The LEO / CACAO Pool Could Become the Most Rewarding on Maya Protocol

khaleelkazi in LeoFinance • 7 months ago

Hi, everyone! With just a few of you as our beta testers, LeoDex is already doing really well in terms of numbers. This is a positive sign for what is yet to come when more features go live and the experience becomes even smoother.

In this clip:

The more refined the experience becomes, the more swap volume we’ll see
LeoDex is number five in terms of the number of swaps
Liquidity providers earn organically from the swap fees
With the Hive Aggregator, the LEO/CACAO pool could become the most rewarding one

In the Maya Interface War, we are number five in terms of number of swaps, right behind Asgardex, which is already incredible. We are working to create the cleanest and easiest experience to keep climbing the ranks. This is a friendly war; in fact, the Maya community has been very friendly and welcoming. Other UI owners reached out to us to offer their help while we were building LeoDex.

The liquidity providers for the pools on Maya earn organically from the fees generated during the transactions. The LEO/CACAO pool will handle all the swaps from Hive to Maya through the Hive Aggregator. This means all the volume of swaps from DEC, SPS, HIVE, HBD, and more in the future, will go through the LEO/CACAO pool. The potential earnings there for the liquidity providers are great.

We are continuously building and we are excited to see how this develops.

Posted Using InLeo Alpha

#inleo #hive #development #maya #leodex #ctp #neoxian #palnet #oneup

7 months ago in LeoFinance by khaleelkazi

0.00 ALIVE

Sort:

Trending

[-]

shortsegments 7 months ago

I created the Keystore wallet and referring to videos I was able to deposit in this pool. The transfers using wleo.io and the arbitrum faucet worked well. I made 4-5 progressively larger amounts like you suggested and the transactions all worked without a hitch.
As an added plus, I can check on my investment through the dashboard.
I think this maya blockchain looks like a good place and the people seem knowledgeable. It's great that you and nifty are well versed in this ecosystem, I am experimenting with Thorlend also, so this is really exciting.

0.00 ALIVE

9 votes

[-]

khaleelkazi 7 months ago

Awesome! Thank you for being an early user of it. I know it can be daunting and sometimes have bugs when you're one of the first people to use something and I appreciate your patience walking through it.

Glad to hear that it all went without any issues for you! We'll keep refining the experience as we build

0.00 ALIVE

[-]

rzc24-nftbbg 7 months ago

Number 5 and LEO/CACAO pool! That's great! I wish LeoDex more growth as DEC, SPS, HIVE, and HBD are added.

0.00 ALIVE

8 votes

[-]

khaleelkazi 7 months ago

Yep! Those will get added to the aggregator this week. it's pretty amazing that we won't need new liquidity pools. They simply route through LEO's connection

No more bs pools. Time to just build alongside Maya and Thorchain

0.00 ALIVE

1 vote

[-]

shortsegments 7 months ago (edited)

I think this is an important pont, which is missed by many people. If Hive was on common centralized exchanges, which also serve as onramps and offramps people would be more willing to invest capitol in Hive knowing that the path to remove capitol from Hive or at least earnings from capitol on Hive. Hive would have a better chance to grow.
Now with DEXs we have other options for onboarding people to Hive through their Bitcoin, Ether and USDT or USDC. These are easy tokens to purchase with fiat from so many sources, plus many wallets now allow onboarding of capitol through wallets, so this dex provides a direct route off HIve for now and a direct route onto Hive in the future.
The rise of dexs and onboarding capitol through wallets makes Centralized exchanges less vital and reduces the choking effect centralized exchanges unintentionally put on altcoins by not listing them.

0.00 ALIVE

8 votes

[-]

khaleelkazi 7 months ago

I hope more hivers wake up and stop using CEXes without at least quoting out a swap on LeoDex first. Using L1 DEX rails is always superior from a safety and longevity standpoint

We're working hard to deepen the aggregator so that swaps are actually more price efficient when they're done on LeoDex as well

0.00 ALIVE

[-]

shortsegments 7 months ago

I keep writing about it, so I hope people will read one of my articles and have that light bulb moment, when they realize the value of Leodex.
I even started a contest to draw more attention to the subject and the dex!
I think that if enough people write about it and talk about it, people will eventually get the point.

0.00 ALIVE

6 votes

[-]

khaleelkazi 7 months ago

Awesome work telling people about it! I appreciate it, keep it up 🦁

0.00 ALIVE

[-]

gargi 7 months ago

You guys really working hard for us to bring something very Amazing, Leodex UI Working smoothly.. just login yesterday..

0.00 ALIVE

1 vote

[-]

khaleelkazi 7 months ago

Love to see it!

0.00 ALIVE

1 vote

[-]

tobetada 7 months ago

really great work, you guys brought it online just when the non KYC options for Hive are running out, well done!

0.00 ALIVE

1 vote

[-]

shortsegments 7 months ago

Seemingly Hive was getting squeezed by the lack of listings. Hopefully this will blow the door wide open and it will get even better with time, when SPS, DEC and HBD become options.

0.00 ALIVE

1 vote

[-]

uyobong 7 months ago

It is very impressive how fast this growth is happening around the LEOverse. LEO has always been the conduit to shoot Hive and Hive-engine tokens into the external market. Cheers!

0.00 ALIVE

[-]

hivebuzz 7 months ago

Congratulations @khaleelkazi! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You received more than 510000 upvotes.
Your next target is to reach 520000 upvotes.

_{You can view your badges on your board and compare yourself to others in the Ranking}
_{If you no longer want to receive notifications, reply to this comment with the word STOP}

Check out our last posts:

Hive Power Up Day - May 1st 2024

0.00 ALIVE

[-]

hanshotfirst 7 months ago

I am delegating to leo.voter. I did not receive a token transfer on 4/19. Can this please be remedied?

0.00 ALIVE

[-]

khaleelkazi 7 months ago

Hi - if any payouts are missed, they are autonomously rolled into subsequent payouts.

Thanks for your patience

0.00 ALIVE

[-]

hive-lu 7 months ago

Hello khaleelkazi!

It's nice to let you know that your article won 🥇 place.
Your post is among the best articles voted 7 days ago by the @hive-lu | King Lucoin Curator by polish.hive

You and your curator receive 0.3430 Lu (Lucoin) investment token and a 12.65% share of the reward from Daily Report 283. Additionally, you can also receive a unique LUGOLD token for taking 1st place. All you need to do is reblog this report of the day with your winnings.

_{Invest in the Lu token (Lucoin) and get paid. With 50 Lu in your wallet, you also become the curator of the @hive-lu which follows your upvote.

Buy Lu on the Hive-Engine exchange | World of Lu created by @szejq}
_{If you no longer want to receive notifications, reply to this comment with the word STOP or to resume write a word START}

0.00 ALIVE