The DeFi on Hive blockchain is growing steadily and TribalDex is the solution to make Liquidity Pools bridge the gap between BUY and SELL orders with as low a spread as possible. And the Leo Finance community cryptocurrency LEO is settling itself quite well in the Hive DeFi with multiple pools and others being announced. While some pools are in the beginning there is still room for the liquidity to increase, but for sure these are promising and consolidating the value that LEO holds.
LEO:HIVE is the first Liquidity Pool on TribalDex with the most liquidity reaching up to $109,069 depth which is quite healthy for anyone that wants to exchange between these assets. What is great about this pool is that is one of the LPs which has also BXT rewards which if are staked you are getting a piece of the BeeSwap exchange fees, paid in HIVE. The BXT staking APR currently stands at 50.276%.
LEO:BEE is another Liquidity Pool that offers any trader a quick way to trade between LEO and BEE, the Hive-Engine second layer utility token. This is a useful pool as it offers direct trading at the utility base level considering that LEO is a second layer token created on Hive-Engine. The depth is not substantial, but good enough for any daily trading anyone might need, and current it stands at $4,107.
LEO:CENT is another Liquidity Pool that offers both rewards at an average APR of 107.23% and also a daily bonus for long-term participation of 1%. These are some nice incentives to get into it while the liquidity is at $1,382 at the moment.
What other Liquidity Pools paired with LEO are announced?
As far as I know, ONE UP prepares to create an LP paired with LEO which I consider quite great as that should bridge a finance and gaming community altogether. And as we say in the previous ONE UP LPs, I think we might see some nice rewards on this one as well, so you better prepare some liquid funds for that.
What other Liquidity Pools paired with LEO I would like to see?
I think that we need an LEO LP paired with stablecoins and HBD should be the first option for that. With the HBD use cases increasing that could become an appealing option for many on the Hivers. Another good option would be BUSD which is quite cheap to acquire and transfer through the Binance Smart Chain.
At this point, LEO Finance expanded quite well on DeFi side on Hive and more LPs are expected to establish themselves in the space. With low spread, these are making trading more appealing and with additional rewards and bonuses for sure they will make users HODL for LONG their funds. A great space with opportunities that are expanding continuously.
Posted Using LeoFinance Beta