Putting Your Stablecoins to Work - DAI/USDT/USDC LP Kingdom on PolyCub

The future is now so don’t miss out. PolyCub is finally here and is serving up truly some tasty returns. Of particular interest is the DAI/USDT/USDC LP Kingdom. At the time of writing this article APY on this Kingdom for Stablecoins is a whopping 169.25%%. Yes, as more participants enter this Kingdom the APY will decrease so take advantage of it while you can.

The purpose of this article is to walk you through investing in this opportunity - from approving the contract through adding the LP coins (with photos - all photos used herein were sourced through PolyCub, app.Sushi.com, or polygon.curve.fi). This should prove of keen interest to those of you out there who until now have not used Curve Finance (it can be somewhat confusing and undaunting for a first timer).

Step-by-Step Instructions to Participate in PolyCub’s DAI/USDT/USDC LP Kingdom

Preliminary Steps

1. Please make sure you have Matic tokens in your Matic Mainnet Polygon account.
2. Open PolyCub on your browser - go to Kingdoms page.
3. Scroll down and find the DAI/USDT/USDC Kingdom and single click to open its details. Click on ‘Approve Contract’ button:

1. Your METAMASK will open and you will be required to accept this action and pay minimal gas.

If you do not have these Stablecoins in your wallet, you will need to acquire them as follows:

1. Open the side menu on PolyCub, click on ‘Trade’ then click on ‘Exchange’.

1. You will be taken to Sushi.com and the swap page will look like this:

1. Simply click on the drop down menu initially marked ‘Sushi’, then search for and click on ‘DAI’. For purposes of this illustration we will be swapping 2 Matic for each of the three required stablecoins.

1. Click on ‘Swap’. Click on ‘Approve Swap’ and Metamask will open for you to approve the transaction and pay gas. You will receive DAI tokens to your wallet.
2. Now repeat the same to acquire USDT and USDC.

Acquiring the Necessary LP Tokens

1. Return to the PolyCub Kingdoms page and open the DAI/USDT/USDC LP Kingdom. Click on ‘Add Liquidity’.

1. You will be directed to polygon.curve.fi where you will acquire the LP tokens. Initially this page looks as follows:

1. Note, all three of the stablecoin values displayed vary. At this point it is suggested that you check your Metamask wallet and determine the value of the lowest stablecoin held out to 4 decimals. For the current example, this is USDT with a value of 3.0652.
2. To purchase the LP token on Curve, there must be an equal value of all three coins submitted (balanced proportion). Accordingly, delete all three currency amounts initially displayed in the three blue boxes for DAI, USDT, and USDC and replace the value with the lowest value of the three stablecoins held in your Metamask wallet as discovered above (in this illustration we have deleted the three values and replaced each with 3.0652):

1. Click deposit and approve transaction plus pay gas in Metamask:

1. You will know that you have correctly followed all these steps to this point if after clicking ‘Deposit’ and approving in Metamask, you see the following alert at the top right side of the Curve.fi screen page:

1. Curve.fi does not notify you when it has completed minting your LP tokens. But after 30 seconds or so return to the PolyCub Kingdoms page. Under the DAI/USDT/USDC LP Kingdom you should see the LP tokens under ‘Deposit’:

1. Click ‘Deposit’. In the pop-up click ‘Max’ (if you want to deposit all of your LP tokens) then click ‘Confirm’ (both being the orange buttons on the following photo):

1. Finally, approve the deposit in the Metamask pop-up and pay the gas fee - and you have successfully added DAI/USDT/USDC LP tokens to this Kingdom.

Final Thoughts

This seems like a long drawn out procedure to follow to add to this valuable Kingdom. Nonetheless, the directions above are easy to follow and the whole process the first time around should only take you a couple of minutes.

This is a wonderful offering by the team at Cub. Not only do you have the safety of an established and trustworthy team behind the project, you have a high yielding Kingdom using stablecoins protecting you from impermanent loss and loss of significant value in these uncertain times.

If you have not considered the DAI/USDT/USDC LP Kingdom as of yet, give it a look for inclusion into your investment portfolio. It is a given that every individual investor possesses a different present financial circumstance, tolerance for risk, and investment strategy. These must be weighed in light of the factors and information above provided in finalizing any investment decision. Accordingly you as the potential investor must make the final investment decision that is appropriate for your individual circumstances and in your best interests and invest at your own risk.

The foregoing is for educational purposes only and should not be considered investment advice. Any potential loss you incur from investing in this LP Kingdom is yours and yours alone and may not be imputed to this author.

And please, never invest more than you comfortably can afford to lose. Good Luck!