LeoFi Is Going To Leo To The Next Level

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(Edited)

We are all excited about the microblogging application lovingly named #projectblank, there is another aspect to the platform being worked on that could really take Leo to greater heights.

The key with the microblogging application is that it is an on-ramp for users. In other words, this is meant to bring people to Leofinance and, hence, Hive. However, that is just the starting point.

While many will use the microblogging application and nothing else, there will be others who search around at what else is offered. Presently, we know the long-form blogging is available for those who are more serious content creators.

Nevertheless, the world of DeFi is starting to rage. This is another area that Leofinance is looking to leverage. We see the success that Ethereum had with this, something that LeoFi could look to replicate to some degree.

The Leofinance team posted a screenshot on Twitter of the home page of LeoFi.

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This shot does not tell us much and opens the door to more questions than answers. However, it does give rise to some decent speculation. Never one to shy away from that, let's give it a try.

We can see the first entry after home is Leasing. The only thing I can think of is that we will see this apply to leasing of Leo Power. This could be similar to how things work with DLease for those familiar with that application.

However, does it only apply to Leo Power? Could this also apply to Hive Power? Many have asked about the prospect of dealing with Resource Credits once the microblogging application is live. This is just guesswork on my part but LeoFi could also offer the service for HP as well as LP.

We also see some type of pooling. Once again, the word stake is in there so I am led to believe this is for LEO. The idea of liquidity pools using LEO is very interesting and certainly apt to increase demand for LEO. This is similar to how Ethereum liquidity pools work. Any ERC-20 token can have a LP as long as an equal amount of ETH is placed in the pool. We could see a similar feature on Leo. Perhaps we have a BTC/LEO pool with some form of "wrapped" (or whatever it is called) BTC put on the platform.

The next entry is "Lending". This is nothing that comes as a shock since, in previous posts, it was mentioned that LeoFi having lending features was going to happen. This means we could see something similar to Compound, once again, using LEO as the basis.

We also could end up seeing some cross-chain integration with LeoFi. Perhaps other tokens will be available on the platform, as well as the DEX that is being created. We are not sure how "open" this will be, meaning it might be Leo only or there could be tokens from other projects.

There is already integration with Ethereum since the wLEO token is easily converted to LEO. Thus, the Ethereum-Hive (Engine) connection is in operation. Once LEO is on its own sidechain, the connection can be extended to other Ethereum based tokens if that is what is desired.

Also in question is how much will there be a setting up of new opportunities on LeoFi versus accessing what is already out there? wLEO is a prime example of a pool that is live and would feed into this application. However, does Leofinance get its own liquidity pools that are based, as mentioned above, on LEO?

Whatever is included in the application when it is released will only be the first version. We know there are updates set to follow once this comes out. LeoFi is a project that will evolve throughout 2021, so we will only get a barebones taste to begin with.

Nevertheless, this shows us what direction things are heading in. Over the next 6 months, expect the opportunities within the Leo ecosystem to explode. Even taking a miniscule percentage of what Ethereum got with DeFi, we will see some big numbers on LeoFi.

As always, it is vital to remember this is all feeding into the same trough. Anyone holding LEO is going to benefit from what is being constructed even if DeFi is not one's thing. It will create even more demand for the token which could further enhance the totality of the ecosystem.

What are your thoughts on this? How do you see this screenshot and is there anything I missed?

THIS IS SPECULATION ON MY PART AND IS NOT A REVELATION FROM THE LEOFINANCE TEAM. ANYTHING CONTAINED IN THIS POST IS MY OPINION WITH NO GUARANTEE THAT IT WILL HAPPEN. DO NOT READ THIS TO MEAN THAT IT IS AN ANNOUNCEMENT ABOUT THE FEATURES LEOFI WILL HAVE.

If you found this article informative, please give an upvote and rehive.

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64 comments
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LeoFi is super super exciting!

listening to the Leo Roundatble #32 right now.

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A lot of insight on that show.

We will see what rolls out over the next couple weeks. It is always fun trying to guess what is taking place.

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Once LEO is on its own sidechain, the connection can be extended to other Ethereum based tokens if that is what is desired.

Very excited about this possibility. And if trading Other Leo/ETH and ETH based token pairs would be possible for trading even better. I personally would trust an exchange backed by the LeoFinance team more than any other exchange right now.

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I would think it would have to be some form of a wrapped ETH token but I could be wrong.

There are a lot of interesting possibilities that will start cropping up. Having a DEX certainly makes things interesting.

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As long as the DEX is maintained properly and stays interesting. WAVES DEX was also very popular for a while, but when I return to it now, it's a wasteland in terms of trading volume.

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Bang, I did it again... I just rehived your post!
Week 42 of my contest just started...you can now check the winners of the previous week!
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Can't believe how Hive & Leo can be such undervalued... I don't even want to compare with hundereds of copy-paste projects listed on the first or second pages of the market lists😑

Leo is proving the extent at which a project can reach. I feel "lucky" to witness and support all these great products of Leo and Hive hand-in-hand.

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No doubt about it. There are a lot of tokens out there that have nothing going on with them yet have a much higher marketcap. This will not be the case forever.

We are going to see a massive explosion over the rest of 2021.

A lot of exciting things coming out.

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We are indeed lucky . Pile up those LEO and HIVE while it's cheap. Many don't realize but we are the early adopters

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This UI is freakin beautiful! I'd love to see it applied to the micro blog application. Leo Finances is pretty decent as well but maybe could use a update? Overall excited for the project. Microblogging via Twitter was something I hit heavy on last year and feel like I could bring a lot of people over.

