It's LEO Power Up Day !

Yes, it's LPUD day again !

Image created by AI in NightCafe Studio

I've done my "duty" and powered up 150 LEO. It gives me a nice warm feeling, and means I've got an unbroken streak from January 2023 until now of powering up LEO on the 15th of every month.

My total stash of LEO tokens is now just short of 6000, although many of them are delegated to earn more passive LEO income.

LEO Vote Values

Something I wish the devs would add to their list (which must be very long, but seems to be being delivered at an impressive rate) is to show somewhere in the dashboard the Leo Vote Value.

That way we'd be able to look at how many LEO we need to have staked but not delegated per cent of vote value. From there, it would be possible to calculate the point where it's worth un-delegating and curating within the Leo front end.

There must be a point where efficient curation would deliver more rewards than delegated LEO, and has the important advantages of creating an incentive to use the Leo front end more and of showing clear support for fellow active lions.

Do we need an LBD ?

I know, I know, I keep going on about the price of LEO !

It's one of the great disappointments that the price of LEO keeps sliding downwards. Right now, the amount of fiat I've turned into HIVE, then SWAP.HIVE, then LEO is significantly more than the total value of LEO I hold, even allowing for tokens earned within the ecosystem rather than just bought.

I certainly don't think the price is the fault of Leo developers - the pace of development on the platform is truly impressive ! Partly it's just that Leo is a very small player right now in the overall crypto space, and we really need mass adoption to bring capital in, create demand and push the price up.

But mostly, I'm becoming convinced that crypto prices, and especially altcoin ones, are just a fiction and have absolutely no link to the utility and effort put into a project.

People keep telling me that it's just that it's going to take time for the bull run on BTC to convert into an altcoin bull season. That's fair enough. I hope it happens !

But a key issue if there is bullish movement is that at some point, there's a need to lock the profits in. That way, when the cycle inevitably reverses for a bit all the gains aren't lost. Right now, that would mean un-staking LEO and turning it into HBD or some other stablecoin.

So perhaps what is needed is a Leo equivalent of HBD - a Leo Backed Dollar, if you like. Although I'd rather it was pegged to something other than US dollars, maybe even to gold instead. I have no idea what the tokenomics would look like, how the peg would be maintained etc - it needs sharper brains than mine to work all that kind of stuff out !

The important thing I can see is that it should follow the HIVE/HBD model of making trades between LEO and LBD easy, simple, low/no cost and relatively fast. Making it the "easy option" would keep capital within the ecosystem rather than draining it out when people want to lock in gains.

It might even be possible to set up a DLF similar to the DHF so that development and marketing could be funded internally in a structured way rather than pulling resources from Hive.

So is this a crazy idea, or just an unnecessary complication ?

Posted Using InLeo Alpha