LEO Stakes Up by 10% on LPUD & Why I 'm So Keen on Growing My Leo Power

Taking the steps toward our set goals can sometimes be a challenge but when we are really committed, we do whatever we can to seeing them through.

One of my main objectives for the year is to grow my Leo Power to 15k. And the first LPUD has allowed me to raise my stakes by 810LEO (combined) which represents a decent growth of 10.7% so yay! If I'd be able to keep that rate throughout the year, the Lion goal would certainly be reached sooner than later. We shall see but the important thing is to keep forging ahead.

Here's this alt's power up for the day:

Why am I so keen on growing my Leo Power?

1. I consider it as a long-term savings with benefits. Locking up my LEO in the form of Leo Power allows me to keep my LEO safe (from getting sold) while earning through curation rewards.

2. I see it as a source of passive income in the long run. There are various ways to use Leo Power to earn passively. One of which is delegating them to active curators and earn delegation rewards. Another would be leasing it out through LeoFi and earning liquid LEO as lease payment. Third would be getting a slice of the Leo Ads Revenue when the smart contract will start buying $LEO from the market and then distributing them as Leo Power to stakeholders (although this is yet to be done).

   I want to build to a certain level which can provide significant passive earnings in the future. Inspired by the LEO whales who keep building their stacks day by day.

3. I want to be able to do or perform roles as indicated on the Lion Pride Ranks. There are certain privileges when we reach certain ranks based on our Leo Power, re:

   • Newborn Cub (2k Leo Power)
     

   • Cub (5k Leo Power)
     

   • Lion (15k Leo Power)
     

   • Leader of the Pack (50k Leo Power)
     

   • And then the Apex Lion with over 150k Leo Power.

4. I believe in Leo Finance and its community. With continuing developments and with its vision to democratize finance, I somehow trust it will deliver, if not soon, sometime in the future. In addition, the community is strong with the most diamond paws as evidenced by more than 70% LEO already staked and growing on every LPUD.

So yes, I intend to keep growing along with the community while continuing with my activities on the blockchain.

Have you participated on the LPUD yet? If not, check the mechanics on this post by Hive account@leogrowth and start building too. You don't have to do it big. Just start and keep right at it.

All the best and here's to the first LPUD of the year!

Screencaptures from within LeoFinance. Lead image created on Canva. 15012023/14:10ph