Why I'm Not Providing the Liquidity For Now

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Although there's a great opportunity for us to wrap our LEOs and put them in the liquidity pool, I'm missing it for now. Not that I'm scared that something unexpected may happen, I just don't have enough liquidity to provide. In other words, I'm a poor lion that still needs to fight its way up.

I'm going there. Slowly but consistently.

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Working every day to get into this kind of pool but until then I have to tell you why I haven't joined the pool yet.

Fees. Those Damn Fees!

ETH fees - it's the number one reason why I'm not participating in the liquidity providing. I'll probably lose more by paying fees than I'll manage to make with a small liquidity amount. For me, it's better to keep creating content until I have enough LEO to wrap.

What is Enough?

I think you should provide at least 5000 LEO for it to make any real profit. I may be wrong but playing with small amounts can only lead you to frustration when you're losing crypto for all the transactions. Until I have at least 5000 spare LEO and 2 ETH, I won't go into this adventure. I'll keep powering up my earnings and hopefully reach a point where my vote is worth at least 1 LEO.

Providing Happily Ever After.

To those who have joined the WLeo pool - congrats! You are real players and I'm honored to share this platform with you! I know that if we work together, we'll reach new heights for both LEO and HIVE! Collaboration is the key to success as many have said before me.

Thank you for reading and have a wonderful weekend ahead!

Read about more ways to earn:
Torum - being an early adopter
Collaboration is the key
My Blurt Experience

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Photo by Jie on Unsplash

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19 comments
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You can find ETH fees during the day at an acceptable level.
Right now for instance
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Yeah, you are right... ETH fees suck... That's why I went with almost 9K wLEO into it... As lower than 5-6K will have no sense...

Hope that I will see you soon in the pool :)

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@bagofincome, In my opinion it's important to take bold steps but definitely no matter what decision we are taking we should calculate from all directions to choose a path which is effective and balanced in nature. Good wishes from my side and stay blessed.

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On same boat with you. For me it all other transactions, wallet address, transaction fees become too cumbersome also.

When it is substantial, I will like to take challenge, otherwise keep continuing doing that you can do best.

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Keep doing what you do, be consistent and you'll move forward each day!

Thanks for the comment!

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Yeah, same here! I was in last time with just a little but am sitting it out this time coz I don't feel I have enough. Vote values have already gone up +10% or more.

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