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The Weekly WenSoon Show Recap 5-17-22

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@scaredycatguide
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This is a real-time but not real time wrap up as I am typing this while live on the LeoFinance AMA.

I figure why not do something different...I would not expect this to become a thing though LOL.

The theme of the call started of as....

BIG NEWS!

Communities

They are coming to leofinance in the soonest of soons. Communities will essentially create sub groups within leofinance. Each community will have moderators and show curator picks.

So for instance if you go to the "thorchain" community page you will only see thorchain based posts on that page that have been curated.

This feature will hit desktop first and then push to mobile.

Here is an example of the header for a community page Khal shared on the call:

Below the header will be the feed of posts.

V2 Vault Incoming - pSPS

The news is already out that there will be a pSPS V2 Vault. That should be launching in the next 24 to 48 hours (but you never know in the sooniverse).

This new vault will give the opportunity to earn yield with SPS paired against PolyCub.

What is really cool about V2 Vaults is governance votes...

xPoly holders can vote on which vaults get more yield. So if you are a SPS lover and hold alot of xPoly you will be able to swing your weight around to vote for higher yields

What is even more important about V2 Vaults....

Is the liquidity and fees being created and generated on polycub. Additional fees are being garnered from things like wrapping which happens just about any time someone wants to grab pHIVE or pHBD and soone to be pSPS as well.

Current V2 Vaults Functionality

  • pHDB was used as the example

Hot wallet, cold wallet and arb wallet. This are the 3 wallets that exist from what I gathered.

My assumptions as I try to type, listen and participate in the call all at the same time is the hot wallet holds HDB available to wrap, cold is the amount staked in HBD savings and the arb wallet is just for that, arb'ng price when buy/sells happen and price moves off the peg.

This is a very broad and simple explanation, you can get better details listening to the WenSoon show, this comes up about an hour into the show.

Other Topics

We also chatted about BTC Price and thoughts on LUNA debacle.

Seems we are all hoping to buy more BTC at lower prices and are expecting (hoping) for it to get lower so we may do so.

LUNA, well there are speculated plans of them doing a hard fork and the way the new token will be distributed to LUNA hodlers.

The cat is not gambling on that one but knows a few people who have.

Bitcoin DCA is my plan for the time, with some leo and hive adds as well.

See ya on the next WenSoon Show...Cat Out!

Posted Using LeoFinance Beta