Should I invest in PolyCUB?

I am certain you have been seeing a wave of posts all around the web and social media and you may be wondering whether it is a perfect option to invest in PolyCUB. Sit back, relax and let me unveil PolyCub to you.

Before I begin to divulge information about investing in PolyCUB or not, there is need that I create a background for it. LeoFinance had in the month of March 2021 launched a yield farming ecosystem known as Cub finance on the BNB blockchain.

As usual, all networks make their native tokens. CUB is the native token of the Cub Finance ecosystem. See https://cubdefi.com/ to explore the platform. On the dashboard located on the left side of the screen, we can see options but our focus would be on Farms and Kingdoms

Farms

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This is where you can stake LP tokens to earn CUB. The operational model of the farm is simple to understand in essence, you just stake CUB tokens and you will harvest CUB. Some of the tokens you could stake are DEC-BUSD, BLEO-BNB, CUB-BNB and so on. Attached to each token are information such as APR, liquidity and so on. They help you have insight about each token’s potential. At the time of writing this piece, the APY return on CUB-BNB is 65%.

Can I withdraw my CUB tokens?

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Yes, you can withdraw your CUB tokens immediately or allow them to accumulate over a period of time.

To farm on the platform, you will need to connect to your wallet either Metamask, Trustwallet, Safepal to enable you carry out transactions on the platform.

Kingdoms

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This is the second option in our context, just below the farm option on the dash board https://cubdefi.com/kingdoms. Kingdoms operate just like farms. Although there are few differences. Kingdoms major characteristic is its auto-compounding feature.

If you decide to stake Cake in kingdoms, you will earn rewards in PancakeSwap. Because of the incentives provided by other platforms, you can earn high APY. Staking cake at the time of writing this article will earn you a 70% return not necessarily because of the CUB rewards but PancakeSwap.

The auto-compounding nature of system works in a way that, as you receive daily rewards from platforms you staked in, the smart contracts embedded in Cub finance would take them and re-invest them back into the kingdom you staked into initially thereby, causing a multiplying effect in your rewards.

Tell me about PolyCUB

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The Polygon network is built on the polygon network. The native token is called PolyCUB. The network ran an airdrop distribution to holders of the token. As a matter of fact, about one million tokens were created and they are still being distributed as airdrops to holders.

Five tokens were created for every block during the first week. Wow! The first users of the platform totally were in a gold mine. During week two the emission rate lowered to four tokens per block. This will continue until it passes one token per block. In essence, a time is coming in which rewards for each block created will so minute.

I assume you are worried. No worries at all. When you invest in PolyCUB, you will have to wait for a period of three months to be able to harvest your rewards. If you decide to harvest your rewards early, you will have to forfeit 50% of your rewards.

Goldmine

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You can stake your tokens in xPolyCUB and earn more cub. The whole network is a goldmine. Here, you basically stand more chances of earning higher. I initially stated that if you choose to withdraw your rewards before the stipulated 90 days, you will forfeit 50 % of your rewards. I guess the question on your mind is, where does the 50% go to?

It comes to holders in xPolyCUB. You do not only get rewards from staked tokens, you also stand the chance to reap the 50% of rewards forfeited by desperate users. In any case, it is a win-win. See https://polycub.com/staking

There are a few thins you need to focus on before you convert you PolyCUB to xPolyCUB. That is the PC/xPC ratio.

The implication is One xPolyCUB is worth 19.7425 PolyCUB. In inverse relation, you may need to stake 19.7425 PolyCUB to get 1 xPolyCUB.

The assurance is that, any investment made in xPolyCUB will never plummet. More PolyCUB invested in xPolyCUB connotes more PolyCUB over time. Read this press release by cointelegraph for more clarity

https://cointelegraph.com/press-releases/polycub-the-next-generation-of-defi-yield-optimizers-has-arrived

You can also check the amazing guide by @mikedcrypto to get the better understanding of PolyCub.