The potential for LeoDex is an interesting proposition.

During today's AMA, @khaleelkazi went through some of the basics of v.3 of LeoDex. This will have crosschain swaps on 4 different protocols.

Here is where we see some major changes that could potentially being taking place. Could this be the breakthrough that Leo is awaiting?

In this article I will go through some of the benefits along with how this could alter things going forward.

What Is The Potential Of Crosschain LeoDex

Before starting, LeoDex is a service. This means Leo is starting to offer something to the general public. When it comes to the crypto world, there is a lot of hype without much building. LeoDex is a focal point of the development team.

Before going any further, let us look at the benefits.

LeoDex is going to offer these to users:

• expanded tokens that can be swapped
• the ability to select swap paths based upon either cost or time

The first is about to open up in a big way. By adding more protocols, we are looking at access to a large number of tokens. This will likely be limited to a degree by the Leo team simply due to bandwidth. However, coins such as Solana will be accessible to people using LeoDex.

Being able to choose a path for a swap is a handy feature for users. This means we are looking at the ability to opt for time or cost as the metric for the swap. It is up to the individual to decide which he or she prefers.

With the addition of other protocols, LeoDex could be tapping into swap avenues that offer tremendous pricing.

On the AMA, Khal showed a swap of ETH and BTC, $22K worth that has a transaction fee of a dollar. Even going to faster path was $43, not bad on $22K.

The Future of Crosschain

Could cross chain swaps add value to Leo?

A DEX like Uniswap has a token market cap of many billions. This is, naturally, one of the leaders in the space. That said, could be there millions to achieve through this mechanism?

The tokenomics indicate that people utilizing the service (I cannot stress this enough) means that we are dealing with fees that are used to buy LEO. At present, there is over $20K in the account, looking to buy LEO and CACOA, then lock into the liquidity pool.

These buys are staggered to prevent people front running the purchases.

When it comes to trading, the financial world has some big money. Thorchain is impressive but nothing compared to the volume some other do. If you look at a Coinbase or Binance, centralized exchanges, the numbers are staggering.

Again, is there a sliver that can be carved out?

One of the keys to the future is the evolution beyond a DEX. Swapping is fine but, to me, the real value resides in a financial network. Can other services be lumped on top to make it even more valuable?

Here is where the development by the protocols themselves enters. Each are adding more features to entice users. Leo can simply add what they create to the front end.

This is the present moment focus for the Leo team. Could this unleash much larger potential than simply a social media platform?

The next few months will give us more insight based upon the features added.