Very valid points, with shorts if they can figure out how to inject a random ad in there that's going to b low up revenue for sure. There's a lot of place holder ads at the moment which don't pay sadly. But also LEO can implement other features which get paid in leo. Not sure we should burn it though just issue it as part of the APR. Lots of room for growth and things to do for sure. It's a good thing lol
After a lot of discussions, I think we've come to the conclusion that burning is not the best way to build long-term value
The float of $LEO is already so low. Most is powered up
The main issue we have is liquidity. So the long-term benefit of having permanent liquidity that constantly is bought and then deployed to LPs seems to be the best long-term value add for the ecosystem
Imagine $5M+ across the LEO liquidity pools that is permanently held there, never to be removed
Thanks for that. I have an account for LEO. Hoping to reach 7,000 LEO Power by the end of this year. This account is dedicated to curating articles posted on the #cent tribe.
Nov 1st or 2nd we will finally know if it would be worth it
It's not going to be worth it initially.
But all that matters is seeing how much traffic we need in order for the revenue to buy/burn inflation.
Then come up with a structured plan to get there!
Very valid points, with shorts if they can figure out how to inject a random ad in there that's going to b low up revenue for sure. There's a lot of place holder ads at the moment which don't pay sadly. But also LEO can implement other features which get paid in leo. Not sure we should burn it though just issue it as part of the APR. Lots of room for growth and things to do for sure. It's a good thing lol
After a lot of discussions, I think we've come to the conclusion that burning is not the best way to build long-term value
The float of $LEO is already so low. Most is powered up
The main issue we have is liquidity. So the long-term benefit of having permanent liquidity that constantly is bought and then deployed to LPs seems to be the best long-term value add for the ecosystem
Imagine $5M+ across the LEO liquidity pools that is permanently held there, never to be removed
A hard concept for people to understand. The default mindset in crypto is to burn.
Thanks for that. I have an account for LEO. Hoping to reach 7,000 LEO Power by the end of this year. This account is dedicated to curating articles posted on the #cent tribe.