Have you read PolyCUB Monthly Report? I read it 3 times! In my opinion, it is a well-organized monthly report that has solid numbers, on-chain transaction info, and progress details.
We have always mentioned the importance of having a deflationary token for the De-Fi platforms and sustainable solutions to generate self-fulfilling value for the token. As a result, we have an amazing project: PolyCUB.
On the right chain.
In the right way!
Let's exchange our ideas about the details of the report:
MTB Capital
Obviously, Multi-token Bridge mechanism the fuel of the system. Via several ways, as mentioned in the report, the system feeds itself in a sustainable way.
Having a quarter of the total value locked, MTB is securing the value generation procedure without external support. With the involvement of the long-term investors, the compounding effect becomes visible!
Love it!
Vex-PolyCUB is the key
When we try to oversimplify the process, your long-term money locked in the system creates more value via Protocol-owned Liquidity. While giving your 20% more of what you gave, it also provides extra income for the token buy-back operations.
For each VexPolyCUB, you actually get both extra PolyCUB (the token you already gave to get more) and your bag grows (as the buy-back drains the market). So, you feed your pocket in 2 ways at the same time.
Two birds with one stone 馃槑
Revenue of This Month
First of all, I'm impressed! $11k per month is awesome.
When we dive deeper, the Wrapping Fees and Oracle Staking have generated an incredible amount of revenue within a month.
For the arbitrage revenue, I want to talk about 2 things.
When HBD skyrocketed, the arbitrage between pHBD and HBD helped us make decent gains in a short while. Similarly, the platform yielded a nice return. However, it does not frequently happen. So, the arbitrage rate may not be as high for the next reports.
The advantage of arbitrage is that it will always be a good source of revenue as the volatility in the market will push people bridge their tokens from Hive to Polygon and the system will generate value from both arbitrage and fees!
A Dilemma has Ended!
Many people thought that PolyCUB will never be in the circulation when the deflationary system results in scarce PolyCUB in the market. However, though duration is long like 699 days for vex-staking, the token exists as before until it is unlocked.
The report clarifies this dilemma neatly. If someone need PolyCUB when the token is extremely scarce, s/he will either provide liquidity to get the rewards or buy it from market from a couple of bucks 馃槈
Best Way to Ape into PolyCUB
Obviously, increasing your Vex-PolyCUB share!
Vex-staking brings you 3x governance voting power. With that power, vote on the Farm / Kingdom that you have more liquidity locked.
Higher Governance Power -> Higher APR for your investment -> More PolyCUB token received -> VexPolyCUB for Higher Governance Power 馃敟
Note: Better to involve Yield Governance and PIPs to generate more value for your bag 馃
What do you think about the PolyCUB Monthly Report?