It's that time again and we're talking all things LEO, Cub, PolyCub and more on the WenSoon Show.
What about Cub?
So we led the show talking about CUB and the PolyCub features that will be implemented on cubdefi. The V2 Vaults are on the board which will create the buy and burn scenario for cub. On the flipside, protocol owned liquidity is currently not planned for Cub.
Buy back and burn does have its definitive purposes as it permanently removes supply from the equation as opposed to a protocol that purchases and redistributes.
And we discussed how each of these impact whether it makes sense to cut inflation rates. For the buy back and burn model, cutting inflation may not really be a net positive, for instance.
Cash Flow Life
This has become a term in crypto, especially in the curve community. That is a motto I try to live in life generally, but if I can do some from just crypto let's have it.
Essentially, this is the environment is the leofinance team is looking to build between all of the platforms.
Neal also pitched an interesting idea where we have cross platform buying to keep all the different defi coins in the same value range. So instead of an imbalance in POL going to purchase that specific platforms coin, it goes and purchases one of the sister coins.
Also, I make no promises I correctly recapped Neal's idea. I may have butchered it.
Collateralization and more....
Collateralization is in the works still, not idea on the Khalendar but exciting nonetheless.
Also, there was chat about an option to lock xPoly for two years that gives the holder additional governance power.
LeoFinance Community Pages
"Hold up, Heeeeeeey" there needed to be a lightning update, so communities have been rolled back to the Alpha page and pulled from production. There is tons of beta testing going on and if you want to use the alpha page to be a "tester" use this leofinace link: https://alpha.leofinance.io/thorchain
More about it in this post: @leofinance/leofinance-community-pages-or-become-an-alpha-tester
Rumor has it we are a few days away from redeploying to production as the current bug list gets widdled down.
Spread the LEO word!
The area I live in is a very crypto active area, so there is one or two crypto related meetup or gathering each week.
Not only are these opportunities to get AFK and socialize IRL, but it is a great chance to spread the word of LeoFinance and introduce people to the coolest finance related Web3 platform.
So my call to action for all the leo lions is to get out there and be social. If you are in the U.S. you can find local meetups using meetup.com.
LeoGrowth Update
The account is desired for exactly what the name says. The most recent initiative is LEO Power Up day. This is the first month of it and there are three winners each month.
Each winner gets a 20K delegation for three weeks.
All the info is in this post: @leogrowth/leo-power-up-day-is-now-a-thing-join-and-win-a-dolphin-size-delegation
Elsewhere, there is an ambassador program coming where people are focused on brining people into leo and spreading the word. The focus will be on bringing in other communities to build up the community pages.
Delegations to ambassadors I believe is what was mentioned, but you can find all the details here: @leogrowth/leo-finance-ambassador-program-are-you-ready
And other remind stuff...
At this point we stumbled into general economic chatter.
The Fed's balance sheet really hasn't shrunk despite all the chatter that this is what they are doing. Thus far it really hasn't been a factor, though the initiative is still out there.
With this said, total liquidity isn't being reduced which means prices of things cannot go down, which Neal alluded to in his chatter about this.
He dropped this chart showing liquidity isn't growing but it also isn't going down...
Inflation, inflation, inflation....oh my. We chatted about inflation and the impact and factors of it.
Stagflation is when the economy is stagnate and inflation is high, which is different than inflation where you have both.
Also, we touched on debt and the point where revenue doesn't cover debt payments everything is F'd. The U.S. is not there yet and honestly has some ways to go before getting there, but it doesn't mean the debt situation is pretty.