RE: Leofinance's daylight robbery [a call to action]
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First of all
Please use facts when you write a blog post accusing theft. If you are unsatisfied with the response you got in your ticket, you could work with us in the ticket to resolve why we came to the conclusion we came to and then dispute it so we can figure out a solution.
Instead, you're writing this post and skipping over some pretty significant facts. Some people will now headline read this and get the wrong impression.
I'm looking at your account and you paid $272.98 for 443.874 bHBD
Guess what we said you would get refunded? ~$272.98 HBD
The real complaint here is that you won't be able to turn around and make an instant $171 profit. Despite the fact that the UIs all state this variable fee is in place after the de-pegging event.
So did you get $171 stolen from you or are you just upset because you won't make $171 in instant profit even though we've stated both publicly and over discord that this is not how the peg works?
Hi, I'm happy to reply right away.
I did and the response I got was "We can send back the bHBD if you prefer".
I offered you a ton of chances to come clean - in posts and comments. F.e.
CUBathy - do you have any bHBD or CUB?
HBD interests - CUB governance in test
I'm sure you can look for more than just the TX but to see that half of the bHBD came directly from CUB swap - as it was all pooled into CUB-bHBD pool. And the $171 instant profit you mention is actually $171 a loss reduction - a loss made purposely made by you turning off the bridge, pulling HBD out of peg and staking them for your OWN profit. If you hadn't taken out HBD, you would have it.
I really like the term 'de-pegging event' describing an event that you forgot to tell anyone about, that was discovered when Splinterlands voted for a proposal to hold funds in HBD and they thought of using your bridge. Here you have @lordbutterfly post Splinterlands DAO - 500k HBD purchase proposal not passing
The facts are:
This is what I got for trusting you. How this is different from what Sam Bankman-Fried did?
you have so many inaccuracies in this comment, I don’t even know where to begin
To start, you called us LeoFinance. Clearly, you haven’t been tapped in to the updates we release. So before you go around saying we never told anyone about this, perhaps it’s a good idea to educate yourself on the hundreds of threads, blog posts, comments, discord messages and months of AMAs where ALL of this has been addressed six ways from Sunday.
Your claim on bHBD is based on the $$ spent for the bHBD. We made this change over 6 months ago which was well before you bought your bHBD at the current price.
In your conversion, you would not lose a SINGLE PENNY. Yet you continually claim the opposite.
I’ve said now in multiple places directly to you that if you feel our TX records are incorrect and you did in fact purchase the bHBD for a higher average price, we would honor that new price
Yet I haven’t seen you provide any TX evidence of this. Only spreading false rumors and accusations with no proof.
I’m more than happy to resolve this for you as I’ve done in the hundreds of tickets that came before you where $1 for $1 was honored. But you’re not allowing that to happen. Instead you’re calling people liars and thieves with no basis in fact of on-chain evidence.
When you’re ready to actually resolve this, provide the TX links and your average purchase price in your tech support ticket and it would be refunded that day.
But if not, keep spreading these false rumors that I can dispute with hardline links to blockchain transactions, months of AMAs, blog posts, comments, threads and information on-chain.
bHBD and HBD were swapped 1:1 so leo finance received 1 HBD for every bHBD you wrapped. Therefore no matter the price 1 BHBD = 1 HBD.
Working on your theory of paying back only what someone paid for bHBD on BSC is ridiculous. If you pay someone 50 cents for 1 bHBD then Leo finance makes 50 cents.
Not sure what you don't understand about wrapped and unwrapped tokens having the same value
Just explain why 1 bHBD doesn't equal 1 BHD
this is incorrect
If you wrap it, then yes it is 1 to 1 and we honor that
What is being discussed here is entirely different.. these users bought bHBD for $0.50 on the $1. They did not wrap any HBD. They swapped BUSD for bHBD at a discount because of a de-peg attack. Nobody is losing money or making money in that scenario.
For example: say you swap $2 for 5 bHBD.
When you unwrap it, we are paying you 2 HBD. So you just paid $2 for 2 HBD.
Josie is mad because he wants 5 HBD for his $2. That is the problem here