Experience Of Unwrapping WLEO

in LeoFinance2 months ago

Hey Friends ...
Have a nice day!

Yesterday, I checked the state of my WLEO.
I only got 37 WLEO in the Metamask when I wrapped LEO 40 as WLEO.
About 3 LEO is a fee cost.
I think it has been almost two months since I did wrapping.
But, I seem that there is nothing special about the WLEO 37.

I just konwed about WLEO Liquidity Providing before I didn't know it well when I reached on LeoFinance.
I thought that it would be some beneficial If I do WLEO Liquidity Providing.

Do you have WLEO Liquidity Providing?
Have you benefited from that WLEO Liquidity Providing?

By reading some posts about WLEO Liquidity Providing, I knew that Liquidity Providing with a small amount of WLEO is not profitable.
Is that true?


So, I decided to unwrap the WLEO 37.
Firstly, I logged in to LeoFinance.io at browser in Metamask with my Account Hivesigner.

img_0.9572353572246025.jpg

Then, I clicked on the WLEO wallet and clicked on the Unwrap icon in the WLEO Token section that appears.

Then, I typed WLEO 37 to unwrap and clicked Continue.

Then, I see a confirmation to confirm the unwrap, but I could not click Confirm because there is not enough ETH in my Metamask to pay the Network fee.

There are three types of fees for Network Fee: Slow, Average and Fast.
I chose Average and Saved.


Then, to get Network Fee ETH, I planned to convert some LEO in my LEO Wallet to ETH.

img_0.4534199883298805.jpg

When I clicked on the ETH icon from Leo Wallet, I saw a place to exchange ETH by sending LEO to swap.app.
I typed LEO 6 that I want to swap and clicked Continue.

Then, I approved by Hivesigner.
But, it did not succeed.

Swapping LEO to ETH was failed due to low LEO volume.
If you want to swap LEO to ETH with swap.app, you need to do at least 15 LEO.

This is why I failed to unwrap a small amount of my WLEO.


Here, I want to ask some questions.

Can I get any benefit by keeping my WLEO 37 as it is now?

Do I need to unwrap WLEO to become LEO?

How can I do to be better?

Please advise me.

Thank for all ...

Tin Aung Soe


[Burmese]

မနေ့က ကျွန်တော်၏ WLEO အခြေအနေကို စစ်ဆေးဖြစ်ခဲ့ပါတယ်။
ကျွန်တော်သည် LEO 40 ကို WLEO အဖြစ် Wrapping လုပ်ခဲ့ရာမှ Metamask ထဲ၌ WLEO 37 မျှသာ ရရှိခဲ့ပါတယ်။
3LEO မှာ Fee ကုန်ကျခြင်း ဖြစ်ပါသည်။
ယခု ထို Wrapping လုပ်ပြီး နှစ်လနီးပါး ရှိခဲ့ပြီ ထင်ပါတယ်။
သို့သော် ၎င်း WLEO 37 မှာ ဘာမှ ထူးခြားမှု မရှိဘူး ဟု ထင်ရပါတယ်။

ကျွန်တော်သည် LeoFinance ပေါ် ရောက်ရှိခဲ့ပြီး LeoFinance

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Can I get any benefit by keeping my WLEO 37 as it is now?

holding WLEOs will just allow you to participate in the appreciation of the LEO/WLEO token (since they are closely tied). You won't have earning power with liquid WLEOs until you either add liquidity to the WLEO-ETH pool or unwrap WLEO into LEO and power it up.

Do I need to unwrap WLEO to become LEO?

Unwrapping WLEO is what allows you to receive LEO. yes, you must unwrap WLEOs in order to get LEOs back.

How can I do to be better?

If your goal is to HODL LEO/WLEO and earn rewards then I recommend two things:

  1. Stake LEO as LEO POWER and earn curation rewards for upvoting
  2. Deposit WLEO and ETH into the Uniswap pool to earn LP yield rewards

#1 can be done with smaller amounts (like 37 LEO).

#2 should only be done with larger amounts (minimum of $100 per transaction to get money into the pool)

Hope this helps!

Posted Using LeoFinance Beta

Thank you so much for your kind and clear answers!
The most suitable for me is just to make Leo Staking.

Posted Using LeoFinance Beta

Thank

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