Spinvest pool for WLEO/ETH liquidity pool - update.

So I still haven't figured out what to call this pool yet. It is a pool, for a pool, a pre-pool, or something else. Maybe it should be called SPEW...

  • Spinvest
  • Pooled
  • Eth
  • Wleo

Hmmm - anyone object to calling this project SPEW?


On to more important matters.

We now have 11 people that have contributed their hard earned LEO into the pool. This is really exciting for me to see, as the whole point of this was to allow smaller accounts to get involved in the WLEO expansion in an easy, but tangible way. Hopefully those participating will learn by following along with the progress of the pool, and hopefully enjoy some decent returns also.

WLEO.ETH pool.png

As you can see, we are now up to 11709 LEO contributed. If you are keen, it's still not to late. As a result of the unavoidable delay to the launch of WLEO (thanks to Ethereum network congestion) I'll keep accepting deposits up till the WLEO launch. Once WLEO is launched, I'll close down deposits for a bit, to process everything, get the matching ETH from Spinvest, and get our funds into the Liquidity Pool. Once everything is processed, I'll open up if there is demand for a second round of contributions.


Now we wait for WLEO


Check out the previous update post and the original announcement post for more information.

In fact, please ensure you have read that original post before sending any LEO. It contains some important warnings and info that should be carefully considered before participating.


Tagging participants as an FYI: @spinvest, @jk6276, @tandara, @forexbrokr, @tbnfl4sun, @pouchon, @eirik, @shanibeer, @oakshieldholding, @jocieprosza, @josediccus, @roger5120


Thanks everyone, enjoy the rest of your weekend,

JK
@jk6276.

Posted Using LeoFinance

Sort:  

Hey @jk6276,

I hope it's not too late to join. (According to this post, it's not, unless wLEO was just launched.) I'd like to jump into your spew pool!

Quick background story: Until yesterday I didn't even know about wLEO, what it was, or this liquidity pool with its reward bounty. I had just come back from the desert of disconnectivity, and a post by @revisesociology got me interested in it. After a few hours of deep-end immersion in posts and videos on LeoFinance, I knew I didn't want this opportunity to pass by. I actually have about a third of an ETH (0.34-something) that I thought I should do something with, and I have enough liquid HIVE to buy the equivalent of LEO for it (that should be pretty exactly 1000 LEO at the moment). But then came the cautioned advice regarding the GAS fees. Though this amount of LEO and ETH would qualify me for the bounty, it could be eaten up by the GAS prices.

So instead, I am looking at your SPEW pool (kinda cool name, IMO). I've just read the previous two posts, and feel pretty good about sending my LEO to @spinvest-eth. (Done.) But what about my ETH? Can you make use of it too? I could trade it for wLEO once it's launched, and send that into the SPEW pool too... But wouldn't it be easier, and more useful, to use it for the ETH side of the SPEW? Please let me know, and if so, I'll send it to the ETH address provided.

Anyway, thanks for this awesome initiative. I can't wait to see where it goes. (To the moon, of course, where else?) 😋

Hey, great to have you onboard. If you would like to add your ETH into the pool, that will work. I can add it to the tally, and udpate your pool share tomorrow.

I can't wait for this to kick off now.

Cheers,

Jk.

Awesome! So just to make sure: The ETH wallet I should send it to is the one mentioned in the original post, right? This one: 0x9744dF35394B77860337d4b17a844B87EF341e83

That is the correct address. The amount of leo that everyone has sent has been fantastic, but it has left us a little short on ETH now so your addition of ETH will really help, plus add to your share of the pool.

Appreciate the support.

Okay, my ETH is sent out. Could you please verify when you've received it?

And yes, it seems like your SPEW pool has worked well, at least there are quite a few of us who are interested in it. Congrats! Now let's hope our investment will be worthwhile too.

I'm glad my ETH can be of some use, other than just sitting around in my wallet. Looking forward to the launch, and the next update post, featuring my name on the list of participants. :-)

I can confirm the spinvest-eth Ethereum wallet has received 0.343475 ETH, and have updated the pool data accordingly.

WLEO.ETH pool.png

Posted Using LeoFinance

Yup, that was it. Thank you!

Awesome, awesome, awesome!!! And look at that: our SPEW pool is worth almost 23K LEO!!! Mind if I publish a post about this tomorrow? I mean my looking into the upcoming wrapped LEO, and my intent of jumping into the wLEO liquidity pool, then finding this wonderful SPEW pool? It may even get some more folks interested in the last minute, though I'm sure those who follow what's happening already know about this.

Go right ahead - always happy to see people posting about this.

Total funds we have so far is $4700 altogehter, should earn us a nice little chunk of the bounty, depending on how much ends up in the pool altogether.

Posted Using LeoFinance

No objective to calling it SPEW I think Monday would still be the deadline right, or is it still open after Monday?

I figure I'll just keep it open till the WLEO actually launches. No point cutting it of before they get the Uniswap pool opened. Last I heard, that was planned for Tuesday, but we'll see.

I'm waiting to see who reacts to "SPEW" - here in Australia it is slang for vomit. Not sure if it is elsewhere in the world???

Posted Using LeoFinance

I am still interested but have nly 250 un staked so far have another 250 I am un staking just not got it done yet so I wil have to wait till the second round

No worries mate, will open up once we get this first round settled. Looking forward to having you onboard.

