Wrapped LEO is Now LIVE! | How to Wrap, Swap and Add Liquidity

in LeoFinance2 months ago (edited)

Wrapped LEO is Now LIVE!  How to Wrap, Swap and Add Liquidity.png

Wrapped LEO (WLEO) is now live (again)! Here's a quick guide/reminder to show you how to wrap LEO into WLEO, swap in the pool and add liquidity.

We just recorded a WLEO Roundtable Launch Party. This episode will show all of the key actions in real-time as we walked through the wrapping and adding liquidity process and will be posted on the @khaleelkazi account today.

Important updates since last time (in terms of Liquidity Providing/Wrapping):

  • New UI
  • Geyser LP Incentives

We've deployed the interface update for WLEO that was highly anticipated 1 month ago before the attack. This update is now live on https://leofinance.io and allows you to interact with WLEO like never before.

Now you can head over to your wallet page: https://leofinance.io/@leofinance/wallet and interact with WLEO directly on our primary app in addition to the original Wrapped LEO interface.

Important Links:

Uniswap Visual Data is Delayed

Uniswap is having some visual data issues this morning. The blocks do seem to be catching up fast and Uniswap is only about 45 minutes behind as of this writing. Hopefully it will catch up by the end of day today. You can see the pool now on Uniswap but keep in mind that it is delayed by about 45 minutes. So if you add liquidity or swap, you won't see the TX on their front end - however, you will see the TX on Etherscan.

New WLEO-ETH Pair

The visual data should update shortly. You can still do every action - swap or add liquidity - but it won't show directly on the UI right away. If you want to wait for the display issues to catch up (likely by the end of today), then you can just wait to interact with the WLEO Uniswap pair until the red banner at the top of Uniswap is gone.

How to Bind Your ETH and Hive Addresses Using LeoInfra:

Binding your ETH and Hive addresses will allow you to interact with WLEO on https://leofinance.io. By binding your account, you'll unlock a whole new set of cross-chain features to seamlessly work back and forth between the Ethereum blockchain and the Hive blockchain.

To bind, just head over to your wallet page on https://leofinance.io and hit the "Connect With Metamask" button:

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Metamask will then prompt you to sign a text message to confirm that you own the ETH address you're trying to bind. After that, a Hive message will pop up to broadcast a custom JSON (this JSON confirms your ownership of the Hive account and binds the two on the Hive blockchain).

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Once you've bound your ETH address, you'll see all of the new features that are available to cross-chain enabled Hive accounts!

How to Wrap LEO Into WLEO

To wrap LEO into WLEO, just head over to your wallet page and hit the wrap button:

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After clicking wrap, you'll see the following dialog:

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It's already prefilled with your ETH address in the memo field (this utilizes LeoInfra HIVE-ETH binding). Just enter the amount you want to wrap and hit "Continue" to receive your WLEO on Ethereum.

Note: if you ever lose access to the ETH address that your Hive account is bound to, then don't wrap LEO into it! If you no longer hold the keys to that ETH account, then you won't have access to any assets in it. General key management practices apply.

Once you've hit continue, you'll see the WLEOs enter your ETH address within a few seconds/minutes.

To unwrap WLEO, just hit the unwrap button and then follow the same steps. It's already prefilled with all of your Hive/ETH information. Just enter the "Amount" you want to unwrap and hit continue.

Alternatively, you can wrap/unwrap LEO and WLEO using https://wleo.io. Here's a guide on that.

Another note: for security, this WLEO unwrapping system works differently than the other one. Do not send WLEO directly to any address if you intention is to unwrap the WLEOs into LEO. You must interact with either https://leofinance.io or https://wleo.io directly in order to unwrap your WLEOs into LEO. Sending it manually to the cold wallet or contract address will result in a loss of WLEOs.

How to Provide Liquidity

We've talked about this numerous times for the past WLEO launch. You can view all of the guides we made on https://leopedia.io/wleo. Here's a quick refresher on providing liquidity and swapping:

Go to https://wleo.io/uniswap

Click "Add Liquidity" in the top right.

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Then enter the amount of WLEO + ETH you want to provide. Remember that you need to provide an equivalent amount of WLEO and ETH in terms of USD value (50 - 50 ratio).

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Connect your wallet, then click "Approve" to approve the WLEO contract.

Once you've approved, then you can hit "Supply" and send your ETH + WLEO to the pool. Congrats! You're now a liquidity provider and you'll earn market maker fees and geyser LP rewards.

