LEO AMA | New LEO/USDC Pool Paying 300% APR and Zcash Hitting New Highs
Welcome back to another episode of the weekly LEO AMA! In this episode, we talk about all of the things being worked on in the LeoVerse. Lately, we've been building a lot of features for LeoDex Perps. This has absorbed a lot of team energy and focus. It is 100% worthwhile for our ecosystem. With LEO being just a $4M market cap token, we're now in the arena of much larger things when it comes to cross-chain trading.
With cross-chain swaps, LeoDex just achieved its first $10M+ month in trading volume. Incredible to see this especially with USDC rewards going live on September 23rd. Now, all LeoDex stakers of LEO earn 100% of the affiliate fees as daily USDC harvests.
Zcash (ZEC) is the #1 most traded asset on our DEX. This makes watching ZEC hit new highs even more fun. Their ecosystem deserves it and we love seeing them succeed. I am absolutely mind-blown by their success but I also know they have spent the last few years becoming an overnight success. Props to everyone in the ZEC family!
Timestamps:
02:23 New LEO/USDC Pool on Uniswap
03:57 Concentrated Liquidity Pools Explained
12:28 Increasing LEO's Visibility and Volume
17:18 Weekly Recap and Zcash Highlights
17:31 Zcash Ecosystem Deep Dive
19:14 New Charting API Release for LeoDex Perps
20:42 Leo's Mission and Recent Achievements
24:11 Surge and LEO Strategy Update
25:37 Community Q&A and Market Insights
30:39 Closing Remarks and Future Outlook
Enjoy my fellow Lions!
Posted Using INLEO
Wait… LEO is a $4M market cap doing $10M+ monthly volume? That’s a 2.5x monthly turnover ratio. For context, most DEXs in the $50M+ range barely hit 1x. This is either severely undervalued or I’m missing something fundamental here.
The ZEC dominance is the real story though. Privacy coins have been struggling to find proper liquidity venues since the regulatory crackdown, and you guys somehow became THE spot for Zcash trading? That’s not luck - that’s product-market fit.
Here’s what I’m trying to wrap my head around: You mentioned concentrated liquidity pools at 03:57. Are you using Uniswap V3’s model or something custom? Because if you’re offering 300% APR on stablecoin pairs with concentrated liquidity, the IL risk management must be insane. How are you protecting LPs during volatility spikes?
Also - and this might sound crazy - but have you considered that LeoDex might be more valuable than LEO token itself long-term? The infrastructure play here seems bigger than the token economics. Would love to hear your thoughts on this in the next AMA.
Congrats on the milestone. Watching closely.
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STOPThe Leo team are working tirelessly in making sure that it grows. As for the staking aspect, if I should stake my Leo now using keychain, what would be the APR?