We are seeing things really taking shape. A few announcements this week got the entire Hive community in general, and the Leofinance community in particular really excited. There is a good reason for this. We are seeing some things rolling out that are truly amazing. It is now up to all of us to keep the ball rolling.
One of the things that we are seeing is the push towards adding more value to token holders. This started with the Leo Ad Revenue being sold for LEO and distributed among the Leo Power holders. This is being done in an effort to increase the APY that is provided.
Previously, the ad revenue was used to purchase, and then burn, LEO. This helped token holders a bit since it reduced the float. However, the idea of burning money is never a good idea and Leofinance advanced passed that stage. There is no reason to head in that direction when the project is undertaking strong business building strategies. It seems in crypto, everyone wants to burn tokens as opposed to actually constructing something.
Nevertheless, we see the shift with Leofinance.
Pushing Value To xPOLYCUB
We do not need to go through all the different ways that are planned to generate revenue that will be fed into xPOLYCUB. This was covered in a number of articles and videos already. However, there is one that was put in a recent article that really caught my attention.
We are all excited about the pHBD-USDC pool that is being built for Polycub. There is little doubt it is needed, and badly. The idea is to get as much liquidity in there as possible for HBD. This is going to be paramount if the 20% HBD savings rate is going to be utilized in any sizeable manner.
While the LP itself is interesting, what caught my eye was this:
- pHBD Wrapping and Unwrapping Fee: a 0.25% fee is accumulated when wrapping and unwrapping. This fee is paid to PolyCUB's Protocol Owned Liquidity and PolyCUB will deposit it back into the pHBD-USDC Vault (meaning that it adds to permanent liquidity for HBD while also bolstering PolyCUB's reserves)
This is huge. We all know the bLEO and pLEO bridge charges 1 LEO per transaction. It is something that makes sense since it is Leofinance's main token. Having that extended liquidity only benefits the entire ecosystem and isn't meant to be a major profit center.
HBD is obviously a Hive token. Here is where we see the ability to help out the Protocol by building the Treasury. Simply put, the more fees that are generated, the more of a stake in the pool the Protocol will have. This means that whatever is generated and owned by the Protocol will be fed into the xPOLYCUB contract.
Certainly this will enhance things for holders of that token.
One of the biggest takeaways from this is the fact that we can see a nominal fee being charged that can generate a large amount of revenue. Since the bridge between Hive-Polygon-BSC will be in place, this could be a great "toll" to collect. Here again, it only goes to enhance the value for the holders of xPOLYCUB.
Over time, this could amount to a large sum of money if the bridge is heavily used. At this moment, accessing Hive is not easy and this might be a great way to do it. Simply pick up some pHBD (or eventually bHBD) and move it over into HBD.
Like anything else, if things become really active, millions of dollars could be traveling through there on a regular basis.
Post-Inflation
Much of the cryptocurrency world cannot envision a situation without rewards coming from inflation. This makes sense since we do not see it very often. Much of the DeFi world say projects crash because the only thing they could provide was rewards via inflation.
Leofinance is taking a different approach. As we can see, there are voids being filled. The team is building things it believes will be used. Does a HBD bridge make sense? Of course it does. So too does a liquidity pool for that token. There are really none out there. What does this do? It generates revenue. I know this is a novel concept but, what the heck, let's try it.
Here is where the leveraging of what is being build in different areas starts to enter. There is already a presence on BSC. Now we are watching Polygon being embarked upon. Down the road we know there will be other EVMs chosen. All of this is going to require cross-chain connection.
The idea of generating value (in the form of revenue) and passing it along to the holder of the tokens is a major step forward. We can see the excitement that was created with the announcement of the new Leo Ads model. Having our returns increased through the rewarding of those who stake the tokens is a winning idea.
We are entering a new era of cryptocurrency. Not only are we seeing the shift away from a realm of nothing more than speculation, we are also seeing the emergence of business operations and how to create revenue.
Leofinance seems to be right in the middle of it.
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I am curious about the first LEO payouts from Leo adds. As I said a few days ago, LeoFinance is gradually turning into a society. Compounding all day everyday...
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Imagine what will happen if we actually get some growth around here. We have about 1,000 MAUs. What will things be like with 5,000?
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That's a vision for the next 3 years. It may be slow but we'll get there.
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I would venture to say it is going to be quicker than 3 years. We are starting to penetrate some things with the marketing. It is a slow process, you are right but only in the early stages. We just started the concerted effort in "marketing" things.
Give it about 6 months and see where we stand. I am going to venture to say we are much further along and that number will be a lot higher.
