Yes but I think the major reason is what @taskmaster4450 said about Cubfi burning LEO tokens. If they are, they might be pushing prices up due to the lack of liquidity and this is the reason why the prices have not corrected.
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Oh, that's is true, this means anybody selling he's Leo now thinking Leo is at it's higher, haven't seen anything yet because cub has just started and will keep burning.
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No I was selling LEO because the ratio of LEO:LBI was less than 1. This means LBI is cheaper than a single LEO. The current rate of exchange for LBI is 1.1:1 so anything less than 1 is an obvious good deal.
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Well as long as they are selling LEO for Hive , it makes sense or as jfang mentioned sell LEO for LBI ? Makes sense but anything other than that - they will regret according to me.
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Well I saw on cubdefi.com that CUB was burned . I didn't see how much LEO was burned from the team though .
I can pull some numbers to see them but at the end the summary is there will be less liquid LEO and hence price soars .
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Yes I forgot to add that there are some people who want bLEO so they are buying up the supply of LEO to convert. I think there is a window before it no longer feeless. Either way, there will be less LEO on HE thus prices go up.
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The amount is 20% of the total taken in.
80% going to burn CUB, 20% in LEO...actually bLEO.
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