How to Swap ETH and WLEO

To swap in the pool, head over to https://wleo.io/uniswap.

Then click "Trade"

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Then enter the amount of ETH (or WLEO) you want to swap. Swapping into WLEO from ETH is the same thing as selling ETH in exchange for WLEO. The reverse is also true: swapping from WLEO into ETH is selling WLEOs in exchange for ETH.

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As the total pool liquidity deepens, the "Price Impact" % gets smaller. Deeper liquidity makes it easier and more attractive for traders to enter/exit WLEO.


Video Guides Dropping All-Day Today!

We're going to pump out a lot of videos today to explain everything. The backend of WLEO is much different but the surface level UI stuff is all very similar to the first version of WLEO.

Wrap, Swap and Add Liquidity. We'll have new guides dropping continuously for the next several days to explain everything in real-time. Most users respond well to our videos, so we'll make sure to do a healthy mix of written + video guides. Also feel free to jump in Discord and ask questions if you're stuck on any particular part.

If you're an experienced LeoFinance/Uniswap user, we encourage you to write your own guides, thoughts and experience using the WLEO token and Uniswap pair. Community-based guides will go a long way in helping as many users as possible and the Curation Team will keep an eye out for various guides on the WLEO token for extra rewards.

First Geyser Snapshot is in 48 Hours

Due to the ETH network congestion, we've decided to start the Geyser snapshots 2 days from today. That means that on November 14th, 10 AM CST, the first day of Geyser snapshots will occur.

This evens the playing field and allows liquidity providers an extra day to get in the pool. The ETH network issues have caused data display errors on Uniswap and higher gas fees. Over the next 48 hours, we think all of these issues will be solved and you'll be able to easily add liquidity without paying a hefty gas fee. We don't want to give the advantage only to big providers who don't mind paying a few $ in extra fees, so we're happy to extend the day 1 snapshot window to allow everyone a fair shot at the first Geyser snapshot.

Remember: the earlier you provide liquidity and the longer you leave it in the pool, the higher your rewards.

In the infamous words of @nealmcspadden: "Pool early, pool often"

 

 

LeoFinance is a blockchain-based social media community for Crypto & Finance content creators. Our tokenized app allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

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Big progress.

And this is just the beginning, in my view.

The next 12 months will be big for Leo Finance website and WLEO.

Welcome 2021...!!!

Posted Using LeoFinance Beta

We had a lot of projects and collaborations in the works along with external exchange listings in the roadmap. I’m most excited about getting back on track for that long-term plan 😎

Posted Using LeoFinance Beta

I’m most excited about getting back on track for that long-term plan 😎

We all are! :) The external Exchange listing can be absolute major!
The link with Ethereum is something that I also love a lot; Opening up LEO to other communities. So much faster than the base chain HIVE! Great to see the pace you guys are working in.

Posted Using LeoFinance Beta

This looks amazing. I like how user friendly the wallet is with wrapping $LEO etc. You all really did a nice job on this. WTG!

This makes me more determined to earn more LEO to be a part of this in the near future! :)🧡🙌

Posted Using LeoFinance Beta

Glad you like it! I also saw a clip from your latest video :) the wallet UI is one of my favorite updates

Posted Using LeoFinance Beta

Oh thank you. Appreciate you watching! I think the wallet is going to make it so much easier for the "average" people like myself :)

Posted Using LeoFinance Beta

That is the exciting part about Leofinance.

Many people are getting very motivated to earn more LEO and get their hands on it.

Things will only keep growing from here.

Glad to have you onboard.

Posted Using LeoFinance Beta

Congrats on the relaunch!

Posted Using LeoFinance Beta

Thank you!!

Posted Using LeoFinance Beta

I wasn't participating in the first liquidity pool, but I'm in for this one! Not some crazy numbers, but it's nice to support wLEO!

Posted Using LeoFinance Beta

Glad to have you in this round :) I’m excited to unveil a lot of the collaborations and use cases of WLEO that we planned before and can now bring back. 🚀🚀

Posted Using LeoFinance Beta

Sage advice from @nealmcspadden. Can’t go wrong with that 🦁

Posted Using LeoFinance Beta

Congrats! So the easiest way to connect Hive acc. Leo and Ethereum network is to install/have a Metamask wallet?

Awesome! Great job you guys. LeoFinance is just getting bigger and better everyday and it is because of all the effort you and others are doing!

