Holla! everyone, brace yourselves for a thrilling new development in the world of blockchain-based social media platforms! LeoFinance, a premier platform for crypto and finance content, has recently revamped its tokenomics model, making LEO token staking more rewarding than ever before!
With this game-changing upgrade, LEO holders are set to enjoy increased value and utility, along with phenomenal incentives. Are you eager to dive into the details of these fantastic new features and learn how to stake LEO for maximum rewards? Then look no further – we've got you covered!
New Features and Benefits of the Upgraded Tokenomics Model
The revamped tokenomics model of LeoFinance introduces a slew of exciting new features and benefits for LEO holders, including:
- BNB Dividends: LEO stakers can now enjoy a share of the BNB dividends generated by Cub Finance – a DeFi platform on Binance Smart Chain (BSC) that's part of the LeoFinance ecosystem.
Cub Finance collects fees from a variety of sources, like swaps, farms, dens, and kingdoms, which are used to buy back and burn CUB tokens (Cub Finance's native token) and distribute BNB dividends to LEO stakers.
- Wrapped LEO (WLEO): LEO holders can now wrap their LEO tokens into WLEO tokens – ERC20 tokens (Ethereum-based) that represent LEO on other blockchains. WLEO enables LEO holders to access DeFi platforms and opportunities on Ethereum, BSC, and Polygon, such as Uniswap, PancakeSwap, Sushiswap, Quickswap, and more. This increases LEO's liquidity and exposure to other crypto communities.
3.LeoBridge: LEO holders can take advantage of LeoBridge, a cross-chain bridge allowing users to swap ERC20 tokens for BEP20 tokens and vice versa, without intermediaries or fees.
LeoBridge employs WLEO as a medium of exchange between the two chains, creating more demand and value for LEO.
- Governance: LEO holders now have the power to vote on proposals and decisions related to LeoFinance and its applications, such as Cub Finance, PolyCUB, LeoFi, and more.
Governance enables LEO holders to influence the direction and development of LeoFinance while aligning their interests with the platform.
How to Stake LEO and Earn More Rewards
Staking LEO is one of the most lucrative ways to earn passive income on LeoFinance, offering multiple rewards and benefits for LEO holders. To stake LEO, follow these simple steps:
- Connect your wallet: You'll need a Hive-compatible wallet like MetaMask or Keychain to interact with LeoFinance. Ensure you have some HIVE tokens in your wallet to cover gas fees.
2.Buy or earn LEO tokens: Purchase LEO tokens on LeoDex – a decentralized exchange for trading Hive-based tokens with low fees and high liquidity.
Alternatively, you can earn LEO tokens by creating or curating content on LeoFinance.io or participating in various contests and initiatives on the platform.
- Stake your LEO tokens: Stake your LEO tokens on Leofinance.io by clicking the "Stake" button next to your wallet balance.
You can also unstake your LEO tokens at any time by clicking the "Unstake" button. Staking or unstaking LEO tokens takes 4 days to process.
- Claim your rewards: Claim your rewards anytime on Leofinance.io by clicking the "Claim Rewards" button next to your wallet balance.
Your rewards consist of three parts: LEO rewards for creating or curating content on LeoFinance.io; BNB dividends for staking LEO; and curation rewards for voting on other users' content on LeoFinance.io.
- Enjoy your passive income: Keep staking LEO and earning rewards for as long as you want. You can also compound your rewards by reinvesting them into more LEO or WLEO.
Additionally, you can use your rewards to access other DeFi platforms and opportunities on Ethereum, BSC, or Polygon via WLEO or LeoBridge.
Conclusion
The enhanced value and utility of LEO, along with the incentives for staking and holding LEO, make it a must-have for crypto enthusiasts.
LEO holders can now earn BNB dividends, wrap their LEO into WLEO, use LeoBridge, and vote on governance proposals. Staking LEO is the perfect way to earn passive income on LeoFinance, as it offers a variety of rewards and benefits for LEO holders.
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Don't forget to leave your comments below – we'd love to hear your thoughts and opinions on LeoFinance and its tokenomics model. Thank you for reading!
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