The launch of Polycub has been the biggest buzz on Hive in the past few weeks but not many crypto newbies understand why this event has alot of attention or why most of us sold a body part just to get involved. It all seems like one of those complicated geek stuffs but actually it isn't except the areas that actually involves the developers . It is essential that newbies truly understand what this is all about and not just follow the crowd just to make a couple bucks.
DeFi
Decentralized Finance aka DeFi projects are just another aspect of crypto that is decentralised. It is based on Proof of Stake that gives investors the ability to make some cool profit when they buy and stake a particular crypto. Its broader than that but that's the major financial service they offer. They've been around for quite a while now and are even available on almost every exchange in form of yield farming/ mining.
Income Generation
These projects are known to have a high yield or return on investment which are great for investors but also needs to be well researched like every other crypto investment to avoid fraud and being scammed. Staking and Yield Farming are the most popular aspects of DeFi projects where investors simply stake/ put in their cryptos (just like saving in a bank) and then get some interests for doing so. In summary, DeFi generate wealth by not only allowing users increase their holdings via staking but also allow them compound their wealth.
Cub And PolyCub
Cub was the biggest Defi project I knew thanks to Hive and Leofinance and it has proven to be an invest worth my every dime especially with the recent Polycub launch and airdrop. Polycub however is the next big thing as it an inter-blockchain project and is similar to Cub but special in its own special and unique ways.
Polycub unlike so many DeFi projects our there is the safest I know because of the past works of the team involved. We've seen their works and they're key members of the Hive blockchain. So investors should be rest assured that this isn't a scam and there won't be a rug pull. Polycub is also one of the most enticing assets out there and one to hold for a long time. Looking at the documents and posts from the team, I believe there are some good news in the future for all Cub and Polycub holders and I can't wait to see what the future holds.
We may find some hitches as we ride along especially when it comes to the price, but it's always best to stick to the project if you believe in it and don't be discouraged by the price. Polycub would pay off some day more than we can imagine.