Hi everyone! If you visit Hive Engine, you will see that the tokens with the biggest swap volume are from the game Splinterlands. Now, we have them on LeoDex, allowing players and other investors to trade the tokens SPS and DEC for other L1 tokens.
In this clip:
- SPS and DEC enter LeoDex
- The Splinterlands community is very active in moving assets in and out of Hive
- Every dollar traded on LeoDex results in two dollars of volume, as it is swapped through the LEO / Swap.Hive pools and the LEO / CACAO pool
- Currently, the imbalance of the pools can be leveraged to swap at a profit
- The goal is to achieve a depth in the pools that allows for better price efficiency
- Being the most traded Hive tokens, SPS and DEC could exponentially increase the swap volume on LeoDex
Right now, the focus of both Inleo and LeoDex is on stability, but we also prioritize the incorporation of SPS and DEC, which have just gone live, and you can now start testing it.
The Splinterlands community is constantly trading assets in and out of Hive, a volume that mostly goes to CEXs. If we could capture it, the swap volume on LeoDex would grow exponentially.
For every dollar traded on LeoDex, we generate two dollars of swap volume since it moves through both the LEO/SwapHIVE pool and the LEO/CACAO pool. The current imbalance in these pools presents a golden opportunity for profit through strategic swaps.
We're setting our sights on deepening pool liquidity to enhance price efficiency. The more the pools are used, the more revenue is generated, which in turn goes into deepening the pools. So, using LeoDex now is helping you, Leo, and Hive in the long run.
Check out LeoDex, try a few swaps with SPS or DEC, and give us your feedback.
Posted Using InLeo Alpha
Are you planning on working with PeakD to add Leodex to their route tool? It's a Godsend For those of us who find it challenging to work out the most efficient way to move tokens in and out. If Leodex is shown there to be the most efficient route that would give me more confidence to use it.
I'm actually not sure what that is, never seen it
Do you have a link?
Wow. It's amazing how many great projects there on Hive that simply don't know about each other. So sad.
https://peakd.com/hive-139531/@peak.open/token-routes-a-new-economic-tool-for-hive-users
this is the initial post
Tool - https://hivehub.dev/routes
I don't play Splinterlands, but it sure was insightful to learn a little about SPS and DEC. More importantly, though, is how cool it is to see how InLeo is not only just trying to fine-tune Leodex's pool functions and stability, but also expanding by making SPS and DEC inclusive.
Awesome to hear that! Splinterlands is a really incredible ecosystem. We have a lot of dual benefits from working more closely with them and their community
Expect more!
SPlinterlands game is really amazing. A multidimensional project with so much opportunities Glad to see the beginning of these top viable communities on Hive.
I've heard that much about it, yeah. I just couldn't wrap my head around it at the time I tried. That was more than a year ago, though. Thanks, man.
This integration of SPS and DEC and LeoDex can be viewed as one of the biggest asset addition to this fresh DEX. SUrely, the volumes would grow and it's now possible to buy SPS without KYC as obtainable in CEXes.
With this integration, SPS may not be going to Binance sooner. I wish the SPL team think of adding more to the SPS pool on LeoDex.
I think SPS & DEC will have a massively positive impact on LeoDex volume and the Hive Aggregator we built
Time will tell!
@tipu curate 2
Upvoted 👌 (Mana: 40/60) Liquid rewards.
The addition of Splinterlands assets is a fantastic move!
The imbalance on the pool is often in the favor of LeoDex users, no complaints 😉
Thanks for all the updates, glad to gear up my gaming experience thanks to LeoDex 🐉
Let's goooooo. Are there talks with the splinterlands team to some how get it implemented into the game itself or some form of promotion to the players?
I've been personally thnking of of leo-themed card on Splinterlands. The collab between these two communtiies would be big for Hive.
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STOPI believe that SPS and DEC both are great additions to Leodex. Its great to see that how Leodex is adding valuable tokens.. Great going
This is huge!
A massive achievement!