18 Mar PolyCUB Announced the Launch of its Yield Optimizer on Polygon
[PRESS RELEASE – Please Read Disclaimer]
With the immense rise of the entire cryptocurrency industry led to the creation of countless innovative and beneficial micro-industries that allow users to earn tokens while using certain platforms. The growth of such protocols caused substantial competition to attract customers, which leads to better options, enhanced returns on investments, more robust networks, etc.
The LeoFinance team, veteran crypto developers with over three years of experience, went down that road and their latest offspring is PolyCUB – a Polygon-based yield optimizer aiming to go into DeFi 2.0 and Web3.
PolyCUB Went Live in March
Following the success of its previous endeavors in the decentralized finance world, the LeoFinance team went into deep months-long research on their next swing at attracting market share in DeFi.
With PolyCUB, a new application launched on the Polygon Network at the start of March, the team wanted to introduce improved and more robust tokenomics and mechanics. The yield optimizer comes after thousands of Monte Carlo simulations that allowed the team to determine how to build and maintain a sustainable DeFi platform.
The release of the app directly to its community means that users will be kept in the loop of all developments. They will also be aware of a new set of opportunities when they want to bridge to the Polygon network.
Additionally, PolyCUB Kingdoms will work as a vaulting mechanism inspired by other yield optimizers such as autofarm. They will be cross-platform yield farming vaults allowing liquidity providers to stake assets on protocols like Sushiswap or Curve and they can stake those tokens into Kingdoms to earn two types of yield. One of them is the base APY from the native LP platform and the other comes from PolyCUB APY.
This feature allows for automatic compounding of the Base APY into the base asset pair that a user LP’d.
Lastly, PolyCUB can be staked into xPolyCUB to earn the 50% fee penalty generated by other farmers who harvest their yield from farms before the locking period. Every time someone claims their yield with a fee, the value of xPolyCub grows, making this vault another optimizer option.
POLYCUB is designed to have the hyper-deflationary aspects of BTC while retaining all the benefits of DeFi.
About the Team
PolyCUB is a yield optimizer platform that provides a safe and easy way for DeFi users to discover yield and earn on the Polygon Network.
The platform was built by the LeoFinance Project which has built nearly a dozen apps in the crypto space over the past 3 years and continues to build blockchain-based applications like leofinance.io, cubdefi.com, polycub.com and many more!
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