Hello everyone! Come and join us in our latest AMA where we cover the hottest topics related to Inleo, LeoDex, the upcoming Maya listing, and other crucial details for the community.
In this clip:
- We learned lessons from Cub and PolyCub, and sunsetting them is a decision that comes after seeing they sadly will not work
- The liquidity mining system is flawed, so we are not implementing it on the new pool
- We are going to focus on product-market fit with the Leo Aggregator
- There is potential for great Pool utilization; any Hive swap has to flow for the Leo/Cacao pool
- Yield for investors will come from the swap volume, not from liquidity mining
- The new LeoDex will be very easy and intuitive to use; it also handles all the necessary steps for the swaps, including getting gas, by the implementation of an Arbitrum ETH faucet
- Walkthrough to find PolyCub (and any EVM token) contract address.
- Small dive on the depeg of bHBD and its sunsetting.
There were valuable lessons learned from Cub and PolyCub. They were good experiments during the DeFi Summer, but the sustainability for the long run was lacking, leading us to the irrevocable decision to move forward.
We've also identified the flaws inherent in traditional liquidity mining systems, which is why we are avoiding them in our new pool. Instead, our focus is on achieving a better product-market fit with the Leo Aggregator.
With the new LeoDex, we are uncovering the immense potential for pool utilization in our LEO/CACAO pair, as all swaps from Hive Assets to other L1 tokens must flow seamlessly into the LEO/CACAO pool. Investor yields will be driven by swap volume rather than liquidity mining rewards.
Learning from past experiences, LeoDex is designed as a user-friendly platform that effortlessly manages swap processes, including the integration of an Arbitrum ETH faucet for streamlined gas management. This feature eliminates the need to visit other platforms for gas; with just 10 $LEO, users can access sufficient gas for multiple transactions on Maya.
Additionally, we provided a helpful walkthrough to find your wallet address and token address on PolyScan, which can also assist in locating addresses for other EVM tokens if needed. We also delve into the depegging of bHBD and the implications, where unwrapping it now (and has been this way for a while) results in the same dollar amount initially invested, preventing arbitrage.
This AMA was packed with valuable insights, so make sure you don't miss it!