Posted Using LeoFinance

500 is too much for me. It seems a bit risky too. What if nobody wants to trade ETH-Leo, the income comes only from trading fees, right?

There is definitely risks involved, no doubt. It's something that some people want to get involved in, and some don't. I am hoping the process and documenting how it all works will be useful for educational purposes, as well as making some rewards for people that couldn't participate on their own. As @dalz said, we don't know what will happen, but this pool can give people that may want to a chance to get involved without needing a whale sized stake - plus matching ETH.

Posted Using LeoFinance

Hm, when is the deadline? Still thinking...
The 500 should be sent to @spinvest-leo?

Its open now till wleo officially launches. Send to @spinvest-eth as the seperate account set up to admin this.

It comes from trading, as the base function of Uniswap...but, on top of that leo is giving out a 300k Leo incetives for LP, in the first 90 days. Thats the bonus.

Thanks, I was not aware. Still, seems not sustainable. What prevents people from dumping their holdings after getting the bonus?

Well I dont know how the market will play out :)

Since everyone is a stakeholder, they should care of the value of their stake. Leo liquidity providers will be mostly leo whales, so they should care even more :)

This said, most likley their will be some incetive after the fisrt 90 days, maybe redirect some of the author/curation rewards to LP providers, long term.

Also new development is on the way, new apps, and even more exchanges listing, dex, cex etc, that will make the project suistanable long term .... hoppefully :)

Spewing it over right now, Yuck! I like it!

Posted Using LeoFinance

Haha, was wondering who would react to SPEW. I'll think of something less gross to call it - maybe the LEO pool party or something??

Posted Using LeoFinance

Yes, the pool party is awesome!!!!

Posted Using LeoFinance

!BEER

Posted Using LeoFinance

Too much !BEER and I might SPEW. hehehe.

Posted Using LeoFinance

Sorry, you don't have enough staked BEER in your account. You need 24 BEER in your virtual fridge to give some of your BEER to others. To view or trade BEER go to hive-engine.com


Hey @spinvest-leo, here is a little bit of BEER from @pouchon for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.

There’s no way I could get 500 Leo right now, but I’m very curious how it all will play out.

I hope we will indeed see Leo go up to 1-2 dollars per token. And I will be taking profits all the way up.

I have put some orders at 1 and 2 hive per Leo.

It's going to be interesting to see how the market moves over the next week or two.

Posted Using LeoFinance

Very interesting indeed

Name is pretty cool!

Posted Using LeoFinance

Hopefully we will SPEW lots of LEO profits for everyone involved. ;-)

Posted Using LeoFinance

A good one!

I also spewed some LEO over xD

Thanks @dera123 - always appreciate having you onboard with my projects via spinvest.

Posted Using LeoFinance

Just finding out about SPEW @spinvest-leo and wanting to join the "Cause," here is my investment transaction:

image.png

https://he.dtools.dev/tx/f09eafe8a5ba419135fc9b6f299d7e4025b045c8

Seeing in this post reference to also investing some ETH into the pool, what is the minimum to participate in that way? I did see the minimum of 500 LEO, but did not see a minimum for ETH. That is, if you would like us to still consider that option for an additional means to participate.

Looking forward to seeing how all of this turns out! 🦁👍

Posted Using LeoFinance Beta

Hey @roleerob - I have got your LEO recorded and added to the list - welcome to SPEW! The ETH would definitely be handy - Spinvest has just added in another 5, but with the latest increase in LEO price we are still a little short of fully matching amounts.

Anything you'd like to add will be noted, as you have already met the minimum with your LEO contribution.

Just let me know here or on discord (jk6276#1893) If you put in ETH so I can match up the deposit.

ETH address if you are keen is: 0x9744dF35394B77860337d4b17a844B87EF341e83

Cheers,

JK.

Okay @jk6276. Thank you for the prompt response. Let me take a look at a couple of things and get back to you. It helps knowing there is no minimum, so ... I should be able to do my small part, but ... I'll let you know here in a bit. 👌


P.S. One factor will be these ridiculous fees. They don't really make small transactions sensible ... If I put it on the "slow boat" though? We'll see ...

Posted Using LeoFinance Beta

Update: Okay @jk6276. Done. Sent 0.25 ETH "across" via an "economy ticket," so didn't hurt too bad ...

image.png

https://etherscan.io/tx/0xbed05fa607d7569a851ae002566f685ccd01742d25d894a7ebe41c21c4233435

Covers ± my LEO invested in SPEW, so ... Doing my small part to cover the "wrapped" details needed, for my share ...

Onward and upward! 🦁 🚀

Posted Using LeoFinance Beta

Got it. 👍

WLEO.ETH pool.png

There you are - Thanks for joining in.

Very good. Thank you sir! 👍

Posted Using LeoFinance Beta

Great to see this option coming together for the "little people" here on our Hive blockchain @spinvest-leo / @jk6276.

Countdown approaching zero before launching into this and finding out together how this all turns out! 👍

________________________

Manually curated by the Man Cave community!

(in support of our LEO investment)

@roleerob

Posted Using LeoFinance

Is it possible to earn leo through delegating leo to you?

Congratulations @spinvest-leo! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You distributed more than 32000 upvotes. Your next target is to reach 33000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @hivebuzz:

Update for regular authors