The unanimous decision of the Hive Witness in April have marked a watershed in the history of the entire hive blockchain and PolyCUB in particular. This is because, the decision brought out the best out of PolyCUB and Cub in terms of value accrual channels.
Prior to the unanimous decision of Hive Witness, most Hivers didn't see the need to save HBD on-chain, while the value accrual model of PolyCUB was predicated upon Kingdom management fees of 10% on yield generated from Total Value Locked.
This Hive Witness decision solved one major challenge facing HBD on-chain, which is the demand for HBD locally (within the blockchain) and completely did nothing about liquidity pools provision.
Lack of liquidity pools for HBD have limited it from being mass adopted in the cryptoverse. The opportunity, paved way for the timely decision by the @leofinance team to provide liquidity pools for HBD on the polygon network in form of PolyCUB HBD (pHBD).
Looking at the V2 vaults predecessor (Kingdom management fees), PolyCUB would've still remained in it's traditional state waiting for early harvesting fees (50% of rewards on PolyCUB) from those who want to unstake their PolyCUB before the end of the cooling down period, which is for about 90 days.
The arrival of pHBD-USDC vault became the game changer for PolyCUB and a means of test running the abilities of PolyCUB V2 vaults that'll become a Multi-token yield bridge in the future.
Our theory began with pHBD. We saw an opportunity with pHBD: HBD lacks liquidity and in fact, there is no deep liquidity pool for HBD on any blockchain.
As it stands, the pHBD pool has over $450k in liquidity and frequently trades over $50k USD in a single 24 hour trading session.
The launch of pHBD was highly successful and the pHBD-USDC pool continues to gain liquidity on a daily basis.Source
Looking at the above rewards that comes from liquidity ($450k) and the daily trading mark of $50k USD, you would truly know that the future of PolyCUB is assured, while that of stakers is secured.
According to the last post by @leofinance, you'll observe that the complete launch of PolyCUB V2 vaults (which ended up with pSPS) creates 14 channels of value accrual, which has opened up PolyCUB to maintain it's place as the most successful DeFi platforms with yield optimizing abilities.
I'm finally say that, taking advantage of the right opportunities that comes our way on a daily basis, will determine how the next phase of our lives will look it. PolyCUB chose to provide liquidity for HBD and today its experiencing yield at its peak on a daily basis.
Posted Using LeoFinance Beta
