Weekly WenSoon Show Recap - 6/14/2022

The market is getting whooped this week so there is plenty to chat about this week!

What's Your Runway?

To start the call Khal discussed how one can prep for crypto winters and mentioned leaning up. Meaning, reviewing spending and where your money is invested and figuring out what kind of runway you have. Meaning, how long can you operate if the funds aren't rolling in like they do during a bull market.

The good news is the leofinance runway is a few years deep so operations and building will continue untethered.

The Devs are Coming - now that crypto has been down for a bit devs are looking for work....inbound inquiries are a thing again from what Khal was saying, as opposed to chasing devs so odds are the leofinance dev team will continue to grow.

Diver Down and Investment Moves

Speaking of a down crypto market, quite the sell off we got the past few days.

Ironically, this is probably the time to start stacking as coin is cheap or atleast cheaper, though buying things when they are down and your investment is done always seems to be painful.

This goes back to why selling some coin and booking profits when things are riding high is important. It puts you in a position of power as you have capital to work with and since its profits you generally don't hesitate to buy, as opposed to when you are plowing in fresh dollars.

Where is the bottom?

That sub topic is said a bit tongue in cheek. No one knows where the bottom is, but we discussed price points on BTC we are eyeing to purchase.

I personally bought some at 22,500 and if we see 20K will buy some more. This is with the reality that worst case btc could be 12k or 10k, whether I think it can happen or not I still need to be open to the scenario.

Liquidations by Institutions

There is speculation that MicroStrategy may have done some liquidations to firm up their position, but it could very well be FUD and probably is.

However, one wonders who got liquidated in the sell off and if any institutional money go hit fueling the sell off further.

Liquidity Pools for the Win!

Neal discussed how the bitcoin he has been buying the past couple months he has put into liquidity pools and it has worked out well by reducing volatility.

PolyCub and Cub

Both are still growing and the word is when sustainability is reached with PolyCub and Cub, at that point outposts (AvalancheCub, etc.) will be a foucus.

So my question is WEN? This cat is gonna be waiting a hot minute.

Still focused on cashflow life.

Earning income from crypto is where it is at. Khal discussed how he was mining ETH back in the day and how now Cub and PolyCub can be "mining" for others.

Building a sustainable yield source is the goal for cub/polycub and leo.

WEN Project Blank

Project Blank was discussed and the main talking point was something called "threads" which is a project blank like layer on leofinance. Consider it a proxy project blank. This is something that uses lightning and one of many things to test the lightning update.

Speaking of - lightning issues, more and more bugs are being worked out so submit your findings in bug-reports in regard to the current lightning update.

Lightning is the key to leomobile and Project Blank.

Coming Soon in the Sooniverse...

Khal said keep an eye out for PolyCub updates rolling out as those are next in line for going live!

We shall see what the week brings.

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