Weekly WenSoon Show (LeoFinance AMA) Recap 5/24/2022

8 mo
LeoFinance
2 Min Read
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When I'm feeling frisky I type out a recap of the WenSoon show as we talk about each topic live.

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Governance votes and Vault Yields

The call led off with Khal discussing the current governance vote that allows xPoly holders vote on what Vaults should be allocated additional yield.

The vote is currently live and concludes on May 27th. For the exact timing you can go to the Governance post: https://leofinance.io/@leofinance/xpolycub-governance-or-our-first-vote-on-yield-dynamics

You get two votes with a 50% weighting, so whether you only vote once or twice it will only give 50% weighting of your xPoly holdings.

Provide Liquidity Contest

Next topic was the contest to win $500 by providing liquidity to the vaults. You can read about it here: https://leofinance.io/@leogrowth/provide-liquidity-week-join-to-win-usd500-usd

LeoFinance Mobile App Mockup

Staying with the contest theme, there is a contest for LeoMobile mockups for the app store. Details here: https://leofinance.io/@finguru/leo-finance-mobile-app-mockups

LeoBridge Status

A question in chat popped up asking about the reliability of leobridge and what causes failures.

The overarching answer is: NODE ISSUES

Example, when a node on the hive side or the polygon side (for a leo to pleo wrap) if either of those hit a node that fails then generally the transaction doesn't complete.

A node switcher is being worked on so that if a polygon node is not performing a different one will be used.

Currently, the system waits 8 hours before a sending a refund to do its best of avoiding double spends. So, patience is key if a wrap fails on you.

The Market Caps, the stock market and the FED:

We began discussing the market cap of LEO, CUB and PolyCub being at the lows and it that makes for a good buying opportunity, or atleast a low risk scenario.

This led to discussion about the stock market and the Federal Reserve's upcoming moves.

Neal and I believe the FED will wimp out and stop raising come September. Who knows if it will happen, but it is a fun thesis based on the pain the markets are experiencing so for.

Crypto going forward

Bullish, Bearish? What are your thoughts?

We discussed ours and I'm still bearish though I think we will see a bounce at some point.

A key thing discussed was looking for the alt darlings of the next bull run. Cus it won't be the same ones as this past bull market.

@leoalpha is an account that aims to shine a light on things like this and a leoalpha community is in the works from what I gleaned.

See ya on the next one!

Join us in the AMA discord on Tuesday morning's 11am-ish EST (sometimes closer to 12)

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Oh dang, I missed it. Didn't even notice it was happening!

Sounds like a lot of good discussions.

I also think the Fed wimps out and that will provide a slight temporary relief.

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I definitely think the FED is gonna walk back rates earlier than most suspect. They're at the mercy of the markets now

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Agree

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Definitely could see that coming. Nevertheless, there need to be more pain across the board to lower inflation US. Real estate 🏡 is starting to crack, which is « good » in order to lower the inflation.

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Expect turbulence!

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Some cool stuff going around Leofinance ;)

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Just the beginning!

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Oh yeah ;)

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Wen blank?
This is going to be epic and the team keeps on postponing it, I don't get why. Do I look impatient? :))

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Lol we are as excited to release it as you are to use it - trust me.

The key infrastructure is being built every single day with things love LeoMobile, LeoInfra and Lightning.

It's almost as if every major iteration in development is a step in the ladder to the release of project blank. The longer we spend on this infrastructure, the better project blank will be in my opinion

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You definitely don't look impatient, you aren't the only one.
Would love to hear from the horse's mouth still waiting and watching probably impatiently, lol.

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This was a great episode! Thanks for the recap, cat

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Definitely the time to DCA. Fortunately I have a large proportion of cash and I am putting it to work slowly! Farming in defi, DCA on BTC, buying stocks/options.

I plan to invest it over the summer (spreading it out to September). And hopefully I will be rich later on 😅

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Wow, you are definitely rich later on

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Missed the AMA and hoping for the replay :) LeoFinance is on fire with developments. One couldn't help but get so excited.

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There are a lot going on at the same time.
Glad everything is working out fine all together

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Missed the AMA but this summary show we heading somewhere in leofinance we should just keep the development coming

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Alpha AMA :') Bull or bear, it doesn't matter. Coz we keep BUIDLING.

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