pHIVE held as 1:1 collateral for the wrapped equivalent - staked as HIVE POWER to earn on-chain rewards = value accrual for PolyCUB's PoL
This has got my head spinning, I am not going to claim understanding it in full but a bit of partial understanding gets me exited, this are some crazy out of this world plan coming our way.
Glad all the Polycub developments will be ported to CUB, I was thinking to myself the other, it looks like Polycub is getting all the attention, am glad there are plans for CUB upgrade as well.
Posted Using LeoFinance Beta
It is simple. The @p-HBD wallet has 100K HBD in savings. This is earning the 20% annual return.
That is how the Protocol that will benefit from on chain rewards.
The same thing can occur with HIVE.
Posted Using LeoFinance Beta
Sounds simpler now thanks Task. 🙂
Posted using LeoFinance Mobile
Glad I could help.
Posted Using LeoFinance Beta
Task is the best!
Posted Using LeoFinance Beta
No dispute on that!
Posted using LeoFinance Mobile
Yes exactly. And this is how all wrapped equivalents will work.
The multi-token bridge for PolyCUB will do this with every token - for pSPS, it will stake SPS on Splinterlands. For something like pCTP, it will stake CTP POWER and curate as well.
Things are about to get crazy
Posted Using LeoFinance Beta
Current plan is that the PolyCUB oracle for pHIVE will stake HIVE and either trail @leo.voter or delegate HIVE POWER to it.
This essentially just means that all LeoFinance holders benefit double-over by also having more voting weight curating all of our content
Posted Using LeoFinance Beta
This is huge Khal, no one should be missing out on an opportunity to earn more like this.
Posted using LeoFinance Mobile