Liotes News – New rewards for diesel pool and a new wind maker

5 mo
LeoFinance
2 Min Read
366 words

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There were some glitches with 3speak in the last 24 hours and I thought it would be safer to make a written post this week. Hopefully, we will be able to go back to publish our Liotes News as videos as soon as possible.

New tokens for the reward pool

For our LEN:LENM diesel pool, we have a reward pool attached that distributes rewards to the liquidity providers. A percentage from our secondary income sources is put aside every week to fill this pot. We had an initial plan to add the different tokens that we have and provide a wide array of different tokens as rewards. However, we have found a better idea...

This week we will put additional rewards into the Diesel Pool and we will write a post when we do it.

@dagger212 our new Wind Maker

We have updated the Liotes ranking and we have a new Wind Maker with @dagger212 who has passed the bar of 100 points. He recieves 5 LEN tokens as bonus and will now get nicer upvotes to his posts from our curation trails. Congratulations!

APR of LENM went up

During the last weeks we saw some people unstaking their LENM tokens. At the same time the price for LENM on the market dropped quite sensibly. When calculated with the middle price for LENM, the APR for staking LENM tokens is now 16.5%! When staking LENM together with LEN in the Diesel Pool, the APR is around 46%.

When people unstake their tokens or put them on the market for sale, this means that all the other token holders get actually more return!

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Whole LEN supply burnt this week

There were a lot of people who sold their LEN tokens on the market and this allowed us to get a lot of them. We actually burnt the whole supply of this week. Every week 1008 LEN tokens are printed and this week we burnt exactly this number.

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Liotes

A project run by @ph1102 and @achim03

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2

Thanks a lot!

0

Congratulations to @dagger212 for becoming a Wind Maker. The project is looking strong with a very good return on the diesel pool. I look forward to reading about the new rewards to be added.

2

Yes we have been thinking a lot about these rewards and I believe that we have found the perfect solution ;-)

1

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0

OwO nice progress when someone tried to get out from LENM. Hope they're not making a mistake with turning LENM down to another project ><

2

The grass always seems greener somewhere else :-). I wouldn't sell my LENM :-)

0

Me too >< Fewer people in LENM = more rewards for someone who still stay and increase it🤗

0

Hooray! We have another windmaker! So you're not going to add the wide array of tokens anymore? Aw
!pizza

2

We will add tokens but not the way we thought at the beginning. We will divulge it very soon ;-)

0

Congrats @dagger212 for becoming a wind maker! About the added rewards to the diesel pool, I didn't get it from the post. Did you add more LEN / DEC rewards or will you add another reward token?

2

There will be something new added as rewards to the pool but we didn't say yet what it will be. We think we found the perfect solution ;-)

1

Ok, got it! :)

0

Congratulations to dagger. I think the APR for staking LENM will continue to increase as people move to the diesel pool to get higher APR.

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2

Exactly, with two ways to stake the token, there is always the option to choose and to optimize.

1
5 mo

!PIZZA

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2

Thanks for the pizza!

0

PIZZA!

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0

Congratulations to Dagger212 for making it to Windmaker! I'm interested to see what the new pool token will be. I've been slowly adding liquidity each week. !LUV

1


@horstman5(1/1) gave you LUV. H-E tools | connect | <><

0

You will probably be surprised with our pick for the new reward token, but on the second thought, the value should be long-term... As the idea of our project in general... ;)
Btw. Aggroed just posted about adding new incentives for liquidity providers in diesel pools, so more rewards coming! :)
!LUV

2


@ph1102(3/4) gave you LUV. H-E tools | connect | <><

0

Congrats dagger212!

1