I'm just curious as to why we couldn't have just integrated CubDeFi/PolyCub into the UI for swaps and keep it internal instead of using yet another new platform which is Maya?
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Great question.
As stated in this post, AMAs and other places: we believe there is a much better opportunity in becoming an affiliate / partner with ecosystems like Maya and Thorchain. Listing LEO there and building our own DEX UI to handle swaps via those ecosystems as opposed to having our own liquidity farming platform
Thorchain and Maya offer unique value props that are far different than a traditional yield farming platform like CUB/POLYCUB.
What the last 2 years has shown us is that no matter how much we attempt to innovate, CUB/POLYCUB are archaic platforms at this point and the yield farming model is fundamentally broken. We tried six ways from sunday to make them work, but we could not.
Instead, this model offers us the ability to:
- not pay token emissions (since the emissions/yield is handled by Maya/TC)
- run an affiliate platform that earns revenue (swap fees for anyone using LEO's new DEX)
The combination of these two along with the assimilation of tokens into solely having 1 token for our ecosystem (LEO) is going to fundamentally change the value accrual model of the DeFi part of INLEO's Ecosystem.
Imagine our affiliate UI doing $10M in swaps per month. 0.25% of that would be $25k per month in buying pressure on LEO.
All without paying a dime in liquidity rewards to LPs (since again, it's handled by Maya and TC).
ALSO without having to worry about building liquidity for all of the pools (since that's handled again by Maya and TC).
We succeed as they succeed. And they are going to succeed because of their superior technology, critical mass and early mover advantages.
Good stuff and thank you for the extra details. I'm still stuck back in the old school defi for the most part as I haven't played much with the new versions of it. Sounds like I need to grab up some Maya and Thor and get in on these new pools!
On Maya, you swap for L1 coins. On BSC/Polygon you swap for wrapped tokens. The other difference is Maya has that feature from Thorchain that allows a big swap to be broken into smaller swaps and executed over a given time. That allows bigger investors easier access to an LP with smaller liquidity.