RE: The Untrusted Cooperative
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You're approach to the space is spot on. While many are in DeFi and circling around projects based solely on short-term personal gain, there is something much larger at play underneath the 200% APY returns and glorious stories of going 10x. While we'd all like to make a profit in the here and now, focusing on building, using and iterating these systems for the future is what truly matters.
I hope others adopt this line of thinking and choose to look at the long-term value proposition of things like DeFi, Liquidity Pools, wLEO, etc. as opposed to short-term profiteering.
Posted Using LeoFinance Beta
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If we aren't looking to change the system, we are just trying to climb up the ladder.
I have my powerdown on LEO running now so I can have some liquids to get involved with - thanks for you and your team's work :)
Nice :) there are a lot of whales powering down and also buying all the liquid LEOs on the market to get ready to proivde liquidity. I love to see the community rallying behind it.
Thanks for supporting by getting involved - as you said, all of us getting in there and getting our hands dirty is what moves the needle forward 🦁
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I have been selling off small amounts in the hope some more people will get involved, not just the whales - but I won't sell much! :D
That is an interesting trickle down effect - stake is actively moving around into new hands and curation rewards will also increase as the whales power down and move stake off-chain into the LP.
It seems to be a W all around :)
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Yep, the curation is going to be interesting. One thing to keep an eye on is how people vote who don't have large stake but now have more draw on the pool - is there abuse? I know this isn't a huge concern perhaps, but it is interesting to watch :)
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