Overview
PolyCUB is the Polygon deployment of the CUB Finance ecosystem, built by the LeoFinance community (a Hive blockchain-based social platform). The protocol provides yield farming vaults, liquidity mining, and a bonding mechanism inspired by OlympusDAO. PolyCUB launched during the DeFi 2.0 wave and attempted to combine yield farming with Protocol-Owned Liquidity concepts. The result was a brief period of activity followed by the standard yield farm decline — emissions outpaced demand, TVL left, and the token cratered.
Smart Contracts
Standard yield farming vault contracts on Polygon — nothing innovative or unique. The bonding mechanism was copied from OlympusDAO's model. Contracts handle deposit, withdrawal, reward distribution, and bonding. The codebase is fork-level quality without meaningful differentiation.
Security
No evidence of professional security audits from reputable firms. Fork-based contracts reduce novel vulnerability risk but don't eliminate deployment errors or modification bugs. The low TVL limits economic attack incentive but also means zero battle-testing at scale.
Liquidity
Essentially zero meaningful liquidity. The POLYCUB token trades at a tiny fraction of its launch price with negligible volume. Vault TVL has drained as yield chasers moved to newer opportunities. Any remaining liquidity is insufficient for meaningful trading.
Adoption
Dead by any meaningful metric. The LeoFinance community maintains some awareness but active usage of PolyCUB vaults is negligible. The Hive community cross-pollination wasn't sufficient to sustain DeFi-scale activity.
Tokenomics
POLYCUB token is used for farming rewards, governance, and bonding. The emissions-heavy model that worked briefly to attract deposits became the token's undoing — constant sell pressure from farm emissions with no corresponding buy pressure. The OlympusDAO-inspired bonding never attracted enough demand to offset emissions.
Risk Factors
- Protocol is effectively abandoned with near-zero TVL
- Token has lost 99%+ of value from launch — hyperinflated and unwanted
- Community is tiny and primarily based on Hive social platform
- No competitive advantage on Polygon against Beefy, Aave, or other established protocols
Conclusion
PolyCUB is a textbook yield farming failure — attractive APYs at launch, rapid emissions-driven token decay, and eventual abandonment. The 1.4 score reflects a project that served its purpose as a farm and was discarded. This is what most yield farms look like after the music stops.