We livestreamed the LEO Roundtable Podcast at the scheduled time when we were going to launch Wrapped LEO. The only issue is that we ended up postponing the Wrapped LEO launch because of the high ETH gas fees after Uniswap decided to drop a UNI bomb on the blockchain.
Since everyone on Ethereum is now jumping over and paying insanely high gas fees to claim their UNI and trade it, we’ve had to postpone wLEO because none of us want to pay $50+ for each wrap, swap and add liquidity transaction.
These flares in the ETH gas prices are temporary. If you pick the right day/time, the fees are usually only about $0.70 - $2 per TX. Coming from Hive, this can feel unusual but this is the cost of transacting with the largest decentralized financial ecosystem on the planet.
So today we did our LEO roundtable and talked about Ethereum, Uniswap, the new UNI coin, trading wLEO and more.
On the official post out of @leofinance today, we talked about the delay and also released the in-depth details of how the 300,000 LEO bounty will get distributed to Liquidity Providers. [Check out that post]( for the info.
We planned out the next LEO roundtable to be another launch party for wLEO. When wLEO launches officially next week (pending ETH gas fees coming back to a “normal” level), we will do another launch party livestream to talk about wLEO and walk everyone through the actual steps of wrapping, swapping and adding liquidity.
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