Threadcast link:
@khaleelkazi/re-leothreads-24sasvjdx
Link to recording:
https://x.com/khalkaz/status/1909639682951954927
Speakers
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Expanding LeoDex v3 with Cross-Chain Integrations
The InLeo team is gearing up to launch the highly anticipated LeoDex v3 update, which is essentially like building a whole new app. The key focus has been on integrating support for additional major cross-chain protocols beyond just Maya, including THORChain, ChainFlip, and Rango.
With this expansion, LeoDex v3 will now allow users to seamlessly swap across all four protocols simultaneously. When initiating a swap, the interface will display the available routes, allowing users to choose the best option based on factors like price, speed, or personal preference for a particular protocol. This significantly increases the number of assets that can be traded on LeoDex, going from just what was available on Maya to now including the full breadth of assets across all four integrated platforms.
The team emphasized the benefits this brings, including more efficient swaps by tapping into the best available prices and fastest completion times across the different protocols. LeoDex v3 will essentially act as an aggregator, providing users a unified and streamlined experience to access the liquidity and features of these leading cross-chain DeFi platforms.
Evolving LeoDex Tokenomics and Revenue Model
As LeoDex scales its trading volume, the team is exploring ways to optimize the earnings for the LEO token. Currently, the affiliate fees generated are used to continuously buy LEO off the open market and permanently pool it in the LEO/CACAO liquidity pool.
However, the team acknowledged that the tokenomics may need to evolve over time as the platform grows. They are open to potentially revisiting the buy-and-pool model in favor of alternative approaches, such as a buy-and-burn mechanism or more distributed token distribution to incentivize the community. The key is maintaining flexibility to adapt the economics based on real-time indicators and community feedback.
The team emphasized that the priority right now is driving consistent, high trading volumes on LeoDex. They pointed to examples of other cross-chain interfaces earning substantial affiliate fee revenue, in the range of $30,000 to over $100,000 per week. Tapping into even a fraction of that volume could provide a significant boost to the LEO token's buying pressure and overall ecosystem.
Expanding LeoDex Functionality Beyond Swaps
While the immediate focus is on perfecting the core swap experience in LeoDex v3, the team is also exploring ways to expand the platform's functionality over time. This could include integrating features like perpetual futures, which are already in development by some of the underlying protocols.
The overarching strategy is to position LeoDex as the most user-friendly and innovative interface for accessing the growing cross-chain DeFi ecosystem. By letting the protocol teams handle the backend infrastructure and innovations, the LeoDex team can focus on crafting the best front-end experience possible.
This aligns with the team's broader philosophy of focusing on what is within their control - building great products - rather than getting distracted by politics or other external factors. The goal is to make LeoDex a resounding success that benefits the entire LEO ecosystem.