xPolycub Governance Creates Competitive Atmosphere to Choose Between 20% APR (HBD) and 40% APR (pHBD-USDC) Through Voting, You Want to Know How it Works, Read This!

There'll be a mass movement in saving HBD because of the 20% APR interest rate approved by the Hive Witness last weekend. The announcement of 20% APR saw great sign relieve on the faces of hiveians who have been clamoring that the interest on HBD be changed from 12% to 20% APR.

Now that this has taken shape, more people would want to buy and hodl HBD in their savings, but this is faced with one big challenge, which is an individual cannot buy as much HBD as the person want because of lack of liquidity on HBD.

This limiting factor can hinder one from investing much on HBD. This means that the increase in APR on HBD will not be very fruitful if nothing is done about it.

Since the demand challenge facing HBD has been taken care of by the Hive Witness through increasing the interest rate on HBD from 12% to 20% APR, the supply challenge will be taken care of by the @leofinance Admin team.

According to @khaleelkazi, the liquidity challenge facing HBD can be solved through providing liquidity on Polygon through the Polygon HBD (pHBD). pHBD therefore because the medium through which HBD can be supplied on a larger scale.

How does this work?

pHBD can be bought on the polygon smart chain and it's rewards will be paid in pHBD-USDC like the way PolyCUB rewards are paid in vault.

How do we as a community benefit from this transaction?

Polygon HBD (pHBD) is governed by PolyCUB and this PolyCUB governance brings special rewards to PolyCUB and xPolyCub holders.

xPolycub holders at this point have comparative advantage over others because the PolyCUB governance lies in the hands of xPolyCub holders and they have the sole decision to indicate where they prefer the profit to go to through their voting rights.

It should be noted that there are only 7 million PolyCUB airdrop that can be emitted, which means there'll be scarcity of PolyCUB in the nearest future. This scarcity and the demand for pHBD (which gives 40% APY interest on HBD ) will create a PolyCUB war between users.

xPolycub governance simply means that xPolycub holders can vote direction where yield is gonna go on the platform either on the pHBD-USDC vault or on the kingdom.

Are you still doubting the abilities of xPolyCub and xPolyCub, don't wait until the pHBD-USDC vault is finalized, buy PolyCUB and stake xPOLY now.

For more information on how xPOLY governance works and other issues about LeoFinance, click here

Posted Using LeoFinance ^Beta