LeoFinance 'paid' my rent for October - Want to know how?

LeoFinance
12 days ago
(edited)
2 Min Read
492 Words

Ok, I'm sorry for the misleading title (a lot of more things to consider), but technically this is what happened:

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~1750 LEO at 0,25$ = ~437$ or ~370€ IN 2 WEEKS, which is more than enough to cover my already suppressed 'student expenses'.

And you know what?

I'm not dumping a single one.

I'm wrapping all of them again and providing that much-loved liquidity to Uniswap:

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Yes, this is mine.

How I executed my LMLG ('Let's Make LEO Great') plan:

I'm very happy to see that my 'trading plan' worked (much better!) than expected. I will never get tired to say that a good trader must never be afraid to take action and to change things on the go.

This is how I played the Uniswap Launch:

1 ) Provide A LOT of liquidity on the first day (HOUR!) of the pool. In fact I owned like ~10% of the entire pool (in fact slightly more) the first 3 days or so.

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This alone granted me very big LEO payouts on the first snapshots.

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Notice that the LEO payout decreased more and more every day after more liquidity joined the pool. Which brings me to the second part of my strategy, which started when I published my 100K LEO post.

2 ) As payments for being a liquidity provider reduces (a great problem to have! Kudos to all of you LP's!), swap all the ETH into more LEO.

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3 ) Then stake everything.

By doing this I achieved a few things:

  • Stability; no more 'reduced' payments due to increased liquidity.
  • No LEO loss; due to impermanent loss.
  • Full exposure to LEO appreciation;

With only a 'big' downside:

I'm 'overleveraged' into LeoFinance. A risk, that obviously, I have been assuming for quite some time.

But at the same time due to the big price appreciation, LEO became a big part of my Crypto Portfolio.

Now, What?

Seems that the future is bright for the LeoFinance ecosystem.

  • We have at least one ETH Whale accumulating wLEO. (When I say whale I say someone with 2000 ETH, check the link).

  • Almost no one of the LEO Whales is dumping. Check @edicted post.

  • Khaleel said: ''We've been contacted by a number of CEXes (centralized exchanges) about listing WLEO. Some of these exchanges have a great reputation and others have a less great reputation for their "market-making" offerings.'' source

Your decision if you still think that's 'too late'. Most said the same at 0,15 HIVE/LEO. If we reach 1-2$/LEO later this year (or next year, whatever) don't complain.

Plus:

Now we can start charting $wLEO in a decent way; (coinmarketcap listing blessing)

Check charts.cointrader.pro

I'm loving it for all my TA related chores btw, not only wLEO.

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Stay safe my friends.
As always take care when trading.

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You can follow me on Twitter

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Posted Using LeoFinance Beta