PolyCUB Block Rewards Dropped to 3!

3 years ago(edited)

It happened just a few hours (maybe minutes) ago that the block rewards on the Polycub Defi platform dropped from 4 to 3... That's nothing unusual, but something that was projected to happen after the second week of the token existence... Firstly, it dropped from 5 to 4 a week ago, and it will drop further in the next week... and a week after that...

What does that mean to investors on the platform? Well, if you are in the Defi space for some time, you have probably noticed that most of the "native" (or better-said, platform) tokens are heavily inflators... That has sense if you are creating the platform for short-term gains, but we know that LEO guys are doing this for the long term... Knowing that it's not a surprise that CUBDefi.com is a year old and it's still alive and kicking... Making profits for the investors, while many other Defi platforms have died a long time ago...

Screenshot from website

On Polycub, there is a different logic behind the scenes... The Polycub token is designed to be like it is, printing fewer and fewer tokens as time passes until the end of the mint! Yes, you heard it well, there will be an end of Polycub "production"... In those moments, funds collected during the minting period will buy Polycub from the market and pay out the investors...

I will not go deep into the mechanics in this post as you can find them in a lot of posts, but I would rather check out what happened a week before when we had the first block rewards reduction... Check out this chart...

Screenshot from website

The first reduction happened on March 12th... Even if you don't know to read the charts, you will understand that the price changed the direction... Will that happen again in the next couple of hours? We will see...

Two things are certain... The first one is that we are "mining" a more scarce asset every next day, and the second is that the APRs on pools will drop down a bit... Both things are certain and expected... Let us see what the will future bring...

Thank you for your valuable time,

~ph~

pg divider203.png

If you want to support my witness, you can do it by voting for @ph1102.ctp here https://tribaldex.com/witnesses, or just scan the QR code down below...

Don't forget to follow, reblog, and browse my Hivepage to stay connected with all the great stuff!

You can also find me on LEO Finance .:. Twitter .:. LBRY

Posted Using LeoFinance ^Beta

vyb cent ctp hive-engine defi polycub pimp proofofbrain leofinance

3.73792201 BEE

9 comments

@behiverbee51

3 years ago

I wonder at what moment in point the price will revive as all we are expecting that. I feel that we are still under experiments and our predictions might not play out as intended...

0.00008601 BEE

@ph110277

3 years ago

Completely agree with you... It is an experiment, and I would lie if I say that I have no doubts about the future of Polycub... The idea is good, but we will see how it will develop in a couple of months when buy-back kicks in... Will that be enough incentive to keep investors?
In any case, until that moment, there is still a lot of potential for making some money... ;)

!PIZZA

Posted Using LeoFinance ^Beta

2E-8 BEE

@jfang00375

3 years ago

I know that the APRs are starting to drop and I am actually looking forward to how things react after the high emission rates go away. PolyCUB is deflationary so that would also mean that the APR it returns would also be deflationary.

Posted Using LeoFinance ^Beta

0.00008582 BEE

@ph110277

3 years ago

Yeah, that's the plan... The only thing that is uncertain is what will happen with liquidity inside the pools after 2-3 months... Will people jump to other shiny things that bring higher APR, or they will stay? I like the idea and mechanics, but one thing is to make projections, and the other is the reality... In any way, it will be interesting to follow Polycubs!!

!WINE

Posted Using LeoFinance ^Beta

0E-8 BEE

@wine.bot56

3 years ago

^{Congratulations, @ph1102 You Successfully Shared 0.100 WINEX With @jfang003.}
^{You Earned 0.100 WINEX As Curation Reward.}
^{You Utilized 1/1 Successful Calls.}

wine_logo

^{Contact Us : WINEX Token Discord Channel}
^{WINEX Current Market Price : 0.333}

^{Swap Your Hive <=> Swap.Hive With Industry Lowest Fee (0.1%) : Click This Link}
^{Read Latest Updates Or Contact Us}

0E-8 BEE

@howzat66

3 years ago(edited)

0.00008597 BEE

@ph110277

3 years ago

We will see what will happen... I like Polycub's tokenomics and I'm always more for lower APR, but backed up investments, than chasing high and risky APRs...

!PIZZA

Posted Using LeoFinance ^Beta