It's not even about the wLEO liquidity pool on Ethereum...
... it's about all the things that are coming next!
As the gas fees on Ethereum are now higher than ever and LeoFinance team is going to delay the launch I really feel that the liquidity pool for wLEO on Uniswap will not be used very much, but this actually doesn't matter at all.
wLEO is just a beginning!
Even though Ethereum is slow and the gas fees are expensive it's also a very popular cryptocurrency. I am not exactly sure why LeoFinance team choosed Ethereum blockchain for their first big expansion, but really anything is better than just keeping the token on Hive-Engine forever.
Doing an expansion to Ethereum opens many doors - for example having wLEO on Uniswap will allow the team to list LEO token to Coingecko. It's a comprehensive website that tracks prices of cryptocurrencies and a lot more. There are many websites like Coingecko, but Coingecko is one of the most attractive in my opinion.
LEO token on Uniswap and Coingecko is a good start how to show the LeoFinance project and its token to more people. This expansion is hopefully not the only one because there are a lot of blockchains where LEO token could exist - a lot of them are faster than Ethereum and some are even feeless.
I think HIVE will have liquidity pools sooner or later too. @Aggroed made some post about them and we will maybe soon see them on Hive-Engine. This would not only help LEO, but all Hive-Engine tokens in general.
What I don't understand is why people started thinking about liquidity pools just now? Why not a few years ago? What changed? Was Ethereum just not mature enough? Aren't these liquidity pools actually making exchanges completely obsolete?
What do you think?
Posted Using LeoFinance
There's definitely a bigger picture happening here. wLEO is an ERC20 which opens the doors for LeoFinance to be listed on places like Coingecko, major exchanges etc.
With that said, I wouldn't discount the value of a deep liquidity pool on Uniswap. With this pool, it may be easier to buy/sell LEO (especially in larger quantities).
If you look at the HE orderbook, it's often hard to trade more than say $50 at a time. If you buy $50 worth of LEO, it will typically drive the price up several % and the same goes for the other side when selling LEO.
On Uniswap, I suspect it will become a lot easier to trade LEO in these higher quantities (even going into the thousands of $ range). Not to mention the obvious benefit of being able to seamlessly swap from LEO -> wLEO - ETH and then into any other DeFi/dApp project on ETH.
Posted Using LeoFinance Beta
Will you look into the liquidity pools on other blockchains too?
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