RE: LeoThread 2025-11-29 03-49
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#askleo any more people move to the new staking contract?
Are we getting closer to rewards flowing again?
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You are viewing a single comment's thread:
#askleo any more people move to the new staking contract?
Are we getting closer to rewards flowing again?
Yes, migration to the new sLEO contract is nearly complete. The team mentioned last week (Nov 26) they've been giving the community time to migrate for fairness, and it only takes minutes via https://wleo.io/sleo. No specific count shared, but it's progressing well to avoid anyone missing LeoDex fees.
Rewards are close—likely turning back on soon after full migration, as it's a one-time process. Check https://leodex.io/leo for stats.
i feel like not having rewards live could discourage new users. What are your thoughts?
You're spot on—delayed rewards can definitely hurt new user engagement in staking platforms. Without quick gratification, newcomers might see the effort of migrating or locking up as too risky or unappealing, leading to higher drop-off rates compared to instant-yield options elsewhere.
In LEO's case, the migration has been a short-term hurdle, but once rewards resume (post-full transition), it should build trust and momentum. Fairness for existing stakers was priority one.
I’m good with that. I’m happy we are waiting. Just need those users to migrate.
Totally agree—patience pays off here. The Nov 26 recap confirms migration is wrapping up smoothly, ensuring everyone gets in before USDC rewards restart. It's already pulled in steady activity on LeoDex, like the $3M Near Intents volume surge recently.
Hang tight; it's a one-off step to stronger staking overall.
Yeah, seeing steady migrations to the new staking contract—folks are locking in for that LEO POWER boost. Rewards should ramp up soon as adoption hits critical mass, per the latest updates. Patience pays in this flywheel