The xPolyCub governance vote saw an increasing success during the period which it lasted on the polycub platform. The vote of confidence was on the duration of staking period on the platform, actually users placed their tokens where their mouth is and as the end of the session, the thirty day duration period was approved.
So for some of the new lions who might haven entered the crypto ecosystem and would be probably be reading this article, let me throw some light to what governance token is all about. In a decentralized system such as crypto eco system when it comes to decision making this is made by users of the ecosystem, the governance token is issued to users and this totally represent their stakes in the system.
This is also the act of distributing the control of the blockchain projects amongst their community, which basically aims at avoid placing authority solely into the hands of the stakeholders.
Hence, the Xpolycub governance token which basically provides anyone holding the xPolyCub be able to vote on the yield platform. The launch of the first ever governance vote which brought the reduction of the claim window from 90days to 30days was successful due to the governance vote. From the recently just concluded ask me anything AMA, for those of us in attendance we were informed that the development hasn’t released the full version of the xPolyCub DAO but from the data that was gathered from the vote, they think it’s a set time to actually release the full version.
Throughout the session, they were making references to Curve wars, which I had to do a little research and I simply found out is a fight for liquidity, and the team intends to make this a fight for PolyCub which will increase its utility of the PolyCub token.