Ow Hell, that sounds strange, doesn't it?
Today I saw something on discord, and I got a shock through my brain, why hadn't I realized this much earlier? I want more LEO, but with only posting and curation it is not going as fast as I would like. I don't have a Fiat to stick in for a while… and now to keep hoping for something that will not happen is not getting any better. Then I saw someone tell that a full power down was used to pool in the bLEO / BNB pool in CUB, and convert the earned CUB back to LEO. And I suddenly thought, damn… that's a very good way idd.
The amazing return on CUB
That pool on LEO simply gives a 200% return, and you really cannot save that with curation. Of course I also see nice rewards for blogging, but as we all know, more and more bloggers are active on LEO. Happy! And so the reward pool is also being spread further, which makes more LEO owners, but which also makes it more difficult to grow your LEO stake significantly.
NOT SELLING ... NO WAY!
Well, long story short… so I decided to do a powerdown too. And not to sell. No no, but to place in the bLEO / BNB pool on CUBdefi. With the aim of doubling my LEO stake, or more. Depending on how it goes, of course. But that is the goal… and I have now placed the first powerdown in the pool. And as you can see, I am still a long way from where I want to be… but hey, it will certainly grow. And the 0.62% per day is more than what I can earn with curation on a daily basis. Regardless of the number of bLEO / BNB that is now in the pool, it gives me more.
It'll hurt at first ... but not for long!
The other side of the story, of course, is that my voting power decreases in value over time… yes, unfortunately. I think that's the least part of the story. But on the other hand, I naturally hope to become stronger through this move. So it is not intended to empty my account, but to make it stronger in the longer term. And sometimes you have to take other paths for that… I don't think that I really do a full powerdown, but that after two times or so I will stop the powerdown and from then onwards put the earnings back into the pool. That has the same effect in the long term, but in the end it is all meant to make my account on leofinance stronger. Because it is not only that you earn something yourself, and that you are very happy with it, it is also a certainty that others are also happy when they earn something on leofinance. And that really requires an account with some voting power. I want to give!
If possible even more important actually as earning yourself.
Live from Leofinance?
Now I am not going to lie about it, I am happy with every LEO that comes into my account, but I also like that by staking LEO I also get the power to give something to other people. It can make so much difference. We have of course been reading stories for a long time that people in, for example, Venezuela can make a living from Leofinance. And although that will remain a dream for me for a while, you will have that if you live in a more expensive country… I just think it's great that there are people for whom this is a possibility. That there are people who simply earn more with Leofinance than if they were employed for a month.
Blogging and crypto together are game changers for many people
Blogging for cryptocurrency is a real life changing opportunity for many people. A game changer like I could not even have imagined 4 years ago. Because even though I can't make a living from it myself, it was also a life changing moment for me when I ended up on “that other platform”, and slowly found my way to the other communities. And now it is time to change that again, and by first temporarily removing my Leo stake, I ultimately want to continue with a lot more voting power. Because how nice should it be to give someone else a smile of joy on the face with a click on that button. To know that with just a vote that costs you nothing, you can change someone's day for the better. That's where the bit of “social” comes back to me. And unfortunately I don't yet have that power within Leofinance or Hive. But what isn't can come… IF I do it the right way.
Make use of the opportunity while it lasts!
Thanks to the Leofinance team, we now have an extra opportunity to earn something EXTRA within a familiar circle. And I want to take that opportunity to make my account stronger than ever before.
To give back to others what I have received here several times ...
The feeling that you are appreciated.
Posted Using LeoFinance Beta
i am trying to do the same now but with my liquid leo. i took a chunk of my cub to publish my laptop so I want to get back to my previous position so I will be putting my leo and hive to endure i get to a comfortable position in about 2 months then I will resume my initial goal of getting leo stake to a thousand.
this is a unique opportunity for me to diversify and grow my wealth and I am grateful for this platform.
Posted Using LeoFinance Beta
Thank you for your reply!
