The development team behind LeoDex is working non-stop to level up our decentralized finance experience. The streaming swaps, a series of transactions that provide the best / most efficient route to bring you the equivalents of two assets being changed, will cut down the arbitrage fee between the two cryptocurrencies you swap.
It might be better to mention two important developments before jumping into my experience and impressions.
First of all, the technological and user - friendly side of LeoDex has been getting better. The feeless (but for CACAO's outbound fee) and the adaptation of streaming swaps have made it an advanced product of DeFi already.
The second thing is that, the gamification on LeoDex have enabled users to enjoy their time spent while initiating transactions and get rewarded for hitting some targets!
Every time $500 is collected, permanent liquidity is added to the pool. In this way, your volume on LeoDEX helps LEO gain more value.
Tier - based volume airdrop will be groundbreaking, too.
Imagine you trade two coins for no internal fees and you increase your volume on the platform to get more airdrop allocation. Sounds great for those who love DeFi games 😉
Speed, Transactions & Experience
I transferred LEO from Hive to Arbitrum, it took 21 seconds to arrive!
I confirmed the transaction on Keychain, revisited LeoDex, and viewed the block explorer. Boom! It has arrived already.
I sent 150 LEO, and the fee was reduced from my transfer. It is the only fee that you pay for your transactions that are below $150, LeoDex does not charge any fees under the threshold 😉
The fee you pay is neither affiliate nor inbound fees which are related to LeoDex operations. This is what Maya Protocol (CACAO) charges you with.
Here you can find the explorer output above.
You will notice that there are "interval, swaps, and status" sections on the message when the transaction is successfully done.
The streaming swaps may make the numbers go higher to provide you with the best results of your trade.
To provide liquidity, you are manually accepting the transactions to be initiated. The simplicity is one of the best updates on LeoDex as far as what I have observed.
As I tested every single process, from wLEO transfer to liquidity, swaps are my favorite actions on LeoDex.
Imagine some content creators aim to earn BTC, ETH, ARB, or other top 50 coins without knowing that InLEO and LeoDEX let them transfer their value from one chain to another with very low fee charged by Maya protocol!
For the long term believers of Hive and LEO, it can be a great platform to initiate your trades including USDC, ETH, ARB, or even meme coins like PEPE. Rather than using other platforms, you may choose to use LeoDex, farm LEO, and grow your stake before the bull market 🐂
What do you think about the updates on LeoDex?
Share your thoughts below 👇
Hive On ✌️
Posted Using InLeo Alpha