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:
- 30% APR is better than 20% on the Hive blockchain
- Altruistically, people want Hive to be successful and HBD needs liquidity for that to be possible. Providing liquidity on pHBD-USDC is aiding the growth of Hive in a BIG way
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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