PolySec Finance

New king of Polygon Finance is here-PolySec

By Dileep Kumar | theguywhowrites | 10 Jul 2021


Return from traditional Polygon DeFi is going down.

As we are entering the bull market, returns that we used to get previously from traditional Polygon investment platforms are going down.
Those juicy returns that we got from AAVE and CURVE are no more.

The collapse of IRON-TITAN and recent Rugpulls are causing FUD in the Polygon community and they are reluctant to invest in Polygon Farms.

Polygon farmers/Investors are trying to move to other DeFi ecosystems or searching for new strategies.

Holy Grail of Polygon Defi is here.

What if I say the search for high yield investment is right under our nose and you can stop your search. This investment strategy will give you up to a total return of up to 1078% in 35 days! That too with stability in interest rate! Enter PolySec world.

Launched on 30 June, a deposit of 34,154 MATIC is already in PolySec, in just 10 days and still growing!

The below chart shows the current total return in different PolySec investment plans.

feb522a1d3091c0e6c5665c952c9f172e5042912062c01bcab2a100004c1046c.png

The two investment strategies which make PolySec attractive 

  • Capitalization of interest plan

Plan 5,6,7,8 comes under this category. Here your capital is locked for certain days as per plan details(Example: Plan 5 capital will be locked for 14 days)As returns are compounded and as there is a 0.3% 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 In this plan, profit on staking can be withdrawn at any time.
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As the heading says in this plan, the staked amount can be withdrawn at any time.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 1,2,3,4 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 5

  • Plan 1 
    Initial investment 1000MATIC.
    Daily Profit 10.8% 
    Total return in 14 days 151%= 1510MATIC( note this is not profit. Its initial investment 1000MATIC plus a profit 510MATIC. So actual profit is 51%).
  • Plan 2
    Initial investment 1000Matic
    Daily Profit 10.8%
    Return in first day 1000*10.8% = 1108MATIC.
    Profit increase per day = 0.3%
    Return in second day 1108*(10.8+0.3)% = 1230.98MATIC
    Total return in 14 days 320% = 3200MATIC( note this is not profit. Its initial investment 1000MATIC plus a profit 2200MATIC. So actual profit is 220%).

Referral Income

You will get 6% from each of the referral deposits . Which is another bonus.

How Polysec gives such high returns

ROI is given as new investors stake more amount the pool. This is a High-Risk High Reward investment. Here are the details from SolidKey Audit: e6c8896ffc9d3201c722db673815aefb951531c1310410d32630953de34322ce.png

 

SolidKey Audit Result on PolySec

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.

bd77206ca827e254cab38e8d5ecce095b2239ea653905accd834c586d85fa64d.png

Overall SolidKey's findings are very positive.

 

Conclusion

Even though I am not a financial advisor, I am seeing good growth in PolySec finance, the growth they made in the last 10 days is impressive.
I am taking note of this growth from the first day itself and seems to be going in the right direction. 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

Reddit: https://reddit.com/user/polysecfinance

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theguywhowrites
theguywhowrites

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