If you caught the blog post from two days ago, then you'll know that USDC staking rewards went live over the last 24 hours for LEO holders on LeoDex.
LeoDex is a cross-chain DEX aggregator. We currently support 6 protocols (and growing) for cross-chain spot swaps.
We are also adding Perpetual Futures trading through Rujira Network (THORChain).
Our new sLEO contract pays 100% of affiliate fees as USDC to all LEO stakers on https://LeoDex.io/leo.
ICYMI:
- LEO is deflationary (30M max tokens are fully issued which is now 29.86M and dropping daily from LeoBridging fees)
- LEO is natively on the Arbitrum blockchain and has wrapped versions on Hive-Engine, Polygon and BSC
- sLEO is staked LEO on Arbitrum and can be managed via the staking page on LeoDex: https://leodex.io/leo
- USDC rewards are earned by LeoDex every single day when users swap crypto / trade perpetual futures (0.45% fee on all trades)
- USDC rewards flow directly into the sLEO contract and are paid to active LEO stakers
- You can watch your USDC rewards climb in real-time if you're staking LEO
How to Earn USDC
To earn USDC on LeoDex, you need to get some LEO (Arbitrum). You can buy LEO directly on LeoDex using Maya Protocol routes. LeoDex has 0 fees for any LEO Buys on the DEX.
Alternatively, you can buy LEO on any other chain and bridge it to Arbitrum, then stake in the sLEO contract.
Once you have LEO (Arbitrum), go to the https://leodex.io/leo page and simply enter the amount of LEO you want to stake. Then click "Stake" and it will convert your LEO into sLEO.
Now that you have sLEO, USDC rewards will accumulate in the "Your Rewards" section. Whenever you're ready to harvest your USDC, you can click "Harvest USDC" and get the USDC sent directly to your Arbitrum wallet.
Alternatively, if you stake additional LEO it will automatically harvest whatever is in your balance and awaiting claim and add that USDC to your Arbitrum wallet.
LeoDex USDC Rewards Are LIVE | 100% of Affiliate Fees to LEO Stakers
You can now earn USDC by holding your LEO as sLEO on LeoDex. This is through our new sLEO contract on the Arbitrum blockchain that earns USDC directly from the LeoDex interface.
LeoDex is a cross-chain swapping and trading interface that taps into (currently) 6 DEX Protocols. These 6 DEX Protocols are aggregated for users to seamlessly find them their best swap.
LeoDex is also in the process of integrating perpetual futures through the THORChain protocol. Our Perps UI will be the first interface to ingrate THORChain Perps and will bring a whole new class of users into the LEO Ecosystem.
How USDC Rewards on LeoDex Work
This was answered in detail via the previous blog post. As a quick refresher:
- USDC rewards come from LeoDex's volume. The more volume there is, the higher the USDC rewards (fees are earned by LeoDex's sLEO contract and paid as harvests to sLEO stakers)
- 100% of affiliate fees get paid to sLEO's contract. There is no team designation. No treasury allocation. Just the community building the best DEX Interface we can with 100% of the inflows to the LEO Token Economy
- Protocol Owned LEO (POL) was using the fees for the past 90 days to buyback LEO off the market. Now that sLEO is live, POL will earn USDC proportionately with its acquired LEO stake alongside everyone else. It autocompounds back into more daily LEO buys using the USDC it earns. This creates a permanent buyer. You can track POL at the bottom of the https://leodex.io/leo page.
Questions? Comment below and we'll jump right in to reply.