90% of author rewards will be used to buy and burn POLYCUB. All the information about the project is detailed in this introduction post.
Generating revenue is crucial for Polycub's long-term sustainability. The more revenue the protocol generates early on the more it compounds over time. At the time of writing the SPS bridge charges no fees when transferring from Polygon to Hive. When doing the reverse operation it does charge a small fee but less than the agreed wrapping fee of 0.5%.
I have zero technical knowledge about how to fix wrapping fees but I assume it is a pretty simple thing to do. Let's hope that the @leofinance team finds the time to fix this issue soon and get back to generating some extra SPS from wrapping fees.
The SPS bridge volume is way lower than the remaining bridges but every single dollar helps polycub grow, on top of that SPS has a lot of exciting things coming soon that should help its price pump back up.
POLYCUB:
- Price: $0.086
- Total POLYCUB Supply: 6,978,241
- Market Cap: $603,015
- New POLYCUB/block: 0.125 (5000 PC)
- TVL: $1,697,819.24
xPOLYCUB
- POLYCUB Staked: 4,838,093.09 (- 8,917.91)
- xPOLYCUB Supply: 208,066.346 (- 1,994.558)
- PC/xPC Ratio: 23.2526 (+ 0.0028)
- TVL: $418,076.90
VexPOLYCUB:
- vexPOLYCUB Supply: 103,557.980 (+ 11.783)
- XPolycub Locked: 105,289.287 (+ 11.98)
- Polycub Locked: 2,448,249.674 (+ 573.674)
- TVL: $211,562.41
- xPC/vexPC Ratio: 1.0167 (+ 0.00)
Wrapping Fees: 15.71$
- 3.77 HIVE ($2.08)
- 13.63 HBD
- 0 SPS ($0.00)
Oracle Staking: 21.84$
- HBD: $17.04
- Hive: 8.63 HP ($4.80)
Kingdom Fees: $2.89
- WETH-WBTC LP: $0.13
- WETH-DAI LP: $0.01
- USD-BTC-ETH LP: $2.68
- DAI-USDT-USDC LP: $0.06
Total: 40,44$
Total LEO Burned: 127 LEO
- First 127 Leo burn link
Total VexPolycub Burned: 0
- First burn September 5th
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
