When people like @khaleelkazi and @l337m45732 get excited about #leodex, it is time to pay attention. They guys do a lot of transacting on other chains and are well versed in these DEX.
I have more limited experience but LeoDex is looking very valuable to me.
I do over $500k per month in swaps between arb bots, exchanging assets across chains, etc.
A lot of this is moving to LeoDex (not all of it can until we get Thorchain aggregation online)
We need others to join in. As this happens, the market gets even more efficient and I can bring more of my volume over and so can many others who are sitting on the sidelines
The key is the initial stage of the flywheel. We need some swap volume in order for bots like mine to fill in the spaces between swaps. There are many others in the industry with even more firepower who will jump on this
I believe $SPS & $DEC will bring significant volume as I know whales who move millions per month in those assets via arbitrage. Again - they can't use the rails until smaller minnows start using the rails so they can fill in the blanks
PSA:
Get in before Khal and whales -- collect more fees 😀 🚀
I am really trying to restrain myself and stick to my plan, but it is really hard with all of these hints and reminders you keep teasing :-0
few people at this point realize the power of what we've built with #leodex, & what can literally only get better from here. the future is shining bright.
What do you see as the next phase to get excited about?
we're in the most exciting phase right now, which is HIVE, SPS, DEC on a DEX. soon HBD will be added. we just need people to talk about it and start marketing.
Agreed. Need to get the word out, especially among #splinterlands players.
They have not embraced Leo for some reason.
yeah i don't know what it is. i have a feeling once it does take off, it will be exponential.
That is a good word. We will have to keep pushing it. Sent a tweet out about it.
we need all of Hive & Splinterlands
I mentioned in a reply to the top thread - volume from arbers will flow in and create an exponential effect
But arbers fill in the blanks
We need something for them to fill in. That something is initial minnow volume. right now the volume is near-zero, so they can't move their activity over because of price inefficiency
The initial stage of the flywheel (getting the rocket off the ground) is the hardest part of this equation. Once we start getting even a few pennies of volume, you'll see it grow exponentially
Great to hear. HBD on a dex may be an attractive comparison compared to sum of these recent stable coin developments that are offering upwards of about 20% like our HBD has been for years.
Indeed! You need a little degen experience to really understand how valuable this is lol. Finding cross-chain interoperability combined with ease of use is super rare