I remember at some point WLEO price was somehow tied with the ETH one. Too bad it has decoupled. Had it stayed as such we would probably have a $1 WLEO
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I remember at some point WLEO price was somehow tied with the ETH one. Too bad it has decoupled. Had it stayed as such we would probably have a $1 WLEO
Posted Using LeoFinance Beta
This was because the primary exchange and deepest source of liquidity for LEO, was the WLEO-ETH pair on Uniswap.
That meant that when ETH rose, so too did WLEO (and LEO).
But now that is no longer the deepest source of liquidity for LEO, we've lost what felt like an ETH peg.
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