Waivio

I Guess I'll Do This Now...

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jongolson38.4 K10 days ago3 min read

https://img.leopedia.io/DQmdZ9P9AHP5vgPTyvupGFUk6sW67RsFYgM2kaJg2ipVP4L/54f.png


I'm kind of following up from my post yesterday where I asked....Now what?

LSTR sold out it's initial offering. $LEO is doing LEO things. And I was pretty boring....My conclusion was, keep doing what I've been doing.

Buy 'moar' and see where this goes! Which is a great plan but alas...This is crypto and Jongo loves making 'different' decisions.

However, this time I think it's pretty much a no-lost option for yours truly...

Earlier today, I loaded up Tribal Dex. Which in itself is a small miracle, because I haven't used that front end trading platform in years. I usually just stick to Hive Engine when doing anything on layer 2, but H-E doesn't have liquidity pools....

And I wanted in on this:

https://img.leopedia.io/DQmekwH9kUwJLYt2ZEnEHb9uVQbM3dNKeex1S64vPEa34qs/ff4f4.png

This is the new LSTR:LEO liquidity pool that Khal was going to set up as soon as the initial offering of LSTR sold out. And as promised, he launched it this week.

Now let me perfectly blunt when it comes to this stuff....All I know, is that impermanent loss can happen when you dive into the de-fi stuff. And in the past, it's worried me because I'm usually only 'bullish' on one of the tokens in a pool.

This isn't the case with LSTR:LEO, simply because I don't think I can 'lose' no matter what token performs better over time. Honestly, I think they will both do great so it's a win-win for me.

It also allows my account to get a few rewards along the way, nothing huge but regardless it's better than just having my tokens sit there and do nothing (waiting until September that is)!

So I snagged 355 shares of the pool and smiled from ear to ear....

Why is that?

I checked the 'pool' stats over on Bee Swap (another H-E front end for trading) that actually lists the top holders of the shares and check this out...

https://img.leopedia.io/DQmWkhspjGneoxYwq9LCWtyY6vtsbAAXjAWMw8gHxTFZcX8/4r4r.png

O.k., look I know this isn''t going to last lol Mostly because I don't have the capital to compete with some of the big whales in the LEO world. But wow, I'm 4th right now with over 3% of the total shares. That's pretty cool to me :)

Anywho....

Long story short, as much as I'd like to think this is going to make me rich in a month lol That's not really what I wanted to do with this....What I always want to do is support the $LEO community, and providing liquidity for this pool does that. It's a small contribution, but I think if everyone did a small part in the overall community...Amazing things happen!

We're already seeing plenty of Lions contribute beneficiary rewards to @leostrategy and this is awesome to watch! Just little things like this, really help momentum and create such a powerful sense of true ownership for everyone in LEO.

And I'll practice what I preach once again :)

I'm setting 5% to @leofinance for this post. Another 5% to @leostrategy And finally another 5% to @skiptvads because they are always adding amazing entertainment content to the Threads platform. I really enjoy reading them!


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