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Especially since it will essentially be a Twitter UI if people choose to operate it in that capacity.

So their "tweets" will still go out, just be in the blockchain.

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Nice, it would give people more options to use their resources in HIVE. My question would be how they treat non HIVE engine tokens. Are we expecting people to transfer ETH and give them back SWAP.ETH? Then they are freely able to transfer within the system and when they withdraw, we change it back to the token they want? Seems a bit complicated but I wish it comes back clear for everyone involved.

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Eventually LEO and whatever the MB token is will leave Hive Engine and be on their own DEX. Not sure it if will be open to other HE tokens or not.

As for the ETH, their would have to be some form of wrap/swap token. We will see how that all works out.

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Oh I haven't thought on this until now... If LEO keeps growing it will place it's own ecosystem... But then how things like LEOM will evolve? They would move to that new "LEO Engine"?

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i really really am very anxious about this micro-blogging experience...after noise.cash i believe we will definitely move to LEO microblogging and the whole project is gonna BOOM...what i can say for sure is that LeoFi gains my respect day by day by showing signs of stability...
...who knows.....lets see!

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I have a feeling it will make noicecash look small.

Plus I think this will entice more than just those seeking rewards. It will be more for people looking to protect themselves from censorship and account closure.

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what you say is even more thrilling...i feel very lucky i got involved with LEO very early....i only wish i had been more loyal to the platform...@trumpman got us all involved and i really thank him for that...
....you have stated in your post that all that you say is your opinion and doesn't mean that LeoFi will eventually make happen all of this but i have a feeling that you know something more than everybody else...i'm following and upvoting you for a long time now,so i can realize that when you say something you don't speak nonsense ....thank you for this @taskmaster4450le

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I do a lot of dot connecting based upon what is put out there. Khal reveals a lot of one pays close attention. He wont outright say something but he does dance around some things.

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There is already integration with Ethereum since the wLEO token is easily converted to LEO. Thus, the Ethereum-Hive (Engine) connection is in operation. Once LEO is on its own sidechain

Will leo stand apart from hive chain or integrate hive chain with ethereum. One of the big problem is higg fee of ethereum chain. I hope with the release eth2.0 there will be more opportunities because eth2.0 promise to be low fees. Small investment in eth is not productive because the fee is too high.

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Well it wont integrate the two chains. What it will do is provide DeFi using Hive as the underlying chain instead of Ethereum. Thus the ETH fees go away.

But it will have to be its own DeFi projects, it wont take the ones that exist on Ethereum and move them over.

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I don't know why, but as I read this publication, my mind goes, "Buy Leo, Buy Leo" and keep increasing my Leopower. Together we will grow with all the new things that come to Leo.

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Will the LEO token still be available on Hive Engine once LEO's second layer engine and LeoFi is running? Sorry if my question is confusing.

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There might be a swap leo type token.

I am not sure how that will work but I will guess they will not want to abandon the exchange. It is, after all, a way for people to buy Leo.

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After reading that i know the point is the more staking the more benefit to us.thankyou for the explanation about Leofi :)

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Maybe a hunch from the UI but will we see some Synthetix LEO (sLEO) ? :)

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It would be a smart thing to do. I havent heard of any discussion about that but I think that would work.

The only issue with the synthetics is that you need the activity (volume). If Leo can tap into that via the microblogging app, then it might have a ready made market of people who will use their tokens to buy synthetic assets like stocks.

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Worth noting that only staked Leo will be eligible for the project blank airdrop. Holding Leo does not count.

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Congratulations @taskmaster4450le! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

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Looking awesome! And I'm excited about the micro-blogging platform too. Some beautiful times ahead! Thanks for the morning read and have a fantastic week ahead!

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I am really excited having the opportunity to get involved with more erc20 coins on Leodex in whatever form they are. No disrespect to Hive Engine tokens but being able to access other tokens is a great opportunity and one I have been hoping for to happen.

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I'm just happy to see a project working towards an increase in demand for the token. Unlike Hive that literally begs one to dump, Leo sort of makes me not want to sell because there's always something brewing in the backburner.

I hope this will have some positive impact on Hive, particularly when Leo inevitably becomes very expensive, so people have to buy up a large amount of Hive to get into the Liquidity pools and all that stuff.

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Well the simple fact that all of what they are developing is going on Hive, that will push the need for the token since every action requires RC credits.

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Really, LeoFi is another big thing that would happen to the Hive blockchain through the LeoFinance end. Let's keenly watch what'll unfold.

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I'm more open to seeing how things evolve. I am big on trying new things and developing the Leo community.

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I think you are right,there are more questions than answers at this point. One thing for sure is that these are some exciting times and I'm glad people are capitalizing on the opportunities coming available.

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Lending is something that I'm most excited about since power leasing has been around for months or years now.

I have never experienced lending in Defi projects, and so I'm curious how will they integrate it to the Leo token or even Hive tokens.

Will I be able to borrow Leo using HP as collateral?

Or borrow ETH using Leopower as my collateral?

So many questions that I wish to learn the answer soon ;)

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This really could be the catapult, I mean around 75% of the coins in the top 200 seem to be pure finance coins.

There seems to be no limit to the demand for them.

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Cross chain integrations are one of the best way to get more users onboard. You only have to sell them @leofinance When it comes to the everyday population, most of them are convinced about altcoins. Brave Ads will be a no brainer option when everything get released.

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