Since the beginning of February, I have been publishing my articles in the Leo Finance tribe. This situation helped me to get to know the Leo ecosystem better. Thus, I understood why my favorite bloggers @taskmaster4450 and @edicted write in the Leo Finance tribe. As I learned more about Leo, I gradually increased my Leo investments.
I love to experiment with micro-investments in the crypto space. I have invested at least 100 different coins or tokens last year alone. Thus, I have the chance to combine my personal experiences with the suggestions of people who are more experienced in the crypto space. Over time, the following criteria have formed in my mind about investing in crypto.
There should be people with superior leadership qualities working to add value to the coin/token.
The infrastructure supporting the token must be constantly improving.
Inflation of the token should be at a reasonable level.
There should be plenty of liquidity to be traded.
The token should not be overpriced.
The token should preferably generate passive income.
Since it meets all these criteria, I have invested in Leo recently. During my research, I realized that I can use Leo in 6 different ways to create passive income.
There is such a great activity in Hive that sometimes we cannot even see what is in front of our eyes. Even though I spent most of my time in Hive, I just learned some of the methods that I will talk about shortly.
1. Delegating Leo Power
I currently have 15.8k Leo power. One vote is worth 1,285 Leos. So I can create 12.85 Leo per day. If I get half of it as a curation reward, I get 6.42 Leo per day. That's 2343 Leos a year. So in this way, I can earn a 14.7% annual Leo return. However, it takes a lot of effort. Fortunately, we can delegate Leo Power.
We delegate Leo Power using our wallet in the Leofinance or Leodex app. @loe-curator, a @oneup-cartel curation account, regularly pay out those who delegate Leo Power. The payback rate is 95% of curation revenue. Moreover, they are good at using the Leo Power in an optimum way.
There are also alternatives such as @meowcurator, which I have experienced and been satisfied with before.
2. Investing In WLEO-ETH Liquidity Pool In Uniswap v2
A wrapped version of Leo was created on the Ethereum network in 2020. Currently, it is possible to earn income by investing in the ETH-WLEO liquidity pool on the Uniswap application. However, due to the high transaction fees of the Ethereum network, it will not be an option I would recommend. This option may become more attractive if the Ethereum 2.0 conversion is completed and Ethereum network fees drop to reasonable levels. We are currently able to convert our Leo tokens on the Hive network to Wleo using the link https://wleo.io/. Even if it is impractical to use, the liquidity pool of 727 k USD on Uniswap V2 helps Leo's price stability.
3. Investing In BNB:BLEO Liquidity Pool in Cubdefi
The Ethereum version of Leo is called WLEO, and the version on Binance Smart Chain is called BLEO. When the Polycub application, which will operate on the Polygon network, is launched, a PLEO version will probably be added to them.
The BLEO-BNB liquidity pool on https://cubdefi.com/farms still provides 55% annual passive income. Moreover, the Cub tokens earned by the liquidity pool will soon bring Polycub tokens to their owners via airdrop. I don't know for sure Leo's inflation, but I guess it's around 30%. One of my favorite cons, BNB, has zero percent inflation. Therefore, a return of 55% sounds very attractive to me.
For investment, we buy BNB from an exchange and send it to our DEFI wallet. We sell half of the BNBs on Pancakeswap and convert them to BLEO. Again, we add our coins to the BNB:BLEO liquidity pool on Pancakeswap. Then we stake at https://cubdefi.com/farms. It is also possible to transfer our Leo tokens on Hive to the BSC network using the https://wleo.io/bsc bridge.
4. Investing In The Liquidity Pools In BeeSwap
We can also make liquidity pool investments on the Hive network with Leo.
When we search for Leo on the https://beeswap.dcity.io/swap?pools page, we see SWAP.HIVE:LEO, CENT:LEO, ONEUP:LEO options. The return of the pools is 18%, 58%, and 227%, respectively. If you don't know Cent and Oneup tribes, I suggest you do your research. Tokens belonging to both tribes have performed well to date.
To invest in BeeSwap liquidity pools, we first convert our Hive coins to SWAP:HIVE via https://beeswap.dcity.io/convert. Then we buy the relevant coin pair separately on https://beeswap.dcity.io/swap and add them to the liquidity pool. Rewards are automatically coming to our account daily.
5. Leo Power Lease
One way to generate income from Leo Power is to rent it out. This process is done via https://leofi.io/lease. It is possible to get an annual return of 10% to 12% in Leo by leasing Leo Power on Leofi.
6. Leobacked Investments - LBI Token
The options I described above may seem complicated to those new to the crypto world. You can benefit from the investment opportunities created in the Leo ecosystem by purchasing LBI tokens on https://leodex.io/market/LBI. @lbi-token delivers the passive income Leo provides through various platforms practically. You can find detailed information about the @spinwest project, LBI, at this post.
Conclusion
Although there are dozens of tokens in the Hive ecosystem, Leo has unique features. I think it hasn't reached the price level it deserves yet. That's why I recently invested in Leo and I wanted to share with you what I learned about it.
I am not an investment advisor. It would be wise to make your investments in line with your own research.
Thank you for reading.
