Many of you are already aware that the focus on INLEO has shifted toward refining the User Experience and the INLEO Interface. The lead domino for us is to create the smoothest, fastest and most enjoyable experience of Web3 on the planet. Premium Subs are now at 200 recurring monthly subscriptions and this is generating some nice early flywheel effects for the platform.
As of right now, @leopool has over $11,000 in perma-pool positions in the LEO:HIVE and LEO:CACAO Liquidity Pools.
A perma-pool position is permanent liquidity that will never leave the pool. ICYMI: LeoPremium costs 10 HBD per month. That 10 HBD is used to buy 50% LEO ($5 worth of LEO) and 50% of the other pair asset (HIVE or CACAO). Then the total 10 HBD is pooled permanently in a liquidity pool.
The flywheel effect of this is incredible. As the monthly recurring Premium user count grows, organic buy pressure on the LEO token grows. The LEO that is bought is then deployed permanently into liquidity pools, generating deeper and deeper liquidity for the LEO Token Economy.
Since the LEO Token Economy also operates various wLEO, aLEO, bLEO, pLEO bridges as well as the HIVE Aggregation Technology for Maya Protocol, the liquidity depth leads to fee revenue on these bridges, which ultimately leads to more permanent liquidity from trading volume. 🔂
If you're curious about these flywheel effects, Khal will be on @taskmaster4450's Weekly Lion's Den X Space tomorrow (Friday) at 1PM EST. We'll be specifically talking about flywheels and why they're so valuable for an ecosystem like LEO.
INLEO's New Image Hosting Service and Uploading Fully Fixed
Back to the subject of this post specifically. We're working on making INLEO the smoothest, fastest and most enjoyable Web3 experience. This requires a lot of technical debt get cleared out. If you're curious about this tech debt and how we're now focused entirely on refining the experience of INLEO, check out yesterday's blog post from @leofinance.
Over the past few weeks/months, we've experienced a lot of issues with image uploading. We used to use Imgur, then we tried using hive.blog. Neither of them provided us the uptime and smooth uploading experience that we needed.
So we set out to build our own image hosting service sometime about 6-8 weeks ago.
Since that undertaking, we experienced more issues. Finally, we pushed a major upgrade to the infrastructure last night and images are fully fixed.
You can now upload images on https://labs.inleo.io and https://inleo.io much faster, easier and with better quality.
We're going to further improve the compression tactics of images to make them more efficient AND higher quality on the UI. This will take some time but you will notice gradual improvements day-to-day on the UI.
I know that this has been extremely frustrating for many of you, so if you got frustrated and decided to take a break from INLEO, I invite you to come back and try the UI again.
In the month of April, nearly 40 bugs were fixed and some other massive infrastructure upgrades were rolled out.
The image hosting upgrade was a big one. We're now fully running our own image hosting and compression service. You'll notice how much better the experience is today compared to the past if you try uploading an image from mobile or desktop.
Continuing the Refinement Process in May
Again, the modus operandi from April and now going into May is to 100% focus on refining the experience of INLEO.
You know our team for pushing out massive features and rolling out technology that is on the bleeding edge. That's what we're passionate about.
As we roll out features, technical debt stacks up and it's important for us to address it. We were running in full sprint the last 12 months to create a feature-complete experience on INLEO.
Now is the time to clear up all the tech debt that was built up in that timeframe.
If you have been a user of the UI these past 12 months, we appreciate your patience as we have been building some bleeding edge tech that required a lot of testing, feedback and iterations.
A new era for INLEO is beginning. Get ready for an even better experience each time you log in to INLEO on a daily basis.