WLEO Liquidity Pool Incentives Leaderboard | 138% Annualized Yield for LPs

LeoFinance
22 days ago
15 Min Read
2986 Words

The time has come! Today marks the first since the initiation of liquidity provider incentives to the WLEO - ETH pool on Uniswap.

We've talked about the LP incentives program (a.k.a. 300,000 LEO bounty), but this post will likely drive home the way that this program works. A lot of users have asked a lot of questions about the structure of these incentives.

In short, LP incentives are distributed to WLEO - ETH liquidity providers on Uniswap. The initial incentive pool contains 300,000 LEO. This 300,000 LEO pool will be distributed over the first 90 days of the pool (starting 7 days ago and ending 83 days from today).

The LP incentives for week 1 brought in an annualized return of 138.39% for liquidity pool providers.

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As of today, the WLEO-ETH pair on Uniswap has $335,000 USD in total liquidity, has traded $30,724 in volume over the last 24 hours and the LP's split $92.17 in fees over the last 24 hours.

Other key features of the LP program:

  • HiveLink: Some details about how we do this have been published in previous posts. The following table displays HiveLink and either "TRUE" or "FALSE".. if TRUE, then your Hive account is linked to your ETH address and you'll receive bounties paid out as LEO on the Hive blockchain. If FALSE, then you'll receive the LP incentives straight to your ETH address
  • Snapshot: (#1, #2..) These represent the daily snapshot that is taken on the Ethereum blockchain. It records your LP position against the total pool as a %. Then it takes that % against the daily LEO incentive pool (3,333.33 LEO per day) less the official LP stake held by @leofinance
  • The following chart displays the daily LEO that each account earns from the total pool. #1 indicates day 1 of the incentive program. #7 is today's snapshot (day 7)
AddressHiveLink#1#2#3#4#5#6#7
0x0048144d60c414c8c972784471646f0f0f3d5e2dTRUE3.52933.24452.36372.255444.691337.93137.188
0x0f2fe662e8a0773220dbc0d5c90c8784ce1e0df3TRUE17.192215.804911.514410.986810.43608.8578.684
0x133bd94ca9ab843e684914709f52a485c10dd89cFALSE7.20086.61974.82274.60174.37103.7103.637
0x1d32a9752a0feb3510dabb30b03499bcfcd8ecc6TRUE47.479943.648531.799630.342328.821124.46223.982
0x1da04944e47360ac0c98b62a3c6ad03fe2da9af7TRUE12.005111.454912.871910.92510.711
0x1f979d06b999d058a6a950452260beacf2f9d903TRUE20.954919.263914.034513.391312.720010.79610.584
0x20fcda706363bda8d54f5f2a5608ef1a3b4855bcTRUE0.1990.195
0x23416ddb5f9f6143b6aa8b8e1d4c04a40977bc97TRUE10.12109.61368.1598.000
0x246d8680c96e8db43e5de88b61f414cb2c6d4a11TRUE69.969166.4614104.395102.350
0x28bbedfd973599e2dcc368e63a613d4fb0d9a410TRUE146.5704134.742898.165293.666488.970775.51374.034
0x29452b57f77ec0c6901a306056f20312bfb29817TRUE18.703913.626513.002012.350210.48210.277
0x2a4cdc9bbd937023a95e50185c0c027647f5a7b5TRUE31.755729.193128.481827.176525.814121.90921.480
0x3af35485ead59d821fa9aba426057845d88ce683TRUE55.650840.543838.685736.746331.18830.577
0x3b5c82706185a9e6e4faaa4eae99a10fd457898bTRUE11.49079.7539.562
