Leo Coin Gives A 35-70+% APR And That Is A Stable Rate (Plus The Market Cap Is Still Low)

Anyone out there chasing defi might want to look at Leo coin as an option. Most people who are looking into defi products are doing so because they want to get a good return on their coins. This makes sense as you don't want your assets just sitting there when you can put them to work. But there are more than one way to put your assets to work as coins like Leo can give you a really good APR and with a working product they can consistently keep those rates going for a long time.

What Is Leo Finance?

It is a blogging site like reddit or Hive. There is a nice new interface and it is being updated frequently. When you blog on leo you get Leo tokens and you can use these to power up which gives you voting power. The more voting power you have the more powerful your vote and the more you can earn through curation. This is a way to get an APR from your coins and you don't have to risk your coins in any way. Curating is just voting on posts so it's easy to do. Leo finance is about finance (as you can tell by the name) so all posts are about crypto or other financial sectors.

How Do I Earn Income?

When you stake your Leo you can use it to earn more Leo while keeping your original Leo. You can unstake it at any time but it will take 4 weeks to get it all out, paid out weekly in 25% chunks. This helps to stop the price from crashing if a lot of people want to take their money out.

Once you are staked you can now get ready to earn daily profits. All you have to do is vote on any post you like and 50% of the rewards that post gets will be split among the people who voted for them. The people who voted with more Leo get a higher piece of the rewards. You can also post yourself and if people vote on your content you make Leo as well so that is two ways to earn and it can really add up if you put the work in.

35%-70% STABLE APR

But can you earn those rates everyday? Yes.

For example I have over 20k Leo. My vote is worth about 4 Leo. I can vote at 100% capacity 10 times a time (actually 11 but we will use 10 to make it easy). So if I use my voting power everyday that means I gave out 40 Leo. I should get roughly 50% of that back which means 20 Leo a day. Doing the math that means I will earn 7300 Leo a year which is a 36.5%. My Leo is staked so it's safe and I can compound daily and get more voting power to grow faster. If you really wanted to you could do 10 posts and vote on yourself everyday for a 70% return but I would not recommend that as people wouldn't like it. One or two times a day on yourself is fine but passed four and people might start to be upset.

Plus you get more Leo when people vote on your. If you are really active you could be making a 100% return on your investment without having to touch your investment. Yes it is work but chasing yield farms is a lot of work too and this is less stressful.

PRICE DOESN'T CHANGE APR

The biggest part is you are going to get those returns in the coin no matter what the price is. So if Leo is a dollar or $100 dollars you are always going to get 35% plus returns on your coin back in that coin. This can be bad if you buy Leo and the price goes down as you are getting a percentage back of a cheaper asset but it can be really good if the price goes up and now you are getting an APR of a coin with a high value.

Right now Leo is pretty cheap for all that is does and it has a low supply so there is a good chance it can go up a lot from here. DYOR as always but this is a coin worth checking out.

Oh and they have defi on Uniswap coming...

Posted Using LeoFinance