Weekly WenSoon Show Recap - 6/21/2022
What a week in crypto! Amidst all the crazy price action in the market we also had a busy week in the leo universe!
Leo Power Up Day (LPUD)
The first leo power up day has come and gone with much success!
Here are the stats:
- 174,098 Leo Powered up
- 320 Lions joined
- 4.2% of the total Liquid Leo was powered up in 24 hours
Three lucky lions won a 20K delegation for 3 weeks.
To see all the details and who won the delegations check out the LPUD post:
Leo Mobile Status
The app has been running beautifully on android, but lions are still waiting on iOS to approve the app live.
Personally I have enjoyed using leo mobile on my android the past couple weeks.
Leofinance Desktop Issues
The deskstop site has been buggy over the past week or so after the lightning update and bug report tickets are the fastest and best way to get things resolved and it helps the team identify them faster, thus please submit bug reports rather than just mentioned it in general chat.
PolyCub Docs
Polycub docs have been updated to align with the vision of creating sustainable yield and touch on vexPolyCub. I need to go check out the updates myself still to peep the new info.
AMA Chat Questions
There were loads of question on the discord AMA chat from lions like @shortsegments. Alot was covered in regard to onboarding, SEO optimization and several other things.
Was a bit too much for me to type out live so ya'll just have to go watch the replay. My guesstimate is about 30 minutes into the call it began and ran for a good 20 minutes or so.
PolyCub block halving and buyback
There was some confusion over this but the halving is hitting just a couples hours from the time of this post hitting.
The buyback will likely not start till .0625 per block, but a governance vote may be put up for a final decision.
CeFi, DeFi and more....
With the Celsius debacle among others we chatted about Cefi vs. Defi and how or why these Cefi sites dropped the ball. Leveraging of users funds is my opinion of on why the house of cards crumbled.
Also, decentralized finance seems to run into some centralized problems when there is a mega whale involved. The Solend on the Solana blockchain is an example of this with their governance vote to take over a whale acct that was to be liquidated and be a sever blow to their protocol.
How is your portfolio feeling
We chatted about the state of our portfolios and the phone calls we have been getting from the normies in our lives.
Everyone assumes all crypto hodlers are now broke. That is not the case for many that have been in the crypto space for a while. Yes, big drawdowns have happened but many are still sitting in the green.
The fear and greed index has been high the past few weeks, but have we hit max fear, have we hit max pain? I'm not so sure we have as so many are still excited to buy.
Who knows if we need to hit that level, but the fear level has been high of late which is usually good for crypto in the months ahead.
Until next time...
That is all for now folks, see ya on the next one!
Posted Using LeoFinance Beta
