First WLEO LP Yield Payout - 121.70% APR and Approaching $400k in Total Liquidity

LeoFinance
14 days ago
11 Min Read
2122 Words

Liquidity Providers (LPs) are paid an additional incentive every 2 or 4 weeks (depending on whether their ETH address is eligible for HiveLink or not). Yesterday marked the first 14 days since the LP incentives program was launched.

This means that any Ethereum address that is providing liquidity to the Uniswap pool who has also linked their Hive account (by wrapping any amount of LEO before providing liquidity), will receive the bounty reward payout bi-weekly to their Hive address.

Yesterday (10/8/20) was actually the first day that the additional LP rewards were scheduled to be sent. Due to some Hive-related issues (that I'm sure you're aware of), we delayed the airdrop until today. The first round of LP bounties just went out a few minutes before this post.

The pool is so close to $400k! We've also got a few major announcements on the marketing/onboarding front next week as phase 1 of LeoFinance V2 is launched. It's been a busy few weeks at LEO HQ 🦁

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WLEO-ETH Pair on Uniswap

Before jumping into the overall chart for LP payouts, here are a few commonly asked questions I've been seeing around LeoFinance and thought would be helpful for a number of users if we answer them here:

Frequently Asked Questions:

Is it Too Late to Provide WLEO - ETH Liquidity to the Pool and Earn LP Incentives?

No! You can provide liquidity any time and start accumulating the LP bounty incentive. The program automatically snapshots your daily standing in the LP pool every 24 hours. This means that you can change your liquidity, add or remove at any time during the next ~75 days and earn LP rewards for the amount of time you were in the pool.

There have already been a few users who have added some liquidity, removed some and/or added more liquidity back into the pool. They will notice that their rewards reflect those daily fluctuations in their LP balance.

How Do I Provide Liquidity to the Pool?

There are a number of guides out there. I always refer these general questions to https://leopedia.io/wleo (explore WLEO page). We also did a video covering the LP process on the LeoFinance channel.

What is LeoFinance?

A funny question to some of us, but there are a lot of new people entering the community. Some of them are from Hive and some are from outside of Hive. These users have no clue what LeoFinance is or how any aspect of this project works. In short, we are a second-layer community project built on the Hive blockchain with our own token and author/curator rewards pool (LEO). Learn more on our Landing Page.

What Can I Do with LEO / WLEO?

LEO is used as a rewards pool token (similar to HIVE) on the LeoFinance Platform. You can stake LEO and upvote content on the platform to earn daily rewards. The rough average for curation rewards (Staking APR) is about 20-30% APR.

In an upcoming upgrade to the LeoFinance blogging app, we're adding WLEO features to the interface. In the future, both LEO and WLEO will have additional use cases which will also be accessible from this UI:

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LP Incentives Payout #1

This first payout for Liquidity Pool Providers covers the period of 9/24/20 - 10/8/20 (the first 14 days of the 90 day bounty pool).

The first column shows the ETH address that is participating in the pool. The second column indicates whether this address has been "HiveLinked" (linked to a Hive address) - note: all of these addresses have been linked as they are all participants in the first 2 week bounty payout. Non-linked addresses will receive their first payout after 4 weeks (2 weeks from yesterday).

