I'm starting to try leodex to see if it can be a good solution. I've been doing some tests and I still don't know if I like it or not.
One very positive thing about it is that you can connect with xdefi very easily. Also, it has seemed quite stable to me the times I have tried it, which for being new is very positive.
But it also leaves me with some doubts about the transaction costs. Although this surely has nothing to do with Leodex but with the liquidity in the pools.
I will give an example of making an exchange of 1000 LEO to Cacao. It is cheap as soon as you pay the fees as you can see in the following image.
Source: screenshot of leodex website
However if you try to make the change from 1000 Hive to Cacao then the fees are not so interesting. And what is worse, if you add a zero to Hive then the fees are unbearable as you can see in the following images.
Source: screenshot of leodex website
Source: screenshot of leodex website
If you try to do the same with other pairs like USDT or WBTC the same thing happens or even worse
Source: screenshot of leodex website
I think this is due to the lack of liquidity of the pools but whatever the case, it makes it not the best option to transform our Hive into other cryptocurrencies such as BTC or ETH.
Even so, I think it is a good initiative that is only beginning and with a little luck it will increase liquidity, making exchanges more viable. I assume they have plans to increase liquidity in the protocol in the medium term.
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