LeoStrategy is powering down most of its LEO POWER to move the stack to Arbitrum and stake as sLEO, keeping 100k for Threads curation. sLEO starts paying USDC in about a month; plan is to auto-compound by buying LEO daily and staking more sLEO. Net: daily buy pressure and rising LEO per share for LSTR.
https://inleo.io/threads/view/leostrategy/re-leothreads-2chtmtcj9
🎉 Thank you for holding LSTR tokens!
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✅ Preference Updated
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Yes, that's the idea to keep buying LEO off the market with the daily USDC rewards and staking back as sLEO.
Everything is gradually falling in place.
Can't wait for the rewards to start on leodex. Might move most of my LEO there .
Same here. I moved most of my LEO there already and I'm building my stake here hopefully to reach 5k LEO by the end of the year. I wish I could buy more LEO, but I need to complete my first goal for $SURGE first before I can buy more LEO.
What do you intend doing with your USDC rewards? 😊