You are viewing a single comment's thread from:

RE: Geyser versus LeoBounties - Is the LP Really Worth It?

in LeoFinance3 years ago

Interesting stats here...I've not been quite as adventurous as you, but I'm in the Cubdefi as well. I should have sold I should have bought, can crypto people ever free of this plague?

Right now, I'm not really concerned about the funds I have on different platform, with the way they have performed or are performing I want to zero my mind from them.

Right now I'm more concerned about putting some stables together so I can survive the bear period in case that's where we are.

To answer your question, if ETH starts to go up and Wleo starts to follow, will you be able to make back the amount you lost to impermanent loss?

Posted Using LeoFinance Beta

Sort:  

Not so sure about this.... If ETH starts going up, that would not necessarily pull WLEO up with it. At least, it hasn't happened in the past. In fact, that is what I believe caused my impermanent loss in the first place: Sure, people could spend their WLEO in exchange for my highly priced ETH, so it was quite understandable. On the other hand, it was when LEO was going up that WLEO rose in value. So honestly, I don't really see much of a chance to get back my lost ETH simply by staying in the pool.

So the only way you can make profit back is if Leo starts to pump....thats tight

Posted Using LeoFinance Beta

Well, I'm still in the plus, thanks to market gains. But like I said, I would have gotten that anyway, even by just holding the ETH in my wallet.