AddressHiveLinkPayout #1
0x0048144d60c414c8c972784471646f0f0f3d5e2dTRUE379.158
0x0f2fe662e8a0773220dbc0d5c90c8784ce1e0df3TRUE141.376
0x1d32a9752a0feb3510dabb30b03499bcfcd8ecc6TRUE390.440
0x1da04944e47360ac0c98b62a3c6ad03fe2da9af7TRUE129.383
0x1f979d06b999d058a6a950452260beacf2f9d903TRUE172.318
0x20fcda706363bda8d54f5f2a5608ef1a3b4855bcTRUE1.693
0x23416ddb5f9f6143b6aa8b8e1d4c04a40977bc97TRUE89.232
0x246d8680c96e8db43e5de88b61f414cb2c6d4a11TRUE1025.597
0x28bbedfd973599e2dcc368e63a613d4fb0d9a410TRUE1215.199
0x29452b57f77ec0c6901a306056f20312bfb29817TRUE146.963
0x2a4cdc9bbd937023a95e50185c0c027647f5a7b5TRUE358.190
0x3af35485ead59d821fa9aba426057845d88ce683TRUE437.266
0x3b5c82706185a9e6e4faaa4eae99a10fd457898bTRUE112.387
0x44d7079027e087fc727a1cd45c2c3a9f3f774591TRUE74.800
0x479aa441683f3a914eebd76491e33f289135a501TRUE1608.918
0x4f0cf8df1caa7efaa7fc64c2acf30d306fe50b93TRUE250.166
0x56a436ffbe78ae442b9079e23babe90e1f4c7d36TRUE58.867
0x5b95887757f9f6b12ebbc18a8f99deff1a2757b7TRUE1825.579
0x65f6d626f575571d193ab303ef0ec4c0dffcb2dfTRUE667.806
0x6ab999844cac555093c2357c04f8c8010722ef6dTRUE645.137
0x7015d4f5f0deac0023dfe7f384dcbd878ecb223bTRUE13608.258
0x72a13b318163c7cc0ba7f588caefe43860371d89TRUE847.323
0x734743f2753c520477dee0acf08614960d4a962eTRUE1178.695
0x7c45a434b62af9f279ae698b91c32cdb5c408085TRUE206.016
0x7fcfdebe582fccdd931fd5ed68730fa13b7c75e3TRUE54.096
0x833bac36c261ea0778a13e9aa11c3b4154b9b3b6TRUE5093.039
0x8e5f1521a96347008022735c48662b9b89a379c0TRUE55.048
0x8ef7bd6fbb0a6ef6143eae60a5a0f63a52a22ac2TRUE363.587
0x9640a35e5345cb0639c4dd0593567f9334ffeb8aTRUE144.085
0x9744df35394b77860337d4b17a844b87ef341e83TRUE1784.238
0x9f22bd311999ec59a381836b983a12e5437e36e2TRUE1754.306
0xa614afec999f93928f656ccc0ed3cea0b8410c59TRUE533.590
0xadfb3e47600d4009e353fa812a751ce225c0d498TRUE449.696
0xae9083b40cb144e7f07de92b7255dfbe820326dcTRUE146.615
0xb06a534c4f4c9ca687dbba9b38e552d016834585TRUE2832.073
0xb1d85f987bfaafa444111f016651fe45836b7465TRUE586.682
0xb5300f04ba3082f73fd8b38925e240516429fdafTRUE500.047
0xb95cd43225201f2f848c431e00d478a3698d3e25TRUE2349.774
0xbaf375633ed4a31fe13c5469c1cda341b517a0dbTRUE356.914
0xcde62ef95c01248dceb725d2994787277778f5c5TRUE45.216
0xd13df2385545795ee65a11921c0c10bb2eb2ad3eTRUE55.729
0xd8e847f8569c326698113e88a2cb40524269b254TRUE398.215
0xdfb13bd4558fbac8cbb8b617bcc07ad58849f286TRUE263.765
0xe0b8c5e49d384ca396e8471feb57a7d72e9f80c4TRUE29.144
0xe2b7da9d93e09af93e52f19fda221fe601954aa6TRUE18.794
0xe2ef72b56cdc46e4faf16f564a2df10d803b1c63TRUE162.036
0xfc8c104cce85f7f2f62f2bf281fac13d055a98ccTRUE371.815
0x3d49a0f8b78d474d609ae3c8d6ca9c641b710bc2TRUE1754.947
0x4e6fcff40ceb7c10db9a786d17221ad24c075645TRUE1.428
0xb7f7db91fd08ad2d4fa3a8c3c2961438da93899aTRUE38.782
0xdb19c47e87ed3ff37425a99b9dee1f4920f755b9TRUE28.762
0xfe922bd1cfb6f2317ac533365fae9ccb9b95f254TRUE9.826
0x22ed814cea01123cab46bd95252aa1f208c8d64cTRUE133.430
0xdf68ab0fb3195bae432fa380913009a98c64090fTRUE14.735
0xc127bbefcf5df84b8d0cc79a617e4bc6c7a8188bTRUE685.705
0xbc76b5e2e535775794fb794c2a9c032b0458aedfTRUE9.623

121.70% APR Yield

In this chart, we tracked each of the above ETH addresses that has contributed to the pool. Based on their last payout (for the previous 14 days), they're earning a 121.70% APR yield.

