Hello, everyone! We are really excited about the work we are doing with LeoDex, in conjunction with the introduction of the LEO/CACAO pool on the Maya Protocol. This integration enables us to facilitate swaps between Hive assets and external L1 assets, all within a few clicks through a seamless UI.
In this clip:
- The $LEO in the LEO/CACAO Pool on Maya is referred to as Arbitrum Leo
- Swaps from LEO or other Hive assets to Bitcoin or other assets on Maya do not require a new pool
- LeoDex will manage all steps for swaps using the LEO/CACAO pool
- All steps to complete a swap will be seamlessly executed within the UI
The $LEO in the pool is known as Arbitrum Leo, simplified to "LEO." Pairing it with CACAO allows us to bridge Hive assets with Maya assets through a series of swaps, expertly handled by LeoDex through a seamless UI.
Therefore, there's no need to create separate liquidity pools for each asset pair; the LEO/CACAO pool consolidates everything. The potential swap volume here is remarkable, and earnings from affiliate and swap fees will contribute to growing the LEO/CACAO Pool.
Completing a swap involves about six steps, all easily accomplished with a few clicks, as LeoDex takes care of everything.
Posted Using InLeo Alpha
This is a good prospect. Investing in crypto will become easy for those of us are not so sophisticated. So, I will easily get Bitcoin in my wallet through hive blockchain.
Welcome development
Love the thumbnails! 😉 👏👏👏
The introductionof bitcoin into the hive ecosystem will help draw in new investors and crypto enthusiasts. Thanks for the update. This is really a stepping stone innovation. 👍
Though am yet to use Leo Dex but , then I case the UI and the an applicable swap steps do support all devices . Hope it does.
Generally that's an awesome addition to the relatively smooth running of both Leo Dex and Hive wallet.