PolyCUB: DeFi 2.0 Meets Yield Optimization on the Polygon Network

in #hive-1679223 years ago

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Hey everyone! Our team has been working closely with Cointelegraph, Coindesk and a number of news outlets to spread the word about PolyCUB. Just 3 days into our launch and Kingdoms TVL is climbing far faster than our expectaitons.

With that in mind, we haven't even begun the massive PR run that we've been working on for the past several weeks. Between Podcast appearances and a massive round of Press Releases we've prepared, this is going to be a jam-packed week of marketing for https://polycub.com.

What you're about to read is a version of the press release that we've handed to a few outlets that have asked us for one about PolyCUB.com. We also wanted to publish it here on LeoFinance so that YOU, the community of 🦁s could also go out and spread the word with a one-document press release to share to the world.

As @taskmaster4450 frequently talks about - we are the key to marketing this platform and all of the apps within the LeoFinance Web3 Ecosystem. Take this press release and share it far and wide. Use it to guide your own posts and write about PolyCUB.com. Share it with a friend. Share it on Twitter. Share it on Facebook. Anywhere and everywhere that you have an audience - let's bring the world to PolyCUB: the most innovative DeFi 2.0 Yield Optimizer ever built!


The LeoFinance Team has been building and managing applications in the blockchain space for over 3 years now. We started by building social applications - like https://leofinance.io - and have continued that work. The social apps like LeoFinance and our Web3 Mobile App: LeoMobile (IOS and Android) are the backbone of our project.

LeoFinance outlines its vision as being a Web3 Ecosystem that is set on continuous evolution and expansion within the crypto industry. Our driving purpose is creating opportunity for our users and expanding the width and depth of our community.

Our community is made up of thousands of monthly active users from all over the globe. One of the many things we have in common is a love for Decentralized Finance and every major innovation happening on the bleeding edge of the cryptocurrency industry.

On March 5th, 2022, LeoFinance set out on a new evolution. Creating the next revolutionary app in our suite of tools, applications and opportunities for our users: https://polycub.com.

PolyCUB is what we consider to be the next evolution of DeFi yield optimizers. After successfully building other DeFi apps on the Binance Smart Chain and other platforms, we spent the past 7 months researching the newest wave of DeFi. What took place in recent months was the advent of platforms like OHM and the DAO revolution. We also saw Curve continue to hold strong as one of the oldest DeFi platforms in the whole industry.

With all of these different platforms to study, our team dove deep on the space. We wanted to pull research on all these platforms and find out what the key ingredients of success were for them.

Once we pulled out these ingredients, we compiled vast quantities of spreadsheets and data sets in our databases. We ran a thousand Monte Carlo simulations to figure out how to build a sustainable DeFi platform.

Our goal? Build a sustainable base on the Polygon blockchain for our community. Our ultimate ambition with the LeoFinance Web3 Ecosystem is to expand the width and depth of our community. Width means getting new users and depth means achieving more and more levels of opportunity to enrich our users and create abundance for our community.

With PolyCUB, we managed to achieve both of these: creating width by releasing a new app on the Polygon network with radically improved tokenomics and mechanics over other DeFi yield optimizers. Creating depth by releasing the app to our community, keeping them in the loop with our developments and also opening their eyes to a whole new set of opportunities when they bridge to the Polygon blockchain.

Polygon is an incredible blockchain and we believe that it and the MATIC token have incredible long-term potential. For this and many other reasons, our goal with PolyCub.com has been to bridge our community ecosystem to Polygon.

How is PolyCUB Sustainable?

PolyCUB Kingdoms

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PolyCUB Kingdoms are a vault mechanism that we built using inspiration from other Yield Optimizers like Autofarm.

Kingdoms are cross-platform yield farming vaults. Users LP assets on platforms like Sushiswap or Curve and then they can stake those LP tokens into Kingdoms to earn 2 forms of yield:

  1. Base APY from the native LP platform (i.e. Sushi or Curve rewards)
  2. POLYCUB APY

As you can see in the above screenshot, APYs are extremely high at the moment (most over 600% APY). This is because the platform launched just 3 days ago. There's already $4M in TVL on Kingdoms alone and this number continues to grow with each passing hour.