Note: the yield fluctuates when an LP changes their balance (either adding to or removing from their total WLEO-ETH liquidity) because it throws off the total value of their pool against the yield they've earned over the 14 day period. i.e. if a user adds more to the pool 8 days into the 14 day period, we've only tracked their heightened rewards for 6 days so the payout APR shows a lower %.

With that in mind, if you look at the addresses who added liquidity 14 days ago and did nothing, they earned a 121.70% yield on their LP investment. This also doesn't include the normal fees that they earn by being an LP on Uniswap. The current yield on trading fees for WLEO-ETH is about 8-12% annualized.

AddressLP Value (USD)APR (%)
0x0048144d60c414c8c972784471646f0f0f3d5e2d$3,242.4676.22%
0x0f2fe662e8a0773220dbc0d5c90c8784ce1e0df3$757.15121.70%
0x1d32a9752a0feb3510dabb30b03499bcfcd8ecc6$2,091.04121.70%
0x1da04944e47360ac0c98b62a3c6ad03fe2da9af7$933.8990.30%
0x1f979d06b999d058a6a950452260beacf2f9d903$922.87121.70%
0x20fcda706363bda8d54f5f2a5608ef1a3b4855bc$17.0064.94%
0x23416ddb5f9f6143b6aa8b8e1d4c04a40977bc97$697.4983.38%
0x246d8680c96e8db43e5de88b61f414cb2c6d4a11$8,923.9374.91%
0x28bbedfd973599e2dcc368e63a613d4fb0d9a410$6,931.37114.27%
0x29452b57f77ec0c6901a306056f20312bfb29817$896.04106.90%
0x2a4cdc9bbd937023a95e50185c0c027647f5a7b5$2,415.5196.65%
0x3af35485ead59d821fa9aba426057845d88ce683$2,666.03106.90%
0x3b5c82706185a9e6e4faaa4eae99a10fd457898b$1,183.0261.92%
0x44d7079027e087fc727a1cd45c2c3a9f3f774591$400.60121.70%
0x479aa441683f3a914eebd76491e33f289135a501$8,616.73121.70%
0x4f0cf8df1caa7efaa7fc64c2acf30d306fe50b93$2,205.6373.93%
0x56a436ffbe78ae442b9079e23babe90e1f4c7d36$315.27121.70%
0x5b95887757f9f6b12ebbc18a8f99deff1a2757b7$9,777.09121.70%
0x65f6d626f575571d193ab303ef0ec4c0dffcb2df$3,576.51121.70%
0x6ab999844cac555093c2357c04f8c8010722ef6d$3,884.95108.24%
0x7015d4f5f0deac0023dfe7f384dcbd878ecb223b$105,039.7884.44%
0x72a13b318163c7cc0ba7f588caefe43860371d89$5,461.46101.12%
0x734743f2753c520477dee0acf08614960d4a962e$8,607.1089.26%
0x7c45a434b62af9f279ae698b91c32cdb5c408085$1,103.34121.70%
0x7fcfdebe582fccdd931fd5ed68730fa13b7c75e3$289.72121.70%
0x833bac36c261ea0778a13e9aa11c3b4154b9b3b6$36,765.1490.29%
0x8e5f1521a96347008022735c48662b9b89a379c0$294.82121.70%
0x8ef7bd6fbb0a6ef6143eae60a5a0f63a52a22ac2$1,947.23121.70%
0x9640a35e5345cb0639c4dd0593567f9334ffeb8a$2,492.2237.68%
0x9744df35394b77860337d4b17a844b87ef341e83$9,555.68121.70%
0x9f22bd311999ec59a381836b983a12e5437e36e2$9,395.37121.70%
0xa614afec999f93928f656ccc0ed3cea0b8410c59$2,857.70121.70%
0xadfb3e47600d4009e353fa812a751ce225c0d498$3,002.7997.61%
0xae9083b40cb144e7f07de92b7255dfbe820326dc$785.21121.70%
0xb06a534c4f4c9ca687dbba9b38e552d016834585$16,711.33110.46%
0xb1d85f987bfaafa444111f016651fe45836b7465$2,954.41129.43%
0xb5300f04ba3082f73fd8b38925e240516429fdaf$2,678.06121.70%
0xb95cd43225201f2f848c431e00d478a3698d3e25$12,584.47121.70%
0xbaf375633ed4a31fe13c5469c1cda341b517a0db$2,580.1690.16%
0xcde62ef95c01248dceb725d2994787277778f5c5$295.9299.59%
0xd13df2385545795ee65a11921c0c10bb2eb2ad3e$389.3493.30%
0xd8e847f8569c326698113e88a2cb40524269b254$2,132.69121.70%
0xdfb13bd4558fbac8cbb8b617bcc07ad58849f286$2,144.0880.18%
0xe0b8c5e49d384ca396e8471feb57a7d72e9f80c4$156.08121.70%
0xe2b7da9d93e09af93e52f19fda221fe601954aa6$131.3093.30%
0xe2ef72b56cdc46e4faf16f564a2df10d803b1c63$867.80121.70%
0xfc8c104cce85f7f2f62f2bf281fac13d055a98cc$2,336.39103.73%
0x3d49a0f8b78d474d609ae3c8d6ca9c641b710bc2n/an/a
0x4e6fcff40ceb7c10db9a786d17221ad24c075645$18.6849.84%
0xb7f7db91fd08ad2d4fa3a8c3c2961438da93899a$507.1549.84%
0xdb19c47e87ed3ff37425a99b9dee1f4920f755b9$376.1249.84%
0xfe922bd1cfb6f2317ac533365fae9ccb9b95f254$152.2442.07%
0x22ed814cea01123cab46bd95252aa1f208c8d64c$2,483.1635.02%
0xdf68ab0fb3195bae432fa380913009a98c64090f$346.6827.70%
0xc127bbefcf5df84b8d0cc79a617e4bc6c7a8188b$21,929.9820.38%
0xbc76b5e2e535775794fb794c2a9c032b0458aedf$926.956.77%

