Can PolyCub pay my 2023 rent
My passive income sources keep on multiplying and Polycub is the newest addition to the list. The results have been impressive so far but the polycub halvings start soon™ and the APY's are going to take a dive with each halving. It is the price to pay for the long-term sustainability of Polycub.
Having polycub cover the rent is an ambitious endeavor but one I'm committed to accomplishing. It will take some time to build up my bags to be able to claim enough every 90 days to cover 3 months of rent. The 90 days lockup is tricky and will require some planning.
My plan is to coordinate and invest enough in polycub farms and kingdoms during 2022 so that I can live completely for free during 2023. Ideally, I will have enough polycub unlocked by the 1st of January to cover the first 3 months and keep going from there every 90 days.
The math behind the plan
CUBDeFi has been around for one year and the kingdoms APR for CUB on most of them vary between 15% and 30% so I'm going to assume that by the end of 2022 the Polycub APR's should be around the same values. The Polycub inflation will be way lower than Polycub but the price should hold better because of it so 20% seems like a reasonable assumption.
Meaning that if I can accumulate 5x my annual rent on Polycub farms and kingdoms I should be able to use it to live for free. Not even taking into account the kingdoms compounding on my LPs, only the Polycub that comes from staking.
Xpoly not allowed
I'm putting all my airdrop into polycub for a long-term play, since it is "free" money I decided to go for a make it or break it play so I won't be using any Xpoly for this "challenge".
I don't have a specific objective with XPoly but I need to set some targets otherwise I get carried away and never cash in my gains, that "number go up tech" can be addictive.
It won't be easy but that's what makes it fun, I will be sure to make a post by the end of the year letting you know if I was successful or not. Bear in mind this is just a personal challenge, I won't be homeless if I fail, I have other means to pay my rent.
Polycub to the moon 🚀
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the ecosystem that exists around leo specifically is incredible, it is helping me with my studies
It's good that you can also benefit from this new project
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I'm thinking it could pay rent for a long time.
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Only time will tell... It will be highly dependent on how much PCV polycub can raise using the bonding feature
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Yep, marketing is going to play a huge role.
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not bad at all. it is always a delight seeing people use their games to solve real-life problems. I hope it goes as planned. cheers!
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Thanks, making it a game/challenge makes it way more fun and keeps me motivated.
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I'm also putting all my airdrops into xPoly (well atleast for now). Polycub paying rent, I like this goal. Mtg & taxes for me..let's go!
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Let's see how it goes. Can't wait to see how much PCV can polycub raise with bonding 🚀
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Would be awesome
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Polycub can pay your rent but it depends on how you set your target.
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As long as numbers goes up still holds you can buy a house with it in a couple of years time instead.
Renting is for chumps.
Buy crypto mansions instead.
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I can't get a loan so my only option is to rent for the time being. When crypto eventually goes on another upward rampage I might cash out enough to buy a house. Although I make more money by renting and investing the money I would use to buy a house 😅.
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There is a lot of uncertainty associated, but all in all, is a solid plan! I hope it works out for you!
I always enjoy hearing stories of crypto having a positive impact on people's lives!
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Thank you! You're right it is highly uncertain that's why I have safety nets that can easily sustain me in case Polycub doesn't make it.
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Good luck on your plan man, hope you can reach it!
I feel like need to learn cub finance because I am not really into defi yet, I still need more research how are the potential and risk.
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That sounds like an interesting challenge. Let us know how the challenge goes with your free polycub airdrop.
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This is interesting I will love to know how it goes by the end of the year. Till then
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I understand your concept and in a bullish phase of the market, that might be working. How high is your rent if you're allowed to share that?
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I expect polycub to keep decreasing in price over the next few months but hopefully, it will turn around in the last quarter of the year.
I don't want to share the specific number but it is VERY cheap. I got an awesome deal a couple of years ago and since I share it with my girlfriend I only pay half.
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Cool, more power to you.
YAY!
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I already have everything on the Cub kingdom 😁
On Polycub I'm going the staking LP (mainly Weth-wbtc and Pleo-Matic) route since I don't want to over-expose myself to Polycub. The airdrop part goes directly into Xpoly, go big or go home play.
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That's the right way to go my friend. You are earning free BTC with your CUB stake. 😁
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I believe things are changing and are getting to develop very soon. It might not be buy house at a spot but as time goes by.
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Outch !
It hurts a little but it was to be expected. I'm playing for the long run, either go big or sink down with the ship 😁
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