90% of author rewards will be used to buy and burn POLYCUB. All the information about the project is detailed in this introduction post.
The price of Polycub is very close to its all-time low once again. This is to be expected since the price is highly correlated with Hive and ETH because of the POLYCUB-WETH and POLYCUB-HIVE liquidity pools. Both assets crashed recently and dragged down polycub with them.
Yesterday we saw a small HBD pump which is always great for polycub as people try to arbitrage HBD and bridge a lot of assets through the bridge, generating a higher amount of wrapping fees than usual. Not only that but the Polycub pools also have a bigger trading volume because of the pump, generating more fees for the liquidity providers and deepening the pools.
The price of HBD is slowly coming back to the peg but volume keeps increasing so I'm not so sure that the pump is over. Usually a few days after an HBD pump there's a Hive pump so be ready for that in case it happens.
Since all of this happened after 00:00 UTC the revenue from the wrapping fees will only be reflected on tomorrow's revenue report.
POLYCUB:
- Price: $0.096
- Total POLYCUB Supply: 6,960,277
- Market Cap: $666,699
- New POLYCUB/block: 0.125 (5000 PC)
- TVL: $1,734,261.69
xPOLYCUB
- POLYCUB Staked: 4,881,986.36 (+ 27,581.00)
- xPOLYCUB Supply: 210,060.904 (+ 1162.644)
- PC/xPC Ratio: 23.2408 (+ 0.0027)
- TVL: $467,627.30
VexPOLYCUB:
- vexPOLYCUB Supply: 103,403.311 (+ 3.337)
- XPolycub Locked: 105,132.031 (+3.392)
- Polycub Locked: 2,443,352.506 (+ 362.706)
- TVL: $234,039.78
- xPC/vexPC Ratio: 1.0167 (+ 0.00)
Wrapping Fees: 0.00$
- 0 HIVE ($0.00)
- 0 HBD
- 0 SPS ($0.00)
Oracle Staking: 31.42$
- HBD: $25.26
- Hive: 11 HP ($6.16)
Kingdom Fees: 3.01$
- WETH-WBTC LP: $0.15
- WETH-DAI LP: $0.01
- USD-BTC-ETH LP: $2.78
- DAI-USDT-USDC LP: $0.07
Total: 34,43$
Very low revenue, the wrapping fees generated zero dollars since there were no movements over any of the three bridges. Tomorrow will be way better because of the recent pump so don't worry too much about it, good days can more than makeup for the slow ones.
I want to remind you that all tokens except LEO will help burn even more Polycub. Tipping tokens like Pizza in the comments are greatly appreciated!
Posted Using LeoFinance Beta
