How xPOLYCUB Governance Works | Creating Deep Utility for LPs on PolyCUB

khaleelkazi in #hive-167922 • 2 years ago

xPolyCub Governance.png

In this week's AMA, we talk about XPolyCUB governance.

xPolyCUB governance basically works exactly like the Curve DAO where basically anyone holding xPolyCUB will be able to vote on where yield on the platform will go.

We've launched stage 1 of the DAO which was the first ever governance vote to reduce the claim window from 90 days to 30 days.

We were able to gather some data from the vote and now we're getting ready to release the full version of xPOLYCUB DAO.

The idea is to create something similar to CURVE WARS, but instead it'll be PolyCUB Wars. Essentially people will buy up PolyCUB in order to amplify their rewards on certain vaults, and then that will create a "fight" over the governance system which creates more reason to hold POLYCUB. This increased "reason" is increased utility to hodl xPOLYCUB.

With only 7 million PolyCUB out there, things could get interesting pretty quickly. There is a tight float and anyone can buy up POLYCUB and start shoving yield into their favorite vaults.

PolyCUB is also becoming a hub for HBD trading. pHBD is already bringing a lot of revenue to the PolyCUB treasury. If it goes well, bHBD on CUB will be released shortly after - UPDATE: this has gone well. In the past few weeks, we've decided to build deeper liquidity into pHBD on PolyCUB and release the bHBD token on CubFinance soon!

We talk about this and more in this clip from the Weekly AMA!

About LeoFinance

LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

Our mission is to put Web3 in the palm of your hands.

Twitter: https://twitter.com/FinanceLeo
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Whitepaper: https://whitepaper.leofinance.io

Our Hive Applications

Join Web3: https://leofinance.io/
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Web3 & DeFi

Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:

CubFinance (BSC): https://cubdefi.com
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2 years ago in #hive-167922 by khaleelkazi

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shohana1 2 years ago

As a team you guys doing a great job and building LeoFinance perfectly. AMA is really great initiative that helps many new comers along we old authors in hive cum LeoFinance. thanks Khaleel bro for doing such great job. Highly appreciate 👍💖💗

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rufans 2 years ago

It’s interesting to see that we are heading somewhere pretty soon. We just got a name for it Polywars.

I missed the last governance vote and promised not to miss the future ones. I just can’t wait for a friendly user interface for it. Maybe, I wouldn’t have missed the previous one.

Also, I’m only worried of one thing,(polyCub’s fan base) how big is it for the polywars?

All put together, I see how big polycub is going. Welldone

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littlebee4 2 years ago

Great strategy to create much more interest in it.
Interesting times, looking forward to the full version.

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zeezee25 2 years ago

Personally to me leofinance is a brilliant idea. I have been having fun here. I have been learning from great mind, earning and also sharing my opinion. At first it look like i am on a lonely island but consistency and dedication is making me see the real deal.
To me leofinance is not all about the money it's about the development and improvement am getting on crypto and finance knowledge.

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emeka4 2 years ago

It will be really nice to see the full version of the xpolyCUB DAO released which is definitely a way forward for a new development to occur in the platform

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trostnandia.pob 2 years ago

It will be really great to the version of the xpolycub published which is part of the new improvement and development of the community.

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adedayoolumide 2 years ago

PolyCUB is also becoming a hub for HBD trading. pHBD is already bringing a lot of revenue to the PolyCUB treasury.

Leofinance is one of the collection of brilliant mind on hive blockchain. Indeed PolyCub has be a relevant project on leofinance and hive that brings not only revenue but change we're looking for in trading of HBD.

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idiosyncratic1 2 years ago

I think the strong side of PolyCUB is that the good narratives start showing up to make the project sustainable for years.

Emission rates have decreased, self-perpetuating products are coming and PoL is filled very well so far. If the crypto market can deal with this UST drama, we will see how people will rush into xPolyCUB / PolyCUB tokens to increase their earnings.

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julisavio 2 years ago

Very nice, man
Thank you for sharing!!!!

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rtonline 2 years ago

It is safer for me to stay in the pHBD-USDC liquidity pool in these days of extreme volatility in the crypto markets. It's best for me right now to stay on stablecoin and earn PolyCUB at the same time. Until the crypto market returns to its former levels, my entire focus is here.

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shortsegments 2 years ago

This is very cool:

xPolyCUB governance basically works exactly like the Curve DAO where basically anyone holding xPolyCUB will be able to vote on where yield on the platform will go. We've launched stage 1 of the DAO which was the first ever governance vote to reduce the claim window from 90 days to 30 days. We were able to gather some data from the vote and now we're getting ready to release the full version of xPOLYCUB DAO.
Its very exciting to see you hit the roadmap goals and to see the development of this community. You are living the dream, good for you.

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jersteemit 2 years ago

For sure more utility with the Xpolycub governance. The idea of PolyCub wars really seems like an exciting one. Would be interesting to see those fights

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olympicdragon 2 years ago

Leofinance and Polycub are the stars here. The app is now more refresh and works superb. To hodl Xpolycub you need the essential, that is Polycub. There soon be a big demand which will drive up prices. And holding Xpolycub can have governance votes !

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joemark 2 years ago

The last governance vote should showed a great part in the system. Full release on it and case of wars should bring more fun and benefit to polycub. Anticipating seeing that

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emma001 2 years ago

The full release of xPOLYCUB DAO is a welcome development. Community participation in governance would truly spark more reason for holding PolyCub.

bHBD token on CubFinance soon!

Awesome. Looking forward to this

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ifarmgirl 2 years ago

that will create a "fight" over the governance system which creates more reason to hold POLYCUB. This increased "reason" is increased utility to hodl xPOLYCUB.

Things are getting so interesting in Polycub. With that strategy, there's certainly a need for those who want to have more 'voice' in the vaults to get more xPoly.

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