The Weekly WenSoon Show Recap 5-17-22

in LeoFinance2 years ago

This is a real-time but not real time wrap up as I am typing this while live on the LeoFinance AMA.

I figure why not do something different...I would not expect this to become a thing though LOL.

The theme of the call started of as....

BIG NEWS!

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Communities

They are coming to leofinance in the soonest of soons. Communities will essentially create sub groups within leofinance. Each community will have moderators and show curator picks.

So for instance if you go to the "thorchain" community page you will only see thorchain based posts on that page that have been curated.

This feature will hit desktop first and then push to mobile.

Here is an example of the header for a community page Khal shared on the call:

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Below the header will be the feed of posts.

V2 Vault Incoming - pSPS

The news is already out that there will be a pSPS V2 Vault. That should be launching in the next 24 to 48 hours (but you never know in the sooniverse).

This new vault will give the opportunity to earn yield with SPS paired against PolyCub.

What is really cool about V2 Vaults is governance votes...

xPoly holders can vote on which vaults get more yield. So if you are a SPS lover and hold alot of xPoly you will be able to swing your weight around to vote for higher yields

What is even more important about V2 Vaults....

Is the liquidity and fees being created and generated on polycub. Additional fees are being garnered from things like wrapping which happens just about any time someone wants to grab pHIVE or pHBD and soone to be pSPS as well.

Current V2 Vaults Functionality

  • pHDB was used as the example

Hot wallet, cold wallet and arb wallet. This are the 3 wallets that exist from what I gathered.

My assumptions as I try to type, listen and participate in the call all at the same time is the hot wallet holds HDB available to wrap, cold is the amount staked in HBD savings and the arb wallet is just for that, arb'ng price when buy/sells happen and price moves off the peg.

This is a very broad and simple explanation, you can get better details listening to the WenSoon show, this comes up about an hour into the show.

Other Topics

We also chatted about BTC Price and thoughts on LUNA debacle.

Seems we are all hoping to buy more BTC at lower prices and are expecting (hoping) for it to get lower so we may do so.

LUNA, well there are speculated plans of them doing a hard fork and the way the new token will be distributed to LUNA hodlers.

The cat is not gambling on that one but knows a few people who have.

Bitcoin DCA is my plan for the time, with some leo and hive adds as well.

See ya on the next WenSoon Show...Cat Out!

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I have some LUNA I am waiting to unlock. I will just do whatever I can with that when it is available. Other than that I am likely not going to invest anymore money on that side of things.

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this new WenSoon series gets me pumped up! lol Communities would be pretty awesome for chatting and discussions I really like that in terms of building an niching out engagement! These sub groups I feel are going to be a important building blog for LEO and it's something I've touched base on and recommended in the past. Going to be much easier to find content that is of interest to you.

pSPS I'm pumped for as I actully want to start buying more SPS and doing so via Polygon will be one of those entry methods for be besides Binance so pumped about that as well!

I can see LUNA and UST bouncing back a bit but for it to return to norms It's either going to be a very long time before that happens if ever. A hard fork version I don't see doing well either. Many lessons to be learned on many fronts from all of that.

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I want an #askleo LeoFinance community/subcommunity. Who do I have to bribe for that?

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Pretty sure you just need to tell Khal you want it and commit to being the moderator.

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Are you going to make this a weekly thing? It would be awesome for the times I miss the show and want a tldr way to get up to date on Leofinance.
Wensoon show is a great name 🤣

Hehe, as I mentioned. I don't expect it to become a thing. I may do it here or there. We shall see how I feel next week ;-p

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Am hoping for a BTC dip say 27k with the hope of picking Hive cheaper, pSPS pool in 24-48 hours? awesome! That's happening quicker than I anticipated.

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I was lucky to get some BTC at 26,500 so I agree. I'd like to see it get down to 23-24K.

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‘‘Twas fun listening to everything. Looking forward to what communities will look like.

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The community idea is great! Looking forward to it.

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Should be interesting. There is a normie investing community I could onboard I believe with having their own community possible now.

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I'm hoping for btc to deep to 25k maybe I will see my beloved hive at 0.2$ and buy some btc too

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The WenSoon show is always a good time. Can't wait for communities to go live!

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OMG Communities. :') Let's have them!

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