I'm happy you have that possibility, and same is for me. I'm very grateful for this chance and will make use of it to grow my account, my stake, my funds. Wish you the best in doing the same!
Posted Using LeoFinance Beta
I really like to read this 😀
With every power-down my share, (and rewards from one UP) - is going up
I like it.
Besides this, I am slowly growing my staked LEO pack.
Never enough....
Just wonder if I can reach again one day that "100 Leo upvote".
Read how this all have started with Toruk
Posted Using LeoFinance Beta
I'm happy that I made at least 1 person happy with this blog, except for myself. I hope that this move will help me in the long run to grow my Leo stake much larger than the 1000 I had before.
With a 200% return from CUB, I figured that I could grow my Leo stake faster. Growing your stake slowly is nice, and yes ... I did it for a long time, but now I want to try to speed it up a bit more. And besides keep blogging, I couldn't think of anything better than this way.
And THANK YOU, for visiting my blog. I hope you will reach your 100 LEO vote again. And enjoy my very tiny vote, it won't help you much, but it shows my appreciation for your comment and vote, and it does add a very tiny bit to your stake as well.
Posted Using LeoFinance Beta
The future is uncertain, but how you are doing things is a matter of time until that moment comes when your vote is 100 Leo, and best of all, it is how you are leaving a mark that will transcend in the lives of many people here . The LeoFinance community is amazing, but the people with the level of commitment that you reflect make it a community with solid foundations that will last for a long time!
Posted Using LeoFinance Beta
Be careful!
If your LEO is in the bLEO/BNB pool it is absolutely for sale.
If the price of bLEO goes up or the price of BNB goes down you lose LEO.
I did the same thing and powered down quite a bit, but you should know the risks.
It's called "impermanent loss".
Posted Using LeoFinance Beta
Thanks for your comment. Yes I'm aware of this. But not worrying about that as I'm going to stay in the pool for as long as possible and what I'm yielding I'm going to send back to leo to grow my stake again. In this way I think that I can grow faster. Even in times that I don't have too much time to post or comment.
Posted Using LeoFinance Beta
do you think it is a good strategy? What I do is sell my bleo per cub and then I will buy with the profits more leo
Posted Using LeoFinance Beta
I do think it is a good strategy, but I am not a financial advisor. The decision is yours.
Posted Using LeoFinance Beta
Thanks for your post, I´m in Colombia and the things are no very well here. But well, it´s time to change or adapt to the situation, so I´m searching for another way to earn something and I found in the cryptos several options that I just realized. Now I´m tryien to know more about this options, first invested some in CUB and till today it was amazing, and also I´m knowing the benefits of leo y bleo, but I'm noob, I have much to learn. Thanks again.
Posted Using LeoFinance Beta
Thank you for your comment!
Keep reading through all the blogs out here, and take the information to your heart. If you really want to learn, you will learn everything you need to know.
Posted Using LeoFinance Beta
good luck on your further journey! hope your expectations will be met!
Posted Using LeoFinance Beta
I love that too. I always really enjoy reading those posts.
I'm looking forward to hearing how your powering down and pooling experiment goes. I don't think I'm ready to do that but I was intrigued by the original post that talked about it yesterday.
I am still trying to reach my goal of 1000 LEO for now.
Posted Using LeoFinance Beta
Thank you for your comment. Yes I will keep you updated.
Isn't it great to see that it is possible! I would love to do exactly the same. And who knows, maybe in the future the possibility is there. But until that time, I just enjoy reading the posts from the people who can actually do it! Crypto is for so many people a life changing opportunity!
You will reach your goal, and more!
Posted Using LeoFinance Beta
I already did since I just noticed I made a typo and put 100 LEO. I've edited it because I'm actually aiming for 1000. 😂
Posted Using LeoFinance Beta
hello may I ask about making post how can I publish my post what should I do newbie here someone can help me thank you so much
what is posting key
Posted Using LeoFinance Beta
I love to see people powerdown and try to make more leo. Makes my curation rewards even bigger and i have seen it happen over the past couple of days so thanks for that.
