RE: Watch Out For LeoFi

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Looks promising if we can we can transact with little to no cost. I think there are a few issues that needs to be done before this can happen: 1) Leo needs to be better known and make normal people start investing and 2) enough capital to ensure liquidity for general transaction. I think if we can reduce the transaction cost, more people will be willing to start investing in the program. Just like how new people started entering the stock market after robinhood started similarly for the normal stock market (although they made that up by selling people's order flow)..



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It only takes a bit of a crack and the floodgates opened. Looking at what happened on Ethereum last year with DeFi shows the power. People flocked to those applications.

A couple of success stories on Leo would do something similar in my view. This is especially true since it would not have the absurd fees like on Ethereum.

We will see how it all progresses but the idea, I feel, is valid.

Posted Using LeoFinance Beta

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