Kingdoms autocompound #1 (Base APY) into the base asset pair that a user LP'd. For instance, a user who deposited WETH-WBTC earns their standard Base APY which is autocompounded into their WETH-WBTC holdings. On top of that, they are paid out with harvestable POLYCUB rewards as well. This is how the 769.50% APY is achieved.

PolyCUB Bonding and Protocol Owned Liquidity

There is a PolyCUB treasury which holds assets that it earns from two mechanics:

  • PolyCUB Bonding (inspired by OHM)
  • PolyCUB Kingdoms (10% management fee on Kingdoms yield)

These two mechanics drive liquidity into the protocol owned liquidity (PoL) treasury. The treasury stakes these assets to earn yield and autocompound itself. When inflation on POLYCUB ends in a few months, the PoL treasury will begin paying yield to all LPs on the platform by purchasing POLYCUB on the open market and distributing those POLYCUBs as APY.

Between this and other mechanics like xPOLYCUB staking, the POLYCUB token is designed to flip deflationary in the long run as POLYCUB emissions have a fixed end date (when supply reaches ~8-9M tokens) and LP Rewards are paid out via PoL yield purchasing POLYCUB and distributing it to LPs.

xPOLYCUB Staking

PolyCUB is one of the most interesting DeFi Yield Optimizers we've ever seen. We pulled on the top platforms in the industry to design the mechanics that you see governing the platform.

At the core of PolyCUB is the xPOLYCUB staking mechanism:

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Staking POLYCUB into xPOLYCUB provides a immense level of rewards. You earn from two mechanics:

  1. You earn POLYCUB in the form of inflationary rewards - like all other vaults. This is the displayed "2,900% APY" figure in the screenshot above
  2. You also earn POLYCUB from Early Harvesting Penalties - this mechanic is pulled from platforms like Ellipsis and Curve. Users who harvest rewards on all vaults (with the only exception to harvesting penalties being the xPOLYCUB staking vault, which has 0% penalties). There is a 90 day cooldown on all harvests. Users can decide to circumvent this 90 day cooldown and unlock their POLYCUB harvests instantaneously. If they do this, then they pay a 50% penalty on those rewards and the entire penalty is paid out equally to all xPOLYCUB stakers

With these mechanics in mind, there is a PC / xPC ratio. This is designed in a true "number always go up" fashion. The ratio of POLYCUB / xPOLYCUB is how stakers in this vault earn rewards. The rewards from both of the above mechanics are paid to the vault autonomously and xPOLYCUB tokens are essentially a "Claim Token" on an equivalent share in that total rewards pool.

When a user exits the xPOLYCUB pool, they trade their xPOLYCUB tokens back to the protocol in exchange for the current ratio of POlYCUB tokens.

Our community asked us to design a "forever vault" where the number always goes up. A vault where the diamond paws (our community's version of diamond hands) could deposit POLYCUB and know that tomorrow or 2 years from now they could always withdraw more POLYCUB and bolster their liquidity portfolio.

PolyCUB Token Emissions: Designed to Go Deflationary

As described above, we set out to create the first-ever, truly deflationary Yield Optimizer platform. PolyCUB is the result of 7 months of research, Monte Carlo simulations and development work.

Right now (just days after PolyCub.com launched), the emissions rate is 5 POLYCUB / block on the Polygon blockchain.

Each week after launch, the emissions rate drops by 1 token per block. After that, every subsequent month after launch, the emissions rate is halvened (a hyper accelerated version of BTC halvenings) until the emissions rate stops completely a few months from today.

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Posted Using LeoFinance Beta

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Can wait to see the rest of the world jumping in on polycub, one of best DeFi project out there. Will also do my part in letting friends know about this. Polycub to the moon

Posted Using LeoFinance Beta

While you do your part with marketing, it'll be extremely important for us here to not just spread the word, but also do well by holding and building. Keeping the value in the system and not letting greed overwhelms, a project is as good as people who are behind it. Cheers!

sup

Posted Using LeoFinance Beta

Incredibly well written as always. Incredible work, LeoTeam. Can't wait to see the marketing hitting major platforms!

Posted Using LeoFinance Beta

Me too bro, it will be not less than amazing

This is awesome. Coin telegraph are big news outlet. I was just going to buy more polycub to stake into x polycub. Already pleo and matic is earning me $0.50. I only put in total about $19 and airdrop is 0.90 polycub token. The pr is only going to alert more people into the polycub kingdom. Therefore more liquidity and tvl be very high. I'm just going to stake more. Thanks for the hard work, your team making this happening !

