Polysec
Polysec was a great success from the beginning, in one month around $2M was locked in polygon, and had given its investors wooping returns of 2000% in 1 month!.
After its success, the team is back with another project Polysec.Pro. You can read all about Polysec from here.
Polysec Pro
The new version is Polysec on steroids. There are some inviting changes from Polysec, that we need to discuss.
New GUI
The new GUI is pretty amazing. Just look at that and you will find the difference.
New Lottery System
Lottery system allows you to earn additional yield. Here is how it works.
- One lottery ticket costs 5 MATIC
- You can buy 10 Tickets max per cycle, ie total cost is 50 MATIC per cycle.
- Each cycle resets when 50 tickets are sold.
- After each cycle 5 winners are selected and price is distributed from the total lottery pool, according to below table
You will earn additional 0.002% yield on you deposit for each lottery you purchase.
Reduction of plan day's length
With each 24 hours 0.2 days are reduced from the base days remaining. For example Plan 1 ending is currently 13.2, which is reduced from initial 14 days.
Change in Minimal Deposit
Minimal deposit has been changed from 10 to 20 MATIC.
The two investment strategies which make PolySec attractive
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Capitalization of interest plan
Plan 4,5,6 comes under this category. Here your capital is locked for certain days as per plan details(Example: Plan 3 capital will be locked for 14 days)As returns are compounded and as there is a 0.2% increase in daily interest rate, the return will be higher compared to the other set of plans. If you want, you can withdraw 50% of the stake but the rest goes back to the pool. In this plan, the profit for a new deposit will increase daily, which will be explained in the calculation section.
-
Withdraw any time plan
As the heading says in this plan, the staked amount can be withdrawn at any time. Plan 1,2,3 comes under this tag. But staked MATIC cannot be unstacked after withdrawing profit/interest.
Calculations
Let's consider initial investment is 1000 MATIC, and we are considering 14 days plan 1 and Plan 4
- Plan 1
Initial investment 1000MATIC.
Daily Profit 8.424%
Total return in 14 days 117%= 1178MATIC( note this is not profit. Its initial investment 1000MATIC plus a profit 178MATIC.). - Plan 4
Initial investment 1000Matic
Daily Profit 8.424%
Return in first day 1000*8.424% = 1084.24MATIC.
Profit increase per day = 0.3%
Return in second day 1108*(8.424+0.3)% = 1204.66MATIC
Total return in 14 days 320% = 2102MATIC( note this is not profit. Its initial investment 1000MATIC plus a profit 1102MATIC. ).
Referral Income
You will get 6% from each of the referral deposits . Which is another bonus.
5% from each level 1 referral deposits
1% from each level 2 referral deposits
1% from each level 3 referral deposits
AUDIT
Audit is done by solid key, and the results are positive.The important thing to notice is that Polysec owners cannot rug pull the total deposit! Which is a relief.
Key Finding in SolidKey Audit:
- Critical issue= 0. Critical and harmful bugs, and vulnerabilities which enable theft of fund and lock of the fund is zero.
- Bugs, Error, and warning = 0. Bugs which negatively affect performance, security issue, etc are zero.
- Optimization = 1 Method to decrease gas fee in the smart contract.
- recommendations =0 Hints and tips to improve contract functionality and trustworthiness(Meaning its already trustworthy, no recommendation from Solidkey side
- Data processing Errors: 0 No vulnerabilities in the smart contract and no codes to save unnecessary data.
- Bad coding practice: 0 No No vulnerabilities in the smart contract.
SolidKeys conclusion is given below.
Conclusion
Even though I am not a financial advisor, I am seeing good growth in PolySec finance, the growth they made from polysecs 45-40 days are impressive. The community support is also good (personnel part of their telegram channel) and the admin is active in answering questions proactively.
The positive audit from SolidKey is also a great push for this relatively new project/concept.
Please make sure to do your own research before investing in any projects.
Website: https://polysec.finance/
Twitter: https://twitter.com/polysecfi
Telegram: https://t.me/polysecchat
