Leos and Cubbers,
Finally we have some update from the team regarding PolyCub!! Although it's a bit quiet regarding this new update, you can see it from the cat's latest AMA summary:
@scaredycatguide/weekly-wensoon-show-leofinance-ama-10-25-22
In short, PolyCub is having its PIP3 (Adapt) right now! You can actually see the whole story from the team here:
To keep it short, the team intends to change the PolyCub tokenomics from deflationary to a model similar to Cub - fix inflation at 0.0625 PolyCUB Per Block and use the MTB and POL magic that works on Cub to make PolyCub sustainable and de facto deflationary.
As a xPolyCub and vexPolyCub owner, I support the PIP.
The design of PolyCub has been proven not too successful but we can still see the power of diamond paws here. So we should really Adapt soon! Any change any trial is better than current status that seems to lead to nowhere. Besides, this new model works with Cub so there is no reason why it cannot work on PolyCub.
Actually, if I can choose, I would say that PolyCub should be a better choice than Cubdefi to be a Hive DEX as Polygon is more decentralized than BSC and the fees there is definitely cheaper than on BSC. I understand that with current liquidity scale, two platforms might be too many. But I would say that we should at least start building and testing new model for PolyCub... Who knows if Hive ecosystem explodes sooner than we expected? Also, with two EVM DEX, we can reach wider network like @taskmaster4450 said.
So, go to https://polycub.com/governance and vote! Get your opinions out.
Let's make PolyCub great again!!
Vote the first option if you agree with me and the team. 👊👊
By the way, @khaleelkazi, is the fixed 20% APR for vexPolyCub overdue now? Did not see the number change for quite a while...