Threadcast link:
https://inleo.io/threads/view/khaleelkazi/re-leothreads-gwtarrmu
Link to recording:
https://x.com/khalkaz/status/1876677652431679566
Speakers
DISCLAIMER: The following has been generated by AI (Claude-3.5) based on the publicly available recording of the livestream. Because the content is AI generated it may contain errors, so please keep that in mind when reading. Feel free to suggest corrections and/or add additional information/improvements in the comments. Read more: Introduction post for the AI Summaries project
Hive Soars as Perpetual Futures Fuel Frenzy
In this week's AMA, the Khal and Mitch discussed into the recent surge in Hive's price, driven in large part by the introduction of perpetual futures contracts. Hive has seen a remarkable 250% increase over the past 30-60 days, with the token bottoming out at just 17 cents in early November before skyrocketing to its current level of around 62 cents.
The hosts explained that the perpetual futures contracts have been a key factor behind Hive's meteoric rise. These perpetual futures allow traders to go long or short on Hive without an expiration date, with a funding rate that has reached as high as negative 2% every 4 hours. This means that the shorts have to pay the longs 2% of their entire position every 4 hours, resulting in an annualized APR of around 4,500%.
"The amount of capital that's going to be spent on the longs is going to be coming into the long of that longer than that capital that you can essentially make by just being long and getting paid that funding rate is huge," one host noted.
However, the hosts cautioned that this market inefficiency is unlikely to last forever, as the liquidity issues that are driving the price surge will eventually dissipate. They emphasized the importance of timing any potential trades, as going long at the current levels could be risky if Hive were to suddenly correct back down to the 20-30 cent range.
The discussion then shifted to the impressive onboarding numbers that InLeo Finance has achieved, with the platform now contributing over 35% of all comments on the Hive blockchain. InLeo has onboarded just shy of 5,000 accounts in 2024, which is nearly as many as the next five largest onboarding sources combined.
The hosts highlighted that the key to this success has been the integration of the KeyStore wallet, which allows users to create full Hive accounts with the same ease as setting up a cryptocurrency wallet. This has driven a surge in new users, with InLeo maintaining a higher retention rate than other onboarding mechanisms.
Looking ahead, the hosts revealed that InLeo is planning to expand its partnerships beyond Dash, with the goal of replicating the "join InLeo, earn X" model across a range of other major crypto ecosystems, including ChainFlip, ThorChain, Maya Interfaces, and Arbitrum. This will not only drive more users to the platform but also generate revenue through the LeoDex decentralized exchange, which will facilitate the conversion of earnings into the user's preferred cryptocurrency.
The hosts also discussed the upcoming launch of InLeo's direct B2B advertising system, which will allow crypto projects to purchase ad space on the platform using any supported cryptocurrency. This, combined with the growing user base and integration with other ecosystems, is expected to create a significant revenue stream for InLeo in 2025 and beyond.
Overall, the discussion highlighted the impressive progress that InLeo and the Hive ecosystem have made, with the perpetual futures contracts and strategic partnerships driving significant growth and user engagement. As the team continues to execute on its ambitious roadmap, the future looks bright for Hive and the broader InLeo ecosystem.
Posted Using InLeo Alpha