Seeing how the "Avalanche rush" program ended up I am keeping my expectations low for this one. It was also somewhere around $200M but it all got sucked out of the ecosystem by farming whales that left as soon as the rewards ended.
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I watched taskmaster and Khal last night talk about the way this platform will be self-sustaining. I think I have a pretty good grasp on it now. The one question I'd still like Khal to address definitively is why I or anyone else would want to buy this a year from now? I get the PoL will "flip" the emissions of new PolyCUB tokens, but I would like to see some sort of numbers on what the protocol will be able to pay the Kingdom and Farm holders in APY. THAT, in my mind, is the only variable left that could cause this project problems. If those yields can be maintained at competitive levels once the "flippening" happens, then this could be an investment you may never want to leave.
I'm sure they've game-theoried that to death so I'd like to hear his response to that question.
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If xPolycub continues to provide value to stakes and keeps growing we may see it becoming a collateral asset on some lending platforms. If you can peg an asset to POL then it should be valuable enough to be used as collateral for stablecoin and other loans.
I also have a lot of questions regarding long-term sustainability but we should wait for a few weeks to see how everything works out before jumping to conclusions.
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