How to participate and earn cryptocurrency tokens in the new listing of wleo (now aLeo) on Cacaoswap.

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(Edited)

A New Leo Journey

  • The founder of InLeo @khaleelkazi announced during the last AMA a new exchange listing for Leo token, on an cryptocurrency exchange called Cacaoswap. The listing is a trading pair wleo-cacao. This announcement contained a request that all Inleo Community Lions who are able provide liquidity for this trading pair.
  • wleo is a wrapped version of the Leo token on the Ethereum blockchain.
  • This post explains what a wrapped token is, what wleo is, where you can buy it, and where you can buy cacao token.
  • This post also explains how to provide liquidity to this pair through the POOLS section of Cacaoswap.
  • **Most importantly **this post explains where to get a wallet, which can hold both these tokens. If you skip this step you will lose your tokens and lose your money. Lastly this post explains what it means to "provide liquidity" to the swap pair wleo-cacao.

Please provide liquidity to this new trading pair

  • Cacaoswap is a new cryptocurrency exchange, which is listing for Leo token, as a trading pair wleo-cacao. [Now aLeo on arbitrum]
  • You will earn money by providing liquidity to the wleo-cacao trading pair.
  • Providing Liquidity mean you deposit one or both** wleo and cacao** tokens into the trading pair; wleo-cacao via a section of the Cacaoswap webpage called POOLS.
  • Then you earn a commission everytime someone buys wleo or cacao from the trading pair wleo-cacao on Cacaoswap.

Why is it good to have Leo listed on Cacaoswap on the Maya blockchain?

  • @khaleelkazi gave many reasons for this move and it’s best to listen to the AMA, at this Link.
  • I believe it provides visibility for the token, the Inleo community, the Hive Community and provides a trading route from Maya to Hive.

wLeo

  • The token wLeo is a so called wrapped token representing the value of the Leo token on the Ethereum blockchain.
  • In order to understand all this you must understand crypto tokens are blockchain specific, and exist only on their blockchain.
  • For example, the bitcoin token exists only on the Bitcoin blockchain.
  • The hive token exists only on the Hive blockchain.
  • The Leo token exists only on the Hive-Engine blockchain, which is technically a “side-chain” of Hive.
    Note yesterday during the AMA Khal changed from wLeo on Ethereium to a new token aLeo on Arbitrum due to fees on Ethereum being to high.

Wrapped Tokens

  • Some blockchains allow you to MINT or create new tokens on the blockchain, which represent the VALUE of a token from ANOTHER blockchain, on that blockchain. For example bitcoin is a token on the Bitcoin blockchain. There are tokens on the Ethereum blockchain, called WRAPPED bitcoin or Wbtc, which are tokens on the Ethereum Blockchain which represent the VALUE of bitcoin tokens from the Bitcoin blockchain on the Ethereum blockchain.
  • So @khaleelkazi MINTED wLEO tokens on the Ethereum blockchain, and they represent the VALUE of Leo on Ethereum. These are WRAPPED Leo called WLEO just like Wbtc is called Wrapped bitcoin.

How to buy and deposit wleo and cacao in the New Listing

  • The new listing for Leo on the crypto exchange Cacaoswap is a trading pair WLEO-CACAO. Note yesterday during the AMA Khal changed from wLeo on Ethereium to a new token aLeo on Arbitrum due to fees on Ethereum being to high.
  • When it occurs you will find it in the Pools section of the cacaoswap website.
  • So you need a wallet to hold them both.
  • I normally hold Wrapped Leo in my MetaMask wallet, for Ethereum tokens, but I needed a new wallet to hold both Cacao and WLEO.
  • After speaking to @edicted and @tokenizedsociety I decided to go with the x-Defi wallet.
  • I downloaded it from the website, then I sent some ether there from another wallet. x-Defi Wallet
  • Then I went to the Uniswap website, opened the application, and found the wLeo-eth trading pair, and bought some wLeo.
  • Then I disconnected my wallet from Uniswap.
  • Then I went to Cacaoswap and connected my wallet.
  • Then I found a cacao-eth trading pair, and I swapped ether for cacao.
  • Now I have wleo and cacao in the same wallet.
  • When Cacaoswap lists the wleo-cacao trading pair, I will connect my wallet to Cacaoswap, click POOLS, look at the list for the WLEO-CACAO pair, or type in the trading pair wleo-cacao, and add equal dollar amounts of both to the pair. this is called providing LIQUIDITY.
  • Nifty says You can deposit asymmetric amounts also, but with possible slippage.
  • Then I will earn passive income anytime someone uses this trading pair to buy wleo or cacao. Note yesterday during the AMA Khal changed from wLeo on Ethereium to a new token aLeo on Arbitrum due to fees on Ethereum being to high.

