Cub and Polycub are heading in opposite directions

In the past couple of weeks, the price of Cub and Polycub has slumped dramatically. However, Cub token has felt the damage more than Polycub.

For most of the last 60 days, I believe that interest in Cub token was mostly due to its connection with the Polycub airdrop. This is why as we got closer to the end of the airdrop, the value of the asset started dumping aggressively.

At the time of writing, Cub tokens are trading for less than 10 cents. That's a worrying value and one that I suspect will continue to drop as people continue farming the token.

At the time of writing, even the TVL on Cubfinance is about $3.2m. This is a dramatic drop from the $10m range that we used to have in the past.

This is massive sell-off is worrying for those of us that are still in Cub pools. I feel like something has to change, for things to get better.

Right now that the airdrop has ended, there's no incentive for people in pools that don't have Cub tokens to actually hold tokens. I mean, yeah, in the future, there will be a fantom cub and airdrops will be based on the number of Cub tokens you have.

The thing is, we need to do something now, to ensure that Cub tokens aren't dumped to infinity before then. We need to find a way to ensure that the internally generated revenue somehow keeps up with the massive sell-off that Cub token is going through right now.

For what it's worth, I understand that the general crypto market isn't exactly in a good place right now. However, Cub token seems to be worse than everything else because of the lack of incentive to hold.

I think Cubfinance could do with some development in general. Perhaps introduce XCub that adds community voting, including a long term deflationary mechanism like what we have in Polycub and generally just bring something new to the project that could pump some energy into it.

Polycub heading up

As things continue to look awry for Cub tokens, its brother on the Polygon side of things seem to be coming good. In the past couple of days, Polycub has gained a couple of cents, moving up from 10 cents to 19 cents in two days.

Just as expected, the end of the airdrop period heralded a reduction in the dumping rate of the token. This is despite the community vote to reduce the lock up period from 90 days to 30 days.

As mentioned in numerous publications by the @leofinance account, a number of value accrual mechanisms will be thrust into the project. pHBD, pHive and a Splinterlands connection will be coming into the scene to bring more value to Polycub project.

The introduction of these new aspects will definitely reflect on the price of Polycub token. These new additions will inevitably boost the PoL and in turn, lead to an increase in the RFV of the Polycub token.

There seems to be a lot more interest in Polycub than in Cub. This is evident in the fact that the TVL of Polycub is currently slightly higher than Cubfinance, despite being around for only 2 months.

Simultaneously focusing resources and development on multiple projects can be a very tedious activity. However, I believe that this is something that should be done, to ensure that Cubfinance, being the onboarding avenue for multiple Leofinance defi projects doesn't get forgotten.

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