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RE: Introducing the New LeoAds Mechanic | LEO POWER Balances Will Begin Growing with Built-In APY From LeoFinance Ad Revenue
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It was nice to revist this idea during the AMA:
The idea that Jk laid out was a great one: have the automated LeoAds system take the ad revenue each month (it's paid in BTC), buy LEO on one of the 4 exchanges it is listed - whichever has the cheapest arbitrage price (wLEO, bLEO, pLEO or LEO) - then stake it all as LEO POWER into the accounts of everyone already holding LEO POWER. With this mechanism in place, users would just stake LEO POWER and that balance would automatically grow over time. Esentially like the CUB autocompounding Kingdom or the xPOLYCUB staking vault. The number goes up but this time it is going up from LeoAds revenue on LeoFinance.io.
Posted Using LeoFinance Beta
