Hey, everyone! We built LeoDex on Maya, even though we could have just used other tools available for swaps. The Hive Aggregation Technology we've developed allows us to bridge from Hive tokens to other external tokens, putting us in a unique position we can leverage.
In this clip:
- Maya protocol rewards LP providers with real revenue from the swaps made
- Leo's pools on Hive and Maya offer unique possibilities
- Usage of Hive could spike up thanks to swap activity from Inleo
- LeoDex account is creating intelligent memos for cross-chain swaps
LeoDex is well-positioned to offer cross-chain functionalities to Inleo. We could have used other Maya UIs for swaps, but our connection to Hive is something other tokens don't have. Meanwhile, $LEO has exposure to all the Hive tokens and all the Maya tokens thanks to the LEO / Swap-Hive pool and the LEO / CACAO pool.
For cross-chain swaps, we use intelligent memos, which have allowed us to achieve one-click swaps. Before, you needed to click about eight times during the swap process to approve transactions, but now it all runs in the background, creating a seamless experience for the user.
With the first users cashing out to Dash, we expect to see a pump in the swap volumes on LeoDex, which generates swap fees, one of the many revenue generators for the LEO economy.
Posted Using INLEO
Nice to see defi picking up...
This is a new era for DeFi. Truly decentralized swap rails
More opportunities, greater productivity
!CTP
Bringing the world of cross-chain to Hive!
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Nice to hear this updates, hope to benefit more from this leoDex
It is a great news to hear that it continues to pick up
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STOPI enjoyed this short.
I think Intelligent Memos could become the next catch phrase, like Smart Contracts
You are making all the right moves , right now, enjoy your success.
getting volume to the DEX will be huge… imagine all DEX fees going to buy LEO off the market and burning it … will be wild :D