Putting LBI to Work

Leofinance always stirred interest on Hive (and even before), from its beginnings. A very dynamic front end, community, and owner, that since has grown and built and sometimes failed forward inside and outside Hive.

At some point, SPInvest through its operator @silverstackeruk created a project around Leofinance and its token LEO called LEO Backed Investments (LBI). I don't remember exactly when LBI was created. but it may as LEO was pumping really hard toward its 1$ ATH when at least a few LEO holders made plans to retire from their stake.

Price-wise, those times may or may not return again, but Inleo and LeoDex have seen major developments that only briefly received some recognition from the market, so maybe we'll see something interesting at the end of the bull market.

As a project that is backed by LEO, LBI's success is highly linked to the success of LEO.

Recently, the management of LBI changed to @jk6276 who is highly active in setting up his initial strategy for LBI, which transition toward an income project from a growth project. You can read all the announcements on the project's account, @lbi-token.

Now, LBI wasn't doing very well before JK took over, so we'll see what he can do with new ideas and refreshed enthusiasm. Sometimes, that's all it takes....

For anyone who still holds LBI, myself included, let's hope for the best.

Now, he also created a diesel pool for LBI, paired with LEO, logically. Since my LBI is currently doing nothing in my wallet, I thought it was time to put it to work. Slowly, because I don't have the matching LEO yet, without removing from other pools, which I don't want to do.

Looks like I have my destination set for my liquid LEO rewards for a while. At least until I'll need them for LPUD. The rewards in the pool are low for the time being, paid as liquid LEO, but it's something extra paid on top of the dividends (when they'll start being paid). The risk is IL, but since LBI is LEO-backed we shouldn't have much IL.