LeoDEX has been on a massive growth spurt since it became the cheapest THORChain Interface. Visit https://thorchain.leodex.io and check the price quotes to realize that it is has better pricing than any other cross chain DEX. There is no way to beat free. I have explained how LeoDEX accomplish this in a 100% sustainable way. The short answer is that LeoDEX is the product of 6 years of trying to build on chain without any VC involvements. All the years of building and continuous feedback coming from being one of the biggest DEXs utilizing THORChain + @mayaprotocol has built an extremely good UI/UX with never before seen features.
$450,000+ Trading Volume Completed
LeoDEX is not some new DEX trying to break into Chainflip ecosystem for a quick buck. The UI/UX has been improved over many months. The bugs have fixed and many new features have been added to make sure LeoDEX can shine as one of the greatest places for Chainflip swaps. Since the DEX has been working smoothly, the time has come for public promotions.
The fees earned goes into purchasing $LEO from the market for the Protocol Owned Liquidity or reward sLEO (staked LEO) holders. The team does not take a cut for themselves. The team owns the LEO like the rest of the community. This is the kind of development present in early BTC, Monero and even DOGE. The team + community wins together. The incentives are beautifully aligned.
How LeoDEX Help Chainflip
There is a free THORChain only Interface that is simple and focused. Free version will naturally lead to more users come to Premium version for the extra features such as access to more asset pairs and swapping with QR code instead of connecting a wallet. You read the last part correct and the entire process is non custodian happening on the browser using single use Keystore wallets. This is incredible innovation.
LeoDEX is not merely innovative; it is also very transparent and full of useful information. Good UI/UX does not mean the users needs to be treated as an infant. Not only traders learn about it when Chainflip has the best cross chain swap prices, the fees themselves get a full breakdown along with the route of the swap.
Growing The Pie is The Best Way
Having extra options allows individuals to adapt to varying scenarios. Providing quotes from multiple DEXs and highlighting cheapest and fastest options is a tremendous convenience to the users. LeoDEX minimize the fragmentation within cross chain DEXs. Cryptocurrency is competing with traditional finance system. Our DEX competition should be CEXs. LeoDEX embrace and support those who try to make cross chain non custodial trades as good as a CEX.
Top 10 Exchanges by Trading Volume
The following data is taken from @coingecko. Take a look at how there are 10 CEXs that handled more trading volume today than what Chainflip handled in its lifetime. LeoDEX is here to fix this. One project may not be able to outdo a major CEX in a short while. If Chainflip, THORChain and @mayaprotocol work together, we can get CEXs to bleed users and trading volume.
One Community for Cross Chain Trading
LEO is the project that is best equipped to bring all the cross chain DEX builders together. This is not merely because there is a unified interface for the 3 leaders in this niche. I would like to ask you to check out the blog section on the DEX. Where the blog comes from is very important.
Visit INLEO and play around for a while and realize that it is not some alternative UI for X. The content you see is stored on blockchain. Images, audio and video are stored as links. The text content, votes, sharing, follows, mutes and even the communities created are blockchain transactions. Do not waste your time thinking about Gas Tokens. Start using INLEO and realize how smoothly everything is working. This is a result of 6 years of building on the world's first feeless blockchain operating since 2016.
The best part is Chainflip and other cross chain communities earn $LEO when they get upvotes on blockchain. Simply engaging is enough to get a stake in LEO. Buying is optional. Find me a better collaborator for Chainflip and rest of cross chain DEXs. We are going to grow a long way together!