So it’s been a very busy week for me, haven’t had time to settle down and have a good read about the POLYCUB launch. I have been reading post about it on Leofinance and by one of the best Leofinance writers on Hive, honestly I have learnt a lot. I read a post about some hiver who decided to throw in lots money, probably considering polycub a retirement plan and I was amazed by his choice. Why will you do that? Is there something about polycub everyone knows that I don’t know?
I decided to go through the kingdom vault on Polycub, now I see the reason everyone is throwing in a lot of bucks into this project. So let’s analyze it this way, first of all, you need to utilize the Cubdefi opportunity to get the polycub airdrop. This is quite one of the easiest money making opportunities I have ever encountered in my life. If you check the cub kingdom vault on cubdefi, you will notice that 61.37% is the APY for staking cub. So investing $1000 gives you $1600+. Yeah, volatility is a clause that might make that figure uncertain, it could be higher or lower. But currently we have noticed that the value if cub has been maintaining that price for quite sometime and with the rate everyone is getting hyped about polycub, what are you expecting the value to be.
So this time, the Leofinance team have decided to do massive PR on the project. Lots of crypto blogs have been scheduled to be used to promote polycub, and you know what that means? Some great amount of people will be opportune and lucky to discover these golden gems(cubdefi & polycub) that we have had for quite some time now.
There is a 60 days snapshot to all cub stakers on cubdefi, great, utilize that, stake that cub to get a 60% APY, stake your polycub airdrop to get more APY. There is a 2,433% APY for staking polycub in polycub defi. Though, I have noticed that after few days, the APY rate drops, no matter how much drop it gets, it’s still considered a worthy investment.
This is just taking advantage of the cubdefi, airdrop and polycub token advantage. Let’s look at taking advantage of the kingdom vault opportunity. Currently the lowest APY rate is at 300% APY and that’s the stablecoin vault. This, I think should be considered one of the best investments.
The only reason I prefer staking rather than providing liquidity is because of impermanent loss. But while staking, I have always been worried about volatility, this is the reason I prefer the stable coin vault. This way the rate at which you experience impermanent loss is way minimal, I think almost close to 1% because these stable coins are meant to be pegged to $1. So volatility is expected to be minimal here, when volatility is minimal or close to zero, the rate of impermanent loss is expected to be very low.
Although with time it’s expected that the APY rate will reduce, but even at that, using stable coins as a liquidity provider for stable coins is a far lesser risk for the rewards. If the APY rate reduces to the range between 20% - 50% its still considerably better than offers you will get on other platforms. Let’s look at Nexo, one of the most popular savings platforms for stable coins, you probably get 10% APR for saving on the platform. Our dear Hive Dollar savings is 12% APR, which is cool, but polycub stablecoin liquidity providing kingdom has my attention right now. This is something I think is worth my money and investment.