Posts

Why I'm Not Providing the Liquidity For Now

avatar of @bagofincome
25
@bagofincome
·
·
0 views
·
2 min read

Although there's a great opportunity for us to wrap our LEOs and put them in the liquidity pool, I'm missing it for now. Not that I'm scared that something unexpected may happen, I just don't have enough liquidity to provide. In other words, I'm a poor lion that still needs to fight its way up.

I'm going there. Slowly but consistently.

Working every day to get into this kind of pool but until then I have to tell you why I haven't joined the pool yet.

Fees. Those Damn Fees!

ETH fees - it's the number one reason why I'm not participating in the liquidity providing. I'll probably lose more by paying fees than I'll manage to make with a small liquidity amount. For me, it's better to keep creating content until I have enough LEO to wrap.

What is Enough?

I think you should provide at least 5000 LEO for it to make any real profit. I may be wrong but playing with small amounts can only lead you to frustration when you're losing crypto for all the transactions. Until I have at least 5000 spare LEO and 2 ETH, I won't go into this adventure. I'll keep powering up my earnings and hopefully reach a point where my vote is worth at least 1 LEO.

Providing Happily Ever After.

To those who have joined the WLeo pool - congrats! You are real players and I'm honored to share this platform with you! I know that if we work together, we'll reach new heights for both LEO and HIVE! Collaboration is the key to success as many have said before me.


Thank you for reading and have a wonderful weekend ahead!


Read about more ways to earn: Torum - being an early adopter Collaboration is the key My Blurt Experience

Photo by Jie on Unsplash

Posted Using LeoFinance Beta