It's Five (5) days since the xPOLYCUB governance was introduced into PolyCUB deFi. The essence of the PolyCUB governance integration was to create a viable utility for xPOLYCUB while also allowing POLYCUB stakeholders to lend their voice in the mechanics of PolyCUB. Changes in the mechanics of PolyCUB is expected to be regulated by governance proposals. Some of the areas in which xPOLYCUB governance voting is expected to influence PolyCUB are
- How much APY each vault earns
- Adding new vaults
- Changing the claim window for locked claims (currently 90 days)
- Prioritizing collateral
- Directing PoL, and more.
In a mater of minutes, the first governance vote to change the claim rewards curve from 90 days to either 30 days, 15 days or keep it at 90 days depending on xPOLYCUB investors weighted preferences.
It is amazing how the POLYCUB DeFi growing with multiple utility added each passing week to maintain its rank as the best DeFi lending platform and a novel self-sustaining DeFi solution.
These additional utilities is expected to make POLYCUB which is designed to be as scarce as Bitcoin to be a top sought-for DeFi asset. The increasing utility on PolyCUB and xPOLYCUB, is expected to put a demand pressure on PolyCUB and xPOLYCUB, hence, a price flip towards a$5 and $100 respectively.
It's been an exciting experience to have joined the league of other great PolyCUB investors to lend my voice in the governance of the best DeFi lending platform. I did mine by sending 0.0003 MATIC to the PolyCU governance Address.
Why I voted for 30 Days is to make rewards harvesting to be collected within the same harvesting window for HBD savings on Hive. One would be able to appreciate more the value of staking pHBDS-USDC when it can be easily compared with an equivalent amount saved on Hive on the same day. Moreover, climing my PolyCUB liquidity rewards as a monthly salary will help create the consciousness of hoe DeFi is changing the narrative of work. For me, 30 days is not too long and not too short.
Voting for any of the claim rewards curve is as simple as a. b, c , and can be done as follows:
- Send a TX to the governance address with the exact amount below to this Governance Address "0x2CAA7b86767969048029c27C1A62612c980eB4b8":
- a. Send 0.0009 MATIC to keep the claim window at 90 days
- b. Send 0.0003 MATIC to reduce to 30 Days
- c. Send 0.00015 MATIC to reduce to 15 Days
It is important that a voter must cast his/her vote from an address holding xPOLYCUB tokens. Only one vote is accounted for an address and the weight of your vote is dependent on the amount of xPOLYCUB held in the vault.
It is beautiful that LeoFinance is not just building a a smart and sustainable DeFi solution, prioritizing stake based governance at this point shows how the DeFi seeks to satisfy the demand of web3 and true decentralization.
We look forward to when other crypto communities would host their liquidity vaults on PolyCUB in a way that will encourage more POLYCUB staking and that means more revenue on the PolyCUB vault for improved development and quick recovery of the POLYCUB price.
Learn more about POLYCUB - the Best Sustainable DeFi?
These posts would be of benefit in explaining more on the DeFi 2.0 pioneered in PolyCUB and how it plays out as a game-changer in the DeFi space, optimizing yield and serving long term decent profits to investors. They are:
- Why Would Anyone Buy POLYCUB 1 Year From Now?
- Introducing the PolyCUB Roadmap | xPOLYCUB, Bonding and Collateralized Lending
- PolyCUB | Emissions "Halvening" In 2 Hours and the Future of Sustainable DeFi Through Utility AND Scarcity
- Bitcoin Moguls now know and demand PolyCUB
Make your money work for you on POLYCUB - PolyCUB is the best DeFi lending platform in 2022
About me...
I am a called teacher, a serial entrepreneur and a Graduate of Agricultural Engineering. Nigeria is my root and a place full of opportunities. I dropped out of a Master's Degree program due to funds, yet I do not regret growing the courage to start my business from the scratch. Today, I've built layers of Businesses on the Hive blockchain in terms of Curation and it's a sustainable passive way of earning crypto while learning.
I am your favourite Hive Tribes Promoter and Curapreneur!
I am @Uyobong.
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