This is one of those applications that, if it catches on, it will be wildly successful. It is potentially targeting a very large audience.

I'm very worried about the fees associated with the bridge.

Over the weekend, someone mentioned the ETH fees were $77, compared to about 40 cents on BSC.

ERC-20(ETH)--->wLeo--->LEO--->bLEO--->BEP-20(BNB)

Due to liquidity issues it actually looks more like this:

ERC-20--->(ETH)--->wLeo--->LEO--->bLEO--->(BNB)--->BEP-20

G-Damn... that's a lot of fees...

• unwrap wLEO fee
• wrap bLEO fee
• 0.25% bridge fee
• 0.3% Uniswap fee
• 0.3% Uniswap fee
• 0.2% Pancakeswap fee
• 0.2% Pancakeswap fee
• Two Ethereum transactions bundled into one on router
• Two BSC transactions bundled into one on router

Technically 11 fees to use the bridge one time.

Just did the math of the bundled transactions... You don't get that good of a discount for doing two things at once. Maybe 20% discount...
Looks like it's going to cost like $200 just to use it one time.
Yikes.

Binance tokens are not supported in the United States making it a challenge for people in that country to convert their stuff over.

This is the thing I may be greatly underestimating.
There could definitely be some ragequit action that breathes life into the bridge.

In fact, a higher [LEO] token price is almost necessitated.

I was thinking about this in terms of CUB price as well.
Imagine CUB goes x10... Now the APR on the bLEO/BNB farm just went x10. How much LEO gets purchased to capitalize on that?
Quite a bit.

Posted Using LeoFinance ^Beta