IMHO LEODEX is a big help to Hive
- As I see it, it was getting harder to get Hive off Hive and money into your wallet.
- Centralized Exchange listings are hard to come by and with the regulatory uncertainty, it is getting harder as an American to find exchanges.
- But truth be told, centralized exchanges were suppose to be a temporary solution anyway. They are not what Satoshi had in mind when he invented a peer to peer transferable currency which returned sovereignity to the owner of the currency.
- Not your keys, not your crypto is an old and perhaps tired refrain, but still as true today as it was in the past. Just ask all the FTX account holders...
- LEODEX gives Hive holders access to a DEX directly from their Keystore wallets, which is truly amazing if you think about it.
- Soon we will be able to trade Hive for Bitcoin or Ether, and then deposit it into Thor-lend, borrow against it and buy another asset or spend it. Crazy.
Boost to Hive
- So I see this as a boost to Hive because Hive owners can directly swap to Bitcoin or Ether, and Hive owners can swap without depositing their Hive on a centralized exchange.
- This is ultimately a two way street, as Maya has smaller communities who maybe attracted to social media on Hive, so there's that two.
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