RE: The wLEO to ETH trading pair.
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Having just last night "jumped in" to this liquidity pool, I find your posts to be very helpful @edicted. I agree with this ...
"I believe ETH and BTC are at the bottom and ETH will outperform Bitcoin over the next 3 months."
... as before I found your post, I had already begun the process of "reloading" on ETH from all that I needed to put into my stake last night. To do that, I'd converted my BTC "stash" into ETH and went from there ...
I did not understand this ...
"If someone matched that 240 ETH the price ..."
... as I thought the only way to get involved was to supply "both sides" when adding to the pool. What am I missing?
What are your thoughts on steadily adding to the liquidity pool? There was a big push on yesterday, for understandable reasons. But ... Going forward, from your perspective and experience, is there any downside to continuing to add to the liquidity pool?
The yield farm has diminishing returns. Only 300k tokens are being airdropped. The bigger the pool is the less coins you get in return. However, a bigger pool points to a higher market cap and token value.
If someone on ETH wants to start yield farming wLEO, they have to buy wLEO first and then provide an equal amount of ETH. So in that situation if the guy was planning to yield farm with that he'd put in another 240 ETH to match. He'd then be yield farming half the current pool. Users can also choose to unwrap and power up without matching ETH to yield farm.
It's not about the ETH that gets matched though and more about the wLEO being bought with ETH. Lot of guys out there just have ETH sitting around and they are wondering what to do with it. Maybe some will yield farm wLEO.
Okay, very good. Thank you @edicted! 👍
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