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While we're building the bridges with marketing, we also have to look at the bottlenecks to entry. I know LeoFinance has done amazingly great in this aspect with Facebook and Twitter Light accounts. We may even consider a LeoMobile Light that serves the purpose of a messenger or perhaps that gap will be filled by #ProjectBlank.
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There certainly are a lot of pieces left to approach. We are nowhere near a viable ecosystem. Each step forward reveals a couple more holes. Sadly, that is just where we are.
So we have to solve one and then take on the next two. The two steps forward, one back type deal.
But the more we get in place, the easier it is to get to the next level.
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I love the way Leofinance and its projects are adding high value to Hive and the crypto ecosystem.
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Leofinance is bringing a lot to the table. It helps that Khal is holding a ton of Hive. He has a vested interest in seeing it succeed.
Now he is building something that will really help the HBD project. Hopefully it gets off the ground in a strong way.
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Leo finance is developing and I can see we have future in the great community, all this incoming developments will bring massive change to get community as a whole. Waiting for hbd-usdc patience
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It is rather easy to see it unfolding, now, before our eyes. Many did not see the vision earlier but I think it is becoming clearer.
Few are complaining about the cross chain focus and delving into all these different areas.
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This is becoming so clear and even the blind could feel leofinance is going places, the future is near
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The truth is that how #Leo tokens were used to burn them is nothing short of incomprehensible when what should be done is what they do now and distribute it among all Leo Power holders and thus achieve an exponential increase in more users within #LeoFinance
You're right about burning tokens.. that only makes sense if there's a cap on them
Dont burn money. Makes no sense.
Choose other things to burn.
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Aka...
I opened the door and you took it.
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I think I will agree with you on the burning token thing. I believe it is better to find and create utility for them rather than destroying them to create artificial scarcity.
That aside, I am happy to see how well the hive/leofinance ecosystem is developing. I want to believe we are on the verge of something massive in the crypto sphere and I am happy to be here while this is unfolding.
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Never made sense to me to burn money to, like you said, create artificial scarcity.
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Everything we're building exists in a virtuous cycle. Things are really starting to come together as we build out these mechanisms and the project matures.
Anyone who is here now and sticks with the community and project for the next 5 years is going to see a dramatic growth curve.
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I agree. It is no brainer (and sorry if I sound like a shill) but I do believe the hallmark of a good project is growth and development and hive/leofinance has taken this very seriously in the past few years. I want to believe it will count for something when the chips are down
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Hive is radically different today than it was 2 years ago. So is LeoFinance.
I agree with you, it’s time to show the world what we’ve been heads-down and building for so many years
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Once the larger crypto community begins to grasp what's occurring here we will see significant changes. Until then we keep building and spreading the word.
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The development is telling a great deal of the story. It is evident from all the different directions that things are starting to come together.
We are all going to benefit greatly.
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Shill away. We need it.
In the traditional world that is called marketing. Only in crypto is it a bad thing for some reason.
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I know right? We've all found negative labels for crypto-related things. Lol, I am going to continue shilling both on and off the chain.
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The exciting things is there is more and more to shill relating to Hive. This is getting very exciting.
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In crypto, 5 years is two lifetimes. People want to know when mooning tomorrow...at the latest.
Alas that is the difference between bullcrap and building. The latter takes some time.
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Wen moon
Soon
In reality, building is where my focus is. If people want to ask wen all the time that is on them. I am elusively living in the sooniverse
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Are there degrees in the Sooniverse?
Like is there a near or a very near Sooniverse?
Where is ProjectBlank in the Sooniverse? Is it near or so far out it is in the maybe-not-so-sooniverse?
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I think the pHBD/USDC pool is going to be interesting but the rates they need to provide will need to be really competitive for me to move my HBD over there. At least I just prefer to stay away from the fees and I do feel like I regret putting some HBD into the diesel pool for BUSD/HBD. It's on auto-pilot and I prefer to leave it alone but it's nowhere as competitive as the 20% APR.
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I read somewhere that the APR will be around 40%. I think that is worth the trouble of moving your HBD around, don't you think?
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Hard to know until we see the rates. But it will likely be worth the fees.
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oh well, we should wait for the official announcement.
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Or at least until Khal pipes in about it on the AMA.
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It depends but if it's only 40%, I don't think the risk of 90 days is worth it. That is the early harvest penalty in effect.
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That is something people will have to weigh. You are right about the harvest penalty. Of course, holding POLYCUB for 90 days might be a smart move if the bottom is near (in USD terms).
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I am really excited to see this features happen in the blockchain, it's definitely a good way forward
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I agree that burning the ad revenue is old thing and now adding this revenue to the tokens holders is a new move that has been taken by Leo team. This is going to encourage more people to hold more Leo. Fantastic Post as always.
