As stated in this Thread, we have just initiated a powerdown of (most) of our LEO POWER
LeoStrategy can and will never sell our LEO. Our fund is keeping 100,000 LEO powered up for Threads curation while moving the rest of our LEO to Arbitrum to be staked for sLEO
This LEO will remain permanently staked in the sLEO contract. sLEO's USDC rewards begin paying out exactly 1 month and 1 day from today, so we will ensure our entire LEO stack (except for the 100k LEO POWER) is staked and earning on day 1
As LeoDex grows, USDC rewards will be earned by LeoStrategy. 100% of our USDC inflows from staking rewards will purchase LEO on Maya Protocol and stake it for more sLEO (Autocompounding daily).
This creates daily buy pressure on LEO and also accretes pristine LEO Per Share to our balance sheet for LSTR holders to enjoy a continuously up-and-to-the-right effect on LSTR tokens' LEO value
https://inleo.io/threads/view/leostrategy/re-leothreads-2rxwieisf
the fees is still 10.5%?
How exactly are you transfering LEO from Hive Engine to sLEO?