From an arbitrage bot POV (what was described in my OG thread above): the arb bot is reading all pairs (currently 16 pairs on HE. Phase 2 will expand to all LEO cross-chain pairs) and make a trade when it is profitable to do so. The profits are collected in LEO, HIVE and LSTR (when the other pairs get added, USDC, SURGE and WETH will also be collection "baskets" for profits). These profits are then pooled up inside the arb bot and sent every 24 hours to the @leostrategy account on Hive-Engine (or the Base/BSC/Polygon/Arbitrum, etc. cross-chain wallets). The pooled capital is then utilized to buy LEO (some of it is already LEO and the rest of it is converted to LEO whenever they want to convert it).
I wasn't sure which one you were asking but that's the cash out process for both
Wdym by cashing out LSTR profits? Are you talking about the user or arbitrage bot perspective?
From a user POV: it's designed as a permanent capital vehicle. Much like Berkshire Hathaway. You ride the ride and own the LSTR token which is a derivative of the holdings of the company (Net Asset Value). When you want to enter, you buy into the fund by market buying LSTR. When you want to exit the fund, you exit by market selling LSTR. This allows LeoStrategy to never sell any assets because it has no redemption functionality (hence, permanent capital vehicle).
the user.
say in the next 24 months LSTR skyrockets and I want to sell 10 percent of my LSTR to enjoy some profits.
I don't trust HE liquidity.
SO if my LSTR is on HE can I bridge to base and sell for FIAT to take a vacation???
The LSTR liquidity pool on HE has ~$62,000 in liquidity right now
On Base, two new LPs will get created and seeded:
LSTR:USDC
LSTR:WETH
The LSTR:LEO liquidity pool on HE was seeded with only $5,000 and has already more than 10x'd. These other two LPs will start smaller but likely scale similarly over time
So yes, there will be plenty of options. If you want to cash out on HE, that is already easy to do. If you want to cash out on Base, that will be even easier than HE
There's also a fiat offramp via Coinbase on Base. So you can literally go straight to fiat from LSTR (and SURGE) once the Base launch happens
If I had to imagine 24 months from now, I think LSTR is trading well north of $100 (possibly a lot higher tbh) and the Base LPs for LSTR:USDC and LSTR:WETH are going to be $100k+ in liquidity by then
You should have no issues cashing out straight to fiat and taking that vacation you deserve ;)
From an arbitrage bot POV (what was described in my OG thread above): the arb bot is reading all pairs (currently 16 pairs on HE. Phase 2 will expand to all LEO cross-chain pairs) and make a trade when it is profitable to do so. The profits are collected in LEO, HIVE and LSTR (when the other pairs get added, USDC, SURGE and WETH will also be collection "baskets" for profits). These profits are then pooled up inside the arb bot and sent every 24 hours to the @leostrategy account on Hive-Engine (or the Base/BSC/Polygon/Arbitrum, etc. cross-chain wallets). The pooled capital is then utilized to buy LEO (some of it is already LEO and the rest of it is converted to LEO whenever they want to convert it).
I wasn't sure which one you were asking but that's the cash out process for both
2/2
Wdym by cashing out LSTR profits? Are you talking about the user or arbitrage bot perspective?
From a user POV: it's designed as a permanent capital vehicle. Much like Berkshire Hathaway. You ride the ride and own the LSTR token which is a derivative of the holdings of the company (Net Asset Value). When you want to enter, you buy into the fund by market buying LSTR. When you want to exit the fund, you exit by market selling LSTR. This allows LeoStrategy to never sell any assets because it has no redemption functionality (hence, permanent capital vehicle).
1/2
the user.
say in the next 24 months LSTR skyrockets and I want to sell 10 percent of my LSTR to enjoy some profits.
I don't trust HE liquidity.
SO if my LSTR is on HE can I bridge to base and sell for FIAT to take a vacation???
Ah I see
The LSTR liquidity pool on HE has ~$62,000 in liquidity right now
On Base, two new LPs will get created and seeded:
The LSTR:LEO liquidity pool on HE was seeded with only $5,000 and has already more than 10x'd. These other two LPs will start smaller but likely scale similarly over time
So yes, there will be plenty of options. If you want to cash out on HE, that is already easy to do. If you want to cash out on Base, that will be even easier than HE
There's also a fiat offramp via Coinbase on Base. So you can literally go straight to fiat from LSTR (and SURGE) once the Base launch happens
If I had to imagine 24 months from now, I think LSTR is trading well north of $100 (possibly a lot higher tbh) and the Base LPs for LSTR:USDC and LSTR:WETH are going to be $100k+ in liquidity by then
You should have no issues cashing out straight to fiat and taking that vacation you deserve ;)