After a long ride looking at different options for the projects to thrive we are now deciding the destiny of CUB and PolyCUB.
In this clip:
- The vision for CUB and PolyCUB has changed since the flourishing of DeFi when both projects were born
- The different attempts to make these projects sustainable on their own weren’t successful, so we have to find the best way to move on
- CUB and PolyCUB will be assimilated into LEO
- The decision on how this happens was made using a stake-weighted poll
- The change will be made through burning CUB and getting LEO on a dollar-for-dollar basis
Over time, the vision for CUB and PolyCUB has evolved. Despite numerous attempts to ensure their independent sustainability, we've encountered challenges, and that goal was not reached.
In a strategic move, we've decided to assimilate CUB and PolyCUB into LEO, marking a significant shift in our ecosystem. Our team's primary focus is now on refining Inleo, our flagship user interface, to deliver the best possible experience. We're dedicated to making Inleo versatile, user-friendly, and packed with cutting-edge tools and resources.
The decision-making process behind these changes was transparent and inclusive, relying on a stake-weighted poll to ensure community input and feedback. Additionally, the creation of Leo tokens will be sourced from untapped funds, including the team's fund, to facilitate a fair and equitable transition.
As part of this transition, CUB tokens will be burnt, and LEO tokens will be distributed on a dollar to dollar basis to the users who perform the burning. We want to bring the CUB and PolyCUB supply to zero, but we know it’s not likely all the supply will be burned during this event.
The decision was the first step, now we have a whole journey to proceed with the transition in the best way possible, stay tune to know more about this process.
Also check the following articles:
First stake weighted poll and Results, the future of DeFi on Inleo