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RE: Units vs Price | Staking vs Income

in LeoFinance • 2 years ago

I would love to see some transparency about these numbers. Do we have any idea? Also ad revenues are burning LEO so as long as we are emitting net LEO, we are also printing.

The reality is that it covers such a small percentage of emissions that HIVE and LEO tokens are both coming from no where. At least LEO has a plan to generate future revenues, I would give you that.

Other question, I always asked myself: our emissions are not capped in any way as if tomorrow somebody delegates 10mn Hive Power to the leofinance account, it will get the 16% yield paid in LEO (new ones?) and I do not think the curation rewards generated by the Leofinance accounts are being used to burn anything.

These are honest questions I have and I would love some insight if you have some.

Thanks! Upvoted!

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2 years ago in LeoFinance by
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     2 years ago  

    A few things

    • Ads are not burning LEO this was the case way back when but right now the revenue is being pooled into a smart contract and at some point it will be used to buy LEO off the market and award it to those who are staking LEO tokens.

    • 16% APR comes from buying the LEO again through the hive power generated. So it's selling Hive for LEO (at least that's my understanding)

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     2 years ago (edited) 
    • Well, I think I am a big user and I have missed the last update, oops. In any case, it could could reduce supply or be used in contests, etc... but it does not reduce emissions automatically.
    • I did not understand it that way. I don't think these are LEO bought on the market. Also, as Hive curation is 8-10% max, that is still an extra 6-8% APR paid in LEO and emitted.

    Thanks for your answer!

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