Apart from getting rich overnight, CUB HODLers are in for several big treats that I am going to discuss in this blog. As we all know PolyCUB Airdrop could happen anytime soon. For those living under Dwayne Johnson, PolyCUB is the new native take of Cub Finance's Polygon-based DeFi Platform. After bridging the Hive community with Ethereum and Binance Smart Chain (BSC) we are moving to one of the best Layer-2 Solutions trying to scale Ethereum.
Polygon (MATIC) has been one of my favorite crypto since I aped into it in 2021. This year, they will launch a rollup solution to further scale Ethereum and make it the most promising Web 3 network in the world. @khaleelkazi & the team are moving in the best direction possible! Creating a yield optimizer on Polygon using pathbreaking DeFi 2.0 ideas is the most promising thing they could do for the community. First, we got a BSC GEM and now it's time for a POLYGON GEM. Now the question comes - what are you actually getting with the PolyCUB Airdrop? Seven months of development by LeoFinance team is giving you these perks:
30% Increase In CUB Holdings
As per the team, "At current prices, the #POLYCUB airdrop is going to be about 30% of the value of all your $CUB staked". This means if you own $1000 worth of CUBs, you will get $300 worth of PolyCUB. Am I getting this right? 😋
CUB Incentive Pendulum
Honestly, it went over my head until I read the post from @edicted to get the idea about what it is. Even then it got over my head so I had to read everything multiple times. Ed made some cool points on why this could be a nightmare for Liquidity Providers and why CUB needs more liquidity, not less. As per Khal, the Incentive pendulum mechanism will be used to move liquidity and thus APYs between farms and kingdoms to maintain equilibrium in the system. This is inspired by Thorchains's Pendulum. It will somehow open the door for CUB bonding. We will have to wait for the Leo Finance team to release more info on this topic.
LeoBridge V3
With LeoBrige V3, Leo Finance team is creating a bridge from Hive to Polygon via BSC. As per the roadmap, the future bridge will be direct and two-way to Polygon. I will probably create a graphic for that and explain its utility in a separate post! LeoBridge will be a one-stop tool for seamless cross-chain swaps.
Protocol Owned Liqudity
The liquidity mining of DeFi 1.0 is not sustainable. Rewards reduce over time and LPs move to other projects with higher yields. In 2021, Olympus DAO launched a DeFi 2.0 platform that uses a "Bonding" mechanism in which LPs provide LP Tokens in exchange for their native token OHM at a discounted price. LP tokens are formed with OHM as one of the joining tokens. It allows Olympus to accumulate its own liquidity over time. This makes Olympus its own market and it helps to keep operations going even if there are fewer LPs. I don't know how the CUB bonding mechanism will work. It could be completely different from Olympus!
Leo Infra
LeoFinance has upgraded its servers and thus has the capability to support a larger community ahead of the PolyCUB launch. On the new yield optimizer app is live on Polygon, we might see some more activity and interest from the community and folks coming from outside. Right now the following applications are using these servers:
- LeoFinance.io
- LeoMobile App (IOS and Android)
- CubDeFi.com
- PolyCUB
- Hivestats.io
- LeoDex.io
- LeoInfra (for new signups)
- Lightning (for caching content)
Who's funding this? 😂 Thanks to Khal for doing the hardest job for all of us. 🔥 I am pretty sure a lot of us wouldn't dream of managing so many interconnected modules. Leoverse is spreading out its tentacles far and wide.
Decisions!
Now is the time to make some decisions I might add more CUBs to the CUB Kingdom to get more from the PolyCUB Airdrop. Once PolyCub Launches, I might buy more of it because I love Polygon. Would love to try the new upcoming kingdoms and see how they maximize my yields. As per @whatsup's khalendar updates on Twitter the launch date is very soon â„¢. So what are you guys doing? Comment below!