No rush to power it back up.
Posted Using LeoFinance Beta
And there was me, thinking that it wouldn't be appreciated at all to do a powerdown. How wrong was I? I'm glad that I help you as well with my uncommon move. Lol ... but as said, I'm doing this to make my account stronger than before.
I will take my time, no other choice ... but I try to do it as soon as I can. 😊
Posted Using LeoFinance Beta
Excellent choice.
Now let me just ask:
Can you delegate some small amount of Leo Power to me? I want to do more curation daily and to be able to publish more in Leo.
Thank you for the transparent article and for motivating others like me to do more here!
Posted Using LeoFinance Beta
Thank you for the comment
Posted Using LeoFinance Beta
All good. I enjoyed the article.
There are a lot of ways to approach things. It is always interesting to see how people approach things.
I took some of my LEO and bought some CUB.
It is something that I feel is a good long term move.
We will see how it all pans out.
Posted Using LeoFinance Beta
I sure do think so too, but for the CUB part I have another farm activated. And that has been doing good since the start from CUB.
Posted Using LeoFinance Beta
Fair play that is a positive way of helping yourself to help others and if it can do that then why not, you deserve all the luck you can get and if it means you come back in a stronger position to help others then great that is a bonus many people will be glad of that, do let us know how you get on with CUBdefi that would be interesting to read
Posted Using LeoFinance Beta
I will keep you updated how things are going. So far, earned 1 cub since in started to pool my Leo's
Posted Using LeoFinance Beta
That's a start, it will certainly grow, looking forward to reading your progress report
Posted via D.Buzz
Nice investment opportunity you're taking. Everyone has to decide what's best for them. You'll come back, and stronger than ever. Take care.
I'm not going to disappear, only my votingpower is going to disappear for the time being, but I hope it will build up soon, and stronger than ever. Thank you for your comment!
Posted Using LeoFinance Beta
OK. Yes, that's something that can be built up again. However, certain opportunities don't always hang around waiting for us to take advantage of. We sometimes miss the boat.
Thanks for your engagement, and best of luck with your Leo investment.
Sounds like a sound investment. It does send worrisome signals about the future of leo, if staking and curating isn't worth it anymore.
But I have no idea, how curation rewards work. Maybe it's only a problem at the top.
Posted Using LeoFinance Beta
I'm not exactly at the top. Lol! Staking and curating will always be worth it ... I only want to speed up my LEO stake much faster than is possible with curation. APR for curation is roughly 20% a year, and that is still awesome.
So I just took another strategy here, nothing to worry about here regarding leofinance. They do an awesome job, it's just me who is taking a different strategy.
Maybe you should look into this, it's interesting stuff to learn about. I know I will look more into it too because you have to have a strategy for curating too to maximize your profits from that.
Posted Using LeoFinance Beta
Well, I get more LEO when upvoting and when other people upvote me and you get CUB, I think everybody wins.
Posted Using LeoFinance Beta
The winner takes it all
😋
Posted Using LeoFinance Beta
You are doing good decision
Joining leo is a big profit as we are growing continuously
Keep on
Posted Using LeoFinance Beta
Thank you.
Joining Leo was never the question as I am active here for over 3 years now. Lol. But growing my account is the thing I want to speed up as much as possible.
Posted Using LeoFinance Beta
With consistent 200% returns you would be able to power up the same leo in 6 months assuming returns remain stable. & If CUB shoots as well... There is more to come. Go for it.
That was my thought too ... I hope they both will moon, and BNB too of course, that would also help a lot!
Posted Using LeoFinance Beta
I'd be careful. I sent tons of money over there and they jacked half of it through their exchange when I cashed out. I sold 4K worth of coins that I had staked in the various defi dens, and they only gave me 2K, so 50% haircut on exit. It was unacceptable. They say your balance is higher that it really is because what they actually pay you is less. It's some kind of scam, I learned by testing it out. No one here will admit, but their high gains cone from ripping other accounts off. Good luck, once u send it there, I doubt u see it all again. Haha. Up to you, I guess if you slowly milk the interest it will be work over a long period, just don't try to transfer it all at once, or their order matching system will eat a huge chunk out of your money.