Posted Using LeoFinance Beta

From what I'm seeing on Astrotools, it will soon be 1/4 of a million in the pool!

astrotools.PNG

Posted Using LeoFinance Beta

Wow!

Posted Using LeoFinance Beta

This time I'm joining the party!! I'm thankful with the opportunity to participate in this project.

Posted Using LeoFinance Beta

Good job. It is good to see you dive headfirst into leofinance like the rest of us.

Posted Using LeoFinance Beta

Happy to be here! And soon enough I will be investing in LEO, after I sell the house that I'm currently renovating with my family.

Posted Using LeoFinance Beta

no need to sell your house to buy leo

although I do admire the balls of it if you do...

Posted Using LeoFinance Beta

It's not the only reason we are selling. It's really my parent's house, we have other projects, they need to buy a better car and also their house needs some work.

We have a small house that we rent on Airbnb and maybe my father will build another to expand the business. The goof thing is that my father is the best handyman, he is an architect, carpenter and knows the basic of electricity and plumbing.

With my part I'm buying Hive and Leo.

Posted Using LeoFinance Beta

“I sold my house and bought LEO” might be one of the best clickbait titles ever ;)

Posted Using LeoFinance Beta

Lol! Taking note of that title, so I can make a post about that when we sell the house.

Posted Using LeoFinance Beta

i admire your faith but its honestly best to keep it to yourself because the market will basically front run you otherwise. Its good for us all though, id be quick though because both assets will double in price in the blink of an eye.

Posted Using LeoFinance Beta

It would be good to publish the current coin an pair contract address

Posted Using LeoFinance Beta

It’s there :)

https://wleo.io/uniswap

Posted Using LeoFinance Beta

Thanks.

Posted Using LeoFinance Beta

Astrotools is what I like much better than the UniSwap UI: https://app.astrotools.io/pair-explorer/0x176d5681af7a7d33bca2b10f716bb19499a9dd12

Posted Using LeoFinance Beta

Way to GO! WOOHOO!
A few weeks ago, tested my first ever liquidity thingy at Uniswap: some KOIN I put in there.
Now I'll find myself some LEO and some Ether to do the same with LEO.
Will wait a little for lower Gas fees though; This evening (GMT) is better than during the day; But weekends are usually much better. Will be more or less symbolic value anyway, am just a small fish in a pound of some big whales. I hope I'll be able to get myself some rounds of quality coffee each month from the profits :)

Posted Using LeoFinance Beta

We appreciate all your support @edje. It all adds up and is fun to see more people involved.

With liquidity pools, the more wallets involved the better.

Posted Using LeoFinance Beta

Thanks :)

Posted Using LeoFinance Beta

wleo.png

Posted Using LeoFinance Beta

Excellent work on this advancement. Good job staying on the horse!

Let's GO!!!

Sky is the limit now. Fasten your seat-belts and flood Twitter with the great news.

Posted Using LeoFinance Beta

On the path to $10,000 LEO according to Khal.

He is a bit more optimistic than most. LOL

Posted Using LeoFinance Beta

If we ever get there, I'll buy you an island here in Greece.

On second thought I might buy you two

Posted Using LeoFinance Beta

Might be cheaper to buy Greece. LOL

Posted Using LeoFinance Beta

Back Better and stronger. I believe wLeo is going to stay for quite a long time, by the way, congratulations to us lions.

Posted Using LeoFinance Beta

This time with more security. It is really going to help Leo holders.

Things are already moving on Leodex.

Posted Using LeoFinance Beta

Great job for overcoming the hack and not giving up on WLEO. Hope it will be a success.

Posted Using LeoFinance Beta

Sweet! I'm in the pool once again. I didn't want to power down, but wrapped all my liquid LEO to enter the pool. It's almost the same amount I was at last time, thanks to the awesome resolution of the hack by the LeoFinance team.

One question though: What happens to the rest of the ETH (0.03) from the last round? And how about all that WLEO, which probably is fake... Here's a screenshot from Liquidity.vision:

Screenshot_20201112 Liquidity vision 🌊.png

How can I verify what's good and what's fake? And once I've done that, how an I get rid of the fake stuff and how can I put the real things to good use, that is adding it to the liquidity pool?

Thank you guys, you are amazing!

Posted Using LeoFinance Beta

Send a DM to Khal on discord or drop your question into the Leofinance discord group so someone can answer it.

