In the AMA this week, we got a lot of questions about the upcoming USDC rewards on LeoDex. By being an active LEO user, you can participate in USDC harvests on LeoDex through the autonomous DAO contract.
This contract is called "sLEO" which stands for Staked LEO.
Simply put, you can stake your LEO into this contract on https://leodex.io/leo and participate in the platform / earn USDC from harvests.
On this page, you'll also see LeoDex's volume and other key metrics surrounding the LEO Token Economy like how much LEO has been burned by Bridge Wrapping Fees.
In this clip, we're also asked about the LeoBridge Wrapping Fees. 100% of wrapping fee revenue burns LEO tokens permanently from the supply. LEO has a fixed supply of 30M tokens. They are fully issued and this supply dwindles every day from burning activities both on LeoDex and on INLEO as well as the LeoBridges.
There are a handful of mechanisms that effectively earn LEO and burn it to permanently remove it from the supply.
Posted Using INLEO
It there a way to see how much LEO has already been burned? Is it being burned on Arbitrum, Hive, or both?
Still trying to load my SURGE bags and here you charge my heart to go for more LEO. Why do you create so many opportunities in the LEO economy?
Great amazing very interesting