What's new in the leofinance ecosystem the past week? Well, that is what we are talking about on the latest leofinance AMA.
Crypto Bear Markets and How They Feel
We kicked it off talking about the crypto bear market and how things are and feel compared to the last crypto winter.
The reality is, the pain isn't technically as bad as the 2019-2020 bear, but maybe it feels worse because there are more people in crypto and the high profile blow up of the TerraLuna network.
Diversification isn't the worst thing and even within the pool of stable coins. We then dove into talking HBD, debt and blow up risk. While it definitely has better aspects than UST, everything has risk.
Threads Updates
There always seems to be a thread update as it keeps growing and improving. So now there is the little pencil icon that lets you edit your thread!
Fix your typos or if you just said something dumb you want to change ;-)
Also, there is the ability to do coursel of photos on threads.
Leofinance UI Update
The look of it will likely slant toward looking similar to twitter, but will still have a leofinance vibe to it with ability to long form post and all the things that the site offers.
The leofinance UI contest is still open, even if you have an idea of what the home page should look like or the tool bar or the profile page, it is worth submitting to try and win a piece of the pie. You don't have to provide a full website redesogn.
Leofinance will become a one stop hub for both short form and long form conternt.
Community pages will be a great example of this as you will be able to have access threads and long form for just that topic.
Poly Cub Inflation and Governance Vote
There is a governance vote going on right now with just two days left in regard to the halving of polycub.
Go here: https://polycub.com/governance to get your vote in. Be sure to hit the "learn more" button to read the details of proposed changes.
This governance vote is really about growth and whether you think the current inflation model is good for that or not....well atleast that is my on the fly impression while listening and typing, so yeah and stuff.
PolyCub still has a hard cap of 26 million regardless of what changes are made. No more than that can be made.
General Crypto Market
Bitcoin is grinding sideways still, but did poke back above 20K so that's cool.
Really its just about waiting out the crypto winter. I'm letting all my yield earnings stack in the meantime.
Many think that inflation is needed for growth, so with inflation shrinking and shrinking we have maybe hit a point of inflection where APYs are suffering from lack of inflation. It is an interesting dynamic for sure.
The convo definitely deep dived more more than what I have here with practical examples and watching the replay on youtube will be available. Probably about an hour into the call.