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RE: Am I stupid, or what? Can't fully understand LeoFinance mechanisms

in LeoFinance • 3 years ago

  1. Staking LEO only earns you curation reward by giving you a more powerful upvote which you get 50% of.

  2. HBD can be used on some applications as payment for things such as NFTs or tokens. Or you can go to the internal market and swap them for HIVE then power that up. The internal market is in your hive.blow wallet.

Or you can use swap.app to convert them. Simply sent the HBD to @swap.app and it will return you the appropriate HIVE in a less than a minute.

  1. Simply post an image in the article and it will appear in the front section on the posts.

Posted Using LeoFinance Beta

3 years ago in LeoFinance by
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     3 years ago  

    Thanks a lot for help! I was afraid that nobody would ever spend some minute to read and answer my post :-)
    Ok thank you for clarifing that no other rewards for staking Leo.
    So Hive Backed Dollars (HBD) can be used for some kind of market of NFTs and other stuff or can be "redeemed" for Hive simply sending to a "fake" user @swap.app
    That's really good infos. But still the point:
    why staking HBD then?
    Sorry maybe I missed something

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