RE: LEO 2.0 | Rewards Pool Changes, Buyback Period, Migration to Arbitrum

[leofinance]

1. LEO 2.0 launches on June 25th (inflation turned off, SIRP on INLEO, LEO Page added to LeoDex, migration to Arbitrum completed)
2. 100% of LeoDex affiliate fees buy LEO and stake it as sLEO in a dedicated POL Vault Address for 90 days starting on June 25th
3. After 90 days, sLEO begins paying USDC from 100% of LeoDex affiliate fees
4. POL address has some % of sLEO like everyone else. It earns a share of LeoDex aff fees. Its share buys LEO and stakes it for more sLEO (permanent compounding to create a permanent buyer)
5. No unstaking period

Comments

[caspermoeller89]

What about users who stake LEO on Arbitrum the first 90 days?

[shebe]

It will be not allowed (I think, because there will be no stake availability on Leodex for "normal users" of Leodex).

[leo.voter]

Please don't answer if you don't know @shebe

@caspermoeller89 - the staking contract will likely go live at some point in the 90 days. You can stake as early as you want but USDC harvests won't begin until 90 days from June 25th

[caspermoeller89]

Thanks for the clarification!
Are there any benefit in staking asap then? 😊

[shebe]

OK, so that is what I say... kind of.

[caspermoeller89]

It just says that it could be an option, if I read the long post by them