This made my Saturday happy haha.
I have a question regarding the 57% APY offered by polycub.
For example this apy of almost 3 vx what HBD savings offers in Hive is to drive a great investment, but if they then lower that apy and place it at par with the one in HBD savings, wouldn't it create a massive outflow? I think if they are proposing this APY they should keep it or if they lower it it should not go below 30% as many people would quickly lose interest.
How would it be done there?
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The APY on Polycub is not dependent up the APR on chain. On Polycub, it is dependent upon a host of issues on that chain.
We will see the APY drop as more capital enters the LP.
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Ah okay, clarified that point, thank you very much.
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