Only a day away from the wLEO launch and I am only a few coins away from my 20k target
In case you haven't heard, wLEO is launching tomorrow, September 17th on uniswap.
More on that can be seen here:
@leofinance/wrapped-leo-hard-launch-date-and-new-wleo-explore-page
This announcement has gotten quite a bit of fanfare, specifically because the founders of LEO are offering a bounty to those that chose to provide liquidity.
That bounty being 300k LEO for liquidity providers.
Which is no small number considering there is only a little over 5 millions currently in circulation.
For this reason I decided it makes financial sense to get involved as a liquidity provider and decided I wanted at least 20k coins.
So, I went out and started buying them yesterday:
(Source: https://hive-engine.com/?p=balances&a=jrcornel)
That picture isn't as clear as I would have liked it to be, but as of now I have a little over 18k total with about 17.5k liquid.
I will be looking to add to that total today for those of you that would like to lighten their LEO holdings into the wLEO launch. :)
If you are going to participate as a liquidity provider, keep in mind that you will need an equal value of ETH (in USD terms) to match your value in LEO.
For example if you have $2k in LEO that you are going to use to provide liquidity, you will need a corresponding $2k in ETH as well.
Tomorrow will be very interesting in terms of the price of LEO...
Will you be participating?
Stay informed my friends.
-Doc