LEO Stats Special | Unstaking LEO for wLEO Edition

in #hive-1679222 months ago

The announcement post for wLEO went live three days ago on August 31st. One of the main things about wLEO is that there is a high incentive for the liquidity providers on Uniswap. Everyone who provides liquidity on Uniswap will get airdropped additional LEO over the next three months (on top of the normal fee structure from Uniswap tx's that they'll benefit from).

Recent estimates based on the new LEO prices suggest the annualized ROI will be over 100% for the 90 days that LP incentives are in place. Which could be a major reason why the price has tripled in the last 3 days.

Liquidity on Uniswap is an extremely important parameter and investors outside of Hive are looking closely at it. Having incentive for the whole community to participate in providing liquity is a great move.

It's important to continually highlight the goal of wLEO: we want to involve the Hive and LeoFinance community in the process of providing initial liquidity and volume, but the real goal is in finding people outside of the Hive ecosystem to speculate, HODL and most importantly; learn about LeoFinance and what our project is about.

The goal here is to stir up interest outside of Hive and bring in a new class of investors, readers and writers to LeoFinance.

Share of Staked LEO

The share of staked LEO from the last @leo.stats report - on August 30, a day before the announcement - was looking like this:

89.5% of the circulating LEO supply was staked.

The percentage of staked LEO has always been high throughout the lifetime of LeoFinance (about 14 months): always around 90%. Also keep in mind that LEO rewards are 100% liquid as opposed to most Hive-based rewards structures which force 50% powered up and 50% liquid payouts.

Having this high amount of staked coins shows a great amount of trust in the project but it can also be a problem when a new listing on an exchange is made and a large amount of coins are needed for liquidity. In this case, our wLEO bridge is being created and we're being listed on Uniswap.

Since we need a large amount of liquid LEO to provide liquidity on Uniswap, we've created an incentive program to encourage large stakeholders to unstake LEO and provide liquidity to the wLEO-ETH pair. A minimum of $100 is set for the liquidity providers to be eligible for the airdrop incentives.

Unstaked LEO by Date

Here is the chart for LEO POWER that began the unstaking process over the last 14 days. For reference and comparison, a few days before the announcement were made are also included in the chart - as you can see, not many people unstaked LEO up until now (we've got one of the strongest-handed communities in the world 🦁):

Note that these figures are LEO tokens that have begun the unstaking process. Not finished unstaking.

The LEO unstaking period is four weeks, so each of these candles that started unstaking will be divided in four weeks and distributed weekly.

When compared with the amount of LEO that started unstaking before the announcement, the numbers are almost nonexistent. On the day of the announcement there was 297k LEO that started powering down to provide liquidity.

The next two days showed 118k and 159k (respectively). September 3rd already has smaller numbers with 36k being unstaked.

A total of 633k LEO was put in powerdown in the period above.

Who is Powering Down?

Here is the chart for the top 15 accounts that started powering down.

@rollandthomas is on the top with 150k LEO, followed by @steemstreems with 111k LEO and @khaleelkazi with 60k LEO.

If you've been watching the Discord, then you'll know that all 3 of these top accounts will be using their LEO to provide liquidity to the Uniswap pool.

Also, the vast majority of people on the list have already confirmed in Discord that they're going to provide liquidity to the Uniswap pool.

This means that more than 500k LEO will be put in the Uniswap liquidity pool right at the start by the top stakeholders. Out of the 4.6M LEO currently in circulation, this is more than 10% of the supply.

Interesting times ahead 😊

To finish things off, here's the LEO price chart in dollar value!

Clearly, the community is excited to participate in the Uniswap liquidity pool incentives.. LEO Hit $0.18 on the most recent candle (reaching parity with the price of HIVE for the first time ever).

steemleo black token divider.png

Join Our Hive Community & Earn LEO Rewards!

Earn LEO + HIVE rewards by creating crypto/finance-related content in our PeakD community or directly from our hive-based interface at https://leofinance.io.

Track Hive DataBlog & Earn LEOLEO FAQ
HivestatsLeoFinanceLearn More
Trade Hive TokensLearn & ContributeHive Witness


Report by @dalz

Posted Using LeoFinance


I wonder if all are aware that when wrapping LEO and adding to the liquidity pool, a matching amount of ETH also needs to be put in. Thus, if you are putting on $1,000 of LEO, then $1,000 of ETH also is required. This is to keep the pool balanced.

Posted Using LeoFinance Beta

Yes this is a great point! Not sure also are people aware of this. Good that you bring it up, so people will get familiar. I guess these crypto pips might have some ETH laying around :)

Posted Using LeoFinance

Some ETH is one thing. However, if LEO is pushing 10 cents and people are looking to put in 60,00 or 70,000 LEO, then they better have a bunch of ETH, especially since the price of that is dropping like a rock.

Posted Using LeoFinance Beta

Now that is a very good thing to remind people of!

Posted Using LeoFinance

Really excited for this. Love how hard the team is pushing into new territory, particularly with all the buzz around uniswap/defi/wrapping at the moment.

Also note that there must be a ton of accounts that are in undelegation mode from their alt accounts...a necessary evil before they start their power down process.

And like taskmaster mentioned above they better be informed before any nonrational decision

Yes ... I'm experiencing the undelegation period myself :)

Should of put a chart for the undelegated tokens as well.

Posted Using LeoFinance

That's actually a little bit less than I thought, and it might end up being even less - i know I'm not intending to let my 8K PD go all the way, I'm probably going to stop it after 2 weeks, maybe 1 week.

Posted Using LeoFinance

Yes true that ... some will cancel it after few power downs.


I guess a great portion of PD is going to be sold to the little ones desperately trying to join the move with wLeo

Posted Using LeoFinance

It's really very exciting things happening around LEO. The tokenomics of LEO is going to change drastically over the next few weeks and perhaps we'll having a brand new LEO

Posted Using LeoFinance

wow price party with HIVE, that's nuts, I hope LEO becomes the first token to outpace HIVE so it can show people the power of second layer and that tokenomics of a different kind can be implemented. Looking forward to seeing all the new development I mean with all this, there should attract some new eyes to leo too

Posted Using LeoFinance Beta

How do you like the beta :)

Posted Using LeoFinance Beta

Lol really enjoying it still see no scheduler though so I couldn’t set my posts up for the week but it looks good looking forward to all the new updates coming

I wish it was not connected to Ether , it can be a big problem and big fees .
But it is a great move

Posted Using LeoFinance