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RE: LeoThread 2023-10-29 23:58

in LeoFinance7 months ago

After a lot of discussions, I think we've come to the conclusion that burning is not the best way to build long-term value

The float of $LEO is already so low. Most is powered up

The main issue we have is liquidity. So the long-term benefit of having permanent liquidity that constantly is bought and then deployed to LPs seems to be the best long-term value add for the ecosystem

Imagine $5M+ across the LEO liquidity pools that is permanently held there, never to be removed

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A hard concept for people to understand. The default mindset in crypto is to burn.