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RE: Xpolycub ratio, Floor value and promising future
Here is some quick cardboard math
The protocol generates revenue through the 10% management fee on autocompounding harvests - i.e. when a Sushiswap or Quickswap Kingdom is autocompounded, 90% of the yield is autonomously compounded into the balance of the protocol participants and 10% of the yield is set aside into the PolyCUB Treasury address.
Kingdoms TVL = $5M
Kingdoms median APY = ~300%
Kingdoms median monthly rewards = ~25% = $1,250,000
10% management fee for 1 month = $125K (if the fee takes into account he Polycub rewards as well).
Considering that this is the absolutely best case scenario the PoL would have about $70-80k worth of assets under management considering that we are only two weeks into PolyCub farming.
PoL ($80k) / Current supply of PolyCub 2.8M = $0.028 per PolyCub
Again, this is cardboard math but it can't be that far from reality imo.
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This doesn't factor in the initial $100k or something around that value that was initially pumped into the PoL before creation 🤔
I believe that was Khal's private stash but even if we add that to the equation and multiply everything by 2 we would still end up below $0.1 backing per PolyCub.
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