0x44d7079027e087fc727a1cd45c2c3a9f3f774591TRUE9.09628.36216.09215.81295.52154.6864.595
0x479aa441683f3a914eebd76491e33f289135a501TRUE195.6546179.8660131.0392125.0338118.7655100.80198.827
0x4f0cf8df1caa7efaa7fc64c2acf30d306fe50b93TRUE30.400525.80225.297
0x56a436ffbe78ae442b9079e23babe90e1f4c7d36TRUE7.15866.58104.79454.57484.34543.6883.616
0x5b95887757f9f6b12ebbc18a8f99deff1a2757b7TRUE222.0019204.0873148.6853141.8712134.7588114.375112.135
0x65f6d626f575571d193ab303ef0ec4c0dffcb2dfTRUE81.209574.656254.389951.897249.295541.83941.020
0x6ab999844cac555093c2357c04f8c8010722ef6dTRUE41.820861.382654.131451.650649.061245.44744.557
0x7015d4f5f0deac0023dfe7f384dcbd878ecb223bTRUE146.1020134.3121933.9805960.9521966.90461228.7871204.718
0x72a13b318163c7cc0ba7f588caefe43860371d89TRUE85.223778.346557.078454.462651.732240.19762.638
0x734743f2753c520477dee0acf08614960d4a962eTRUE74.778668.744376.661473.148169.480958.97198.716
0x7c45a434b62af9f279ae698b91c32cdb5c408085TRUE25.052823.031216.779116.010115.207512.90712.654
0x7fcfdebe582fccdd931fd5ed68730fa13b7c75e3TRUE6.57846.04764.40594.20403.99323.3893.323
0x833bac36c261ea0778a13e9aa11c3b4154b9b3b6TRUE372.8213342.7361249.6963238.2530226.3087430.090421.665
0x8e5f1521a96347008022735c48662b9b89a379c0TRUE6.69426.15404.48344.27804.06353.4493.381
0x8ef7bd6fbb0a6ef6143eae60a5a0f63a52a22ac2TRUE44.214540.646529.612528.255426.838922.77922.333
0x9640a35e5345cb0639c4dd0593567f9334ffeb8aTRUE4.98154.91586.18155.89825.60254.7554.662
0x9744df35394b77860337d4b17a844b87ef341e83TRUE216.9746199.4656145.3183138.6585131.7072111.785109.596
0x9f22bd311999ec59a381836b983a12e5437e36e2TRUE213.3347196.1194142.8804136.3324129.4977109.910107.757
0xa614afec999f93928f656ccc0ed3cea0b8410c59FALSE64.888059.651843.458641.466939.388133.43032.775
0xadfb3e47600d4009e353fa812a751ce225c0d498TRUE33.801731.074022.638621.601141.387835.12734.439
0xae9083b40cb144e7f07de92b7255dfbe820326dcTRUE17.829416.390611.941211.393910.82279.1869.006
0xb06a534c4f4c9ca687dbba9b38e552d016834585TRUE259.6795294.1973214.3339204.5112194.2585195.494191.665
0xb1d85f987bfaafa444111f016651fe45836b7465TRUE72.804166.929151.778339.524343.223336.68535.967
0xb5300f04ba3082f73fd8b38925e240516429fdafTRUE60.808955.901940.726638.860236.912031.32930.715
0xb95cd43225201f2f848c431e00d478a3698d3e25TRUE285.7474262.6887191.3787182.6080173.4534147.217144.333
0xbaf375633ed4a31fe13c5469c1cda341b517a0dbTRUE32.370923.583422.502621.374530.18329.592
0xcde62ef95c01248dceb725d2994787277778f5c5TRUE4.41194.05592.95482.81942.67812.2733.394
0xd13df2385545795ee65a11921c0c10bb2eb2ad3eTRUE5.92085.64955.36634.5554.465
0xd8e847f8569c326698113e88a2cb40524269b254TRUE48.425544.517832.432930.946529.395124.94924.460
0xdfb13bd4558fbac8cbb8b617bcc07ad58849f286TRUE17.518212.762712.762724.956620.12019.726
0xe0b8c5e49d384ca396e8471feb57a7d72e9f80c4TRUE3.54413.25812.37362.26492.15131.8261.790
0xe2b7da9d93e09af93e52f19fda221fe601954aa6TRUE1.99671.90521.80971.5361.506
0xe2ef72b56cdc46e4faf16f564a2df10d803b1c63TRUE19.704618.114513.197112.592311.961010.1529.953
0xfc8c104cce85f7f2f62f2bf281fac13d055a98ccTRUE36.249233.324024.277823.165222.003827.33226.796
0x3d49a0f8b78d474d609ae3c8d6ca9c641b710bc2TRUE397.0581431.0142314.0102299.6195284.5987n/an/a

