This Is The Week We Could See A Change In Polycub

What a long, windy road.

Actually, when it comes to Polycub, we are just approaching the 60 day mark. This seems like an eternity because, well, it is crypto. Everything is ultra short-term, at least with focus. For Polycub, the idea always was long-term. Thus, we have to give it at least 90 days before throwing in the towel.

As we approach the 60 day market, a couple things happen. This is making it a big week.

This all starts with the end of the airdrop. That started on the first day and was a 60 day progression. In a couple days, it ends.

The result is 1 million POLYCUB dropped to CUB holders. Based upon the total POLYCUB that is issued, this makes up a significant amount.

polycub.png

As we can see, the airdrop totals about 1 million of the 5.5 million POLYCUB that is outstanding.

xPOLYCUB

Throughout this entire process, the focus upon xPOLYCUB was highly touted. It was modeled to be scarce and harder to acquire over time.

For those who are uncertain what it is, here is a good xPOLYCUB primer.

The key with xPOLYCUB is that it takes POLYCUB's scarcity to another level. This is going to make it hard to acquire down the road. The special design of the increasing POLYCUB/xPOLYCUB ratio means the early days were the time to get in. Now, with the price of POLYCUB down, it is again a worthwhile consideration.

However, the question is how long will it stay at these levels.

When we look at the amount of POLYCUB locked up, this is what we see. Remember, there are only 5.5 million POLYCUB total.

polycub.png

With 3.7 million locked up, that means there is 1.8 million POLYCUB on the open market.

This means it will get very hard to add to the xPOLYCUB pool. At present it takes roughly 21 POLYCUB for each xPOLYCUB. This number keep growing on a daily basis.

POLYCUB Is Really Scarce

With the reduction in emissions along with the ending of the airdrop, how much impact will this have? After all, the price of POLYCUB, in USD terms has done nothing but drop.

Obviously, the addition of the upcoming liquidity pools is going to be of great importance. Before delving into that, we have to truly understand how tight things are.

1.8 million sounds like a decent amount of POLYCUB that is outstanding. However, we have to deduct the amount that is already in the existing pools. Looking at these two contracts (here and here), we see that 1.08 million is located in these two pools. That means we have about 700K free POLYCUB out there.

When we look at this in USD terms, that means there is about $97,000 in POLYCUB available using the present price of $.139.

This is what we are told from the @leofinance post:

Our next vaults that will be deployed are:

pHIVE-POLYCUB
pSPS-POLYCUB

Here is a very simple question: since both require POLYCUB added to HIVE and SPS for the pools, do you think these two will bring in more than $200K?

That is all it will take to suck up all the POLYCUB that is out there. Of course, there is more distributed daily yet that is also decreasing come next weekend. That means the emission rate is half of what it is now.

The pHBD-USDC pool is near $350K. This is a bit over two weeks old. Since HBD is rather limited, we can surmise there will likely be more HIVE moved into the pool as compared to HBD. Unlike that LP, this is not paired with USDC but POLYCUB. It is where we can now see some buy pressure coming in.

What if $250K worth of HIVE is moved into the liquidity pool? Where is all the POLYCUB going to come from to pair with it? At the present USD price, it basically does not exist.

Of course, this does not even approach the type of demand that will come from the addition of pSPS to the platform. It is easy to see how both of these can really send the demand for POLYCUB skyrocketing.

A Change In The Trend

It is likely we see a change in the trend for Polycub over the next week or two. The reduction in emissions is going to seriously affect the supply. We saw a rather sharp drop in price, in part, due to the lack of liquidity. This is only going to get tighter.

Of course, prices keep dropping unless there is demand. Even with the addition of the pHBD pool, that did not send people buying POLYCUB. The next two pools will simply because the pair is with POLYCUB.

Many want to judge a project based upon how the token price acts. That is a major mistake. Those who were fretting about how things were progressing are going to have a bit of egg on their face. There is no way to deny the fact that demand is going to increase with the release of the pHIVE-POLYCUB pool.

The beginning of May was the target area that many of us were watching. We are now upon it with a nice piece of news: the upcoming addition of the Hive liquidity pool on Polycub.

This is going to change some things very quickly.

What are your thoughts? Do you see this the same way or is there something being missed?

Let us know in the comments below.


