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RE: LeoThread 2025-01-08 15:32

in LeoFinance17 hours ago

No, no, no. I'm so sorry but I think you totally misunderstood the question here. I'll add my original question from the treadcast here as reference to help you understand:

Question: would it be technically possible to have SWAP.DASH on L2 and similar to LeoPower, by staking we'd have Dash voting power?

So, once again, I do know how Leo Power works, that wasn't the question but I was simply asking if the same mechanics could be applied to $DASH as well(meaning it would need to happen on H-E) and I got an answer that indeed it could be technically possible but that is not in the plans right now.

Hope this helps to clarify things a bit. 🙂

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OK. I just don't understand how that would work.

The other H-E tokens set the max supply when they launch. Then POOF you have millions of tokens created for Hive users to earn from the reward pool. As you can see, most of them have $0 value.

Somebody would have to provide Dash for the reward pool so that SWAP.DASH has any value, making it worthwhile to stake. And for those who stake, who is providing the Dash for their rewards?

I think people would individually have to buy in, stake, and give away Dash to other stakers.

Yeah, I don't know that's why I was asking the question.

As you can see, most of them have $0 value.

$LEO doesn't have zero value. That's why I referring to LEO in the first place.
Study how the pool/staking works with LEO and perhaps apply the same DASH.