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RE: DeFi the Savings Wallet and Supercharge the Second-Layer?

in LeoFinance • 4 years ago

Not a sink in a traditional way that you are thinking. But it does take a lot of the native token out of circulation. If rewards are high there is no reason for the user to unstake from the liquidity pool. Please look at pancakeswap at Binance smart chain. Which is a ETH clone but MUCH lower fees. It's transaction vol is now higher than ETH. That is saying something!

Full disclosure: I am invested in Cake and HE model is influenced by BSC and Pancakeswap

4 years ago in LeoFinance by
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     4 years ago  

    Please look at pancakeswap at Binance smart chain.

    I have staked a bit of usdt using this on autofarm - I have no idea what I am doing, but it is there doing it :)
    I also bought some cake, but unsure if I should stake it anywhere - at the mo it is sitting on Binance.

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       4 years ago (edited) 

      Oh no. You got stake them :)

      Hook up BSC on Binance smart chain. Look for post I did about 20 days back. I have step-by-step instructions

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         4 years ago  

        damn it.

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           4 years ago  
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           4 years ago  

          Thanks. I am good to go. I sent you a DM just to check something :)

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