This @Leofinance Tweet is Making me FOMO in on $LEO and $BLEO.

in LeoFinance3 months ago (edited)

As of 19 hours ago, the LeoBridge status has been upgraded to the "soonest of soons" status meaning it is about to be launched very, very, veeeery soon and all you can do is get excited about what it potentially brings to the Leofinance ecosystem.

Not only will it make it easier for people to cross over from the Ethereum chain to the BSC network, but it also generates more fees on the CubFinance platform which will be used to burn both CUB and LEO.

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That is fantastic but that is not why I am buying up as much LEO and BLEO as I can manage.

There are three lines that I have highlighted in the Leofinance Tweet that got me excited.

As liquidity for $WLEO and $BLEO deepens, the cap will be raised
The price of LEO will play a major role in LeoBridge viability.
Higher LEO price = larger swap cap

Allow me to make a bold prediction.

What is immediately discernible from this tweet is that to support large transaction volumes via the LeoBridge one thing that has to also increase is the liquidity pools for both $WLEO(Ethereum Chain) and $BLEO(BSC Chain).

Without that, it will be difficult to scale up the activity on the LeoBridge.

The other benefit of growing these two liquidity pools is that it helps in stabilizing the prices of those assets, therefore, a more stable LEO price.

So, how do we grow the $WLEO and $BLEO pools?


My prediction is that once the LeoBridge is launched there will be a need to offer LPs an incentive to lock up their assets in both of these pools.

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Could we possibly see the multiplier on the BLEO-BNB pool get a boost at the expense of a less active pool as well as a promotional ZERO deposit fee on CubFinance?

Could we see something similar on the Ethereum network as well for $WLEO?

If the answer to those two questions is yes, then what could follow is an increased demand for cheap LEO from the market and if demand doesn't meet that supply effectively, the price of LEO could break the all-time high or at the very least cross back over $1.

In the long term, a couple of things are happening.

  • LEO is locked up in liquidity pools as WLEO and BLEO.
  • Fees used on the LeoBridge are used to burn LEO.
  • Increased prices might encourage people to hodl.

All these things will cause scarcity for the token which will help increase the price of LEO consistently and who knows we could have the first second layer token that moons.

Conclusion


As I said, this is just a prediction. Who knows what craziness is brewing at Leofinance HQ. We can only read between the lines and try and predict what is going to happen and hopefully get to the moon.

Alternative thoughts, theories, and delusions of grandeur will be appreciated in the comments below. 🦁🦁

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Hoping for more investments in cub. I am still hodling and had invested more. Although there are fomos in other such projects, I still believe in Leo because it has risen from Hive investors and will still be here in the long run.

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Exactly. There are definitely some good opportunities around but nothing beats good old TRUST! Plus, nothing beats investing in a project you are intimately involved in.

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$10 would be mind blowing

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That is lambo money...Shame I can't drive one to the countryside without scratching up the undercarriage.

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Buy a chopper as well. Then fly the lambo out there, take pictures with it, and then fly it back 👍

Here's a delusion for you: What if LeoBridge, Kingdoms and Project Black would all get released on the same day? ;)
(I completely expect the releases to be spaced out for PR purposes...)

In any case, I think the LEO token has been flat in price for rather long, which is strange given the many new developments and recent growth of the community. So stacking it up does sound sensible to me as well :).

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A lot of people are selling their Leo to bLeo, hence LEO price decreases.

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Actually, I think converting Leo to bLeo doesn't affect the price, as every bLEO is backed by a LEO :).

Then why the price decrease? People selling Leo and buying BNB?

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That is very well possible, but personally I think it's people unstaking and selling LEO to buy CUB. A lot of money has been flowing into that after all.

I don´t think so. If LEO would be primarily sinking because of trade against CUB, CUB would rise, but CUB is also sinking. I think the non-delivering of the overpromised LEO bridge, project blanc,... has made some nervous and also people are trying to participate in the immense BNB pump of the last days.

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Exactly. Don't take my word for it, but I think converting LEO to either BLEO or WLEO burns the native token or simply, that LEO is not liquid anymore.

Here's a delusion for you: What if LeoBridge, Kingdoms and Project Black would all get released on the same day? ;)

On this we can both agree would be crypto heaven but alas, that ain't happening. You cannot fish the entire ocean with a single bait. :(

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Why do I find this post so sexy?

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Must be the thicccck dollar signs impairing your vision ser!

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I just hope it doesn't go up too fast I'm still accumulating leo.