Frequently Asked Questions:

If I add to my existing LP balance, will it reflect in my daily distribution of LEO from the bounty pool?

Yes. If you add WLEO - ETH to your LP position at any time, then the next snapshot will reflect your new position.

If I remove from my existing LP balance, will I lose all my LP incentive rewards?

No. You will only be excluded after the next snapshot. Your position is updated at the time of each snapshot and additions or removals of part or all of your LP position are reflected each day.

How do I link my Hive account to my ETH address to receive LP bounties on Hive rather than Ethereum?

Linking is easy, all you have to do is wrap LEO before you provide liquidity to the LP. If you provide liquidity prior to wrapping any amount of LEO, then you won't be linked. You don't have to wrap all the LEO that you use to provide liquidity.. Just any amount of LEO before you've provided any liquidity (i.e. you could wrap 50 LEO to your ETH address in order to link it to Hive.. then you could buy 5,000 WLEO on Uniswap and provide 5,050 WLEO to the liquidity pool and your Hive account will be linked for that total amount).

Note: We can link you manually using an ETH verification TX. If you see your address above and it is not linked, you can send a message on #tech-support in our Discord server and we'll help you out.

When will the first LP bounty payout occur?

For HiveLinked addresses, you'll receive your first payout 7 days from today (every 2 weeks) as LEO sent to your Hive account.

For non-linked addresses, you'll recieve your first payout ~21 days from today (every 4 weeks) as WLEO sent to your ETH address.

If I provide liquidity now, will I miss the LP incentives?

No. You'll be added to the bounty pool on the next snapshot date and will receive the snapshot payout each subsequent day based on your LP position in real-time.

What happens after the 90 day LP incentive program ends?

More details at the end of this post. We're working on a long-term issuance schedule to reward LP's (although, it won't be quite as high as a 138% annualized yield 😉).

Week 1 Totals & Yield Farming

*Before jumping into the chart. The Annualized Yield reflects the ending week balance against the total LEO $ rewards earned throughout the week. The return for users who deposited to the LP on day #1 and never added/removed liquidity is 138.39%.

This annualized return is impacted if the user has added/removed liquidity within that 7 day period of time (since we tallied the totals as of today as opposed to weighting it throughout the week). The annual return for LP incentives based on $ invested in the pool is 138.39% today.

If you have any questions about this, feel free to get in touch with the community in the comments below, Telegram, Discord or Twitter and we'll help you out.

AddressWeek 1 (LEO)Week 1 (USD)Current Pool ValueAnnualized Yield*
0x0048144d60c414c8c972784471646f0f0f3d5e2d131.20$30.18$3,089138.39%
0x0f2fe662e8a0773220dbc0d5c90c8784ce1e0df383.48$19.20$721138.39%
0x133bd94ca9ab843e684914709f52a485c10dd89c34.96$8.04$302138.39%
0x1d32a9752a0feb3510dabb30b03499bcfcd8ecc6230.54$53.02$1,992138.39%
0x1da04944e47360ac0c98b62a3c6ad03fe2da9af757.97$13.33$89077.92%
0x1f979d06b999d058a6a950452260beacf2f9d903101.75$23.40$879138.39%
0x20fcda706363bda8d54f5f2a5608ef1a3b4855bc0.39$0.09$1629.08%
0x23416ddb5f9f6143b6aa8b8e1d4c04a40977bc9735.89$8.26$66564.60%
0x246d8680c96e8db43e5de88b61f414cb2c6d4a11343.18$78.93$8,50248.27%
0x28bbedfd973599e2dcc368e63a613d4fb0d9a410711.66$163.68$6,150138.39%
0x29452b57f77ec0c6901a306056f20312bfb2981778.44$18.04$854109.89%
0x2a4cdc9bbd937023a95e50185c0c027647f5a7b5185.81$42.74$1,784124.54%
0x3af35485ead59d821fa9aba426057845d88ce683233.39$53.68$2,540109.89%
0x3b5c82706185a9e6e4faaa4eae99a10fd457898b30.80$7.09$79446.38%
0x44d7079027e087fc727a1cd45c2c3a9f3f77459144.17$10.16$382138.39%
0x479aa441683f3a914eebd76491e33f289135a501949.99$218.50$8,210138.39%
0x4f0cf8df1caa7efaa7fc64c2acf30d306fe50b9381.50$18.74$2,10146.38%
0x56a436ffbe78ae442b9079e23babe90e1f4c7d3634.76$7.99$300138.39%
0x5b95887757f9f6b12ebbc18a8f99deff1a2757b71,077.91$247.92$9,315138.39%
0x65f6d626f575571d193ab303ef0ec4c0dffcb2df394.31$90.69$3,408138.39%
0x6ab999844cac555093c2357c04f8c8010722ef6d348.05$80.05$3,701112.46%
0x7015d4f5f0deac0023dfe7f384dcbd878ecb223b5,575.76$1,282.42$100,07966.63%
0x72a13b318163c7cc0ba7f588caefe43860371d89429.68$98.83$5,20498.76%
0x734743f2753c520477dee0acf08614960d4a962e520.50$119.72$8,20175.91%
0x7c45a434b62af9f279ae698b91c32cdb5c408085121.64$27.98$1,051138.39%
0x7fcfdebe582fccdd931fd5ed68730fa13b7c75e331.94$7.35$276138.39%
0x833bac36c261ea0778a13e9aa11c3b4154b9b3b62,281.57$524.76$35,02977.90%
0x8e5f1521a96347008022735c48662b9b89a379c032.50$7.48$281138.39%
0x8ef7bd6fbb0a6ef6143eae60a5a0f63a52a22ac2214.68$49.38$1,855138.39%
0x9640a35e5345cb0639c4dd0593567f9334ffeb8a37.00$8.51$387114.25%
0x9744df35394b77860337d4b17a844b87ef341e831,053.50$242.31$9,104138.39%
0x9f22bd311999ec59a381836b983a12e5437e36e21,035.83$238.24$8,952138.39%
0xa614afec999f93928f656ccc0ed3cea0b8410c59315.06$72.46$2,723138.39%
0xadfb3e47600d4009e353fa812a751ce225c0d498220.07$50.62$2,86192.00%
0xae9083b40cb144e7f07de92b7255dfbe820326dc86.57$19.91$748138.39%
0xb06a534c4f4c9ca687dbba9b38e552d0168345851,554.14$357.45$15,922116.74%
0xb1d85f987bfaafa444111f016651fe45836b7465346.91$79.79$2,988138.86%
0xb5300f04ba3082f73fd8b38925e240516429fdaf295.25$67.91$2,552138.39%
0xb95cd43225201f2f848c431e00d478a3698d3e251,387.43$319.11$11,990138.39%
0xbaf375633ed4a31fe13c5469c1cda341b517a0db159.61$36.71$2,45877.65%
0xcde62ef95c01248dceb725d2994787277778f5c522.59$5.20$28295.81%
0xd13df2385545795ee65a11921c0c10bb2eb2ad3e25.96$5.97$37183.69%
0xd8e847f8569c326698113e88a2cb40524269b254235.13$54.08$2,032138.39%
0xdfb13bd4558fbac8cbb8b617bcc07ad58849f286107.85$24.80$1,63978.71%
0xe0b8c5e49d384ca396e8471feb57a7d72e9f80c417.21$3.96$149138.39%
0xe2b7da9d93e09af93e52f19fda221fe601954aa68.75$2.01$12583.69%
0xe2ef72b56cdc46e4faf16f564a2df10d803b1c6395.67$22.01$827138.39%
0xfc8c104cce85f7f2f62f2bf281fac13d055a98cc193.15$44.42$2,226103.77%

