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RE: LeoThread 2025-01-16 13:03

in LeoFinance22 hours ago

How to do a Hive to Hive asset swap using LeoDex (workaround for users who want to be early adopters)

Here's a quick threadstorm on how to do Hive2Hive asset swaps using LeoDex before the UI is even live yet

The backend is fully live and ready for people to swap. You can now play around with swapping Hive assets to other Hive assets using @leodex manually

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Step 2). send your asset to @leodex with the right memo

Very critical that your memo is 100% accurate. The UI will make this impossible to mess up, but since we are being an early tester and doing this manually, we need to double check our memo

*this is for beta testers, if you are not comfortable testing, then I don't recommend doing this manual swap. Wait for the UI to be live for Hive2Hive swapping.

Recipient: @leodex
Memo: from:khaleelkazi:to:khaleelkazi:chain:HIVE:asset:LEO

*edit the memo accordingly:

  1. you need to replace my username with your username in both spots it appears in the memo
  2. leave the chain set to "HIVE" since you are testing a Hive 2 Hive swap
  3. change the asset to whatever asset you want to receive (in this case, I am receiving LEO, so I have "LEO" in the memo

Step 1). decide what assets you're going to swap

The options are any assets on Hive or Hive-Engine:

  1. LEO
  2. SPS
  3. HIVE
  4. HBD
  5. etc. etc.

I am going to swap HBD for LEO

Step 3). Double check that the memo is accurate

Again, in my test I am swapping $100 HBD to for ~$100 worth of LEO

You can use any wallet UI you want. As long as the memo is correct and the recipient is correct, your swap will go through

Click "Transfer" when you're sure it's all accurate!

Step 4). Success!

Now we wait. If you did something like HIVE->LEO, then the swap will be extremely fast

If you did HBD->LEO (like I did here), it can take anywhere from 3-15 minutes. You'll see the LEO hit your wallet on-chain whenever it's done

*HBD takes the longest out of any asset because of the Hive-Engine deposit/withdrawal time (which randomly is anything from 3-15 minutes)