WEPIXDAO Governance Proposal #10- 4/24/2021

in #leofinance4 years ago

WEPIXDAOlogo.png

For our 10th governance proposal for the WEPIXDAO we will vote on revoking our LEO delegation from BroFi, to be re-allocated towards CUB token farming/staking for higher yields:

- A) YES

- B) NO

To vote simply send your WEPIX tokens with a memo to "wepix" on Hive-engine.com

ExampleVote.jpg

Since delegating to BroFi about a month ago the WEPIXDAO has earned 1.38778712 BRO tokens worth approximately $3.50 at the time of this post. I believe that CUB token staking is much more profitable and a better alternative so I propose that we re-allocate funds ASAP before the LEO-Bridge launches.

By staking CUB we can earn 0.38% per day on the holdings, by providing liquidity to the farms we can earn up to 0.88% per day but will suffer from impermanent loss. If CUB token happens to moon the best idea is to be staking in the dens rather than farming the liquidity pools. Comment below with your thoughts, but I believe staking is the best strategy for a long term hold.