PolyCUB Update: Is the Platform Ever Going to Turn Around?

We've spent so much time lately focusing on CUB and talking about CUB. Most people are wondering: what about PolyCUB? PolyCUB had PIP3 a few months back and it didn't get passed by xPOLYCUB and vexPOLYCUB stakeholders. The problem with this is that we believe that PolyCUB needs to make a radical shift to be more like CUB.

Namely, this means shifting from a monthly halvening schedule to a fixed rate of inflation OR a variable rate of inflation that focuses on paying LPs enough incentives to actually pool HBD and HIVE on the platform to actually grow pHIVE and pHBD liquidity.

CUB has shown that having bHBD and bHIVE Liquidity can generate massive amounts of revenue each month. The problem we're facing on PolyCUB is that the deflationary setup has actually become a detriment. We tried to build a platform with sustainable tokenomics - and we achieved that, in some ways - but in exchange for achieving that, we actually caused some other pitfalls. Namely, stunting the growth and revenue of the PolyCUB Ecosystem.

We have some ideas to fix this and the next PolyCUB Improvement Proposal will be going live this month. This proposal will aim to get PolyCUB back on track . We want to align incentives with attracting productive capital to the platform.

The prior proposal was rejected by a few PolyCUB whales who found it to be unclear and too quickly timed. We are aiming to make a very clear proposal and remove a lot of the uncertainty around PolyCUB. Again, on CUB, we feel like we've finally hit a model of sustainability that works... and works well!

In this clip, Mitch and I talk about some of the ideas that have been circulating with the team and a few community members. We believe we can turn polycub around in very much the same way we did with CUB.

We've given CUB the spotlight to show that this model of sustainable, reliable and growing yield can work with bHIVE and bHBD. As long as there is sufficient liquidity and that liquidity continues to deepen. That's the real key here.

Be ready for a proposal sometime this month highlighting the changes we want to make to PolyCUB and why.

About LeoFinance

LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage & share micro and long-form content on the blockchain while earning cryptocurrency rewards.

Our mission is to democratize financial knowledge and access with Web3.

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