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RE: LeoFinance 'paid' my rent for October - Want to know how?

in LeoFinance4 years ago

Oh sorry, didn't see your image - so you have 30k wLEO? Do you also have to hold eth equivalent to that amount too? I really am trying to learn all this and what rates to expect so that I can enter a position knowledgeably.

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Few things to consider at the moment.

  1. Don't enter the liquidity pool now. Seems that something has been compromised and someone got able to mint 500K wLEO. The price is dumping for that reason.

  2. I own a very big position; 100K LEO + Miners. Things of being an early investor.

  3. The profits for staking LEO in their native form is a ~30% APR (curation). If you provide eth + WLEO the APR is closer to ~100% (but you need exposure to ETH).

Check this post for more details.

LeoFinance is facing now a critical issue. Probably gets sorted in a few hours, but I'm assuming that maybe a token swap is required. Waiting a few hours is the safest option.

Best of luck!

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