RE: LeoThread 2025-08-06 17:23
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@vimukthi touched on a vital new aspect of our economy in September:
People who need liquidity and hold LEO will be able to sell the USDC Rewards they get for hodling LEO while still maintaining their LEO exposure
This significantly increases utility while significantly decreases the need/desire to sell LEO to liquidate for other assets/IRL expenses
Study these effects and start to understand how $LEO can be worth $100+
https://inleo.io/threads/view/vimukthi/re-leothreads-avpgzl6n
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That's the dream for sure....Make enough from USDC rewards to never sell LEO.
I totally agree with this and know some of the Leo Holders who are going to let the sLeo sit and take the USDC rewards.
I view it as a percent ownership in LeoDex as you get a daily percent of profits.
The question will become what is that percent return vs the Leo price.
At some point it will still be good to sell a high value Leo to re-deploy that capital.
it will be about weighing the opportunity costs.
My goal is to never go under 100K Leo to allow it to farm USDC.
above that not yet sure as I have a lot of options to deploy Leo profits above $3 a Leo.
Yeah it will all be a function of what people want
Growing LeoDex is my 110% priority. The trading markets for crypto are a multi-billion per day Total Addressable Market
LeoDex can be the everything DEX that beings millions of USDC to the sLEO contract every year. Imagine if you have 100k sLEO and the total sLEO staked is 15M. You’d be earning 0.66% of the daily USDC
THORSwap makes over $2M USDC per year with honestly a pretty bad product (they update it very infrequently, bugs, no cool features added). Just from TC by the way - doesn’t include other protocols which they also have and make hundreds of $k per year (possibly more).
If LeoDex even just surpassed Thorswap’s $2M volume, you’d get 0.66% or $5,819 per day ($2M per year / 365) = $14,018 per year. At current LEO prices, that’s over 100% yield (100,000 LEO = $11,000).
$2M per year is scratching the surface btw. This is without perps and derivatives
LeoDex I agree is 110% focus.
back when Lightning was getting started I did a lot with it.
I have always believed being Visa for crypto (transaction fees) is the best way to position yourself.
Super happy and excited that was the direction the team went.
When you get a shopify plugin working I will be using it 100%
That's a good strategy. I intend hodling LEO for a long time and use the USDC either to buy more LEO or to get $TCY. Indeed, LEO can be worth more than $100