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LEO Update

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@stayoutoftherz
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3 min read

Dear Hivers and Leonians,

time is flying, my last LEO-Update was already more than 2 weeks ago. So much is going on in the LEO community, really amazing! I was extremely surprised to see the WLEO hack bailout LEOs in my wallet, shortly after @leofinance issued the exhaustive report about the event itself, the impact and the future of the WLEO project (link). Who would have expected it, but even more surprising: There was not the slightest dump despite more than 500K LEO were printed (as mentioned also in the last stats report), quite in contrary: Many took the opportunity and staked even more LEO with @mightyvolcano on top who staked a whopping 240k LEO!
After all this turmoil, the token is now again stably beyond the parity to Hive, climbing as I am writing. Despite >500K liquid LEO were distributed, the %age of staked LEO (82,2%) is now even higher than a week before! If that is not a sign of a strong, committed community, then what is it!

Leo Power

Well, I did so too and have now staked the nice round sum of 10K LEO! I made it even to last week´s top 10 LEO staking user list:
, by @dalz

My 100% upvote on leofinance-tagged posts is now worth 1.586 LEO (or 0,29$ at the current price), before reward splitting! This is pretty awesome. To have such a vote value in Hive you need app 24000 Hive staked, if I calculated correctly! By the way, we should not forget that due to the non-linear reward curve on Hive many votes to smaller rewarded posts will not get the full upvote potential, unlike on leofinance! So it is for several reasons worth to stake LEO!!
The Hive inner circle should seriously think if they should not revert as well to a linear reward curve, if they look at the success story of Leofinance.

Delegation

Also I delegated additional 5000 Hive to @leo.voter. I have now 10K HP delegated which yields app. 4 LEO per day passively which is a 14,6% APR - not bad at all. Of course, delegating the same amount of Hive (e.g. via dlease.org) would bring an equivalent amount in Hive, but with the current momentum for LEO it seems prudent to produce an increasing percentage of your staked tokens in LEO than only in Hive. Just today LEO made again a 10+% jump in price in relation to Hive and trades now at app. 0,18$.

Of note, since Hive is again dropping like a stone vs. both $ and BTC, it is really essential that LEO increases its value compared to Hive!

LEOM

Regarding the miners I was not sure what to do. For days nothing happened but just recently some nice chunks of mined LEO went into my wallet, so I definitely will keep them. In fact, there is now so many incoming LEO from various sources (upvote rewards, staking rewards, mining rewards), that I almost lose track :)

Others

If you are using the Brave browser (which is anyway recommended), then do "shields down" for Leofinance.org and all the other LEO dApps (more about Brave browser and Leofinance here). You may also click on the ads from time to time. This helps to increase the ad revenues. By the way, I sent @khaleelkazi a small BAT tip. I can´t withdraw the BAT anyway (I don´t like KYC) and if one deserves it, then he!

Other than that, I am leaving some LEO liqid in case of a WLEO 2.0 and a new wrapping and Uniswap-LP exercise. Looking forward to it!

Posted Using LeoFinance Beta