@leostrategy @khaleelkazi what are your views on a LSTR:LEO pool, with $LEO LP rewards?
LEO up => buy pressure for $LSTR => buy pressure for $LEO (as $reward goes up)
Opposite should not happen as all LSTR purchased LEO remains staked
@leostrategy @khaleelkazi what are your views on a LSTR:LEO pool, with $LEO LP rewards?
LEO up => buy pressure for $LSTR => buy pressure for $LEO (as $reward goes up)
Opposite should not happen as all LSTR purchased LEO remains staked
I think we will do a LSTR:LEO pool but I'm not sure about the LEO LP rewards. Will need to put thought into that
LSTR doesn't need a ton of liquidity. The LP can be relatively thin as it is primarily there for people who want to exit to be able to exit. The LSTR token itself is meant to be HODL'd and speculated on (much like Microstrategy's MSTR)
You buy LSTR knowing that it is effectively an mNav claim on the value of LEO held by @leostrategy - which is always rising with 100% certainty since all revenue buys more LEO
Every day, 1 LSTR is worth more LEO than the day prior. That is 100% certain
thank you for sharing this insight!
:)