Why you should vote for option #1 on PIP3
Quick #threadstorm with my thoughts and why I believe this is the most beneficial path forward for #POLYCUB #DAO ππ½ππ½ππ½
Why you should vote for option #1 on PIP3
Quick #threadstorm with my thoughts and why I believe this is the most beneficial path forward for #POLYCUB #DAO ππ½ππ½ππ½
1/ Look no further than #CUB to see the success of our Multi-Token Bridge technology under a static inflationary model.
CUB has predictable APYs, this has made a lot of #HIVE and #HBD flock to the liquidity pools on CUB
2/ Compare the success of the static model to the "failure" of the halvening model: unpredictable APYs on POLYCUB have led to a fleeing of #HIVE and #HBD away from POLYCUB. This means less revenue = less POLYCUB buybacks
3/ Buybacks on #CUB have skyrocketed. Many of us have become bullish on CUB again and the price is up over 25% since MTB launched
4/ the variable inflation rate model on #POLYCUB clearly is not performing as well as a static rate
We believe a low, static rate of inflation will create predictable yields and drive #HIVE and #HBD back across the bridge and into LPs
5/ If #1 goes through on PIP3, we believe POLYCUB can grow to become the sustainable, reliable and growing yield optimizer that it was intended to be
We need to ADAPT to changing market conditions and question assumptions
6/ If #2 goes through on PIP3, we believe POLYCUB will still maintain value and be able to grind out some small amount of MTB capital but we're struggling to see the platform grow in the long-run if it can't have predictable yield
7/ It's ultimately up to the community to decide with their xPOLYCUB, vexPOLYCUB and LP Governance Power but after speaking at length with devs and various community members, the path forward seems obvious.
GROW THE MTB on POLYCUB!