Staking LEO on Arbitrum is going to start soon, but the rewards won’t be paid until (around) September 26, or so…. I anticipate an abnormally high APR at first, but it’ll most likely level off, as more and more user stake.

My plan is to be early. It would be better for me if not many people stake, but I’d like to encourage as many people as possible to stake their Leo!

Specifically, I’d like to start out with 100k.

Let’s run some numbers…

Hive account@khaleelkazi estimates there will be about 15,000,000 staked LEO, when all is said and done.

If that turns out to be true, I’d have .67% of the total stake

Assuming LeoDex earns $10,000 per month in fees, I will be earning around $67 in USDC!

I think this is very conservative. I think it will take a very long time to reach 15 million staked. I believe that most people will leave their tokens on Hive-Engine, and continue to earn on InLeo, where it is familiar. I will do both!

Bring On Staking on Arbitrum!