Maybe I am just a specula case, since they always jack my LEO and muted me from the platform, so I think they programmed special code for me. Either way I would never use it again. I'm worried that one day a genius gonna hack it anyway.
If you wanna make more LEO, you should just sell it and buy POB instead and then just sell the POB later for 100X the LEO!
HAHA!
I like this too. I pointed out in one of my last articles that my voting power is up by about 20% recently without me staking any more. This is why. I've been taking my earned Leo and, instead of staking it, I've been adding it to the bLeo pool and earning more Cub. In that way, I keep the Leo and earn interest on it payable in Cub. Best of both worlds. More Leo, more Cub, more earnings, more yield.
Your strategy is fine as long as you're not selling half of your Leo to buy the BNB you need. To me, selling Leo at 70 cents is basically giving up a 3x in the short-term. Maybe more. Who knows though? It IS crypto afterall. Good luck.
Posted Using LeoFinance Beta
Your strategy is better, IF you can do it that way. But for me to do it that way, would take me ages to yield something with only the profit. I don't earn that much LEO in a usual week. So yes, I do have to swap some of the LEO's for BNB, but ... right now at this point, I don't see that as a very big problem because I think BNB will also go up much more from here. In the end I still think it's a win. If I didn't feel it that way, I wouldn't have made this decision.
Posted Using LeoFinance Beta
Everyone has to decide what's best for them.
Posted Using LeoFinance Beta
Thank you for your comment. Yes, we all have to make the decisions for our own finances.
Posted Using LeoFinance Beta
The LeoFinance community is amazing,community with solid foundations that will last for a long time))
Posted Using LeoFinance Beta
Thank you for your contribution!
Posted Using LeoFinance Beta
Thanks
Posted Using LeoFinance Beta
That’s awesome ... great idea.... I’m going to power down all my Leo too and move to Cub.
Posted Using LeoFinance Beta
Lol, I didn't know I was that much of an influencer here ... but it seems I started a real domino effect on Leofinance.
Posted Using LeoFinance Beta
I think everyone is powering down their LEO now.
Posted Using LeoFinance Beta
😳
Oh oh ... Is this a good or bad thing happening?
Posted Using LeoFinance Beta
Maybe in the short term it is a bad thing for the value of LEO... as it’s dropping quickly ... but it’s good for Cub.
That's the spirit! And karma will probably reward you back again. I often think that gains that sometimes seem small, for some users in poorer parts of the world can probably have a whole different meaning, and make a huge difference!
And that pool idea is not that bad at all! Definitely have to improve my growing stakes game... ;)
Posted Using LeoFinance Beta
That's one of the most wonderful things here. We all can GIVE without hurting ourselves in any way. The only thing needed is to grow your own balance of staked LEO. And the more we have, the more we GIVE. Who doesn't want that? We all do a bit of philanthropy here. Because voting for someone else's post costs us absolutely nothing, and we do make someone else happy with it, and depending on how high the vote is that can be given ... and depending on where that person lives, being a life-changing vote.
Posted Using LeoFinance Beta
I am relatively new here so I need a little help. When I power down my Leo, what do I have to do to get it in the pool you suggest? I definitely want to increase my stake in Leo.
Posted Using LeoFinance Beta
When you start a power down it will take 7 days for the first liquid LEO's to appear in your account wallet. The next thing you have to do is go to cubdefi, read the documents where it explained how to make bLEO from your LEO. And then you will need an equal value in bLEO and BNB. Add liquidity to the pool and stake your LP in the pool.
It can sound a bit confusing. But that's why I suggest to head over to cubdefi and read all the documents.
Posted Using LeoFinance Beta
Thank you very much.
Posted Using LeoFinance Beta