LENM will power Lenopolis and you will profit
As we have learned in the previous post, the discovery made by the engineers on the Arch has far reaching consequences not only for the colonisation of the planet but also for you, the holder of LENM tokens.
You will be able to add your LENM together with LEN to a Dieselpool.
When you do that, this LENM will power the settlement on Liotes, it will receive a kind of maintenance fee for all the products that are generated thanks to it. The farms will produce food, oxygen and other byproducts. The living quarters will provide CO2 and compost. The labs and the workshops will be the place where discoveries are made and tools are created. Using LENM to power the settlement will therefore give a multitude of different rewards.
Contrary to most Dieselpools out there, the rewards of this Dieselpool will not be financed by direct inflation. Most pools simply mint new tokens and distribute them to the liquidity providers. This pool will be financed through the secondary income sources of the Liotes project. The reward pool will be filled constantly with the tokens that we generate through curation and authoring posts. The bigger the project gets, the more rewards the pool will contain. It will therefore be totally sustainable also in the long run.
Unfortunately it will take some time until we will get there. More about that in the next post...
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Liotes
A project run by @ph1102 and @achim03
Oh so it will be a LENM/LEN pool? I was thinking that it would be something more closely matched with HIVE but it makes sense since LENM provides LEN tokens.
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Combining the miner and the mined tokens hasn't been done yet so far. The idea is to provide a secondary market for LEN so that there might be arbitrage possibilities and more market movements for LEN. Also we see it as an other use case for both tokens. According to returns, people will be able to chose where to put their tokens, making the whole ecosystem more interesting.
Very cool. I !LUV this idea. I can't wait to see it in action.
<><
@liotes, you've been given LUV from @horstman5.
Check the LUV in your H-E wallet. (1/3)
Nobody tried something like that, so we will see how it will work... On paper, we are brainstorming about it for weeks... :)
!PIZZA
That's interesting. Len/Lenm paired.This has not yet been seen. I am interested in the explanation. So, resources from the second layer will provide pool liquidity?
Exactly... At the moment, we are selling part of our earnings from the second layer, but when we start the pool, those tokens will be sent to REWARDS for liquidity providers... So, people will have more options to earn different tokens...
!LUV
<><
@seckorama, you've been given LUV from @ph1102.
Check the LUV in your H-E wallet. (4/4)
Could you choose which tokens you want to get?
If you decide to keep LENM tokens staked as it is now, you get LEN... If you decide to add liquidity to the LEN-LENM pool, you will earn tokens that will be added as rewards there (we will add more than 2 different tokens)...
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@liotes The King is looking forward to the pool?
The Kingdom sends..........
!ALIVE
Thanks for the support! See you in the pool when it's ready...
!PIZZA
@ph1102 The King and his kingdom eagerly await the arrival.....you can find us patiently waiting at the dock.......
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@liotes Thank you @achim03 and @ph1102. Have a Miraculous Monday!
You Are Alive and have been rewarded with 0.1 ALIVE tokens from the We Are Alive Tribe, and it's paid for by the earnings on @alive.chat, swing by our daily chat any time you want.
I like the idea of an entire ecosystem working on the LENM/LEN combination. Good work engineers.
It's never seen and we will see how it will work...
!PIZZA
Step by step. :) !LUV
<><
@liotes, you've been given LUV from @crrdlx.
Check the LUV in your H-E wallet. (2/5)
Definitely... We are trying to pay attention to the smallest details before making big decisions... ;)
!PIZZA
Dieselpools... Good one as a secondary investment. Wait for more details about that~
More details will follow soon :-)
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This sounds very interesting, even though I do not currently hold LEN. It amazes me all of the different ways we can invest and earn on HIVE.
I totally agree with you, there are a multitude of ways to generate money on hive :-). It's pretty exciting if you ask me.
That's powerful addition to the LEN usecases. Good move.
Well, we will see how it will work... It's hard to say it now as nobody did something like that... But, we have brainstormed about it many times, so we hope it will work well for LENM stakers and LEN holders in the long term... ;)
!LUV
!PIZZA
<><
@uyobong.venture, you've been given LUV from @ph1102.
Check the LUV in your H-E wallet. (4/4)
Is it late to buy into the Liotes project. @Uyobong has been drumming about these second layer investment and yet, I seemed not to have understood. I think I'm having a shift in perspective now.
It's definitely not too late to buy some LENM. If you buy some of these tokens you can stake them and they will produce LEN tokens that you can sell on the market. At a later stage you will also be able to add them to a liquidity pool and get rewards from it.
I can't seem to add liquidity. Do I have to buy more Lenm or unstake to add to the pool?
When you are adding liquidity you have to have both assets that you are adding... in the same value... For example, 1 LENM and 42.599 LEN, prepared in your wallet...
We will try to create a short tutorial during the next week... As for holidays, we didn't have time to do that...
Cheers!