Posts

Friday Finance 11/12/2021: Do we need PLEO?

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


It is time again for another Finance Friday/Friday Finance. This is a series I started where I talk about random bits of financial stuff that I have seen, gathered, or experienced during the week. I hope as a reader you find it informational, entertaining, or both. I also hope it can generate some good discussion and edify the Leo community.

I promise this is going to be a really short post today. I mean not so short that it could be considered a crap post, but the fact is, I am writing it on Thursday because I am likely on the road driving as you are reading this. Since I already wrote an awesome Thursday post about Splinterlands cards, I am a bit tapped out creatively right now.

PLEO ???

So this is it, my one big financial thought for the week. If you are familiar with CUB Finance, you likely know that when it was launched on BSC, the LEO team made a bridge so you could move LEO on the Hive Blockchain over to BLEO on the Binance Smart Chain. I am guessing this was an easy to way start providing liquidity over there and to give people something to pool with BNB or BUSD to earn CUB.

Feel free to correct me if I am wrong. I am sure there is a more technical reason that is way over my head.

The LEO team made an announcement a while ago that they would be launching a DeFi project over on the Polygon blockchain. We more recently have begun to get more info on that, but ever since the initial announcement there has been lots of talk among the community about PLEO. What many of us assume would be the LEO token on Polygon similar to BLEO on BSC.

After reading the info about how they are going to handle the airdrop for the CUB token on Polygon, it got me wondering if PLEO is even going to be necessary. Sure, people may still want a way to get funds over to Polygon, but they could easily do that with CUB.

So I guess my question/point is, do we need PLEO if we can just use CUB?

If PolyCUB were to follow the exact same model as CUB, then yes, there would be a PolyCUB token just like there was CUB and there would be a PLEO, just like there was BLEO.

I'm just wondering if the DeFi platform hasn't evolved past that and PLEO may not be necessary.

Just some thoughts I have been kicking around. I will be the first to admit, I am every bit a DeFi noob, so perhaps I am overlooking something. Perhaps @khaleelkazi will come swooping in with a comment that is way over my head to set me straight. Perhaps he will simply tell me all of my questions will be answered "soon".

What do you think? Will PLEO be necessary?


source source


Sports Talk Social - @bozz.sports



Posted Using LeoFinance Beta