Leodex is a multi-chain swap protocol built by the inleo team and this is a great place to swap many tokens with layer 1. Now we have the option to convert hive and duo with player one points which I think is great and that we need not lose the funds for study which is another best part about it. I have used leodex for various swaps and my experience has been good. Since the team keeps adding more coins which is good and I keep trying those coins for swap to see how it works. Recently they have added HBD which is the decentralised stablecoin. For those who don't know, I would like to mention that we can earn 20% APR with HBD if we hold the coin savings with a lock-in period of 3 days. Its a great deal that should not be missed if we have an HBD balance and for more details about this you can check your peakd wallet.
Swapping HBD
I am excited to perform this swap because I am going to swap stablecoin and if everything goes well then let me tell you that from now onwards I won't be using any CeX for trade. Its because when everything is available in decentralized exchange then why would I go for centralised exchange?
I logged in to the leodex using Keystore. Now it supports metamask and XDefi wallet also but I use it because I have some funds in this those funds can be used to perform the trade. The keystone is quite easy to use and now I am familiar with this.
Now we need to select the coin which is going to be HBD in my case. As you can see in the list there are many coins and even USDT is there however its on the ETH chain but hopefully other chains should also be there soon. We need to have some ETH in the ARB chain for the gas fee and I have some gas fee so this swap should be but if in case its not done then I will convert some leo to ETH and this process is easy.
I have selected HBD and want to swap out with CACAO which is a token of Mayachain. Its a valuable coin and its doing well in the market. There is no financial advice for CACAO however I just try to have some cacao in my portfolio doing this swap will help me.
I am all set for this swap as I have selected both coins and I can also see the estimated fee which is $0.68 while I will be getting 6.06 CACAO tokens after the swap. There are many steps involved with this swap and I am not sure why it did not proceed further.
This transaction is completed now and I'm happy that it went well without any issues in the process however it took slightly more time but it is understood because there are so many steps involved in this swap.
This transaction status is showing as success and we can also verify the transition by clicking on view in explorer in more details are required but usually if the status is success then that is not required but that option is available for the user checkout.
images from leodex url
Thank you
Posted Using InLeo Alpha
