It's been a while since I last checked Polycub so I visited it yesterday evening and did some harvesting, claiming then staking into the xPolyCUB vault.
The first thing I noticed was that the halving has already happened, yay! Lesser $PolyCUB are being created per block (0.0625). Hopefully this will do good to the price. It has not recovered since it dropped down to 7 cents some weeks ago. But then again, it's probably best not to look at the price and just keep accumulating instead.
Next thing was the APRs on the Liquidity Pools. They have dropped significantly. pHBD-USDC for instance is now at only 6.89% which made me wonder whether it is still worth it to keep my HBD there or send it back to the HBDSavings on-chain.
I did wonder if the stakeholders are still voting in the yield governance. I find it interesting that pHBD-USDC pool has the highest liquidity amongst all the other farms yet it is one with the lowest APRs next to pLEO-MATIC. I remember Khal mentioning a few times in the past that the pHBD-USDC APR won't be going below 30% but obviously, due to some factors, that isn't happening.
Would be better to send them to CUBFinance farms to earn CUB instead. The bHBD-BUSD pool there is at 28.56%. Additionally, there is no lockup period for yields there. It's kinda enticing, just that I do want to stack up $PolyCUB so... (thinking)
Meanwhile, my little stakes in the vexPolycub vault are earning some good yields (although I can't really see them yet). The current APR is 34.17% (20% fixed + 14.17% APY on xPolyCUB. They are to be unlocked in 672 days from today which is very long wait in cryptoverse's timeframe but hopefully, it will make me a happy cub when the time comes. vexPolycub is a set and forget investment.
Some days ago, there was a #thread that asked whether we believe a $0.001 POLYCUB price is possible. In crypto, nothing is impossible so we only hope for the best.
It reached an ATH of $1.27 months ago and the unimaginable happened so let's see how it would pan out. Of course when we have investments, we want the good things but the market can be brutal and investors' interests can diminish too so it's okay to expect for the best but then we must also be prepared for the worst.
Investing in DeFi can be profitable yet the risks involved are high too. Talk about impermanent losses and other associated risks. So it is always good to weigh our options and do the necessary precautions and/or actions. And as one of the golden rules in investing says, "only invest what you can afford to lose" and that we shall do.
I still trust the project, the people behind it and its mission so I'm holding on.
DISCLAIMER: None of the above are investment or financial advice. DYOR.
Images from Polycub, LeoFinance and CMC. No copyright infringement intended. 110922/20:00ph
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