The Long-Term: How Do We Incentivize LP's After the 90 Days?

One of the main questions we see is about the long-term sustainability of LP incentives and how we will continue to incentivize LP's to buy WLEO and contribute to the pool on Uniswap.

The first 90 day bounty is simply to kickstart the pool on Uniswap. Considering the size of WLEO-ETH on day #7, I think we're doing relatively well in that respect.

Over the coming weeks, we'll develop a long-term issuance schedule which will sustainable reward LPs (on top of the normal fees that they earn for providing to the pool - which is around 9-12% APY on its own as of today).

The goal is to have a "reasonable" APY when compared with curating content with staked LEO on our platform (20-30%). Ideally, we'll create a setup where the average APY for curating is just slightly higher than providing liquidity. Since curating is intended to be a manual endeavor and more "sweat equity" oriented and being an LP is a largely passive investment.

If you're familiar with DeFi, then you'll recognize the term Geyser. We're researching systems like this and considering different ways we can implement LP staking which would allow LPs to earn additional incentives the longer they remain in the pool as it continues to mature outside of the initial 90 day bounty period.

Many people are looking at Uniswap and AMMs/Liquidity Pools as short-term "farming" ecosystems that will disappear soon. We look at it as the future of trading crypto, here today in a nascent form. The DeFi ecosystem is rapidly expanding and WLEO positions us right in the middle of the entire space. This is exactly where LeoFinance needs to be in order to onboard new users both to LeoFinance and to Hive itself.

LeoInfra Teaser

In our 2020 roadmap (released a few months back), we teased a top secret project that would drop by the end of the year.

The original idea of this project is unrecognizable compared to where the actual development has landed us. What started out as a basic idea to make Hive better has turned into a backend architecture that will enable us to link our community (and the Hive blockchain) to other blockchains. I spoke with a few users privately about recent developments on LeoFinance and often referred to this idea that "DeFi has given LeoFinance a new sense of direction."

What I mean by this new sense of direction is simply that we better understand where LeoFinance needs to be positioned to offer the best apps we can build and most importantly; onboard new users to our ecosystem and the technology that makes it possible: the Hive blockchain.

This project has been dubbed "LeoInfra" which will build the backend infrastructure to allow cross-chain LeoApps including an upgrade to the current suite - LeoFinance, LeoDex, Hivestats - and will also lay the foundation for the next generation of apps we build. Why stop at WLEO when we can build apps that bridge Hive to Ethereum and other blockchains?

We're incredibly close to delivering the first iteration of this project and more details will be released within the next few days along with the first live integration of cross-chain features which will be launched on the https://leofinance.io website. This is one of the most ambitious projects we've worked on yet and I can't wait to see the community's feedback on it.

 

 

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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