Khal and his team are on to making Polycub protocol stronger and better by opening the doors for constructive feedback and of course, the freedom for PolyCUB stakeholders to have their say through governance voting.
Brief Background on xPolycub Governance
The first xPolycub governance was introduced a month ago where we had our say on the proposal to shorten the claim window on the vaults which resulted to bringing the 90-day claim lock period to just 30 days. And I was just happy to exercise my privilege that time and it felt good to have had my say even though I'm just a little cub amongst the lions.
My first governance vote on 22Apr2022
For the second time, the xPOLYCUB Governance is giving us yet again an important chance to have our say on the vault yields dynamics. Each xPolyCUB stakeholders are allowed to cast a maximum of 2 votes on which vaults they want to have higher yield returns. Currently, the yields on the existing vaults are as follows:
My Vote on Yield Dynamics
And so today, following Khal's guide (below), I went on to do my part and voted for my favorite pools regardless of how little my share and the vote weight might be.
Screenshot from Khal's post
My first vote (0.0008MATIC) went to my very first pool in the Polycub Farms which is the pHBD-USDC. This pool has the highest in liquidity amongst the 6 vaults so I am hoping to see the yield percentage increase when this governance voting is over. (Voting ends on 25th May).
My second vote went to pLEO-MATIC pool, hence the 0.0006 MATIC sent to the governance address. No particular reason for this vote but I was considering to join the pool one day.
Personal Thoughts & Feeback
- I love the fact that Polycub is turning on the direction of a true decentralized protocol through the introduction of the governance voting, thereby giving the stakeholders voice on how the platform should go. And of course, putting through the changes based on the decision of the majority (as what we have seen when the first governance on the claim lock period was applied).
- The continuing developments on this platform keeps me excited and have more confidence on the projects. The team behind the protocol (per my readings) are proven builders and I think they are indeed.
- Hoping for the governance UI to get developed sooner (although the current simple voting procedures are okay with me). I understand that developments take time.
Considering that I love Hive and Leo Finance, I truly appreciate Polycub for integrating them two in its projects and making ways for them (and other HE tokens) to get more exposure in the Polygon space.
Finally, if you are staking PolyCUB on the xPolycub pool, consider participating on the voting. You are entitled with a maximum of 2 votes for the liquidity pools you wanted to have more APR. Just send the corresponding amount of MATIC to this governance address: 0x2CAA7b86767969048029c27C1A62612c980eB4b8
- POLYCUB-USDC PID: 0.0004
- POLYCUB-WETH PID: 0.0005
- pLEO-MATIC PID: 0.0006
- pHBD-USDC PID: 0.0008
- pHIVE-POLYCUB PID: 0.0001
- pSPS-POLYCUB PID: 0.00011
So yes, that's my participation in the making of the xPolycub DAO and looking forward to see as things unfold.
Photos and logos are screen captured in Polycub and in Hive/LeoFinance interfaces. No copyright infringement intended. 220522/11:00ph
