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RE: BroFi is Live! Earn Passive Income With HIVE's Newest Staking Pools

in LeoFinance4 years ago

Pretty amazing stuff. I have started to delegate all supported tokens that I have staked (except for LEO and HIVE) to BroFi. Now I will look closer and BRO and see what my next moves are. Seems like I am late to the party (again) but not too late. Holding a token to earn tribe tokens is cool. Delegating tribe tokens to earn that holding token - like you wrote, full circle!

I don't quite get where the value is coming from. Is BroFi selling off the earned curation rewards from the tribe tokens? That would be rather bad, creating a growing selling pressure on them.

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Yes BroFi sells off it's curation earning and buys BRO off the market so it is selling pressure on those tribe markets. For this reason it might not work with every HE token as it does require a degree of liquidity for that token. If there's too much pressure on a token then the pool can be adjusted down in the pool ranks, which would remove some of the pressure.

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