Threadcast link:
/@khaleelkazi/re-leothreads-2o7nsgb3w?referral=khaleelkazi
Link to recording:
https://x.com/khalkaz/status/1922327155377049856
Speakers
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Recap of Recent Market Movements
Khal began by providing a high-level overview of the current crypto market conditions. He noted that Bitcoin is trading around $104,000, while Rune has nearly doubled off its recent lows and is now over $2. Khal expressed optimism about the performance of the broader cross-chain ecosystem, including projects like Thorchain and Chainflip. He highlighted how the successful launch of TCY has been positive for the Rune token and the overall Leo ecosystem.
Updates on LeoDex Development
Khal then dove into the recent progress and new features added to LeoDex, the decentralized exchange built by the Leo team. Over the past week, LeoDex has rolled out a number of significant updates, including:
TCY Dashboard
LeoDex was the first platform to support the claiming and swapping of TCY tokens on launch day. Khal shared details on the new TCY dashboard, which allows users to view their TCY balances, staking/unstaking, reward history, and global TCY statistics.
Referral System
LeoDex recently launched a new referral program, where users can earn rewards in RUNE, CACAO, and USDC by referring others to the platform. Khal explained the mechanics of the referral system and noted that the first round of referral payouts will occur on March 15th.
Upcoming Features
Looking ahead, Khal discussed several new features in development for LeoDex, including:
- P&L Tracking: The team is building a comprehensive profit and loss (P&L) dashboard, allowing users to track the performance of their TCY and other asset trades.
- Cross-Chain Swap Channels: Khal mentioned plans to create a "swap channel" feature, enabling seamless swaps between assets on Thorchain and Maya.
- Wallet Integrations: The team is working to add support for Vaultysig wallet, which should be live within the next 24 hours.
Khal emphasized the importance of user feedback in shaping the development roadmap for LeoDex, encouraging the community to provide both positive and negative feedback to help improve the platform.
Positioning LeoDex in the Cross-Chain Ecosystem
Khal and Task discussed LeoDex's unique position in the cross-chain DeFi space, highlighting the team's long-standing experience in building crypto applications and the existing Leo community. They noted that LeoDex is not approaching this as a standalone DEX, but rather as a financial platform that can integrate various cross-chain protocols and features.
The goal is to make LeoDex the premier user interface for accessing the growing cross-chain ecosystem, with a focus on providing an exceptional user experience and supporting emerging innovations like derivatives, lending, and yield products.
Conclusion
Khal concluded the discussion by reiterating the team's commitment to rapid iteration and continuous improvement of LeoDex. He expressed excitement about the platform's future potential, particularly with the addition of new features like P&L tracking and cross-chain swap capabilities. The Leo community was encouraged to stay engaged, provide feedback, and help drive the growth of the LeoDex platform within the broader cross-chain DeFi landscape.