During the last two editions of Leo Power Up Day (LPUD), I found myself in a position that nobody likes - that of coming up short of achieving my set goals. I must say, though, that every journey, regardless of its immediate outcome, has its own measure of value. So, let's dive into the details of my LPUD journey leading to this August LPUD.
LPUD is an initiative aimed at encouraging users to be proactive liquidity providers by powering up a certain amount of Leo tokens every 15th of the month. A strategy that has been successful in boosting the LeoFinance community and amplifying the value of the native token, LEO. The challenge is simply about individual users setting a personal goal of adding more Leo tokens to their power in the form of staking, making a public commitment, and receiving rewards for the successful implementation of their goals.
In May, when I started my LPUD journey, emboldened by the testimonies and excitements surrounding the LPUD event, I set a target of reaching 2k Leo power in 4 months, which is a breakdown of 500 Leo in a month. I was determined to accumulate more LEO tokens to power up as the time goes by. Eagerly looking forward to LPUD day, I was armed with the strategy to achieve my goal.
However, at the end of the day, I was only able to do that once. I left disheartened to see myself falling short, missing my goal by quite a margin. It was the second time in a row that I hadn't been able to meet my set target, a reality check that was considerably hard to digest. On the first time, which was July, I was only able to power up 256 Leo, but in August, I went down very low to only 69 Leo for my LPUD.
The question that arises now is, "Why did I fail?" If we boil it down, the reasons can be traced back to my miscalculations and overly ambitious expectations of the market. I overestimated the earning capabilities of my other investments and counted on their returns to invest in LEO tokens. At the end of the day, it was the Leo tokens I earned for the month that was sacrificed to support other investments. Additionally, I set an unrealistically high standard for the number of LEO tokens I planned to power up on LPUD.
Does this mean my LPUD journey has been a total failure? Absolutely not. Despite the missed target, there was a silver lining. It offered me critical insights into managing expectations and setting realistic investment goals. Such learning is incredibly valuable in navigating the unpredictable realm of crypto investments. It also gave me a chance to network with other members of the LeoFinance community, boosting my social engagement on the platform.
Furthermore, it taught me that it's okay not to meet our set objectives sometimes. The most important part is to learn from our shortcomings, chart out an action plan, and keep going. In other words, never let failure discourage us from trying again.
As I look forward for the next LPUD, I already have some lessons to carry forward. One, I will be more realistic about estimating the output of my other investments. Two, I will set a more realistic target of LEO tokens to avoid disappointment. And lastly, I’ll try to enjoy the process, regardless of the outcome.
Being anxious can leads to desperation which in turn could lead to more errors. I will try as much as possible to relax and enjoy the process, while intensifying my engagement and commitment in the community. If however, my other investments fall through, I will always see to it that I buy some Leo for LPUD.
In my journey with LeoFinance and its LPUD initiative so far, I learned that missing the goal isn't the end of the world. Instead, it can be a stepping stone towards better performance in future endeavors. As we grow with this innovative platform, I encourage all LeoFinance enthusiasts to embrace the same mindset. Let's keep trying, learn from our experiences, and continue to contribute to the LeoFinance platform in whatever capacity we can.