Unfortunately, it has been clear for some time that CUB and POLYCUB had a sealed fate. The last bullrun's great DeFi rush ended in the worst possible way, a bit like what happened with the ICOs in 2017, and today it is necessary to make a serious evaluation on the matter.
The latest post by @leofinance illustrates the current situation well: CUB and POLYCUB are projects that are no longer sustainable and no longer attractive, a product that is difficult to manage and today it is objectively useless to continue developing, throwing away important resources. It is clear that unfortunately we have invested and lost our capital but as always we continue to write, the risk is always around the corner when you invest in cryptocurrencies.
The team has launched the first ever pool here on Hive, the voters will be exclusively LeoPower holders who are asked to reimburse the current CUB and POLYCUB holders with $LEO, in a ratio 1$ CUB=1$ LEO and 1$ POLYCUB= 1$ LEO, at the current values of altcoins. Unfortunately the word end is never pleasant but in my opinion, at the moment it is an opportunity to avoid the total collapse and loss of what we have left of CUB and POLYCUB.
Personally I voted in favor, it would be fantastic to see CUB at $10 again but now it has been a failed experiment on my part too. I've certainly learned a lot from DeFi, mostly in negative terms. But we will be able to tell all this with a smile some time later. Now everyone is focused, rightly, on enhancing the value of $LEO, and all the team's strategies and efforts will be aimed at achieving this goal.
The equally important news is finally the possibility of creating surveys on Hive, for now only for LP holders, soon also for HP holders and in the future also for other communities and holders of other tokens! A small, big revolution for our community that will bring benefits to everyone.
If you have not yet voted for the poll on the fate of CUB and POLYCUB, then go to the ### link here below and rate it!
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CUB and Polycub where my first excursions into the Defi world. I managed to learn a lot thanks to it but times have changed and I believe it's good to turn the page on a project that seems not to have any future...
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Interesting. I'm not a part of all this, but I was curious about what was going on. I've been away from Hive for a few years but back since about a month ago. Fascinating to see all I've missed. Just wanted to say it's pretty amazing seeing the people still involved with this platform, and the lengths they are willing to go. So many others would have just abandoned CUB as a loss and left the holders screwed. Gives me so much confidence what LEO is doing that I just invested in LEO, and considering signing up for inleo too.
I haven't voted yet but thanks for sharing the update on this. And also expect $Leo to grow quite nicely.
Is LEO printed from nothing to reimburse them?
😂
Yeah, it seems so
That is really a great development 😁
It is better to let go of something that will really only leave the developers as well as the users who bring liquidity to POLYCUB, but they really had a good time with POLYCUB, but I am sure that something new and innovative will come after all this.
I personally could never participate in POLYCUB, I always wanted to but at the beginning I didn't have enough funds to buy some tokens and provide liquidity, but I was always interested in this idea, but as you say in your article, the time has come to let it go because in this season it's not very attractive.
👏 Keep Up the good work on Hive ♦️ 👏
🙏 Don't forget to Support Back 🙏
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Voterò anche io a favore ormai è tanto tempo che non guardo i miei CUB e POLYCUB.
Fortunatamente ho investito relativamente poco perchè non ero pratico del mondo defi ma proprio grazie a cubdefi ho imparato molto e adesso investo solo in pool che hanno token con tanti casi d'uso e da allora ho avuto solo soddisfazioni ;)
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