Posted using LeoFinance Mobile

I read a lot of great crypto contents on Cointelegraph and Coindesk, and I think they are very good for massive PR, am spreading the word on Twitter right away.

My own little way of supporting the project.

This is another good and interesting update on the polycub token,with this Defi 2..0 Yield optimisation on polygon Network for the token, it is indeed another step to me making the token a great project.

Posted using LeoFinance Mobile


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Polycub is really just mouth watery and the juiciest defi project out there, but nothing excites me more than how polycub is interlinked with various blockchains. This is a long term project and the goal is to get as much polycub as I can. I believe polycub is heading in a direction of unimaginable success .

Cant wait to see you guys announcing support of Cub on Pulsechain once that finally launches :)

Posted Using LeoFinance Beta

A lot of valuable info in fewer words. Awesome. 👌. I most liked the Xpolycub vault, very innovative. Cheers for all the marketing efforts. More people, more rewards of penalties 😏

Posted Using LeoFinance Beta

Nice one @leofinace thanks for sharing this.. it would be a great thing to see leofinance and polycub skyrocketing

Posted Using LeoFinance Beta

Our community asked us to design a "forever vault" where the number always goes up. A vault where the diamond paws (our community's version of diamond hands) could deposit POLYCUB and know that tomorrow or 2 years from now they could always withdraw more POLYCUB and bolster their liquidity portfolio.

So I can stake my xPolyCub till PolyCub goes to 13.5$ to buy my Dream Car ?

Hahaha, I'm totally hoping you can get to buy that dream car.

To imagine polycub has done this well without much PR. This massive marketing on media outlets is a great move and will help folks out there see what they're missing. Many desire a sustainable DeFi and polycub address that and many much more. Believe this massive PR will take us to another level. Great job team

Posted Using LeoFinance Beta

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DeFi 2.0 Meets Yield Optimization on the Polygon Network.

Another good update coming on the polycub token,am just certain that polycub will be hitting the market with a very high expectations base on the number of projects attached to it right now

PolyCUB showed great success and probably all Leo Finance members jumped on it from the first hours. The learning curve is steep and we need to adapt fast to reap the best rewards. Now let's bring investors from other ecosystems and this will blow out of proportion!

Posted Using LeoFinance Beta

Bravo Team👏👏

The marketing plans are dope and top-notch. Without a doubt, it will enhance the increase in the number of polycub users/ stakers. Also, the CUB and LEO tokens will be positively affected.

What a great time it is to be a Lion!!

Posted Using LeoFinance Beta

I know nothing about Defi, Cub, PolyCub,Yield farming but this project just motivated me to start doin some research on this "field" of crypto.

Posted Using LeoFinance Beta

Just 3 days into our launch and Kingdoms TVL is climbing far faster than our expectaitons.

I believe it is really massive and a work well-done seeing the launch progress in a positive state and so many individuals are benefiting from it as it trend. Nice job from the leo team

Posted Using LeoFinance Beta

I have to admit xPolyCub confused me at first. It's a new system and there's actully a lot of guts if you want to start deep diving into it. But on the surface it's pretty much like Cub Kingdoms but with a nice kick! Interested to see what new features get released around PolyCub and xPolycub and how they all start to mix together.

Rest of HIVE must look at @leofinance as an example on how to do things right. HIVE has not spent much on marketing or towards funding developers. Most of DHF is spent on stabilizing HBD. Yet there is not enough support to bring real liquidity to HBD pairs and promote it as a stablecoin. @ecoinstant made a great proposal to DHF and whales have mostly ignored it.

HIVE used to be by biggest investment. Now @splinterlands and LEO/CUB ecosystem have taken its place. Base layer should learn from the successful DAPPs and work on having real eyeballs and real users onboard the project.
!PIZZA
!LUV

Posted Using LeoFinance Beta

@vimukthi(1/1) gave you LUV. H-E tools | connect | <><


Tap to help.

Great! Looking forward to the impact on the CUBiverse when the world's eyes turn to PolyCUB ... "The most innovative DeFi 2.0 Yield Optimizer" ... #DeFi2YO is the way! 🚀🌕👍🏽

Posted Using LeoFinance Beta

Awesome news! Can't wait to see LeoFinance and PolyCUB in the mainstream media. It will be interesting to see what kind of response it generates both on the platform and especially in the Discord and on Leo itself. Hopefully we'll be seeing lots of newbies entering with questions.

