If you didn't know LeoDex.io is currently live and can be connected into with a wallet called Keystore. While I'm not a big fan of this wallet type and for some reason find it overly excessive amounts of work for some reason lol It's for sure a option at the moment if you don't mind the few extra steps to start getting involved in LeoDex today.

But that's not what I want to focus on today. Instead I want to focus on what has me excited about LeoDex.io and what I believe if done right will be a pivotal moment for Hive and for the LEO token here on InLeo.io

The Current

Right now LeoDex is a bit limited on what you can swap and the amounts. However this is growing at a fast rate as more people provide in liquidity to the platform. The fees earned are also offer some great APR. This is most likely due to the lack of people wanting to expand out to other wallets. (Myself included) when we talk about Keystore lol. However Metamask and more importantly XDefi are options that are coming soon.

When this happens I believe the current very high APR will be reduced as more and more people would have added their own liquidity in. But I still feel like it's going to be a viable option at least in some cases. We will come back to that "at least in some cases" note here shortly.

At the time of writing this (And note I'm not sure how accurate these details are but it's all we have access to) Is that LeoDex has made a total of a little over $11,000 in swap volume since it's gone live.

of that we also get a breakdown of the top swapping paths seen here...

What we can see is there's a lot more exiting on LEO into Cacao and Rune then what is being bought of Leo. And that... well that's perfectly fine! Because the swap fees collected buy half Leo and half Cacao to continue to fuel the price action of these tokens. As more swaps happen more LEO is bought up and added to this pool.

The Hive Integration

Some point soon LeoDex will go through another update and this update is going to add some BIG features that I personally am most excited about.

That is the incorporation of Hive, HBD, DEC and SPS.

Now for me I only see Hive being sold off and hardly bought. There simply really isn't much demand for Hive anymore and we are clearly seeing that in the price action of hive. Over spending and a lack of new development on hive is starting to seriously crush the ecosystem in my opinion. HBD however I could see people swapping into since that currently earns a massive 20% APR being staked for just three days.

But what I'm really excited about are the introduction of DEC and SPS. If we look at currently transaction values just on hive for these tokens we can see massive swaps happening. But there are limits and less options going around for this token at the moment being that it's not on any large centralized exchange.

Most of the action seems to be mainly happening on Hive itself. However open DEC back up to pretty much every layer 1 token such as BTC, ETH and a vast amount of other tokens that can be swapped in and out of these two assets and you can start to see how this fluid nature of things opens up just massive built up potential for DEC and SPS which ultimately moves us into huge fees to be collected from these swaps which will buy up more LEO.