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?
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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.
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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 :)