In the meantime, I harvested one final time and paid the penalty to stake it in xPolyCUB. From here I'll probably just farm and wait for the lockup period to end. Who knows, if the liquidity dries up by then the regular PolyCubs might be much higher as well.

Here's hoping this drives a 4x plus on TVL and sets the stage for doing it all over again in a few months.

Posted Using LeoFinance Beta

Advertising PolyCUB and LeoFinance in those popular news outlets will be of immense positive impact on the projects. However, it will be nice if this existing community get to hold a higher stake in the projects before the outsiders.

Posted Using LeoFinance Beta

Kudos to the #LeoFinance team for a job well done on this. Another massive project, interesting update.

Our ultimate ambition with the LeoFinance Web3 Ecosystem is to expand the width and depth of our community. Width means getting new users and depth means achieving more and more levels of opportunity to enrich our users and create abundance for our community.

A huge benefits to the crypto world. Thanks #LeoFinance.

Posted Using LeoFinance Beta

The LeoFinance Team has been building and managing applications in the blockchain space for over 3 years now.

Marketing PolyCub and making it aware to people in a platform is really great and I believe PolyCub will the the market with higher expectation.
After PolyCub launched some days ago, we all see there are lot of features attached to it which I believe the application will have a massive growth by marketing all over other platform. It well done job to the leoteam

Wow! Alot of useful information. This are the things that makes us love and trust polycub!

PolyCUB is one of the most interesting DeFi Yield Optimizers we've ever seen.

It certainly is. Kudos to the team! It can only get better. Thanks for the updates!

Posted Using LeoFinance Beta

Looking forward how it will impact TVL and polycub. Generally it's good to have PRs within first 2 days as there is bigger APR ehich attracts a lot of players.

Hail to LEO

Posted using LeoFinance Mobile

Nicely written @leofinance / @khaleelkazi! I will share it, once published, with key people in my life. They know I have been talking about this since last June ... 😉

Just like some websites have a "visitor counter" and emails have "opened" and "read" stats, I wish there was some way, once these are published, to know first how many actually got the publication. And then, of these, how many read it ...

Oh well, I am sure we will know something, by the direct impact on PolyCub's stats, in the next few days following their publication.

Onward and upward! 🦁🚀


P.S. Not a big deal, but ... If not too late, here is a typo in the text:

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Posted Using LeoFinance Beta

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I'm hoping into it in an hour, was preparing the funds all day yesterday to hop in. By funds means, funds which I want to stake in Polycub for at least a year or two. Also gonna promote it on youtube to my small community from my end. Hope that will make a tiny promo impact as well :)

I also believe polycub is getting a better stake in the crypto world and strongly have faith in it.. so about the polycub token emission, so the more it is been distributed the more it fall??

I cant wait to fully understand the way all these plays, I m gonna share it to all my social spaces.

The learning curve is a bit steep tho, but I m beginning to see just how simple and genius it all is.

Posted Using LeoFinance Beta

Hmm, I need to pay more attention on how bonding will work on PolyCub when it'll be released. I have used it before on other platforms, but there are different variants, and this is an important addition to keep in mind going forward.

Posted Using LeoFinance Beta

Well written publication worthy for Cointelegraph, Coindesk and them media outlets. PolyCub has been unlike any DeFi project I've interacted with. The team has really impressed me and I'm mind blown and excited for the future seeing it's vision and goal. The world deserves to know more about. Polycub to the world

Posted Using LeoFinance Beta

We ran a thousand Monte Carlo simulations to figure out how to build a sustainable DeFi platform._ a lot of credits has to be bestowed upon the dev team for making Defi 2.0 yield optimization a platform a success. If I’m not mistaken Monte Carlo simulations happen to be a broad class of computational algorithms that rely on repeated random sampling to obtain numerical results. The underlying concept is to use randomness to solve problems that might be deterministic in principle. With this enormous and tedious tasks put in place to make this farming platform a standard yield optimization platform it’s definitely a no brainer to partake in this kind of mouth watering golden opportunity if one has the funds to do so . It is really a risk worth taking !