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Bang, I did it again... I just rehived your post!
Week 104 of my contest just started...you can now check the winners of the previous week!
!BEER
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You just made me imagine things with pHIVE and pSPS going into Polycub and with the limited the available supply of PolyCUB, I can only think the possibility of the price going up. I bet you scoop a lot more today?

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I can only think the possibility of the price going up.

This is the usual direction when liquidity is tight and there is some buy pressure. We will see if that come to being.

I bet you scoop a lot more today?

I have been adding the past 60 days.

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We shall see about that indeed. And I shouldn't be surprised you have been bagging more PolyCUB. For this wee cub, now is my chance, haha!

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It appears to be a very good time. I was adding all along so I took the risk out of it. But with the week upon us, there is reason to believe we are close to a bottom in USD price.

Time will tell.

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Time will tell indeed. The market behaves the way it does and hopefully we'll see brighter days ahead.

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Even with my heavy bias, I do believe the pHIVE and pSPS pools are going to signify the major step function change we've all been looking for on PolyCUB.

There's a lot going into the platform, a lot that has already gone in over the past 7 months.

The release of Governance along with the V2 vault change is radically reshaping the entire value proposition of the platform. Instead of just offering Kingdoms vaults that accrue value in only 1 way for Protocol Liquidity (management fees), we are seeing vaults like pHBD, pHIVE, pSPS - and in the sooniverse pRUNE, pLUNA, etc. - offer 5 value accrual mechanisms for PolyCUB's PoL.

Sustainability and long-term thinking are all that matter for PolyCUB. At the core of that is value accrual. I believe the new mechanical setup of PolyCUB with these new vaults is the best thing our team has ever built so far

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The numbers could really jump on that, no doubt about it. Get a couple hundred thousand HIVE on there along with a couple million SPS and you will see an entirely different platform especially with then each paired with POLYCUB.

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1000%. Then mix in the fact that we’re aiming to deploy a dozen total p__ vaults with identical setups. Including assets from other chains that we can bring to Hive and Polygon simultaneously.

Then add in Collateralized synthetic loans. Things get really interesting

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I think the airdrop ending is pretty bullish. Hopefully we see a big trend indeed. I know some people lost faith on PolyCUB for a moment and it may draw them back.

I don't have a lot there but I've been adding whenever possible.

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It is bullish simply because it stops some of the emission which will have to reduce sell pressure. I dont know how many are selling their drop but we can presume some are. They will not be in a couple days.

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you have to give POLYCUB your time, it is a very interesting project which we must support and work to make it one of the best in both #LeoFinance and #Hive

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I saw you also talk about such change in a comment in a post of leofinance, positive changes will come and your opinion and research is really very wise that deserve appreciation. Thanks for this blog.

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I think it's a good thing that the pools are great because it's half PolyCUB. Do you think we could see something similar to what happened with the CAKEPOP where people will PolyCUB to get Hive or SPS? Wouldn't this drop the price of PolyCUB instead?

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I am not too familiar with what happened to CAKEPOP but with the new pools, people need to get POLYCUB to enter. If you have 500 HIVE you want to add, half has to be converted to POLYCUB. That is buying pressure. Add in SPS and we could see a lot.

As the pools are filled, it is true demand for the different tokens will move back and forth. Hard to tell which people will want.

However, think of it this way, if I use the pool to get pHIVE to bring on chain, and I have USDC, I have to first buy POLYCUB then use that to get the pHIVE. It is handled in one transaction obviously through a wallet but that is effectively what happens.

So we once again see demand, albeit quickly erased, for POLYCUB.

Finally, this will filter to all areas of the platform. POLYCUB is about to be the pair in 4 liquidity pools. Not all are going to be selling PC at the same time. In fact, there might be serious buying in a few of them as others need to get their hands on PC.

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HIVE addition to Polycub would be a real game-changer truly. However, pHBD can also gather momentum. Now the airdrop is almost over, another 30 days would be an exciting scene to watch on Polycub.

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Actually, the addition of HIVE to the platform could enhance pHBD. It is going to help the growth of the entire DeFi operation. This will bring in move TVL, hopefully sending the price of PC up. If this happens, we could see people gaining more confidence, enabling them to jump into pHBD and get rewarded in PC.

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Adding hive to polycub is definitely a right call and with the emission rate decreasing almost every week polycub is definitely going in a right direction. Let wait and see how things will work out in the next 6months.

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