Decentralized Finance (DeFi) dominated the world for the first time in 2020. Now, two years later, the world has come to know some successful DeFi projects. Despite these successes, as with other new areas, there are some issues.
Consider Bitcoin (BTC), which introduced cryptocurrencies and blockchains to the world but could only be used for payments, and its successor, Ethereum, opening the world to additional technology use cases. Similarly, DeFi 1.0 has raised revenue opportunities and liquidity concerns for users switching platforms to pursue better rewards, so the 2.0 protocol seeks to build stable value with a higher concept.
Helping us to usher in this era is Leo Finance, a team that has built and managed applications over the last three years. The collection includes social apps such as Leo Finance and Leo Mobile (for iOS and Android). Both of these exist as the backbone of the team’s larger goals.
With the successful construction of applications in the BNB chain, among other platforms under the team’s belt, LeoFinance focuses on platforms such as the Decentralized Autonomous Application (DAO) Revolution and Olympus for solutions. I spent seven months researching the next wave, DeFi 2.0. In the words of one of the team members, the goal was to apply the findings, which are “key elements of success,” to the goals of the platform. Diamond foot community. “
“The ultimate goal of the LeoFinance Web3 ecosystem is to expand the breadth and depth of the community. Width means to acquire new users, and depth means the opportunity to enrich users and create richness in the community. It means achieving more and more. “
With this mission in mind, the LeoFinance team has released a new app, PolyCUB. PolyCUB aims to improve tokenomics and mechanics over existing DeFi yield optimizers and open the eyes of community members to new opportunities in the Polygon blockchain.
Guarantee of long-term sustainability
PolyCUB uses Kingdoms, a cross-platform yield farming vault. This allows users to monetize via BaseAPY from the native platform and PolyCUBAPY.
This model guarantees long-term revenue sustainability through the shortage model that underlies PolyCUB. App tokens work like Bitcoin in that they are not a medium of exchange. Instead, PolyCUB has value directed at it, ensuring that the required deflationary pressure is applied to the distribution. As a result, xPolyCUB is ideal for anyone planning to retain their assets for extended periods of time.
In fact, anyone who stakes PolyCUB as xPolyCUB in a single staking pool holds assets that shrink forever. The value of XPolyCUB for PolyCUB increases over time (10.71 PCs per xPC at press time). XPolyCUB serves as a claim for early harvest penalties generated by Kingdoms Vault’s external capital.
Redistributing the platform’s Tokenomics further guarantees its value. As mentioned earlier, Kingdoms allows users to bet various tokens and earn yields with automatic compound interest, allowing users to increase their revenue with minimal effort. These payments will be split into 90/10 so that 10% of the revenue will be redirected to the xPolyCUB contract.
The platform also uses a curved style harvest penalty method. Users can choose to wait 90 days for the harvest to be “unlocked” and billable. Alternatively, you can claim the harvest immediately, but you can pay the xPolyCUB holder a 50% early harvest penalty.
This feature is combined with Protocol Owned Liquidity generated through PolyCUB Bonding and a 10% management fee for Kingdoms yields. The combination of these features will increase the price in US dollars over the long term, and its value will be in the hands of those who are betting xPolyCUB in a way that does not exist on the DeFi 1.0 platform.
Building a growth mechanism
LeoFinance has a community of thousands of active users every month around the world, including bloggers, leaders and Web3 users, and is focused on expanding the Web3 ecosystem to blockchains of new opportunities such as Polygon.
Its app, PolyCUB, leverages Olympus-inspired bonding mechanisms and combines them with curve-style staking with xPolyCUB to create a sustainable productivity optimizer.
The team believes that by leveraging carefully crafted mechanisms, it is well-equipped to drive long-term growth in industries that lack long-term thinking.
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