The Price Of LEO Has Only Begun Rallying
Only 1-2 weeks ago, we saw the price of LEO at around 14-17 cents. It's already evident that the relaunch of wLEO on Uniswap has caused the price of LEO to go up.
If you take a look at the new wLEO/ETH pair on Uniswap, you will see how the liquidity is steadily increasing:
Bear in mind that the Geyser distribution model of liquidity provider rewards heavily favors a) early liquidity providers and b) long-time providers who keep providing liquidity to the pool uninterrupted for a long time. The first snapshot of the pool will be taken in roughly 27 hours. It is recommended that you add liquidity to the pool sooner than later. :)
You can find instructions how to do it here:
https://leofinance.io/@leofinance/wrapped-leo-is-now-live-or-how-to-wrap-swap-and-add-liquidity
Front running larger investors considered a good idea
The reason I said the price of LEO has only begun its rally to previously unknown heights is this: the Uniswap wLEO/ETH pair far from being the only one in the cards. The Leo team is planning to add liquidity pools to many other chains as well. I remember them talking about Binance chain. If you load up on LEO now, you are not likely to regret it (not financial advice, only you know your own financial situation). Front running all the new capital looking forward to yield farming on Leo by providing liquidity, which is the easiest way for investors in the larger cap cryptocurrencies, buying Leo miners or curating content on LeoFinance seems like a really good idea. We are in a privileged position because we are in the thick of things and have priority access to the tokens as Hive and LeoFinance users. With the Uniswap pool now in the picture and more pools being added in the future, the price of LEO will be disconnected from the price of HIVE and tied to the price action of large cap cryptocurrencies.
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@markkujantunen, Absolutely looking like Leo Price is racing. But most important aspect is boost of price is backed by the actual developments, new integrations and community participation. Stay blessed.
Absolutely true. However, the liquidity pools on major DeFi platforms are an important part of the recipe for growth.
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Sounds true.
I was going to try and wrap some LEO yesterday, but it was going to put me in a negative position because of the ridiculous GAS fees. It would be cool if they started wrapping tokens on EOS. It is so much cheaper and just all around better.
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Wrapping LEO on Ethereum is not for small sums. Binance chain will be much cheaper to operate on. Its consensus mechanism is non-PoW:
https://docs.binance.org/smart-chain/guides/concepts/consensus.html
Binance Smart Chain won't be the last of LEO's other pools.
One other thing worth mentioning is the upcoming ability to wrap Bitcoin in a decentralized fashion on Thorchain. That will lend it higher security enabling Bitcoin holders to gain access to wBTC in a secure manner and use it to yield farm in various ways. Many large LEO stakeholders have large BTC reserves which they will no doubt put to a good use on Leo. Properly marketed, I'm sure other BTC holders can be attracted to Leo as well.
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Sadly small sums is all I ever have. I try to avoid Binance like the plague after the whole STEEM thing. Disgraceful!
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I'm sure pools on other chains will be added.
My forecast is that we will see a $1 LEO by the end of the year and a +$0.3 for HIVE. LEO has already the advantage of WLEO to push harder.
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Sounds like a credible prediction. Although whether it will come true depends on how successful Leo will be at attracting yield farmers from outside the existing community.
I know it's not that simple and it won't definitely happen over night.
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7 weeks is far from 'over night' ;<)
very manageable.
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The time flies in here it really feels like over night.
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It sure does. Although I feel time is playing tricks on us in 2020.
Time and governments 😁
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It sure does ( and so does Bitcoin atm )
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Wish I had a huge stack of LEO to put into the pool. I'm still newbie and don't have the spare funds (really more permission from the wife) to purchase some crypto to put to work. Good luck to you and the rest in this new adventure. Seems like a as close to a sure win as you can get.
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It's very exciting to see these developments, and I'd definitely agree that "we've only just begun." I just hope people remember to take a longer term perspective and keep in mind that there's more to all this than the immediate "When Moon?" feelings. With patience and diligence, LeoFinance could easily become a model for others to follow... well, I guess it already is!
=^..^=
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It is. But the real challenge will be to onboard large numbers of people from outside the Hive ecosystem. We already know what a fantastic deal using Leo is but the others need to be convinced.
This is extremely well said let’s jump in first we are on the bottom floor see you x10 floors.
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Well, I'm glad some of my buy orders filled on LEO dex when they did - I don't have enough Leo to make it worthwhile to provide liquidity from what I heard and in my interactions with some of the LEO team so just going to read, vote, comment and create to build up my pot (and try to nab some LEO on the exchange too before things get ridiculous)!
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I don't think liquidity provision is indispensable if your goal is to grow your stake. It's just one of many ways to do that. Besides, there will be other pools in the future. Fees on Ethereum are ridiculous at the moment but I wouldn't expect them to be on Binance chain or other non-PoW chains.
Yes exactly, there's a lot of options at the moment to grow stake and from what I've been reading from the official LEO accounts, there will be other ways coming in the future but I'll stick to what I know for now.
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Although my goal today is to build my stake, it is good to see leo toke rally. I am super bullish on leo. It is from a hive token to a multi-chain token.
so tempted to powerdown and buy some leo. It is just too irresistible at this point
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Why powerdown when you can earn it...
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Powering down is quicker.
From what I know it's four weeks on LEO.
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He was talking about powering down HIVE, which is 13 weeks. But powering down and investing in LEO is quicker than just investing what one can earn from curation.
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The faster I get to my goal, which is 2000leo staked token, the better. All my effort currently is geared towards that. Might not get it this cheap in a couple of months.
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Go get it then.
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