Hive-engine experiment. One more step down.

After 14 days, I'm taking another look at the Hive-engine liquidity pool investment experiment, and there's no good news. It's clear that Hive's weakness is taking its toll on the pool portfolio, but above all, it's the drop in LEO that's causing the most damage.

Screenshot.

It doesn't surprise me too much since LEO hasn't lived up to expectations, at least not mine. The idea behind LEO's returns is very good, and the token scarcity made it an unstoppable token, but all of that depends on meeting the objectives. That hasn't been the case. Staking LEO on Arbitrum hasn't generated the expected returns in USDC; in fact, for a long time, the service wasn't even active. No matter how much LEO I buy, if it doesn't generate a sustained return, it's like building a castle on sand.

The other pools haven't performed too badly, but they have very little weight and are still affected by Hive's weakness, which, despite everything, isn't reacting either. And, as in the case of LEO, if Hive doesn't attract new users or stop expelling existing ones, it's impossible for it to generate enough demand for the token's price to increase.