RE: LeoThread 2025-08-21 12:23
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With sLEO Rewards beginning on September 23rd, LeoStrategy will now begin a power down on our heLEO. This heLEO will be moved to Arbitrum and staked permanently as sLEO
Our LEO can be 100% transparently tracked in our wallet. Any movement of LEO must be approved by board members (including @khaleelkazi who is now chairman of the board).
LeoStrategy can never and will never sell our LEO.
We know power downs can cause people to panic, so we wanted to proactively put this message out there. We will begin the power down later today and prepare to move our entire stake to the sLEO contract on Arbitrum
- You can track our heLEO holdings on @leostrategy
- You can track our LEO (Arbitrum) holdings in our Vultisig treasury multi-sig treasury address: 0x806ed68B66975478EddAAA33059336c96D19B5bc
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I have H-Leo, will all of these be my stake
s?
Great news! I was just wondering about sLEO... You're wating until Sep 23rd. Does that mean we should wait for our personal LEO to stake, or is it something that is already good to go on Arbitrum?
You can send $LEO over and stake now, but there is no rewards for it until september
ok got you, thanks!
Does this mean that 100,000 LEO will be burned in the bridge?
I bet they lower the fees soon khal said they would.
I understood LeoStrategy gets a discount but ordinary users might still burn significant amount (probably less than 10 % though) !vote
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something like that!
love the use of vultisig
Amazing informative news and I am excited to see how the $LEO economy will split between LeoDex and InLeo. Great times ahead!
Can we have some chat around the bridge fees?
Is it going to be 10% for you?
Is it going to be lowered as we approach?
Is this huge fee a pro or a con and why?
We don't have any info regarding bridge fees
However from a idealogical standpoint, high bridge fees when LEO is volatile is a great thing. Consider how much arbitrage bots are profiting from the LEO Economy and extracting value. With a high bridge fee (introduced in LEO 2.0), LEO is able to capture ~10% of those arbitrage revenues back to the LEO economy and burn it
When our cross-chain market maker goes live, the bridge oracles will whitelist our market maker address. This will give us a moat around market making the bridges and should allow the bridge fees to lower dramatically
Rather than value extractors profiting from the bridges and putting that money in their pocket, LeoStrategy will profit from arbitraging the bridges and use those inflows to purchase LEO and add it to our permanent balance sheet - creating positive buybacks on a daily basis + bolstering the LeoStrategy balance sheet to incite further expansion
Yeah, I get it.
But as someone who isn't arbing and just wants to get my stack off Hive, it is painful to just have 10% wiped.
The bridge fees are Leo, not Leostrategy.
That $LEO is burned.
Yeah, I get that too.
But I thought I'd ask here as LeoStrategy is someone who is transferring a huge amount at once.
Am I the only selfish one that doesn't want to instantly lose 10%? 🫣