Hi, everyone! This AMA was loaded with information about the most recent updates on LeoDex, the dynamics of the liquidity pools, and what is on the roadmap regarding other protocols and features to add to LeoDex. Our goal is to be a multichain DEX; we are already one since we work with both Maya and Hive, but we are planning to add other protocols like Thorchain.
In this episode:
- The multi-chain future is taking shape in real time
- Working now on XDEFI, the back to HIVE route, and the addition of SPS, DEC, and HBD
- You can get a better price using LeoDex than a centralized exchange
- The liquidity pools LEO/SwapHive and LEO/CACAO will both receive liquidity from the transaction fees earned
- Splinterlands put $70k into the LEO/Swap.Hive pool
- LeoDex is available on mobile in the Keychain app
We have been working on creating a smooth experience with the features and tokens we already have on LeoDex; our following steps are enabling XDEFI, the back to HIVE route, and the integration of SPS, DEC, and HBD into LeoDex. These efforts are paving the way for a seamless and efficient trading experience and an increased volume of Hive user activity.
LeoDex can offer you a better price compared to centralized exchanges, faster and easier. On top of that, the transaction fees earned will provide permanent liquidity for the LEO/CACAO pool and the LEO/Swap.HIVE pool, since both are very important to determine the slippage on each swap.
Speaking of the LEO/Swap.HIVE pool, exciting news happened live during the AMA: the Splinterlands team has invested $70k into this pool, which used to be the smallest pool; now both are equal, allowing for bigger Hive swaps with less slippage. We expect to see an increase in the trading volume and the depth of the pool.
Now we need to see the swap volume go up. Once XDEFI is available, along with SPS and DEC, the volume should grow considerably and exponentially. There is also an appeal to the Maya community to use a DEX that dedicates their earnings to provide liquidity to a CACAO-based pool.
If you are a mobile user, don’t worry, LeoDex is compatible with mobile, all the features work in that version as well. To perform Hive transactions, access LeoDex through the Keychain app.