POLYCUB: MY EXPERIENCE SO FAR

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Last week I got into polycub farm and I want to say it's been exciting trying to come up with the best strategy to optimize my capital. It has not been the easiest of tasks. Most times I found myself confused (PTSD from Cubdefi) because I was trying to process a lot at once.

When is the right time to farm?

What farming pairs should I choose?

should I stake polycub?

I wanted the safest route and the pleo-wmatic farm seemed to be the safest option. Leo has been relatively stable and matic has held around $1.40ish. So it was the best option for me. I decided I will power down 800leo (coupled with my liquid earnings from posting on leofinance) and buy some matic to add to my pleo-wmatic stake for the next 4months. I would be comfortable with a thousand dollars in this pool--that's the goal for me.

The other question for me was when do I start buying polycub. I had to check the price history of cub on BSC, so I can have some form of insight into the sentiment towards the token. From the chart it showed that cub held around $3.5 for a month before the downward trend. So my guess was that polycub would do the same but I was wrong.

Polycub quickly plummeted below a dollar in the first few days. I guess many investors were reacting to previous events (on cubdefi) and trying to make the most out of the high APY. There has been a lot of FuD around the project, however, I have chosen to listen to a more informed perspective on the project to inform my decision making. I think most of the FUDing will end this week and the price of polycub will pick up in the coming days.

Currently, the price of polycub is below a dollar and I feel comfortable buying at this point to stake. I imagine the worst-case scenario polycub mirror cub in terms of price. The high APR should cover any of the losses (if any occurs). It is important to note that polycub and cub have different tokenomics and both tokens are most likely going to perform differently. This is why I think mirroring both tokens can be misleading.

I have spent most of my time reading and learning more about polycub (DeFi 2.0) to better understand the protocol and I feel more confident in exploring it further. Any money I can afford to spare is going into polycub. I will like to get my polycub/xpolycub stake to a thousand dollars. This is what I am willing to risk at this point.

My next update will come up when I achieve my goals. Cheers!


CONTACT AND SUPPORT

Discord: nonsowrites#0031
Twitter: iAM__NONSO
Telegram: nonsowrites@nonsowrites
BSC: 0x88B30Cfe2cC50c84A673E7e0befF6b865D362E01
Bitcoin: bc1qprsj8vk576nev278ymqnxuc67vredaz0wjxymp
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POLYCUB: MY EXPERIENCE SO FAR | Ecency