[PolyCUB](https://polycub.com/) is the newest addition to the CUB Defi family. Polygon CUB extends the ecosystem from Binance Smart Chain to Polygon Network. 


### vexPolyCUB
Newly announced [vexPolyCUB](https://docs.polycub.com/polycub-mechanics/vexpolycub) is timelocked xPolyCUB that grants more voting weights in DAO votes. 
It will be possible to lock xPolyCUB for 2 years and receive a three times higher voting weight in return.

### Governance

xPolyCUB functions as a governance token for the PolyCUB ecosystem. 

The [second governance action](https://leofinance.io/@leofinance/xpolycub-governance-or-first-week-of-voting-here-s-the-results) is a perpetual vote and will scale cast votes with respective xPC balances once a week and adjust incentive multipliers once a week.
Every wallet can cast two votes. Only the last set of votes will be counted.




### Dynamics of Staked PolyCUB



Growth of staked PolyCUB:

![220703_stakedPC.png](https://images.hive.blog/DQmca9xGSd5Wrc9tifUssJCDZq5GaBYKkEttZczU5AUiPTR/220703_stakedPC.png)

Growth of xPolyCUB:

![220703_xPC.png](https://images.hive.blog/DQmbiSQPR5U1WTcNYH2dEZBAwzixkx9Dpra2L4VXYpx7ey1/220703_xPC.png)


Ratio of staked PolyCUB to xPolyCUB:

![220703_PCxPc_ratio.png](https://images.hive.blog/DQmbfH1ehvWpcRCThQpim86bCNnE9AK4dg2jLRjPtJqJWkY/220703_PCxPc_ratio.png)


Stake distribution among the top 50 accounts on the 3rd of July:

![220703_xPolyCUB_top50.png](https://images.hive.blog/DQmWSpowMTX9PqExiVkWbByxDvGXfNqRFZxJFVxeVJGzhoK/220703_xPolyCUB_top50.png)


As of July 3rd, total PolyCUB supply is 6'625'252 . Of those, 73% is staked in the xPolyCUB vault:

![220703_sPCvtPC_ratio.png](https://images.hive.blog/DQmcGGyizMpbQdUx7VfSgcpeYAangh1BniM6TsbJSDnbkCG/220703_sPCvtPC_ratio.png)



Price of PolyCUB over time:

![220703_PCprice.png](https://images.hive.blog/DQmU75gHyfZP4eY5xzWV3Zt8UAGXDFmNeVboqTJgQxmD3FG/220703_PCprice.png)



### Stake Distribution 



Account classification

+ Whale = Accounts holding > 1% of total supply.
+ Investor = Accounts holding between 0.1% to 1% of total supply. 
+ Retail = Accounts below 0.1% of total supply.



Whale Domination describes the share of tokens whales hold.



A few tokens for comparison:

| Token | Domination [%] |
| ----- | -------------- |
| ETH   | 14             |
| HIVE  | 40             |
| DOGE  | 45             |
| BTC   | 63             |



![220703_xpoly_dominance.png](https://images.hive.blog/DQmbK9A7y44bfjxwTyEq4kPMTt6QstQoMENvgDF8RbZM8uG/220703_xpoly_dominance.png)



| Whale Domination % | Investor % | Retail % |
| ------------------ | ---------- | -------- |
| 69.23               | 24.40      | 6.37    |

Whale domination has been slowly melting off from 76%.





Stake percentage held by account type over time:

![220703_xpoly_wallets_comp.png](https://images.hive.blog/DQmV4A5G7BjR8oWEh5mvhGURSx2VZCBKmSx6vXr3YcRs9Cp/220703_xpoly_wallets_comp.png)



Out of a total of 540 xPolyCUB addresses, there are:

![220703_xpoly_wallets_bar.png](https://images.hive.blog/DQmNprNrQBVFDpHErUTdzDaxmMKNhifWBC2emwbMcCfk1iC/220703_xpoly_wallets_bar.png)


| # Whales > 1900 xPC | # Investors | # Retail < 190 xPC |
| --------------------| ----------- | --------------|
| 17                  | 81          | 442           |



Number of wallets holding Koin sorted by whale, investor and retail:

![220703_xpoly_whale_investor_retail.png](https://images.hive.blog/DQmYrTwsF9aty8CEmc7pAfQidsxDF1wfcYnDTZDQmvqw7JC/220703_xpoly_whale_investor_retail.png)


xPolyCUB distribution across accounts:

![220703_representative_xpoly_wallets.png](https://images.hive.blog/DQmP5dGSnBuFQgaq3PsZZEmYuvrNcUMHFNoboppAwUEqDED/220703_representative_xpoly_wallets.png)



| Max      | Mean    | 3rd Quartile | Median | 1st Quartile |
| -------- | ------- | ------------ | ------ | ------------ |
| 44444.00 | 5984.38 | 105.54 	    | 21.05  | 3.78	        |



The extremely large difference between mean and median balance shows a strong concentration of assets in the top quartile. Although still very lopsided, the distribution is slowly improving, which can be observed by the [Herfindahl–Hirschman Index (HHI)](https://en.wikipedia.org/wiki/Herfindahl%E2%80%93Hirschman_index):


![220703_xpoly_hhi_line.png](https://images.hive.blog/DQmb7RfFBQKk9XtbNSqGnKeh97HHzbiUW2AbCCZC1ZXnp6n/220703_xpoly_hhi_line.png)




HHI is a measure of industry concentration or competitiveness. Increases in the Herfindahl index indicate a decrease in competition. The scale ranges from 0 (highly competitive) to 1 (monopoly). In practice, a value over 0.25 already signifies high concentration.








### Past Governance actions

The [first governance action](https://leofinance.io/@leofinance/introducing-xpolycub-governance-or-first-vote-reduce-the-locked-claim-power-down-window) was about shortening the penalty period for claiming incentive tokens from 90 to 30 days.

The [second governance action](https://leofinance.io/@leofinance/xpolycub-governance-or-first-week-of-voting-here-s-the-results) led to new yield multipliers for the vaults

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Data source: [polygonscan.com](https://polygonscan.com/token/0x905e21f6c4cb1ad789ced61cd0734590a4542346#balances)

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###### Vote for my witness: [@blue-witness](https://vote.hive.uno/@blue-witness)

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Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@bluerobo/xpolycub-vexpolycub-drawing-even-more-polycub-into-xpolycub)