Hive Aggregation Technology: LeoDex's Unique Moat
Hi, everyone! We keep working on making LeoDex the most user-friendly UI in Maya and to bring unique experiences for Hive users. One of our biggest differences is the Hive Aggregator, which will allow us to list several Hive tokens without the need for creating new liquidity pools on Maya.
In this clip:
- LeoDex is the second-cheapest DEX option on Maya Protocol
- Hive Aggregator is a unique feature of LeoDex that will include several Hive tokens
- The fees generated for swaps over $120 will buy LEO and CACAO to pool them
- The organic buy pressure on Leo is very positive for the token and its economy
Another interesting aspect of LeoDex is its fee structure. Swaps under the minimum of $120 don’t carry extra fees. Swaps over $120 generate small fees that, once in our hands, are utilized to purchase LEO and CACAO and provide permanent liquidity to this pool. This approach not only ensures liquidity but also contributes to the overall health and sustainability of the token economy.
With the Hive Aggregator, we are catering to the Hive community and expanding the use case for the Hive swaps route. But we are also bringing opportunities to the Maya community being the second cheapest DEX.
Its distinctive characteristics will help us achieve the goals we have set for LeoDex.
Posted Using InLeo Alpha
Any reason why no fees under $150? Why not? what if ppl just split their swaps into multiple ones? Should probably charge at least a small % anyways the site is providing a service that at least for Hive is unique 🤔
There are blockchain fees so if the swap is under $75 for example, there is actually no fee to collect. So we chose $150 as our number for now to guarantee there is actually a fee to collect (to prevent errors)
But we may reduce this over time
Fantastic work. Where will the Leo be bought from though Maya or Beeswap? although I am guessing people will want to head there and swap for the arb
It's bought on Maya autonomously from the address that collects the affiliate fee revenue (it's collected as CACAO tokens)
You can track the earnings of it in real-time:
https://www.mayascan.org/address/maya190g83sh5hwvl7cdqej4ryry520apxey8x0v4sn
mate I am absolutely blown away on how much you have achieved. I've stayed here just to be a part of the journey. I would have left a long time ago.
Thank you so much. That really means a lot
We've gone through great times and hard times. We're going through a challenging period right now in terms of development but that only motivates me to spend even more time with the team, in the trenches
Having a community that supports the work with both kind words and usage is what makes it all worthwhile 🦁
To be honest, none of us see those issues other than the odd down period which is generic to all programs. This isn't FB or Twitter with decades and Billions of money. All those platforms crashed a lot back in the day too but no one remembers that and their leaders weren't accessible. I look forward to watching the Netflix series about you when they make it in the future.
Yes this is absolutely true, if you even go back to the early days of Steemleo and compare that to what we're achieving today, it's mind blowing
Haha I'll keep working my ass off till that day comes and INLEO is a multi-billion dollar ecosystem. Thank you for all your support 🦁
It has really great features. People can switch to it easily!
I hope to see people make the switch!
Great achievement, more keeps coming.
We're working hardcore to get all of this done
I believe you guys
Permanently locked liquidity from the fee earnings might be one of the most promising signs for a project to give some highlights about the bright future. Once LeoDex becomes the major gate to Maya Protocol, everyone will be contributing to the growth of LEO thanks to Perma Liquidity.
Once HBD and Splinterlands tokens are added, the numbers will go up significantly 😉
Best thumbnail yet 🏰🦁👑
lol yep nice work on this one, I like it
User-friendly and listing multiple Hive tokens without creating new liquidity pools, I have to check how the latter is done. Generated fees used to buy LEO and CACAO for permanent liquidity. I hope that you will succeed in your goal of achieving a sustainable token economy.
This is one of the keys to the success of what we've built here. There is no need to incentivize and build a whole plethora of liquidity pools. That's what failed in the past - it's too difficult and unsustainable to have liquidity incentives with the aim of bringing in capital
Now, we've built technology that relies on Maya and Thorchain to build their own liquidity pools. They are highly capable of this due to their economic incentive models. We are simply piggybacking on what they've built, building a UI for it and then building the HAT to handle swaps of L1 HIVE across blockchains