCUB to xPolyCUB:

Stake distribution on the 5th of June:

As of June 5th, total PolyCUB supply is 6'195'700. Of those, 68% is staked in the xPolyCUB vault.

Price of PolyCUB over time:

Stake Distribution

Account classification

Whale = Accounts holding > 1% of total supply.
Investor = Accounts holding between 0.1% to 1% of total supply.
Retail = Accounts below 0.1% of total supply.

Whale Domination describes the share of tokens whales hold.

A few tokens for comparison:

Token	Domination [%]
ETH	14
HIVE	40
DOGE	45
BTC	63

Distribution as of June 5th:

Whale Domination %	Investor %	Retail %
66.53	26.44	7.04

Whale domination has been slowly melting off from 76%.

Stake percentage held by account type over time:

Out of a total of 544 xPolyCUB addresses, there are:

# Whales > 1900 xPC	# Investors	# Retail < 190 xPC
18	83	444

Number of wallets holding Koin sorted by whale, investor and retail:

xPolyCUB distribution across accounts:

Max	Mean	3rd Quartile	Median	1st Quartile
44444.00	5952.20	107.30	21.21	3.98

The extremely large difference between mean and median balance shows a strong concentration of assets in the top quartile. Although still very lopsided, the distribution is slowly improving, which can be observed by the Herfindahl–Hirschman Index (HHI):

HHI is a measure of industry concentration or competitiveness. Increases in the Herfindahl index indicate a decrease in competition. The scale ranges from 0 (highly competitive) to 1 (monopoly). In practice, a value over 0.25 already signifies high concentration.