The Weekly Leofinance AMA (WenSoon Show) Recap - 2/7/23

in LeoFinance2 years ago

And we are now in February, one month is in the books and crypto is off to a decent start for 2023.

This includes all the progress with all things leo.

The new UI continues to build

The new UI is obviously threads focused and is all set and ready to go! So now the long-from posting experience is being implemented and worked on to round out the other side of the site.

Here is a sneak peek of how the long-form portion of the UI will look:

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THE NEW UI OPEN ALPHA LAUNCH DATE IS OFFICIAL

On February 14th the new UI open alpha will be officially launched.

PLEASE NOTE: All the bells and whistles will not be available day 1, they will be rolled out one by one. So things like wallet page and other features will not be available. Not all the feeds will show up either from the jump.

THE GOAL is to test THREADS functionality in week one and then so on and so on each week.

LAUNCH PARTY AMA NEXT WEEK!!!

Come join use 12pm EST Feb 14h for the live launch of the open Alpha UI!

Plus it will be the day before LPUD and we will share a TON of updates on new LPUD will be chatted about.

  • LPUD updates launch Feb 10th check @leogrowth acct to get full details come then!

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Fast Fast Fast

The leo team's goal is to make things faster than the existing stand alone lightning layer. So to achieve this goal they are building a scenario where there is no separate lightning instance, they are building a lightning layer into the framework of the UI which will be good for speed and less down time.

Will RCs be an issue at some point?

One of many questions from the audience:
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Answer was leofinance can handle thousands of users per month being onboarded based on available RCs and the consensus is...we want this to become a problem as that means growth is well above expectations.

Future Finance Ideas

Being able to play options contracts on hive would be quite fun, for instance if you could sell an options contract on a hive pump so you essentially have the opportunity to "sell" hive you have powered up.

Plus, the fees generated from essentially market making an options like market could be a huge revenue source for cub.

Things like these are not on the docket now, but they could begin to pop up sometime in 2023 based on @khaleelkazi comments.

HBD Whale

There has been a whale @lazy-panda gobbling up HBD to put into savings!

Currently this user has about 700K with a goal of 1.2 million and based on his comment below if things go well potentially aiming to triple that holding.

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We don't know what the plans are for the HBD earned each month, but even if he dumped monthly earnings this would actually be a win for liquidity as that is still a bottleneck for the system.

Overall Markets (Crypto and Stocks)

The FED did what everyone expected and raised 25 points and had talk that was considered not hawkish anymore.

Apple and Google did disappoint but that didn't seem to phase the market for more than a day. TESLA has been moving up like one of its SpaceX rockets the past several weeks in the meantime.

Still some time till the halving, not that guarantees anything:
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Anyway, there was plenty of fun bitcoin prediction chatter in the discord chat, you missed out if you weren't there!

Don't miss it next time: https://discord.gg/hpnehmjM7T

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Good announcement for the lunching of the new UI and what a lovely day to lunch it

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