Hi, everyone! LeoDex is expanding rapidly, with more assets being added. SPS and DEC are already enabled, HBD will join soon, and we're currently testing the option to connect MetaMask. Now, we need the trading volume to start increasing.
In this clip:
- Compare the pricing you would get on LeoDex with different CEXs
- Better pricing is often found on LeoDex
- Provide liquidity to the LEO/CACAO pool and earn better rewards than from curation
- Bring the transaction volume back to the blockchain
A small challenge I have for everyone is before buying Hive on Binance, go to LeoDex and quote the swap to see where you would get better pricing, and pick the one that is more convenient. The volume on LeoDex benefits everyone on Hive, everyone who owns Leo, so by using it, you have other indirect benefits.
By performing these actions on LeoDex, we are moving the transaction volume from CEXs, where the transactions happen on their own private ledger, back to the blockchain, and to self-custody.
Besides using LeoDex for swaps, being a liquidity provider is another way to support the ecosystem and earn rewards. The rewards on the liquidity pool are bigger than curation rewards, and all come from swap fees, not from inflation.
Something we have been exploring is the option of moving the rewards from Wleo to the LEO/CACAO pool. This way, the Geyser would pay the rewards directly to the LEO/CACAO pool and balance into everyone’s positions. This would be positively reflected on Maya Scan and possibly attract external investors.
Try out LeoDex, see the value proposition, and give us all your feedback