RE: The LEO / CACAO Pool Could Become the Most Rewarding on Maya Protocol
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I think this is an important pont, which is missed by many people. If Hive was on common centralized exchanges, which also serve as onramps and offramps people would be more willing to invest capitol in Hive knowing that the path to remove capitol from Hive or at least earnings from capitol on Hive. Hive would have a better chance to grow.
Now with DEXs we have other options for onboarding people to Hive through their Bitcoin, Ether and USDT or USDC. These are easy tokens to purchase with fiat from so many sources, plus many wallets now allow onboarding of capitol through wallets, so this dex provides a direct route off HIve for now and a direct route onto Hive in the future.
The rise of dexs and onboarding capitol through wallets makes Centralized exchanges less vital and reduces the choking effect centralized exchanges unintentionally put on altcoins by not listing them.
I hope more hivers wake up and stop using CEXes without at least quoting out a swap on LeoDex first. Using L1 DEX rails is always superior from a safety and longevity standpoint
We're working hard to deepen the aggregator so that swaps are actually more price efficient when they're done on LeoDex as well
I keep writing about it, so I hope people will read one of my articles and have that light bulb moment, when they realize the value of Leodex.
I even started a contest to draw more attention to the subject and the dex!
I think that if enough people write about it and talk about it, people will eventually get the point.
Awesome work telling people about it! I appreciate it, keep it up 🦁