RE: Introducing POLYCUB V2 | vexPOLYCUB, Governance UI, PIP2, Multi-Token Bridge and Buybacks

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Awesome update! I’m definitely throwing some of my Xpoly into Vexpolycub!

I thought all the MTB fees were going into the protocol and being staked (hive, HBD and SPS). ONLY the yield from staking such assets would be used to buyback polycub.

Making the POL grow the buyback capacity every month. If your using the fees to buyback you cannot guarantee it will grow overtime because it will depend on the bridge usage every month…

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PoL has been compounding since the launch of the platform.

This is a valid argument but also misses how much fees are being generated. It’s quite high. This means a surplus of revenue will always remain and compound PoL while the 20% yield creates a long-term incentive to increase the POLYCUB price.

As the POLYCUB price increases, the deployment of assets into the /farms increases. As the assets rise, oracle staking revenue + wrapping fees rise. Internal arbitrage is generating ridiculous revenue as well. If LPs get deeper because POLYCUB is going up in value, then the total revenue of the system increases exponentially.

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