sLEO Staking Rewards Go Live Tomorrow | Everything You Need to Know

https://img.leopedia.io/DQmbtpejAjCkVqijTvXFuNHCyAGxPxybDCQuTSN7hriB6Va/image.png Tomorrow is the big day that many of us have waited for. LeoDex's sLEO contract will begin paying USDC rewards autonomously as harvests to active stakers. Every day, LeoDex earns affiliate fees for being a DEX Interface. For the past 90 days, the affiliate fees have been accumulating LEO for the Protocol Owned LEO (POL) Fund. The POL Fund is autonomously autocompounding its sLEO reward (starting tomorrow) for more LEO. **In this blog post:** 1. What is sLEO? 2. Where Do Rewards Come From? 3. What's the Expected Yield? 4. How to Stake LEO 5. How to Unstake sLEO 6. How to Harvest USDC 7. What POL is and How to Track it ## What is sLEO? https://img.leopedia.io/DQmeaPwuMWebbHvwaCvXxHcDCJmB87eRQqsYdKfjSMwfR5r/image.png sLEO simply stands for staked LEO. We see this is the most common question asked by the community. To get sLEO, you simply stake your LEO on https://leodex.io/leo. 1 sLEO always = 1 LEO. You can unstake at any time (no unstaking period). While your LEO is staked, your wallet will hold sLEO. When you want to unstake, your wallet will burn sLEO and redeem your original LEO. ## Where Do Rewards Come From? https://img.leopedia.io/DQmdaEBFSDNKvRLBCNrFt3Yne7YtejmPhmC8D3mhGaZCJNL/image.png Rewards come from LeoDex's Affiliate Fees that are charged on every swap. The sLEO contract receives these fees as USDC. Then, active stakers can harvest these fees every 24 hours via https://leodex.io/leo. 100% of affiliate fees are paid to the sLEO contract. This makes LeoDex a unique product in the world of DEXes. There is no team designation. There is no treasury allocation. Just USDC coming in from swaps and going right to all active sLEO stakers to harvest. https://img.leopedia.io/DQmdeuFv88YGosbkZeyGn1uNYkmNHE2s8hRNE2QHxxjXtTu/image.png LeoDex charges 0.45% on every swap. We're also about to launch Perpetual Futures which we believe will be the #1 source of volume in the future. Perps offer a whole new market of users and we have been working for months on making Perps our flagship offering to the market. ## What's the Expected Yield? To anticipate the yield for sLEO, you need to consider the trading volume on LeoDex. The more swap volume / perps trading there is on LeoDex, the higher the USDC inflows to the sLEO contract. Let's assume that in the future, there is $1,000 USDC per day earned by LeoDex via our 6 Protocol Partners (THORChain, Maya Protocol, ChainFlip, Rango, Relay and Near Intents). That would mean that $1,000 per day is going into the sLEO contract and split on a stake-weighted basis. To estimate the APR per LEO staked, we need to also assume a total LEO Staked figure. Right now, there is 1.629M LEO staked as sLEO. With rewards starting tomorrow, we can predict this will increase. Let's assume there is 15M LEO staked as sLEO. This is 50% of the total LEO supply. If there is $1,000 USDC per day in rewards = $365,000 per year. If you have 10,000 LEO staked, then you have 0.066% of the total sLEO. This means you get 0.066% of the daily USDC rewards: 1. $0.66 per day 2. $240.9 per year At the current LEO price, 10,000 LEO = $1,300 $240.90 per year on $1,300 = 18.50% APR (non-compounded). Some of the top interfaces in the space are making between $3,000 and $15,000 per day in average USDC inflows from swaps-only (not even including perps). Hyperliquid (the biggest Perps DEX) is making ~$3M per day in fees from Perps. This is to say that the total addressable market (TAM) of LeoDex is absolutely massive. $1,000 USDC per day would be a drop in the ocean. As LeoDex works incredibly hard to scale up and carve out our niche, the USDC inflows per day will continue to scale as well. ## How to Stake LEO To stake LEO, you'll need two things: 1. native LEO (Arbitrum) 2. ARB.ETH (for gas) You can acquire native LEO by [buying it on LeoDex](https://leodex.io/?in_asset=ETH.ETH&out_asset=ARB.LEO-0X93864D81175 […]