Next

  • You can now relax and make money whenever someone comes to Cacaoswap to trade.
  • Your tokens may also increase in value while in the pool, so you could earn both APPRECIATION or increased price and TRADING COMMISSIONs from your participation.

Maya Protocol Announcement on Twitter

  • The great thing is that the Maya Protocol has announced the listing of the token on Cacaoswap via X! link

Risks

  • There is a chance the tokens will decline in value, or one could increase and the other decline. Price is unpredictable, but in general things move in a positive direction. It is extremely important that you keep track of the value of both tokens and remove your deposiotied tokens if the price drops significant to stop losing money. You shold go into this with a plan to remove your liquidity if the token appreciates a certain amount, an amount your decide or remove your tokens if the price declines a certain amount.
  • Realize that volatility is common, and only you can decide how much loss you are willing to take before removing your coins. It is possible the price will go up and down.

Alternative way to provide liquidity

  • If you decide to provide Liquidity after the listing opens you could participate another way:
  • Down load the x-Defi wallet or another wallet, which can safely hold both tokens wleo from Ethereum and cacao from Maya.
  • Send ether to this wallet, and connect to Uniswap, and buy twice the amount of wleo which you want to deposit into the wleo-cacao trading pair.
  • Remember you want to deposit equal dollar amounts of each in Cacaoswap.
  • The disconnect from Uniswap and connect this wallet to Cacaoswap.
  • Click POOLS
  • Find the wleo-cacao trading pair and use one half your wleo to buy cacao. Note yesterday during the AMA Khal changed from wLeo on Ethereium to a new token aLeo on Arbitrum due to fees on Ethereum being to high.
  • This gives you equal dollar amounts of both wleo and cacao.
  • Find the add liquidity section on cacaoswap, and then add equal dollar amounts of both wleo and cacao to the trading pair.
  • In exchange you will be given Liquidity Provider Tokens for this pair.
  • Keep these safe, as they are your receipt for the tokens you just deposited.
  • Now relax and earn tokens from other peoples trades.
  • But once again, check the value of the tokens twice a day and be prepared to withdrawal and sell them for a profit, when they hit your predetermined value.
  • Additionally be prepared to withdrawal and sell them when they hit your predetermined value if the token falls.
  • Some investors only invest an amount they can afford to lose and they deposit with a goal of just being a longterm supported of the trading pair, and never sell.
  • Others deposit thinking the tokens will go up and down, but overtime they will appreciate and they just hold the tokens regardless of price or value.
  • That's a decision only you can make, based on your financial situation.

Other Articles by Hive and Inleo Community Members about Maya, Cacaoswap and this wleo-cacao pool:

Getting Started with Maya Protocol | wLEO-CACAO Listing

by @l337m45732 https://inleo.io/@l337m45732/getting-started-with-maya-protocol-wleocacao-listing

wLEO Maya Listing + Cub Sunset

by @edicted https://inleo.io/@edicted/wleo-maya-listing-cub-sunset

LEO Token Listing on Maya Protocol

By @alokkumar121 https://inleo.io/@alokkumar121/leo-token-listing-on-maya-protocol

Beyond Our Borders: LEO is Getting Listed on the Maya Blockchain

By @khaleelkazi https://inleo.io/@khaleelkazi/beyond-our-borders-leo-is-getting-listed-on-the-maya-blockchain

If you see other articles please add them in the comments below, and I will add them to this article.

