L1 Swaps Coming to HIVE This Week | Trade HIVE with Bitcoin, ETH and More
Our team has been in absolute overdrive mode. We've spent the last few months coordinating and organizing for this moment.
The level of marketing and building that has been happening for this is truly astonishing. I am honestly surprised that we've made this happen and genuinely so happy to see what comes next.
L1 Native HIVE Swapping is About to Be a Reality!
This is a moment I've been waiting for for over two years now. I've wanted HIVE & HBD to get listed on DEXes all over the place.
HIVE is down to just a handful of CEX listings. Binance being the biggest. Binance already removed HBD from trading. I believe that it is an existential threat to be reliant on Centralized Exchanges.
As a Hiver since the early days of the legacy chain, this has become a mission for me. The INLEO team has tried many iterations to get to this point but we finally have built something that will enable base-layer, native swaps with HIVE.
- No Wrapped tokens
- No KYC
- Full Self-Custody
- Incredibly Fast
- Efficiently Priced
Introducing LeoDex
LeoDex is our brand new interface for the world of cross-chain swaps. It is powered by Maya Protocol and our brand new Hive Aggregation Technology (HAT), more on HAT later.
LeoDex allows you to seamlessly swap any L1 asset that is supported by Maya Protocol, our Hive Aggregation Technology and soon Thorchain & ChainFlip assets as well.
The swapping process is incredibly intuitive. I have already beta tested this UI in front of a few different people who are deeply familiar with Maya Protocol and Thorchain and asked for feedback. Multiple people have said it is the cleanest, simplest and most intuitive interface they've ever seen for Maya and Thorchain.
I am truly excited about what this means for onboarding new Hivers, building a thriving ecosystem for LEO and delivering a bright future for DEX trading with Hive-based assets.
Timeline for Launch
Our timeline is largely dependent on the Maya Protocol team right now. They are currently pushing a v109 upgrade to their protocol. In this 109 upgrade, two critical things are happening:
- They are integrating Arbitrum as a blockchain for swaps
- They are listing Arbitrum LEO as a tradable asset on Maya Protocol
We will be the first Arbitrum Token to get listed on Maya Protocol and I believe this positions us extremely well to absorb early liquidity and swap volume.
The current timeline positions a possible launch window for LeoDex on Monday, April 8th around 10AM EST - right before the Monday's with Maya X Space.
When LeoDex goes live, the LEO-CACAO pool will immediately go live as well.
Within a few hours (let's say 24 hours, to be safe), HAT will go live. HAT going live will enable HIVE to be traded with any L1 assets on Maya Protocol.
We are also working with a few other Hive teams to get other Hive-based assets live on the HAT rails. This would enable them to be swapped with any L1 assets on LeoDex as well.
HIVE will be first and likely live by Tuesday, April 9th. HBD will follow closely behind. Then other Hive-based assets as well.
Hive Aggregation Technology or HAT
A major roadblock in L1 native swaps is that you need to have some kind of blockchain-based connection. Without that connection, L1 swaps can't happen. This is a major reason that HIVE & HBD aren't listed on L1 Dexes already.
LEO getting listed on Maya Protocol opened the gateway for us to build what we are calling "Hive Aggregation Technology (HAT)".
HAT allows you to swap HIVE and any supported Hive-based assets with anything listed on Maya Protocol. We will also be integrating with Thorchain and ChainFlip in the near future which will open the gateway to even more L1 assets being instantly tradable with your HIVE.
Aggregators have made a big splash in the L1 DEX world. Maya Protocol is actually currently working on an aggregator for Maya-Thorchain.
We just built one for Leo-Hive and we're calling it HAT. This will allow you to seamlessly swap with any L1 native assets using your native HIVE (and later on, your HBD and other Hive-based assets as well).
We posted this demonstration video on X yesterday which shows a walkthrough of an L1 HIVE swap to any other asset.
It shows HIVE being swapped through the HAT rail and output to any L1 asset (for example, Native BTC, ETH, RUNE, DASH, USDT, etc.).
The Potential Market
The current market cap of HIVE is roughly $169M. The estimated monthly trading volume is $73M and 76% of this monthly volume originated from the Binance HIVE/USDT CEX listing.
Our goal is to capture at least 10% of this market by 2025 using the HAT protocol and LeoDex interface that makes it seamless. This would be roughly $7.3M trading across the HAT rails each month.
As I said in the beginning of this post: the importance of this is far beyond just another listing for HIVE.
This is THE listing for HIVE. This is the moment when HIVE steps away from CEXes and builds its first base of significant trading volume on L1 DEXes.
We all know how bulletproof HIVE is. We've seen and first-hand experienced attacks from all angles.
