Threadcast link:
@khaleelkazi/re-leothreads-2vqhjdjww
Link to recording:
https://x.com/khalkaz/status/1914394970116812931
Speakers
DISCLAIMER: The following has been generated by AI based on the publicly available recording of the livestream. Because the content is AI generated it may contain errors, so please keep that in mind when reading. Feel free to suggest corrections and/or add additional information/improvements in the comments. Read more: Introduction post for the AI Summaries project
In this week's InLeo AMA, the hosts Mitch and Khal provided a comprehensive update on the latest developments with the LeoDex decentralized exchange. The main highlights include:
New LeoDex Referral Program
- LeoDex is launching a new referral program this Friday (or potentially sooner).
- The referral program allows users to earn 1/3 of the 0.45% affiliate fee on every swap made by someone they refer to LeoDex.
- Referral rewards are paid out automatically on the 1st and 15th of each month in the native tokens of the chains used for the swaps (Rune, CACAO, USDC).
- There is no limit on the number of referrals or any filtering/verification required - the program is open to anyone who generates a referral link.
- The goal is to empower users to earn a significant portion of the affiliate revenue, rather than just the interface providers.
LeoDex Usage and Metrics
- The hosts encouraged more users to actively test and provide feedback on LeoDex to help improve the platform.
- They shared a link to the Xscan dashboard which tracks daily and historical volume across the various chains integrated with LeoDex.
- A dedicated LeoDex dashboard is also in development to showcase the buyback of LEO tokens using 100% of the platform's affiliate revenue.
Bitcoin and Crypto Market Update
- Bitcoin has seen a strong rally recently, breaking above the $92,000 resistance level which was a key technical hurdle.
- The hosts discussed how Bitcoin's price action is correlated with the broader M2 money supply, which has seen significant growth globally in recent months.
- They believe this macro environment is bullish for Bitcoin as a potential flight-to-safety asset, especially as older demographics continue to favor traditional safe havens like gold.
Rune and THORChain Ecosystem
- The upcoming TCY token launch on THORChain was highlighted as an important development to address past issues and help the ecosystem recover.
- The hosts expressed optimism about Rune's long-term prospects, noting that it has shown resilience by holding support around $1 despite the challenges faced by THORChain.
- They emphasized that the LeoDex integration with THORChain is a key part of driving more volume and usage to benefit the entire ecosystem.
Overall, this episode provided valuable updates on the progress of LeoDex, the broader crypto market conditions, and the outlook for the THORChain ecosystem. The hosts encouraged active participation from the community to help drive the success of these initiatives.