@leostrategy is going to put all it's $LEO to stake as sLEO on ARB, maybe LBI can just buy some LSTR instead of managing our own sLEO position?
Long form post out to gather opinions link below.
@leostrategy is going to put all it's $LEO to stake as sLEO on ARB, maybe LBI can just buy some LSTR instead of managing our own sLEO position?
Long form post out to gather opinions link below.
I personally think it is a good idea
LSTR is going to be a leveraged ETF play on LEO (once the round is fully committed, we'll be able to see premium expansion on the mNav)
Then, LSTR raises more and more capital to buy more and more LEO. Stakes all the LEO as sLEO and generates accretive yield which expands the mNav premium further
I want to see LSTR's full initial sale get sold out. Then we can see the true potential of it. Watching Microstrategy and other BTC strategy companies flourish is giving me a lot of ideas on how we can do this for LEO
Cool, I like the concept, and definitely see the merits.
Have some questions in the long form post - particularly about an OTC purchase instead of selling our LEO to buy HIVE to buy LSTR. a direct LEO - LSTR swap would save slippage?
Just dropped a comment there for you
Yeah, we could do that. If you want to make an offer of the LEO - LSTR swap, I will take it to the board and see if its approved by everyone. If approved, we'll get it done for you guys
Would love to see LBI involved. Longest standing LEO-based project deserves to be a part of this
I have been a close student of BTC Strategy companies and with me in charge of LSTR, I am convinced we will build something big
DM sent on discord.
that's the spirit,and many of us are eagerly waiting for that it will be a good project
what a brilliant idea,if BTC can get to where it is today I believe Leo can do same especially when this approach is applied,Leo gonna go places
That would be a smart thing to do. It will be, over time, a leveraged position.
Do you know if they could do an OTC trade - I'd have to sell LEO to buy LSTR, who would then just buy the same LEO causing price fluctuations and slippage for LBI.
Could we just trade LEO for LSTR directly?
I would not see any reason why that could not be worked out. It would make sense on both the LEO pricing end of things.
On your post, I forwarded that to Khal via DM to answer the questions. I believe he has the ability to work that type of deal but I cannot say for certain. We havent delved too deeply into that type of stuff.
All good, still have to get LBI holders approval for this anyway, so no rush to work out the details.
Thanks Task.
https://inleo.io/@lbi-token/should-lbi-change-its-leo-strategy-c2r