Being on as many DEXes as possible and being able to trade with size is vital to the future of HIVE. I believed this ever since the incident that created HIVE 4 years ago. This is mission critical to me.
Marketing and the DHF
We've spent the last few months figuring out how to market this launch to the world of L1 swaps.
The amount of work and resources that we've poured into making this happen is astonishing. It's taken so much to get to this point.
Hive Keychain is the exclusive Hive-based wallet option to connect to LeoDex and we will also be working with the Keychain team to onboard more users into the Keychain Extension.
Maya and Thorchain possess tens of thousands of Monthly Active Users. Those users are HEAVY HITTERS in the crypto space. They are transacting BILLIONS (yes, billions) of dollars on a monthly basis. Thorchain swapped $10B in the month of March.
I believe Maya will catch up to this TX volume. The future of Maya Protocol is extremely bright and I want to position not only LEO but also HIVE in front of the masses who are flooding into the space of L1 DEXes.
If you believe in this mission - of putting HIVE in front of thousands of new potential users as well as whales who have billions of dollars to potentially invest in the future of Web3 - then consider supporting our DHF Proposal https://peakd.com/me/proposals/269.
The DHF proposal plays a key role in proliferating HIVE and getting in front of this audience. Ironically, our proposal just went under the funding line by only 3.5M HIVE POWER just days before we have the biggest marketing launch in Hive history.
We are so excited about what LeoDex, LEO, HIVE and our new HAT protocol are going to accomplish over the next 48 hours as they finally go live into the universe.
Join us on this journey. Get ready for L1 native swapping with HIVE.
Posted Using InLeo Alpha
Posted Using InLeo Alpha
Extremely bullish! Can't wait to try it out.
Inleo making nothing but the right moves 💪
HAT will be providing 2 important sources that we need for Hive ecosystem: Liquidity and Recognition via Thor power.
The addition of HBD will introduce a promising stablecoin that yields 20% for Thor community. I'm sure we will get some appreciation from them 😉
It looks like very positive changes are coming for the ecosystem. Thank you inleo team, you are doing an amazing job
A big shout out to our newest big boss where de shake table. With joy in our hearts we really appreciate and accept this new initiative
Exciting times, indeed!
I feel very hopeful that something positive will grow and thrive out of the dust left by the CUB Defi experiment (just burned mine yesterday) that will help INLEO/Hive become more widely known.
=^..^=
I was waiting for a THORChain integration for $HIVE for many years. Maya Protocol did not even exist at the time. I wanted to see a HIVE-RUNE LP. This is not the way I imagine the DEX listing to happen. But it is the DEX listing I wanted to see for many years! Thank you so much for making this happen. @leofinance team single handedly change the future of HIVE with this launch.
This is a revolution for Hive where we don't need to go through CeX. Great work done by Leo team.
Absolutely big development! Thanks for putting this together
@tipu curate
Upvoted 👌 (Mana: 65/75) Liquid rewards.
Great news. Is this the reason why LEODEX does not work for a while?
The old LeoDex no longer exists. We deleted the code base. There’s no use case for another HE interface.
LeoDex is being (re)launched as an entirely new app built from scratch.
It’s a cross-chain DEX. I’d recommend reading the above post. You can also go back to the latest AMA and content over the past 2 weeks talking about LeoDex’s launch
I see. Thanks for the update.
We have you guys all set up and ready to go on the Arbitrum DEX whenever you get some liquidity going!
Congratulations....sounds like a lot of progress is being made.
Do you know if Stellar's Lobstr Wallet is in your future plans?
I tried sending Hive and BT C to Tribaldex from Ionomy ....no success unfortunately....Ionomy seems to be locking up funds at the moment.
Any recommendations for best way of obtaining HIVE....How does one get on LeoDex? I looked at Simple Swap...however I did not see HIVE as an option.
Thank you for your time.
once LeoDex is live, you’ll be able to connect and swap the major L1 assets directly for HIVE.
Imagine your BTC or ETH -> HIVE with no CEXes in the middle
This will be live and scalable by next Tuesday
Insane Change, great to see a huge change is coming and it's too far at all ;)
Great job by the team for putting this together. 😀
Excellent work Leo Team!
Great and exciting news, hive/leo on to the moon!!!
Great job! I want to reward you so much! Maybe I will buy up 10000 LEO soon! :)
This is a mega launch, I dare say it is one of the most important I have seen in a long time around the "Marketing of Hive", this is an effort that will see thousands of dollars fluctuating in and out of Hive, the fact that you can exchange Hive, HBD, LEO and surely many other tokens, for L1 cryptocurrencies is impressive, an exceptional job.
Already voted the proposal.