  • Thank you for reading, please comment below.

The End

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via a section of the Cacaoswap webpage called PROVIDE LIQUUIDTY.

CacaoSwap does not have liquidity pool features yet. Hopefully will be added soon, but for now LP can be managed through a number of different front-ends like El Dorado or Thorwallet DEX.

you could also deposit asymmetrically into the wLEO-CACAO pool to eliminate a step if you're comfortable with potential slippage.

i highly recommend reading through all of my Maya Protocol related articles.

https://inleo.io/@l337m45732/getting-started-with-maya-protocol-wleocacao-listing

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  • Thank you @I337m45732 for the feedback.

  • I changed the word LIQUIDITY POOLS to POOLS to match what is available at CACAOSWAP.

  • Have you deposited in the POOLS before?

  • Do you know if we receive Pool Depositor tokens after we deposit funds in the pools at Cacaoswap?

Thanks.

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yeah, I've been in Maya liquidity pools since launch over a year ago. you don't receive LP tokens like you do when providing liquidity on something like uniswap.

native funds are deposited and linked to your wallets.

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Please explain how you unwind your Thorchain Lending position. If I deposit 0.1 Bitcoin worth 6500 and Borrow 1/2 it's value 3250 in USDC, and the price of Bitcoin goes to 13000, do I have to repay the 3250 before I can access any of the BItcoin in the Vault? Or can I now with draw 1/2 of it as it becomes excess collateral?

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I asked this to some people on TC bc I haven't unwound a loan yet

They told me there is 1 TX in 1 TX out type of management for vaults

So basically, you open a loan and the only management you can do is close the entire loan. So you'd have to pay the entire 3250 and then get back all of your BTC afterwards

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Notes from Docs:

  • Instead of limit-order books, MAYAChain uses **continuous liquidity pools **(CLP). The CLP is arguably one of the most important features of MAYAChain, with the following benefits:

Provides “always-on” liquidity to all assets in its system.

Allows users to trade assets at transparent, fair prices, without relying on centralised third-parties.

Functions as source of trustless on-chain price feeds for internal and external use.

Democratises arbitrage opportunities.

Allows pools prices to converge to true market prices, since the fee asymptotes to zero.

Collects fee revenue for liquidity providers in a fair way.

Responds to fluctuating demands of liquidity.

  • The slip-based fee model breaks path-independence and incentivises traders to break up their trade in small amounts.
    For protocols that can't order trades (such as anything built on Ethereum), this causes issues because traders will compete with each other in Ethereum Block Space and pay fees to miners, instead of paying fees to the protocol.
    It is possible to build primitive trade ordering in an Ethereum Smart Contract in order to counter this and make traders compete with each other on trade size again.
    MAYAChain is able to order trades based on fee & slip size, known as the Swap Queue. This ensures fees collected are maximal and prevents low-value trades.
  • Impermanent Loss Protection
    Impermanent Loss Protection ensures LPs always either make a profit, or leave with at break even after a minimum period of time (set at 100 days), and partially covered before that point. This should alleviate most of the concerns regarding become an LP.

MAYAChain tracks a member's deposit values. When the member goes to redeem, their loss (against their original deposit value) is calculated and is subsidised with CACAO from the reserve.bold

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Notes from the Docs: Rewards

  • The liquidity provider is allocated rewards proportional to their ownership of the pool. If they own 2% of the pool, they are allocated 2% of the pool's rewards.
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Impermanent Loss Protection

  • Impermanent Loss Protection ensures LPs always either make a profit, or leave with at break even after a minimum period of time (set at 100 days), and partially covered before that point. This should alleviate most of the concerns regarding become an LP.

MAYAChain tracks a member's deposit values. When the member goes to redeem, their loss (against their original deposit value) is calculated and is subsidised with CACAO from the reserve.

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Hey thanks!
I had missed this totally!
Not sure if I can do it, but I will keep this in mind

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Youir welcome, this platform is full of investment opportunities.

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