What is the effect from the recent LEO price spike? LeoFinance Weekly Stats 08/31/2020 to 09/06/2020

in #hive-1679222 months ago

Welcome to the weekly edition of LeoFinance stats report.
This is a weekly report covering August 31 through September 6th.

The announcement for wrapped LEO and the incentives for the liquidity providers was made on August 31st wich lead to a spike in the LEO price. How has this effected the overall numbers? Let’s take a look.

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The following topics will be covered:

  • Issued LEO Tokens
  • Top LEO Earners
  • Rewards to HP delegators trough the leo.bounties program
  • Daily stats on tokens staking
  • Share of tokens staked
  • Top Users that staked
  • Unique number of LeoFInance users
  • Posts/comments activities on the platform
  • Posting from LeoFinance.io interface
  • Price Chart

Issued LEO Tokens

Let’s take a look into token issuance and how it is distributed over time.

Below is a chart that represents the cumulative issued LEO tokens.

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A total of 6.84 M issued LEO tokens.
Notice that the LEO token doesn’t have a large inflation compared to the base supply and is slowly increasing its supply. Note that burnings are not taken into consideration in this chart. That will be presented below.

Next is the issued LEO tokens from last week. Here is the chart:

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On average there is 6.8k LEO issued daily in the last week.

Let’s see how these tokens were distributed.
Below is the chart of the top 10 LEO earners this week.

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@rollandthomas is on the first place with 2.3k, followed by @khaleelkazi and @taskmaster4450 on third place.

Reward to HP delegators [Bounties]

The LEO platform has a reward mechanism for HP delegators to the @leo.voter account. Users who delegate their HP to the @leo.voter receive daily payouts in the form of LEO tokens at a rate of ~16% APR.

Having more HP delegated to the @leo.voter account provides an incentive to users to use the platform and continually grow the ecosystem.

image007.png
@onealfa on the first place followed by @tomhall and @bestbroplayer.

These rewards seem to be a bit down from the last week.

Staking LEO

Below is a chart that represents the daily flow of staked and unstaked LEO tokens. A positive bar going up shows a day where more LEO was staked than unstaked.

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July 2019 is excluded from the chart for better visibility. Those are the first days and there are a lot of tokens staked.

Let’s take a closer look at the past week:

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As mentioned, the above is net staking chart. Staked vs Unstaked.

We already know that a lot of leo whales started unstaking with a purpose to provide liquidity on Uniswap. LEO unstaking period is 4 weeks, in 4 transactions each week. As we can see this hasn’t come in effect yet.

Started Unstaking LEO

Here is the chart for LEO that has been put in power down.

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As we can see on August 31 there is a massive 297k LEO put in power down. The first transaction of ¼ of these is due today.

Below is the chart of the top 10 users that staked LEO last week:

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@whatageek is on the top with 9.8k LEO staked, @huntforsteem on the second place and @themightyvolcano on the third place.

Also, a chart for the top 10 that started unstaking.

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Most of the users above have already stated that they are going to move LEO to provide liquidity on Uniswap.

The Overall Flow of the LEO Token Supply:

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The sell wall of near 2 millions has been burned and we now have only the liquid and staked LEO.

Below is a chart of the ratio staked/unstaked tokens.

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88.7% LEO staked!
Still not a big change in the amount of liquid LEO. Only a half percent drop since the last report. Should be more the next week.

Out of the current supply 4.7M tokens, 4.17M are staked and 0,53 M are liquid.

LeoFinance Users

Below is a chart with the number of unique users that posted from the LeoFinance frontend.

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A total of 1168 unique users have posted from the LeoFinance frontend.

In the last period there is an increase in the number of new users.

Monthly Active Users Posting from LeoFInance [MAU]

Here is the chart for the monthly active users that posted from the leofinance.io interface.

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After the jump in MAU in July, August has seen almost the same numbers. September should be interesting :).

Activities on LeoFInance

Below is a chart of the LeoFinance activities with the numbers of posts from the LeoFinance interface and posts with the #leofinance tag.

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As we can see the price increase has done it part and there is increase in the numbers of posts coming from leofinance.io.

Here is the chart showing only posts made from the leofinance.io interface.

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On august 31st there is 101 posts made from the leofinance frontend. This is a record high number if we exclude the previous spike due to spam.

LeoFinance has introduced a 10% incentive for posting trough the native frontend. When users post from other frontends and just with the leofinance tag they have 10% less rewards.

Price

All time LEO price

It is interesting to look at the LEO token price, keeping in mind the crazy ride that HIVE had in the previous month.

Here is the price chart in dollar value with proper daily candles:

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If not the short term spike that happened back in September 2019, this will be the ATH for LEO.

LEO price in the Last 30 days

Here is the price of LEO in the last 30 days also in dollar value:

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LEO was trading in the range between 3 and 4 cents and in the last week it has exploded reaching 18 cents at time, reaching parity with the price of HIVE. In the last days it seems to be consolidating around the 10 cents mark that is basically x3 from the recent price. Although things are still volatile.

 
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Report by @dalz

Posted Using LeoFinance












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The Leo unstake has been massive for the wLeo but I hope this doesn't affect the currating of blogging on leo in itself. Well nice starts more or less.

Thanks!

Will see what the effect will be. In general the less leo staked the better for the ones staking it. Same goes for Hive as well.

On the other side there is incentive for providing liquidity on Uniswap.

Posted Using LeoFinance

It would be very interesting after a large chunk of LEO gets unstaked for LP in wLEO. Curation would also get juicier for the remaining stakes. It's all win-win for LEO.

Posted Using LeoFinance

Yep and with that comes the ability to spread the token distribution out even more. That that are remaining will have higher VP which translates to higher payouts for those they upvote.

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Congratulations @leo.stats! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You received more than 6000 upvotes. Your next target is to reach 7000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @hivebuzz:

HiveBuzz supports meetups of the Hive UK Community
Feedback from the September 1st Hive Power Up Day

How will this change when the new interface goes live?

Posted Using LeoFinance