Posts

avatar of @jk6276
25
@jk6276
·
·
0 views
·
2 min read

I completely understand your perspective on this.

Where I am coming from, is the Liquidity problem (being easily accessible quantities of LEO available for potential investors) has been solved - yes, however all those funds ($1 million worth) isn't really generating any fee income. There has been three trades on the WLEO/ETH pool in the last three days, totaling around $2000. A second pool, with a different pair, would open arbitrage opportunities that would increase the frequency and regularity of trading on the pools, and thus fee income for the LP'ers.

The main dev time would be working out the Geyser issues and so on for this. Actually setting up the pool is something Khal could do in 10 minutes. Even I could do it, without asking anyone for input if I liked. The hardest part would be paying the gas fee to actually set it up - it isn't cheap.

Developing and building a wrapped leo token on Binance chain would be alot more work I think, and Bepswap will be retired in a few months once Multi-chain roles out. I have thought quite a bit about suggesting a WLEO on Binance chain, but I think it would be spreading us too thin. It's definitely possible, but worth the time and effort? Plus Khal's dev team and @fbslo would have to learn how to wrap to a different chain, and that is more potential risk of something like the initial WLEO hack re-occurring. I have a lot more confidence that this version of WLEO is secure, personally.

I really appreciate your points of view, and am happy all sides of the discussion are being aired.

Posted Using LeoFinance Beta