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RE: Ethereum 2.0! | What it is? When does it starts? | The Basics

in LeoFinance5 years ago

Cream has an incredible ETH 2.0 staking scheme, you stake with them they give you cream, then you add your free Cream to another specific cream-token XX pool and they give you a lot of token XXY, which you can use to deposit cream and token xxy in another LP, which gives you token xxl, which you can add to another LP with cream obtaining another token. All in all its five LP pools basically for free using free tokens and 50% APR on your ETH.

Its convoluted and I am still wrapping my head around it and unpacking it, but it's taken off since they opened in late November.

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Geez .... inception :)

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LOL ! DeFi is amazing, Cream is the 8th largest DeFi platform now, based on USD locked in contracts and growing I think due to creative ideas like this. The founders are LP providers, so they are constantly creating new projects based on the idea of serving the LP provider better, as in what would be great for them. It's created this phenomenon of changing their offerings every week. This latests one to attract ETH hodlers is over the top, but the Liquidity Pools create demand for the tokens,and each is paired with the platform governance token, so as long as the project has value, the governance token has value and by extension the tokens have value.

I am still wrapping my mind around this concept in Liquidity Pools where the success of the LP pair causes transference of value from the popular token like Ethereum to the paired token, like WLEO. Do you understand it?