This came out faster than I expected and I just checked in but at 183k liquidity, the APR has dropped to 77.85%.
Just wondering, but will the APR also change as the emission rates drop? I expect that a portion of the current PolyCUB emission was moved towards this pool and each month, the emission rate should be halved.
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The APR will fluctuate while initial liquidity gets in. We'll continue to update the APR and likely keep it above 30% to make it attractive for two reasons:
We're gearing up for the release of xPOLYCUB governance where anyone staking POLYCUB as xPOLYCUB will have a governance vote on where to allocate yield and how much each vault should receive.
With this governance structure in place, we'll be able to do some really cool stuff. One of the most underrated aspects of this coinciding with the launch of pHBD is that now every Hive whale has an incentive to stake a bunch of pHBD and then buy POLYCUB and stake as xPOLYCUB so that they can drive more yield into their own vault.
POLYCUB-style Curve wars, anyone?
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That sounds interesting. Will everything be recorded on Polygon? I think I am spoiled by Hive where I can vote without paying any fees.
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I wasn't expecting it to be this quick either, this is great from the team putting the work.
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This rate is much higher than I expected. They really did a great job.
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I am still waiting to see. From what I see, we aren't close to the 5 million liquidity so we don't know what the rates will look like when there is enough liquidity.
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