Yes, more or less you got it right , 
We are still very very early in this project, definetelly still in the Defi-1 phase.
Yearly MAY may bring first significant changes, once the 60 AIRDROP period is over. Dont forget that every day there are 16667 new pCUB tokens entering the market from the AIRDROP alone.
Reall fun will start in later summer 2022
RE: Why I Am Not Worried About The USD Price Of POLYCUB