It's been a while since I've posted.
I guess I should say something.
Happy Freedom Day?
Murica!
Home of the Brave!
Hm, yes, in any case, I don't really have much to say right now, as is often the case when I'm on the road. I had a really weird dream last night that I can't remember (only that it was bonkers). I saw some cute kids wish a happy "Independence Day" to another family with, shall we say, darker skin. The sassy mom muttered under her breath something like, "Hm, yes, but for who?" Quite right.
I guess I still need to write a post about Roe v Wade, but that's a shit sandwich I don't feel like biting into giving the time constraints at play while I write these words in this hotel room.
Hmmm... let's see...
I powered up a bunch of LEO recently and bought a ton of CUB as well. "Someone" rage dumped CUB 35% in a single transaction. I didn't check the wallet, but I think I know who it is. It was a whale in the BNB/CUB LP. Even with the reduced token price the APR on BNB/CUB went up to 62%.
To be honest I was waiting for something like that to happen. Been looking to secure a bigger position in CUB/BUSD. It's funny because even if price drops another 50% it still only takes like 4 months to farm back the 'loss'. More like a break even wash. Now I have plenty of stable coins to pay my bills for the next year or two. Feels nice. I should be able to avoid selling very much Hive during that time.
I wanted to complain about something LEO was doing. Figured it warranted its own post but I'll just tuck it into this one. The wrapping bots have powered up like half of their stacks. Now when someone wraps their LEO into ETH, Polygon, or BSC half of that money is powered up. This is a wholly unacceptable practice that syphons money away from anyone who actually paid for their tokens, and gives it to... LEO curators?
I can see exactly how this happened.
It's the exact same strategy that was employed when pHBD was launched on Polycub. Half of all HBD was powered up to add yield to the pHBD/USDC LP. It's exactly the same strategy employed in the exact opposite context.
Moving HBD to the savings accounts makes perfect sense because the LEO ecosystem doesn't control Hive. It's a waste of money if the HBD is just sitting there, and also that yield is funneled back to the stake holders in the form of yield on the derivative asset.
That's the opposite of what happens when an account like @p-leo or @b-leo power up their stake. The LEO ecosystem controls the LEO ecosystem. Instead of yield being given back to the stakeholders it's being leeched from them and given to another authority (LEO curators). Also a 3 day timelock is a lot different than a 4 week timelock.
At the end of the day, simply allowing LEO to sit on @p-leo and @b-leo is not a waste of money in the slightest bit. On a technical level it's a nonsensical strategy even though it looks exactly the same as the HBD being put into the savings accounts. It is definitively not that.
Actions speak louder?
But yeah also I powered up a ton of LEO and now have over a quarter million tokens, which is hilarious. Gotta support the stuff being built on Hive and all that. Mistakes will be made.
Conclusion
I'm out of time.
Posted Using LeoFinance Beta
Hey Edicted, Good to see you, I've also been having trouble making posts, but it mostly has to do with real life is kind of kicking my ass right now, with my husband doing Chemo and being really really sick, my mood and heart isn't in it at the moment.
I am staying active in curation and trying to make some comments until I restore my post writing creativity.
I just want to address one thing here, since I am a Leo Curator.. :) I have nothing to gain from the wrapped accounts powering up, and I know that's not what you meant, but I don't want the new reader to think that some how the team curators are earning from the wrapped accounts.
Posted Using LeoFinance Beta
Thanks for the clarification.
Also cancer is obviously the worst.
Fuck cancer and all that; wishing you all well on that treacherous journey.
I think the main point I wanted to get across is that if the LEO curators needed more power we technically could have minted stake out of thin air and given them more power. Purposefully making the wrapping bots insolvent is a weird strategy. But also the LEO curators spent a lot more time on upvote allocation than someone like me, so I expect it will all work out fine.
Yes, Cancer is the worst.
Also, likely we will do okay, people are adjusting to their bear market wallets and it usually causes some insecurity, but we will be okay.
Posted Using LeoFinance Beta
That's a very comforting statement, thank you. In the end everything always works out...
Sending lots of energy your way for your personal hardship.
Posted using LeoFinance Mobile
Thank you very much
Posted Using LeoFinance Beta
wish you the best!
Sorry to hear about your husband. Cancer is an anathema. I hope your husband does well. I have heard chemotherapy is truly unbearable.
🙏
Posted Using LeoFinance Beta
!hivebits Realy nice post i think i will buy some cub with this dump
Success! You mined .9 HBIT & the user you replied to received .1 HBIT on your behalf. mine | wallet | market | tools | discord | subscribe | <>< daily
Thank you for your witness vote!
Have a !BEER on me!
To Opt-Out of my witness beer program just comment STOP below
View or trade
BEER.Hey @upvotegifter, here is a little bit of
BEERfrom @isnochys for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.I also move my all-earned hbd to saving and withdraw some when I need some money
It will be grand when we can borrow Hive against our HBD and use it to make buy more HBD, increasing our earnings, and then borrow against it again.
Posted Using LeoFinance Beta
Real action! that's alpha!
Haha nice conclusion man.
Congrats for powering up in leo.
Yeah mistake will be made and lesson will also be taken.
!LUV
@th4488(1/1) gave you LUV.
H-E tools | my wallet | discord | community | <><
HiveBuzz.me NFT for Peace
Damn. That's a lot of tokens.
You carved out 5he perfect nichefor yourself and it's massive.
"Mistakes wile be made," struck perfectly.
Posted using LeoFinance Mobile
Hello Hello, Diamond Paws. xD It feels like something bad is happening when you don't post everyday.
Btw I don't know if anyone noticed but how small details matter. My Laptop was titled more than usual when I saw your post. My LED screen blends two colors of the same shade very easily in that position. So I read the thumbnail as "If You See Say Something Something" xD That Grey line in the middle matters xD
Posted Using LeoFinance Beta
Lol! Little details matter indeed.
Those accounts mentioned curate LeoFinance posts so they do need to stake LEO. Do you think it's something bad or wrong? My grasp seems to be too far away, lol!
Posted Using LeoFinance Beta
How you like this, people?
Posted Using LeoFinance Beta
Congratulations on your new LeoPower Levels, you have placed your bets, and all of us hope your bets win, since we share them.
:)
Posted Using LeoFinance Beta
Question for you?
I have considered using my fiat to buy BUSD, borrow against the BUSD and use the Vai to buy a altcoin which is down but earning in DeFi like Cub. Then convert daily earnings to Vai to repay the loan, once paid off, borrow Vai again and buy big chunk of additional Cub, rinse and repeat. Do you see a downside to this?
Posted Using LeoFinance Beta
Powering up dem Leo coins is a practice that won’t ever go wrong . cheers
I need to get more active with Leo DeFi.
Posted Using LeoFinance Beta
Waiting for a market update post from you. I know you can do it...
Posted using LeoFinance Mobile