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It happens all the time. Every time it gets exciting, it's almost always too late. :((

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Increasing $WLEO and $BLEO pools definitely has a positive effect on price as this supply is not available on exchanges. The key reason DeFi tokens boom, we are entering what I can only describe as the golden age of DeFi.

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as this supply is not available on exchanges

Interesting. I have never thought of this that way. However, I would imagine once the project matures it would be ideal to expose the token on exchanges to draw in more investment like $CAKE and $RUNE.

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Who knows what craziness is brewing at Leofinance HQ.

Super bullish on $LEO & $Cub

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We are just getting started nathan.

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I am looking forward to this in order to put constant buying pressure on LEO and CUB. We need it as well as some whales moving assets and joining us for this journey.

Let's stay positive and hopeful.

Leofinance has always underpromised and over delivered so let's wait and see :D

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If there is something I have learned over the past 4 years or so on Hive is that patience is everything. I personally didn't expect LEO would ever get here since the time it was a tribe token. A massive shame I never bought it up then.

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very good

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Thank you ser! :)

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What this will do is to grow, and new news will surely come that will have a very positive impact on leofinance-related projects. Excellent post, by the way some of my favorite pairs to add liquidity in BLEO and BNB.

Financial Markets Analyst
@lenonmc21

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Much appreciated ser!

I am actually more excited about #projectblank. That is what I will actually use the most, obviously because I am not on the Ethereum network so that I can switch over to BSC. I love the direction Leofinance is taking.

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Excellent, we know you are working very hard and I am very excited about that.

Financial Markets Analyst
@lenonmc21

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As you say it is only a prediction according to what you have been appreciations and it is clear that anything can happen so it is always important in this world of finance and especially cryptos, tokens and everything related is; we always have to be touching ground to maintain the good health of our economy ....

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Sure, anything can happen. This was an shot in the dark and just preempting it. Who knows, I can double my investment if this works out.

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Yes my friend @deniskj that would be perfect and I wish you many successes....

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If a pool is greatly under performing I see it being removed and the rewards instead being given to something like bLEO-BNB. I don't see much of a reason to keep around a pool that's not really getting any action. Once the bridge kicks in and swapping between Ethereum to Binance starts happening I can see that being a very real possibility.

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I have a feeling that will be the case. The LeoBridge is a cornerstone development and will need incredible support to make it the first among many. To achieve that the bleo-bnb pool has to become significantly attractive.

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I am looking forward to the launch of the bridge and greater CUB and LEO adoption:)

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There is one way to prepare, buy and hodl CUB and LEO. :))

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I wonder if you have CUB should you put it in the Den, or farm? tough choice..

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I was struggling with this choice too. I choose to stake it in the Den despite the lower APR because the benefits outweigh the negatives. ie. taking advantage of price pumps, avoiding impermanent loss, cutting most of the fees involved in harvesting, swaps, creating LP tokens and staking when using farms.

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Me too! I still have very high hopes for everything Leo. I think it's taking them some time to get LeoBridge released, for obvious reasons. And it'll take a little while for the world to catch on. It'll happen soon, though.

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It is a very complicated mechanism behind the bridge if you have seen the flow chart. So many fees involved and I believe the leofinance team want to simplify it as much as possible so that you get what you expect from a users perspective.

I am very, very excited about it.

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I think we need something that you can only buy with CUBs.

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Hmmm...what would that be?

I know at the moment you can buy splinterlands credits with CUB and that has been a massive help for me recently upgrading my cards.

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Very informative and interesting point of view on how this will all play out. Hopefully, CUB and LEO surpass your expectations. Yes, great stuff man. Have a !PIZZA. :)

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Thank you, Juan.

The goal right now is to accumulate as much cheap CUB and LEO at the moment and just wait. Having a long term mentality is something I recently discovered is the best tool to have when it comes to crypto. HODL! HODL! HODL! :)

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Welcome, man. It's just about the right time to accumulate CUB and LEO too. I agree with you 100% on this. Have a great day!

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Wow, this sis great news and I know it is a prediction as you have said but we have to keep hope alive and see whats happens next. Thanks for sharing @deniskj

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Thank you for stopping by.

I am really looking forward to this new development. Hopefully it is to the moon from here. :)

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I'd say now is the time to FOMO! ;)

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All the major developments are launching within days. Kingdoms in particular will be great for people who are looking to compound and generate more CUB. Sweet!

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I'm really excited about Kingdoms as well. We still have a great opportunity to stack up on CUB while the price is still low!

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100% agreed. I am watching the price of CUB dropping slowly and all I am seeing is an opportunity to buy up so more and just stake. We will be back up to $3 in days for a quick profit.

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