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SPS & DEC | The Top Traded assets of Hive are Now Live on LeoDex

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khaleelkazi
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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