not always but for the most part it holds pretty close to it. This mainly comes down to how much liquidity is in it. The more there is the less it's subject to quick moves up and down.
pLEO stand for a Polygon (MATIC) wrapped version of the LEO token here on hive. It allows for LEO to be used on the polygon network for swaps and #defi 2/5
The #defi platform that uses this token is called Ploycub at https://polycub.com and it used with the trading pair under farms for pLEO and wMATIC wrapped matic. 3/5
This allows you to quickly swap LEO for Polygon and vis versa and has been a powerful tool for both Hive and the LEO token. If you want some quick LEO tokens and have Polygon tokens this could be a great way to get your hands on it.
What about the price? Is it always bought and sold at the same price as the original $LEO from hive engine?
not always but for the most part it holds pretty close to it. This mainly comes down to how much liquidity is in it. The more there is the less it's subject to quick moves up and down.
pLEO stand for a Polygon (MATIC) wrapped version of the LEO token here on hive. It allows for LEO to be used on the polygon network for swaps and #defi 2/5
Ready to assimilate that,
The #defi platform that uses this token is called Ploycub at https://polycub.com and it used with the trading pair under farms for pLEO and wMATIC wrapped matic. 3/5
This allows you to quickly swap LEO for Polygon and vis versa and has been a powerful tool for both Hive and the LEO token. If you want some quick LEO tokens and have Polygon tokens this could be a great way to get your hands on it.
Wrapping and upwrapping of the pLEO token can be done on https://wleo.io/ this also includes hive and HBD! 5/5
I know wrapped Leo but haven't heard of PLEO before!