What is the future of LeoDex?

If I had my way, it would be a decentralized financial network that provides an assortment of services. This is something that it could potentially grow into.

The key here is not what the Leo team does. It is at a disadvantage in that it is not building anything. On this metric, we have a drawback.

That is offset, however, by the fact that Leo is not building it. Instead, the team is able to incorporate whatever developments come out of the teams working on any of the integrated protocols.

In other words, they build it and Leo integrates it.

It matters none which protocol something is built. LeoDex is a front end, tied to all three. Whether it is Maya, Thorchain, or Chainflip, any feature can be incorporated into LeoDex.

LeoDex: One Of The Leo Pillars

To me, the future of Leo is Leodex and AI. Obviously, the latter is a wider, encompassing term that can be applied many different ways. That said, incorporating AI services is going to be equally as important.

In fact, AI and the financial work together. This is something that people in Web 3.0 have to grasp.

For now, the building of LeoDex is occurring as the opportunity exists with some of these protocols.

The most recent release of the referral program means that users have the ability to spread the word, while earning part of the fees the platform generates. It is a technique that was very successful for centralized exchanges.

If we look at the snapshot on Xscanner, this is what we see for Leo:

That is another $752 filling the $LEO liquidity pool.

Naturally, we are seeing some inconsistencies. This is bound to happen, especially with such light volume. A couple major trades can change everything.

Financial Network

As stated, the goal should be to make LeoDex a full blown financial network. DeFi is starting to expand its tentacles. Staking, collateralization, and lending platforms are just a few of the ideas being bantered about.

If crypto is going to legitimately take on the traditional financial system, real world services need to be offered. This can be tied to crypto, as opposed to traditional assets, yet has to be offered.

What this means is developing high quality collateral along with other components that an advanced system requires.

This is what I mean by a pillar. We are looking at the onset of crypto expansion. The headlines basically focus upon centralized crypto, what is being done by companies such as Coinbase. This is nothing more than Wall Street asserting more control.

To combat this, DeFi platforms have to crop up. None have to rival the big players in size. Instead, the goal is to top them collectively.

That is where major change comes from.