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RE: I want more LEO ... so decided to powerdown

in LeoFinance3 years ago

I like this too. I pointed out in one of my last articles that my voting power is up by about 20% recently without me staking any more. This is why. I've been taking my earned Leo and, instead of staking it, I've been adding it to the bLeo pool and earning more Cub. In that way, I keep the Leo and earn interest on it payable in Cub. Best of both worlds. More Leo, more Cub, more earnings, more yield.

Your strategy is fine as long as you're not selling half of your Leo to buy the BNB you need. To me, selling Leo at 70 cents is basically giving up a 3x in the short-term. Maybe more. Who knows though? It IS crypto afterall. Good luck.

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Your strategy is better, IF you can do it that way. But for me to do it that way, would take me ages to yield something with only the profit. I don't earn that much LEO in a usual week. So yes, I do have to swap some of the LEO's for BNB, but ... right now at this point, I don't see that as a very big problem because I think BNB will also go up much more from here. In the end I still think it's a win. If I didn't feel it that way, I wouldn't have made this decision.

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