Threadcast link:
https://labs.inleo.io/threads/view/khaleelkazi/re-leothreads-6muonkey
Link to recording:
https://twitter.com/i/spaces/1LyxBnrbYVOxN
Speakers
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Here is a detailed summary article about the LeoDex launch party Twitter/X space episode:
LeoDex Launch Brings New Decentralized Trading opportunities to Hive ecosystem
The official launch of LeoDex, the decentralized exchange built on the Maya Protocol, was the focus of a recent Twitter/X space hosted by InLeo. The episode provided a comprehensive overview of the new platform and its integration with the Hive blockchain.
Overcoming Delays and Launching LeoDex
InLeo's CEO discussed the timeline for the LeoDex launch, which faced some delays due to the rollout of v109 on the Maya protocol taking longer than expected. However, this extra time allowed the team to make significant improvements to the LeoDex user interface, with updates being pushed multiple times per day leading up to the official launch.
The launch process itself had some unique challenges, as the Maya Protocol required the initial seeding of trading pools before enabling trading. This led to a multi-day process of seeding the LEO/CACAO pool, testing Arbitrum swaps, and gradually refining the platform.
Integrating the Hive Aggregator
A key feature of LeoDex is the Hive aggregator, which allows users to seamlessly swap Hive and other Hive-based assets like HBD, SPS, and DECS directly on the decentralized exchange. This integration was a major focus, as the team worked to ensure the Hive swaps were functioning properly before expanding to other trading pairs.
The CEO highlighted the potential impact of the Hive aggregator, noting that capturing just 10% of Hive's current centralized exchange trading volume could make LeoDex the top-ranked decentralized exchange on the Maya Protocol.
Encouraging Community Participation
To drive adoption and liquidity, the team plans to launch a volume-based airdrop program, rewarding users who actively trade on LeoDex. The CEO also emphasized the importance of community-created tutorials and content to help onboard new users and showcase the platform's features.
Additionally, the team is exploring opportunities to collaborate with projects built on Arbitrum, as any tokens listed on Maya can be integrated into LeoDex, potentially bringing new users and trading volume to the platform.
Focusing on Stability and Usability
For the immediate future, the LeoDex development team is prioritizing bug fixes and stability improvements over new feature additions. The goal is to minimize any user-facing issues and create a reliable, user-friendly experience before expanding the platform's capabilities.
The CEO shared metrics on the team's progress, noting that the time between user-reported bugs has already tripled, and the aim is to reach a point where users can go three hours without encountering any problems.
Overall, the launch of LeoDex represents a significant milestone in the Hive ecosystem's journey towards decentralized finance. By integrating Hive and providing efficient cross-chain trading, the platform has the potential to capture a meaningful share of the Hive community's trading activity and drive further adoption of decentralized technologies.
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