I simply cannot understand how people can sell $LEO at such low prices (even $0.11 on Hive-Engine) considering that starting 23rd of September the new USDC revenue model gets live on LeoDex for LEO stackers. It is like selling your precious gems for peanuts.
All the Hivers who saw LEO pump and immediately started their power down to dump for anything more than the normal 0.0001c that their Hive Engine tokens are worth.
You also have to remember that once that goes live, LeoStrategy will be buying less LEO than they are now. Right now they're using all the fees to buy LEO and stake it. Once the sLEO payouts go live, LeoStrategy will be splitting the USDC with the rest of us. They'll still get the biggest share, but it won't be 100% like it is now.
That said, if LeoDex keeps killing it, the fees could be higher by then so maybe it will be a wash. Either way, unless all the Lions decide to reinvest their USDC into LEO, there will be less buying pressure on the token. It will, however, incentivize the masses to buy their own LEO. So hopefully there will be renewed buying from individuals as well as LSTR. We'll see.
Mysteries of the universe.
It's still within 4 weeks of the pump.
All the Hivers who saw LEO pump and immediately started their power down to dump for anything more than the normal 0.0001c that their Hive Engine tokens are worth.
They'll be soaked up soon enough :)
it's true, but maybe they have bills to pay
You also have to remember that once that goes live, LeoStrategy will be buying less LEO than they are now. Right now they're using all the fees to buy LEO and stake it. Once the sLEO payouts go live, LeoStrategy will be splitting the USDC with the rest of us. They'll still get the biggest share, but it won't be 100% like it is now.
That said, if LeoDex keeps killing it, the fees could be higher by then so maybe it will be a wash. Either way, unless all the Lions decide to reinvest their USDC into LEO, there will be less buying pressure on the token. It will, however, incentivize the masses to buy their own LEO. So hopefully there will be renewed buying from individuals as well as LSTR. We'll see.