The day many have been waiting for is finally here, we got some details on the LEO Airdrop(s).
The airdrops have been known for a long time but the details were not known.
It wasn't known exactly what was going to be airdropped, the ratio of the airdrop, and when it was going to happen.
Well, we got some details on that today.
(Source: @leofinance/new-leofi-products-snapshot-announcement-cub-tokens-and-bep20-leo)
It looks like there will be several tokens airdropped though I am not sure exactly what they will do.
Also, and this is news to me, it looks like the airdrop will only happen on powered up LEO or wLEO in the liquidity pool.
Though not on any wLEO contributed within the last week.
*Note: LEO must be staked when the snapshot occurs. WLEO must have been LPd at least 1 week prior to the snapshot (this date has already passed, so you can't add liquidity and remove it 36 hours from now and get the airdrop for being an LP).
I've read through the announcement post (which can be seen above) several times and I'm still not exactly sure what to expect from this.
It looks like you want to have your LEO powered up to receive the airdrop, but later they mention needing some liquid to participate in the launch of the tokens on the Binance Smart Chain.
Staking LEO (or LPing in WLEO-ETH) will mean that you participate in the snapshot tomorrow.
With that said, bLEO and CUB are about to launch and having liquid tokens available is going to be important for participating in the launch of those tokens on Binance Smart Chain.
Knowing some of the details behind the hybrid claimdrop and what the new launch will entail, hopefully you'll have some sort of sense of what to do here for your personal preference. Some people may want to participate more heavily in the DeFi product we launch later this week and the future contracts we add to that application and others may want to just stake their LEOs and keep on curating.
A healthy mix of both is typically where I end up, but this is going to rely more so on personal preference than anything else. Some people have already realized that staking all their liquid LEO and buying up the liquidity remaining on the LeoDex and on Uniswap is a good strategy.
When bLEO launches alongside our new collection of smart contracts, we expect a mad dash for liquidity on BSC.
(Source: @leofinance/new-leofi-products-snapshot-announcement-cub-tokens-and-bep20-leo)
After reading through all of that I am not sure I understand it much better than when I first read it.
I think I will just power up the rest of the liquid I have LEO and let the dust settle before I decide what direction to go.
For those of you who understand all of this a little better, what are you planning on doing with your LEO?
Date of Snapshot to receive Airdrop:
The CUB snapshot will occur at 9 AM CST on March 3rd, 2021
Checking on the LEO price today on HIVE-Engine it looks like there has been a bit of a dash to accumulate more LEO prior to the snapshot with the price now trading up over $.80 again.