Ask Leo: Will W-Pools Be A Detriment To Leofinance.io
We are in the middle of exciting times, and even an exciting day, here within the entire hive/leo/cub ecosystem but I began to think about things from an "OG" perspective.
What will the cost of Wrapping Leo to provide for the Cubfinance Pools mean to Leofinance.io? Is blogging still our bread & butter?
@khaleelkazi touched on exactly what I was thinking about in the post https://leofinance.io/@leofinance/ui-refresh-leobridge-kingdoms-release-and-major-farms-dens-update when talking about the need for value of Leo in the pools will need to be increased.
I totally get that, and it is pretty exciting for people playing in that arena. But what about LeoFinance.io and curation.
I've already seen evidence of people powering down their Leo to participate in this and while I think it's great it will mean that they have less power to curate and grow the Leofinance community by encouraging new authors.
In short, people will earn less on their posts if there is less Leo Power out there voting. I don't say this for selfish reasons but for obvious ones. If new people don't earn some Leo while they try and find their voice on Leofinance.io, they will leave.
We are still new and the argument about shit posts and quality content are still very premature. People will learn what they have to do to earn and may stumble along the way. The important thing is that we vote for them.
I always say it is far cheaper & more efficient to support our current customers than it is to go out and find new ones. With less Leo Power curating, will this reduce the chances of https://leofinance.io/ reaching critical mass in the blogosphere?
We know that whales carry the load here but we do have an emerging middle class ready to take the reigns and do the curating. We aren't there yet so I wonder how this plays out.
If you scour the site and remove the whale votes there isn't a lot of "Wow" going on for authors. So with the shiny new W Pools needing our attention what happens to blogging?
I'd love to hear your opinions on this in the comments.
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That's an interesting perspective I hadn't considered. I was surprised to see the LEO price below that of CUB but I don't understand how this all works. I still intuitively think that LEO is probably the better choice for me. More straight forward. 😁
I also made my first post here today and was surprised to see that, so far, it has earned more on Hive that it has here. Maybe that's just because the Hive price has risen so much whilst LEO has fallen. It's all a bit tricky. 😂
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I'm not surprised with your hive votes. You have a lot of SBI so it figures. It takes time to get noticed on Leo when posting as opposed to commenting but it will happen. You will also get more hive if/when leo.voter finds your posts and votes in hive.
Make sure you take a step back and do a leofinance intro post.
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Ah yes. Well spotted. I've been out of the loop a long time. I'd forgotten about that.
OK. I wasn't sure it was relevant since I'm not new to Hive but I can certainly post from my financial perspective. 😊
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Hive SBI votes are trailed by @sbi-tokens, but it only has a few thousand LEO, so the LEO value is pretty negligible. We're going to be gradually bridging returns back from CUBFi and powering up more tokens on that account over time.
Agree with that
they should look at this point
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Correct me if I am wrong. I was under the assumption that a certain amount of LEO is generated every Block and it is distributed to everyone who is currently voting. Even if people power down, it only means that the remaining people with LP will get a bigger piece of the pie.
I think there may of been some changes to wLEO before that took a cut to reward over there but I CubFi returns their interest in terms of CUB. It is possible to convert CUB back into LEO then unwrap it but this takes a fee and would probably push the price of CUB down.
This was my understanding but I could be wrong. I always thought that as more people stake, you needed to also increase your stake so you get the same percentage of the rewards. I don't recall any changes to how much LEO is rewarded to the wLEO LP holders.
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I do believe that is the correct assumption so that could be good. But my thought is that some of the large stake holders that curate the big votes are powering down to fund the pools. Their votes will be less and they seem to be the votes that keep this thing going.
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True that could be an issue but I don't think all the big stakers are powering down. Its true that the values could start dropping slowly over time but its not like they are going away. I think this is more of a short-term dip since there are still incentives to power up (Project Blank).
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