Dull times the past day as we wait for HIVE-ENGINE to replay led me to look at other options via my Metamask wallet.
Though V1 of wLEO didn't turn out the way we had all hoped it would, it was a good lesson in the school of life for this Leo.
When I say school of life, I'm not talking about the school of hard knocks. Not at all. The wLEO event only made my account stronger.
It may have added work to the large endeavor the LeoFinance team has tasked themselves with. I've heard the setback described as nothing more than a correction on a chart that's still in bull mode.
Quite fitting, wouldn't you agree? I haven't seen team Leo shy from any work so far. Because of this "no way but to bull forward" attitude, LeoFinance will come out stronger than ever before.
But it's one step forwards - two steps back after HF Eclipse! With nothing to do but wait for my assets on HE to return, I put some of my newly learned skills to work.
Becoming Comfortable Using Metamask & AMM's
The lessons aren't paying dividends yet. So far, using my new Metamask wallet and connecting to DEX protocols has been relatively easy.
Using Uniswap for the first time to enter the wLEO LP helped me become comfortable with the whole process.
Patience is often the key, I've found, as I've tried to send orders through that didn't show yet were in fact in the Ether nonce. And I've spilled some gas (so to speak) from doing that.
ETH To BAL While Waiting
Consuming mounds of info about different DEX protocols was another side effect of getting involved with wLEO. Balancer is one such protocol that I've been learning more about.
Holding UNI didn't work out so well for my portfolio. The DeFi sector as a whole went into a decline, and UNI was hit harder on the news of Binance Hodling so much of the coin.
Times have moved forward since then and I'm hoping the DeFi sector is ready to surge again. Looking at the chart for BAL yesterday, it seemed undervalued.
Well...the value of BAL wasn't done with its decent. After picking just a few coins using ETH and Metamask, the price dropped another $1.40.
The price of BAL was looking good to me before and it's even better now. Perhaps not being able to move HIVE out of HIVE-ENGINE will be a blessing in disguise. It's forced patience that I need more of sometimes.
If you're new to AMMs or haven't checked out Balancer, it offers a variance from matching paired assets that protocols like Uniswap or Sushiswap offer.
On Balancer, people can pool multiple coins together. They can pool pairs if they like, but the pairs can be weighted by varying percentages. They can be 80/20 (or other combinations) instead of the 50/50 match other protocols require.
I might grab some more BAL when HE is back up, notwithstanding any major market moves.
Not Financial Advice.
Thanks for reading and as always...
Screenshot From Balancer
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