Your question might not be seen in here.

Posted Using LeoFinance Beta

Unfortunately I cannot participate in this first phase for economic reasons but I still want to feel part of this great opportunity for Leofinance!

Come on guys! 🎉🎉🎉

Posted Using LeoFinance Beta

You will participate simply by enjoying the increase exposure to Leofinance and the increased liquidity of the token.

Posted Using LeoFinance Beta

you are really very kind, I would have liked to give my contribution ...

I will try to remedy this by participating even more actively!

Posted Using LeoFinance Beta

Great job! Back in business now, glad to be here from the ground up! This is hella exciting jusy shows how epic this project is that it can roll with the punches and come back stronger

Congratulations @leofinance! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You published more than 30 posts. Your next target is to reach 40 posts.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

I am in at a starting percentage of a little over 5%. I suppose that will drop throughout the next couple days as people are able to add to the pool.

This is another historic day for Leofinance. Almost $100K in ETH in there according to Etherscan.

We will get back to the $500K point rather quickly. People are interested in what is taking place on here.

Posted Using LeoFinance Beta

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Congratulations!
By the way, on astrotools the LP and the stats are much better shown:
https://app.astrotools.io/pair-explorer/0x176d5681af7a7d33bca2b10f716bb19499a9dd12
Already >200K Vol!! Amazing!

yay you guys are doing great! congrats for the re-launch...

Posted Using LeoFinance Beta

Excited for this new Leofinance achievement!
Having the token pegged to ETH is really good, specially if ETH pumps... Which will do, sooner or later!

Posted Using LeoFinance Beta

Hardworking always pays off.@leofinance

Posted Using LeoFinance Beta

Great stuff,

Any update on the 9K WLEO to wrapped-leo but not received from wrapped-leo 1.0 thing? Just so I can pool early rather than waiting for my next PD round given the ETH fees!

I hate to ask as I'm sure you probably haven't slept too much as you must be quite (to say the least) busy, but you did say to be resolved before the WLEO launch,

Cheers!

Posted Using LeoFinance Beta

I know it was a lot of work last time, but is there another @spinvest pool?

Posted Using LeoFinance Beta

Can anyone help me:
How can I take my wLeo and ETH out of the pool?

Posted Using LeoFinance Beta

Found the answer; on https://info.uniswap.org/account there is a 'remove' button.

Posted Using LeoFinance Beta

Thanks a lot it’s a great article ?

Posted Using LeoFinance Beta

This is just the beginning of LEO

So good!

Posted Using LeoFinance Beta

I just got here,I dont know how.
Totally confused right now

Posted Using LeoFinance Beta

Now we're talking. 🥂🍻

Moon LEO moon!
Let's close a great year 2020 and break some new records on the LEO Finance community!!!

Posted Using LeoFinance Beta

Very interesting post. The future is coming.

Greetings Michael

!invest_vote
!jeenger

@mima2606 denkt du hast ein Vote durch @investinthefutur verdient!
@mima2606 thinks you have earned a vote of @investinthefutur !

Your contribution was curated manually by @mima2606
Keep up the good work!

I have some small amount of previous wLeo. What to do with that? Is there a way to use it. It is currently in the same ETH wallet that I used for the previous uniswap pool.

Excellent already online, this is great, I will be preparing to be a liquidity provider

Curation and Education Project for LeoFinance
@erarium

Posted Using LeoFinance Beta

Wow such an amazing development I m waiting for this long time you guys are Rocking....

This is great news.... LEO to the moon.

Fantastic

In Wrapping LEO to WLEO, can I use ETH address as memo from Metamask? Or Do I use WLEO address?
And do I need gas fee ETH for Wrapping LEO to WLEO?

Posted Using LeoFinance Beta

Niceely done. Congrats to relaunch WLEO.

Posted Using LeoFinance Beta

This script is really Helpful for every newcomers
explaining about this and Making this script is not easy but i appreciate your effort

Posted Using LeoFinance Beta

I am IN (again) :-)

Posted Using LeoFinance Beta

I'm dipping my toe back in the pool for just shy of 500 Leo. Good luck. Really love what you're doing here.

Posted Using LeoFinance Beta

This looks really, really cool! You're doing such an amazing job with LeoFinance.
I think I will pass on this opportunity though, but I can totally see the amazing potential.

It's mind-blowing to see one post after another with great features and the innovative changes.

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