How To Get Exposure To wLEO Without Entering Uniswap
Leo launching on Uniswap is a bigger deal than most people realise in the ecosystem. Having the first layer two token take the step outside HIVE shows that this chain is only an incubator to provide a use case at a low cost and tap into a user base as well as investors.
Relying on HIVE forever, for the growth of your product is not going to see you get very far and you need to spread your wings into other chains and communities. We saw this with Splinterlands as they now accept a range of currencies and wallets support.
We saw this with dTube that launched its mainnet and accepted multiple chains and logins support. Now we see LEO moving out into the world of ETH.
Wrapped on the knuckles
As many HIVE and LEO users are micro investors and don't want to spend large amounts of capital for potential upside, the Uniswap pool might not make sense for them. I mean with gas fees around $6 it takes 45 LEO to wrap some LEO, and you haven't even gotten started yet.
So how can LEO and HIVE token holders get in on the action without having fork over all that gas fees? Well, there are three ways I've seen that you can get in on the upside exposure and make some extra moola in the process.
Arbitrage
The first one is arbitrage if you have some HIVE to spare load it up on HIVE Engine, watch the token price on Uniswap and HE and if you see price gaps between them set your buy and sell orders with LEO to try and exploit that gap.
As traders on Uniswap need more LEO to add to the pool, you can profit from that demand and ensure that keeping the price the same on both exchanges is to your benefit.
If the price on Uniswap is higher, buy up all the cheap tokens to meet the price and then reset those orders, so anyone buying needs to buy in at the new price.
SPI tokens
The @spinvest guys and girls have been getting into the thick of things, and if you own their token, you are getting exposure to the wLEO LP. Of the profits the SPI team make they kick back dividends to you as a token holder.
All you need to do is buy SPI tokens, sit back and collect your dividends.
SPEW
SPEW is a pooled project by the Spinvest team and is looking for a 500 LEO contribution. To save on gas fees, the investment is pooled together into one and instead of everyone having to make transactions to fill the liquidity Pool. Larger, less frequent transactions are made, making it more efficient, reducing fees and increasing the return opportunities by being a larger part of the pool.
You can find out more about it here
Have your say
What do you good people of HIVE think?
So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie."
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Posted Using LeoFinance Beta
I saw the SPEW but only have 200 LEO liquid, I have to play around with Arbitrage option and earn some of SPI tokens as well.
We must all play our part in the ecosystem, and if you don't do it someone else will so lol if someone wants to kick some cash flow my way for a few minutes work, why not?
Posted Using LeoFinance Beta
I'm glad I contributed 500 Leo to SPEW it's going to be exciting I don't plan on taking my funds anytime soon
Posted Using LeoFinance
Exactly most people aren't going to take their funds out anytime soon and will let it run until the ROI reduces to a point where they feel its not worth it so for those not in it yet, they can do other things like arbitrage the price and enjoy the swings that this LP will cause
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Awesome article, I would add purchase Leo miners as well, but all are gone and now selling for the longer term potential of wLEO.
Posted Using LeoFinance
That's a great point, basically becoming a liquidity provider and for sure if you got a decent stake in the miners that's a steady income by keeping the market ticking over.
What would be cool is more pools so let's say the @hivehustlers guys may create their own pool or the @ctp peeps I know they also about their money.
More pools mean more competitive rates :P
Posted Using LeoFinance Beta
If you want to get technical, DEC has been trading on Tron for a long time. It even has an ERC-20, but I don't think it's listed anywhere.
Posted Using LeoFinance Beta
I like to get technical, and yes Splinterlands cards can be converted into ERC-721's too so they are also hoping around on ETH. What this all says to me is what a missed opportunity SMTs are now we always knew they were but imagine wrapped ETH and other tokens on the main chain and the pairs on the internal market, would make it so much easier to flow between currencies right now
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Yep
That knee that ned kicked us in looks like it is getting back into gear.
Looks like his nothing more than a foot note in history and onwards we march
Can't be soon enough, for me.