So there has been quite a bit of action around the LEO Finance traps over the past 24 hours or so. Unauthorised minting of wLEO tokens hit the market hard and depleted the uniswap market. Token holders, without knowing what was really happening, then unwrapped their tokens and dumped them hard on Hive-Engine. I am not sure whether it was the time-zone difference or not, but I just happen to notice the dump of $LEO and liquidated some other crypto ready to pounce. I got some at 0.8 HIVE/LEO and 0.6 HIVE/LEO. The price has since risen as this community has rallied. I could just dump them and make a tidy profit, but I believe in this community and have known some of these people for a while now. So power up those tokens I got on the cheap is what I have done to continue to build this token and community.
I am looking forward to seeing the next steps and know that this team has the best interests of the community at heart. They have been upfront and open at every turn with the lastest post here: wLEO Was Hacked on Ethereum | Thank You Everyone for the Amazing Support
They also hosted a roundtable. Post is here: LEO Roundtable: WLEO Hack Aftermath and Rebuilding
If @Brofund swept up cheap $LEO to stake, then it must be the right decision to make. I do feel somewhat sorry for those token holders who FOMO'd and dumped. Perhaps they bought we the token was much lower and didn't make a loss?
There have also been some questions about $DEC and the Uniswap market for $DEC and whether this could happen to that token too. The Splinterlands team posted this reassurance regarding these questions:
If you never fail, you never learn and improve.
Looking forward to the next steps from the LeoFinance team and community.
Thanks for reading!
Posted Using LeoFinance Beta