Total Pool Value On the Rise

As mentioned previously, the Uniswap pool has been continually climbing in value. It's about to cross the $400,000 USD mark (and with these additional payouts, I assume that it will cross that mark and then some within the next 24 hours).

As we approach $500,000 USD in the LP, it's amazing to think back on the original goal to simply get $100,000 USD in the pool. $100k - $200k puts you in a certain tier of Uniswap pools.

This means you're out of the "probably a shitcoin" territory and have entered the "might not be a shitcoin" territory. This honorable status grants you a lot of attention as people research your project via Coingecko, CoinMarketCap and other listing sites to figure out whether or not your project should be booted to the former status or whether you can move on to the next stage: "not a shitcoin".

$400,000 USD in the pool puts us in a respectable tier of projects listed on Uniswap. Considering that our project has such a tight supply (only about 5.5M tokens) and 70% of that supply is staked, we are a Unicorn amongst Unicorns built on a Unicorn platform.. try saying that 3 times fast

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Source

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. We're considering a few different options, but it's pretty likely that WLEO will hit a major CEX by the end of 2020. Right now it's mostly about deciding which one we want to target specifically - especially since the supply of liquid LEOs is so small.

DEXes like Uniswap still hold the spotlight (and are continuing to gain market share). Needless to say, it's going to be a fun year of collaborations between LeoFinance, WLEO and other projects in the crypto space - whether they're a centralized exchange, a DEX or a dApp protocol on Ethereum.


The next update from here should be the official release of LeoFinance V2 Phase 1: Metamask Onboarding, WLEO Wallet Operations and LeoInfra V1. We're working hard on the final testing and polishing of these feature and I'm really excited to see the progress we make on the onboarding front.

We've already seen the ability of LeoFinance to draw Ethereum-based attention (outside of Hive). Now is our chance to onboard hundreds, thousands and (one day) tens of thousands of new accounts to our platform.

 

 

LeoFinance is a blockchain-based social media community for Crypto & Finance content creators. Our tokenized blogging platform (https://leofinance.io) allows users and creators to engage and share content on the blockchain while earning LEO token rewards.

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