Wrapping LEO | Data on LEO wrapped by date and accounts

in LeoFinance9 months ago

The launch of WLEO has brought a lot of buzz to the community.

It's been a week since the project launched publicly and bridged LEO from the Hive blockchain to the Ethereum blockchain. In this week, more than $300k USD in WLEO-ETH liquidity has been added on Uniswap and the token has been listed on several coins aggregators like Coinmarketcap and Coingecko. Having an ERC20 token has its advantages.

Let’s look into the numbers of LEO wrapped by date and accounts.

The possibilities for use cases on ETH can be huge. The obvious one at the moment is DeFi and expanding into this growing ecosystem.
Listing wLEO on Uniswap is merely scratching the surface on a multi-year roadmap that LeoFinance has in store for the Hive-ETH cross-chain token bridge.

Amount of Wrapped/Unwrapped LEO Per Day

These are very early days, but there is a lot excitement surrounding our project and the idea of wrapping LEO. There is a 90 day liquidity provider bounty of 300k LEO tokens, so a lot of users are entering the pool in order to get their share of additional rewards for providing liquidity early on.

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On September 23rd - WLEO's launch day - there is a massive 693k LEO wrapped. The bar on the chart for that day is cut of for better visibility.

The community had known about WLEO for just over 2 weeks at this point, so many had their liquid LEOs locked and loaded for when the pool opened up.

In the days that followed, there were less LEO wrapped - again, as most liquidity was liquid and waiting to get in to the pool off the bat - but still in the range between 20k and 100k LEO per day.

In total, more than one million LEO was wrapped in the past 7 days.

Unwrapping LEO?

What about unwrapping? Do users unwrap LEO? Yes they do (often to arbitrage the exchange price between Uniswap and Hive-Engine), although a small amount compared to the wrapping numbers:

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A total of 125k LEO was unwrapped in this period, with two large transactions. The first one on September 23rd where some testing was happening most likely from @leofinance and then again on September 29, when @empoderat decided to buy 60k WLEO on Uniswap, unwrap it and power it all up to acheive 100k LEO POWER 😊.

Top accounts that wrapped LEO

Who is doing most of the wrapping?

Here is a chart for the top accounts that wrapped LEO:

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The official @leofinance account on the top with more than 200k LEO wrapped. Next is @onealfa.leo with almost 200k LEO wrapped. He is by far the largest non-official account that has wrapped LEO. @themightyvolcano on the third position with 59k LEO, followed by @rollandthomas with 42k and @nealmcspadden with 40k.


At the time of writing this, the @wrapped-leo account has 883k LEO in the wallet. The LEO in the liquidity pool is around 780k LEO with a matching amount of ETH. As things stand there is a high probability for the pool to continue to grow even more, since the promotional period lasts 90 days, and we are only 7 days into it.

With the numbers above WLEO has surpassed a lot of people's expectations and it continues to growing exponentially. We'll see how things plays out as WLEO matures and expands to other dApps on Ethereum.

New to Wrapped LEO? Learn More at https://leopedia.io/wleo

 

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Report by @dalz

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I’m liking what I see..:) Cheers!

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Me to :)

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The growth in wrapped LEO is amazing and at a speed near that of light. Good to see this stats. Serves as encouragement to others.

Good work Dalz

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Thanks!
I think nobody was expecting things to play out like this in the first week :)

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Be interesting to see the data on the smaller accounts too!

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Hey cheers!

!ENGAGE 20

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

The growth rate is astonishing, hoping to see it's expansion to other dapps on Ethereum. Leo to the moon

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Yep it is :)

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Great stats and glad to see such an initiative succeed like never before. This is a proof that can speak by itself for other things to come, like first major listing of a Hive community on an external exchange. Let's see who will win the race.

Congrats for the hard work and persistence, seems to be starting paying off.

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A whole new world :)

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The launch of WLEO has brought a lot of buzz to the community

Can't agree more

Bzzz :)

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#Wleo has bring fire to the blockchain via #leo.
Now we have another way of moving #leo out via #uniswap.
I wish to see more liquidity within #leo via #hive-engine.
The price is kicking high.
Time will come.
That is a great September to remember

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Strong hands HODL Leo's. Who wants to sell em under $5 ???

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That is a great September to remember

Indeed :)

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How the Liquidity Providers on Uniswap will receive their bounty?

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I think that would be in ETH wallet. I am not sure though, this looks the logical option as there is no option for claiming the bounty or, at least, I am not aware of.

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Thank you!

If you wrap first, then provide liquidity, payouts are bi-weekly on Hive.
If you provide liquidity directly without wrapping payouts are monthly on Eth.

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You missed taskmaster4450 on the fourth position.

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True ... He is in the chart, just didnt comment him :)

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👌

I'd love to see data on how many eth wallets have swapped or LPd without a linked HIVE account. Be interesting to see if there is outside interest yet.

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Khal have those, but not much I think ... a few ... for now :)

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Hopefully we will see the number steadily climbing over time.

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Me 2. My guess would be - no more than 2-3 so far.

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Get your wrapping done before Christmas lol smart move, looks like its going to be a great festive season

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Yep right before Christmas :)

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Ohhh, I just can't stop wrapping... 😄

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Mexican wrap :)

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test edit

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