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It is a much better model if you ask me. We should see some excitement when it starts to happen.
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A coherent ecosystem is emerging on LeoFinance and some still doubt if we will make it or not lol
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Fortunately I havent seen that. But I am sure there are naysayers. Some will only believe it when success is achieved.
And then complain about how others were lucky to get in so early.
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The truth is that how #Leo tokens were used to burn them is nothing short of incomprehensible when what should be done is what they do now and distribute it among all Leo Power holders and thus achieve an exponential increase in more users within #LeoFinance
Yes I agree. No point in burning when money can be put to use. If nothing else, incentive for people to stake the tokens.
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that is the correct word to encourage users with more tokens instead of burning it, it had to be put into circulation.
The inflation rate on Leofinance is still high. We are seeing it eaten up.
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Some really big things in the works and I'm super happy to see something of Hive being added into these pools directly. One glaring issue with hive is how hard it is to get ahold of including HBD. Finally there will be a fast efficient way to get HBD and on top of that earn 20% APR at the moment.
These changes will take time to shape and get out there but I expect for some pretty huge value changes to LEO and the tokens around it including hive now with these products being built. Ready for one hot summer!
We hope. Going to have to get the pool filled with some good amount of HBD. Either way, once it goes live, I have a feeling we will be much further along than we are now. That is the important thing.
Leo is starting to look like a champ. A lot of the tentacles are starting to come together. We are now seeing the different pieces leveraging together.
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If we are going to make any meaningful revenue from ads we need traffic! I love the leo team and community, but we need to break away from ESSAY style writing and allow people to post and engage without stress.
(this is your opportunity to mention project blank)
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No need. You already mentioned it.
The next mention is "wen"?
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Another PoL generator right here. pHBD-USDC vault deposit fees. Likely between 1-2%
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Yep. Feeding more value to the token holders. I am starting to like this idea.
Wait until my article tomorrow morning. Going to address this same thing.
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Building a self-feeding and self-sustaining system is only a characteristic of a sustainable system. The LeoFinance community has proven this over and again and I see it thrive with relevance into the future of Crypto.
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The key for Leofinance is the fact that it keeps developing. Many thought the million different directions was a bad thing. It is not. Now things are starting to come together.
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One can wonder if all the tribes on Hive are on their ends doing a little, even one-tenth of LeoFinance's development, then, we would have neared mass adoption.
There is also a gap we need to fill- institutions onboarding. You know that comes with its number of members.
Did we trash the idea of Leosub-communities?
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I think on the back burner but I have no idea. There are a lot of directions we can go in. My view is infrastructure if the focus for the moment. We are marketing but they still are trying to roll out the Mobile App in full and then do the desktop.
Lots of plates spinning.
Hive would certainly be in a much different place. Alas, we can only do what we can.
Where would we be if everyone on here was doing 100-150 comments per week? That would put us much further along too.
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True. Reminds me of the quest I saw on which should be a priority - technology or community.
Indeed, LeoFinance is committed to maximizing its leveraged technology with LEO infrastructures. The solidity of this infrastructures would bring the users around.
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To me, this is one of the chicken or the eggs situations. We need infrastructure but you also need community. So which comes first. Sadly you have to try and do both which is not easy.
ProjectBlank could really change things since there is a lot of technology that could attract users. However, we also have a built in user base that will start to gravitate to it once released.
We will see how long until it rolls out.
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One can wonder if all the tribes on Hive are on their ends doing a little, even one-tenth of LeoFinance's development, then, we would have neared mass adoption.
There is also a gap we need to fill- institutions onboarding. You know that comes with its number of members.
Did we trash the idea of Leo sub-communities?
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These developments really excite me and push me to make new plans. I need to focus more on LEO, HIVE, HBD and PolyCUB. I have to make the most of it while there are opportunities right now.
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Those are my main tokens on here so I cant fault your logic there.
They are good long term bets in my opinion.
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Definitely your ideas are great in the long term. You see the big picture, which is really remarkable.
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I try. It is vital to keep stepping back as much as we can. For this reason, we need to get ourselves in position for where things are going. It is a slow path but I do believe Hive is where a lot is going to happen.
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Please vote for pizza.witness!
While burning tokens might be a somewhat good idea in theory, it's what most people are being used to. That's usually what happens so to speak. It has become the "norm" for crypto.
What LeoFinance is doing with the Ad Revenue is breaking boundaries and they are moving forward in ways we've never seen before. That's how you create hype. By putting something new and fresh on the table that people are excited about.
LeoFinance is awesome for all of these fresh ideas and innovative thinking and that's one of the reasons we have such a dedicated and strong community, even though we're still just a rather small one.
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