[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. 



### 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:

![220710_stakedPC.png](https://images.hive.blog/DQmYX2fP9A4Q8CjmBZ3bktpb2X8s8r2NhxH9Y93C75PsHpJ/220710_stakedPC.png)

Growth of xPolyCUB:

![220710_xPC.png](https://images.hive.blog/DQmQMLmopAXGTC9teJ1QVGiNbFFkVVqmLhs6wy4eELWYprd/220710_xPC.png)


Ratio of staked PolyCUB to xPolyCUB:

![220710_PCxPc_ratio.png](https://images.hive.blog/DQmRJoiibvJGGsiZxVQFRZfWX8SXyyFhCRUEnyKkzesLWVv/220710_PCxPc_ratio.png)


Stake distribution among the top 50 accounts on the 10th of July:

![220710_xPolyCUB_top50.png](https://images.hive.blog/DQmeyrkKtvBoMazGasXmdcJi8EhjRWPDwxm7AWqECYaRGtN/220710_xPolyCUB_top50.png)


In comparison to stake distribution on the 3rd of July:

![220626_xPolyCUB_top50.png](https://images.hive.blog/DQmVPRdKf7cXJ8FxAyEjzFJjUGSnCM8AQeU7piVDRBUAjXR/220626_xPolyCUB_top50.png)


As of July 10th, total PolyCUB supply is 6'692'196. Of those, 76% is staked in the xPolyCUB vault:

![220710_sPCvtPC_ratio.png](https://images.hive.blog/DQmUTmHBD5VMe9ysJcgfgEXch6pDjX3u79o1q5ArXQ1LdCm/220710_sPCvtPC_ratio.png)



Price of PolyCUB over time:

![220710_PCprice.png](https://images.hive.blog/DQmckEZn2fuWhANE3k5vPcYqwpixZkuHhFwGaKovhtJKZHp/220710_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 % |
| ------------------ | ---------- | -------- |
| 69.78               | 24.10      | 6.11    |

Whale domination has been slowly melting off from 76%.





Stake percentage held by account type over time:

![220710_xpoly_wallets_comp.png](https://images.hive.blog/DQmR6tAW7QsTYMpc81dGDR7xCRG89t9jwCxnrRnpZsCnW6g/220710_xpoly_wallets_comp.png)



Out of a total of 538 xPolyCUB addresses, there are:

![220710_xpoly_wallets_bar.png](https://images.hive.blog/DQmTVXjsMXtFHYTpJTk8xja3FyuiXRrQzrTrhE9BKYAMLbE/220710_xpoly_wallets_bar.png)


| # Whales > 1900 xPC | # Investors | # Retail < 190 xPC |
| --------------------| ----------- | --------------|
| 17                  | 83          | 438           |



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

![220710_xpoly_whale_investor_retail.png](https://images.hive.blog/DQmeneBB48NunxDrEuXJQ1ccbAwaNL6E1rHEfrxXw9eEK3D/220710_xpoly_whale_investor_retail.png)


xPolyCUB distribution across accounts:


![220710_representative_xpoly_wallets.png](https://images.hive.blog/DQmaPgmLjyE2zrTubUWJuozP7habrmXG4FKJfvscb9fVBme/220710_representative_xpoly_wallets.png)


| Max      | Mean    | 3rd Quartile | Median | 1st Quartile |
| -------- | ------- | ------------ | ------ | ------------ |
| 26666.67 | 3737.46 | 107.41 	    | 21.98  | 3.85	        |



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):


![220710_xpoly_hhi_line.png](https://images.hive.blog/DQmR3UFe4sVXUpVtGKty7vVmA3upxr6anFadbyAE6UXUvjM/220710_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-large-stakes-shuffle)