The lion roared and protected his pack... We are made whole
I woke up today to see the post by about the refund of the Liquidity pool users.
@leofinance/wrapped-leo-white-paper-investigative-report-lp-refunds-and-wleo-relaunch
I personally went into the pool with
- 5841 LEO
- 2.64911 ETH
This was a total of 1822.73 USD. I will venture to say that for any regular non-millionaire Joe this is a decent amount of money. So to have it gone was really a hit in my portfolio. To see this money come back and to be made whole is really an amazing gesture from the team.
I knew that dabbling in this stuff is risky and that there is always a chance that you lose your money. But until that happens it is all theory and the reality is something totally different.
So that gives me
- 2.1987 ETH
- 6658.74 LEO
2.1987 412 + 6658.74 x 0.17 = 905.86 + 1131.98 = 2037.84 USD
So they have not only made me whole, I have even gotten some gains along the way...
I guess I will keep the 6k LEO liquid for the next round of Liquidity which is coming up soon. I like the transparency that has been provided by in this whole affair and this has also strengthened my resolution to support this project in the long term.
Things to be excited about:
- fair and interactive community
- Being made whole out of the DEV pockets (leo that was budgeted for other things)
- LeoInfra and Metamask sign ups
- Almost no dilution of the tokens (5%ish) due to the hack and a stronger community on the other hand.
The coolest thing to see was that people got their LEO and there is no dump going on, just the inverse, the price seems to be going up.