I Staked Half a Million WOO Tokens

A few months ago I posted about getting a 63k WOO token distribution flush. Remember that?

Can you guess what happened two weeks ago? It happened again. This time the distribution flush was over half a million WOO tokens.

I still don't know what exactly caused the March distribution flush. @wrestorgonline replied to that post guessing it was a pool offering WOO as an LP reward. Presumably that happened again but I don't know if it could have been the same pool or a different pool that flushed the WOO - if that's what it was.

Image Source: https://leodex.io/wallet

I also don't know if there will ever be a third WOO distribution flush someday. That's the main reason why it has taken me two weeks to post this. The distribution flush this time was 598k WOO.

I put some of that WOO into liquidity pools and set aside roughly half a million WOO. Not knowing if a large WOO distribution flush would ever happen again I wanted to have some time to think about what to do with all that WOO. After two weeks I finally decided rather than putting all the rest of the distribution flush into the liquidity pool I would stake half a million WOO tokens.

Image Source: https://leodex.io/wallet

500,000 WOO at the current market price is roughly 324 HIVE or $108 USD. That's worth locking in and trying to avoid the impermanent loss of a pool. I can always unstake later if I change my mind.