Reaching My LEO Goals Faster + Capital Efficiency Through DEC Staking

in r2cornell •  10 months ago 

I have already written about how I am making 22% APR on HIVE Power and it has been great to see my $LEO account reaching my 15,000 LP goal faster. These earnings happen on top of the 2.96% APR I earn for having $HIVE staked. It is difficult to predict the price performance of LEO and HIVE and I find it easier to have a long term investment in both. What I can predict for sure is that I am going to have a harder time joining LEO Power Up Day.

I Have Sacrificed My Liquidity

I used to be able to spend the liquid $LEO when I wanted to make some purchases (often going towards @splinterlands). Even more importantly, I could gather enough LEO for LPUD without any hassle. In fact, the one of the primary reasons that got me interested in delegating to @leo.voter was to earn enough LEO to participate in LPUD on the 15th of every month. This month, I had to buy ~148 LEO on 15th:

I expect this to be a trend going forward. I often find a use for liquid cryptocurrency soon. These days it has been a slow everyday investment into Praetoria. It is not productive to keep liquid Tokens around doing nothing. At the same time it is risky to have everything locked up when a great buying opportunity present itself.

Have Your Cake and Eat It With DEC

Staking DEC is needed to power the production of Grain, Research Points and SPS in Praetoria. Depending on how optimized your Land 1.5 setup is, DEC could be producing a good APR (combined with the staked Cards). The best part is that unstaking is instant! If I need to buy some LEO for LPUD, I only have a minor inconvenience to go through. It is a small cost in the name of capital efficiently.

DEC price itself has been more or less stable and close to the soft peg of $0.001 and act as an okay place to take profits into when I expect a correction. My current plan is to sell liquid LEO rewards to purchase DEC and later buy 150 LEO for LPUD.

In 2025 I Will Be Ineligible for LPUD Prizes

35.5387×365 is 12971.6255 and I already have 8,847.97 LP in my account. Following are the criteria for eligibility:

  • Your total Leo Power (on the 15th) must be less than 25k.
  • You must power up at least 50 Leo on December 15.
  • You must not have powered down Leo since September 15.
  • Make a post on InLeo about LPUD, why are you joining, what do you think about the initiative, the community or anything related to InLeo (A Thread is not enough).

@leogrowth account will have you covered about further details on various initiatives to promote LEO. I expect the bull market top to happen in 2025. I may find a reason to embrace stablecoins more and loose the extra 9% on the APR I get for delegating HP. On the other hand, it could mean that I will be able to join more LPUD events.

Thank You @onealfa

The biggest LEO whale did a lot to encourage LPUD and promote LEO in general. He has been a good gentleman supporting many users while continue to write about technology, security, self custody etc. I was one of winners of Super Bad Luck Prize and I am sure the others were happy about their wins as I was happy about mine. SBL was a big part of LPUD for 18 months. I would like to offer a thank you for @onealfa for his valuable contributions to the community.

Happy Investing!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE BLURT!
Sort Order:  
  ·  10 months ago  ·  


** Your post has been upvoted (3.25 %) **