For those who are not aware, @leomarkettalk is a community initiative that was started right when the idea of #ProjectBlank came into being (August 2020). Here we are almost two years later and we are still waiting on that application.
In the meantime, the idea behind Leomarkettalk was to have a place whereby people can drop links, short form content, charts, and tweets. It is a great information source. Many are making come good connections and there are some contacts.
Each day a post goes up. Like any post, it is eligible for rewards. For this reason, we are going to support the community.
What is the highest priority community initiative now? That would be the pHDB-USDC liquidity pool.
For that reason, this is where the Leomarkettalk account will focus its attention.
Contributing HBD
In addition to the liquid HBD, we have this:
Between the liquid HBD and what is being freed up, we have over 2000. This is going to be moved, when the withdrawal is complete.
Thus we will have a position of roughly 1,000 HBD and 1,000 USDC to start.
Powering Down Hive
Leomarkettalk has about 1,800 HP that is unaccounted for. Throughout the rest of this year, it will be powered down and kept in a liquid state. We will keep this ready for a pump.
Once that happens, we will unload the HIVE for HBD using the Internal Exchange. This will give a little liquidity there while eating up some of the HBD.
This will also be directed in the pHBD-USDC pool
Ongoing HIVE and HBD
Any rewards that come in from the upvotes on the post will follow the same pattern as described above. We will not put any of the HBD into savings but, rather, move it all over to Polycub and add to the LP.
The idea is to keep growing the stake on there.
POLYCUB Payouts
Having a position in the liquidity pool will obviously entitle us to rewards. On Polycub this is in the native POLYCUB token. Therefore, we will be amassing that on a consistent basis.
We will be taking those proceeds, after the claim window has passed, converting them to pHBD-USDC and adding to the pool All our resources in this area are going to keep piling in.
Permanent Liquidity
This is a one-way street. One of the aspects to the Protocol that is powerful is the fact that bonding is going to allow for partial ownership of the LP. This means that the Protocol's liquidity will always remain in the pool.
Leomarkettalk's holdings will do the same. We will not remove them expect, perhaps, to bond for a nice profit and return right back into the pool. Even if that is not done, one the money goes in, it does not come out.
Permanent liquidity is important. We hope to help the entire project out by maintaining ours in the same way.
How You Can Help
Be sure to stop by @leomarkettalk on a daily basis and join us in the room. We have some terrific conversations. By the way, it is a great way to engage with comments, something that is important if you want to take 100 LEO from Khal.
Upvoting of the Leomarkettalk posts are appreciated. As stated, the HIVE and HBD proceeds will all end up in the LP, to help that become the deepest pool of HBD anywhere.
LEO
There is one other decision to make. We have over 1,000 LEO liquid in the account. This is in addition to the LP that is delegated out. The question is what to do with this LEO (and any forthcoming)?
Do we power it up and run some type of contest to delegate it out? Or do we sell it and put that in the the liquidity pool also?
Let me know in the comment section what you think.
That is all for now. We look to support the different facets of Leofinance. The addition of the new liquidity pool is going to bring value to both Hive and Polycub. For this reason, Leomarkettalk will do what it can to help.
If you found this article informative, please give an upvote and rehive.
gif by @doze
logo by @st8z
Posted Using LeoFinance Beta
