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

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?

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?

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.

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 or by bridging it from bLEO or pLEO or heLEO. bLEO & pLEO can be bridged to LEO via the LeoDex interface (by entering them like a normal swap). We have a tutorial below on how to bridge if you have heLEO.

You can acquire arb.eth for gas by swapping into it using LeoDex. We support hundreds of routes into arb.arth so connect your wallet and find an asset you have, then swap for some gas. You only need a few pennies worth to conduct transactions on Arbitrum.

Once you have these two things, proceed to https://leodex.io/leo.

As Easy As 1, 2, 3:

1. Connect Your Wallet and Find the Stake Tab
2. Select an Amount to Stake (or use the Max button to stake all)
3. Click Stake

DONE! It's seriously that easy.

How to Unwrap LEO to Native LEO (Arbitrum) and Stake for sLEO

If you have heLEO and want to unwrap it to native LEO on Arbitrum, follow this tutorial.

1). Go to the LEO Bridge Site: https://wleo.io/leo-arbitrum/

2). Enter Your Arbitrum Receiving Address (the one you'll use on LeoDex)

3). Enter an Amount and Click "Transfer"

Check your Arbitrum wallet and within about 30 seconds, you'll see the LEO in your wallet. If you're on LeoDex, hit the "Refresh" icon in the wallet after about 30 seconds so your balances can update.

Then, proceed with the "How to Stake LEO for sLEO" tutorial and you're all set!

How to Unstake sLEO

Again, it's as easy as 1, 2, 3:

1. Go to https://leodex.io/leo and tap the "Unstake" tab
2. Select an amount of sLEO to unstake
3. Click "Unstake sLEO"

Once you do that, you'll receive LEO back in your wallet within about 30 seconds. Click the "Refresh" icon on LeoDex if it doesn't show right away.

sLEO has:

1. No unstake time
2. No unstake fees

How to Harvest USDC

To harvest USDC, simply go to https://leodex.io/leo and find the "Your Rewards" section. Every 24 hours, USDC will accumulate for active sLEO stakers. The USDC can be harvested by clicking the "Harvest USDC" button. Harvests accumulate until they are claimed.

What POL is and How to Track it

Protocol Owned LEO (POL) is a fascinating exercise in tokenomics. We've introduced POL for the past 90 days which was using 100% of LeoDex fees to purchase LEO on a daily basis and stake it in the designated POL Vault Address.

This vault address can never unstake sLEO and it can never sell it. Now that USDC Rewards are going live, the POL will no longer be earning 100% of the USDC inflows.

Instead, POL will earn a fair share of the total sLEO USDC rewards like everyone else. It is stake-weighted so if POL owns 10% of all sLEO staked, then it will earn 10% of the USDC inflows.

Using our example from before: if $1,000 USDC per day enters the sLEO contract and POL owns 10% of all sLEO, then it will earn $100 per day.

This $100 USDC per day is autocompounding which means it is used to market swap into LEO. Then it stakes the sLEO and adds it to its balance. This creates an effect where the POL is a permanent buyer of the LEO Token. The more that LeoDex volumes grow, the more USDC is earned by POL to buy LEO the next day. POL is a snowball effect built-in to the LEO token economy. It is permanently auto-compounding and in the future, you can reliably predict that it will own more and more of the sLEO supply (which means snowballing its earnings for more and more sLEO).

We built a section directly on the https://leodex.io/leo page (toward the bottom) that tracks POL in real time. You can transparently see how much sLEO the POL holds and the rate of its growth. The page will use past history to predict future growth of the sLEO stake in POL.

This is a way to track and predict the growth of permanently-staked LEO in the POL vault. As USDC rewards grow, POL's ability to buyback and lockup more LEO grows alongside it.

What's Next?

The team has been working day and night to deliver Perpetual Futures. Perps are the biggest feature we've ever built. Period.

The success of Hyperliquid's Perps are a lens at the potential future of the LEO Token Economy. It is a moonshot, but Hyperliquid is generating $3M per day in fees from their implementation.

LeoDex doesn't aim to compete with Hyperliquid. Instead, we aim to be the ultimate source for swapping and trading all protocols. We are an aggregator for 6 Swapping Protocols right now.

With the Perps launch, we are integrating Rujira Perps. We will then integrate other DEX Perps protocols directly into the LeoDex interface. One-by-one, we will add support for all major DEX Perps. This will allow users of LeoDex to simply find the best markets for any and all of their trades/swaps.

LeoDex is on a track to become the most popular DEX Interface for swapping/trading/DeFi. We are already the #1 interface in terms of unique users across all of THORChain, Maya and ChainFlip. We've only been at this since March of 2025. We have a long road ahead of delivering bleeding edge DEX features.

With sLEO, incentives are fully aligned. Grow the DEX volume at all costs to grow the entire LEO Token Economy.

With LEO 2.0's tokenomic changes, we introduce the ability for LEO to reach Khal's $10B Market Cap Vision for the LEO Token.

1. 30M Max Supply for LEO (Fully issued and circulating today)
2. No Inflation
3. sLEO USDC Rewards for active stakers
4. POL autocompounding its USDC into more LEO (permanent buyer)
5. LeoStrategy (community-led strategy project) is acting like its own version of POL (Autocompounding all of its USDC into more LEO to grow its balance sheet)

Between all of these mechanisms and the roadmap for LeoDex ahead, the $10B Market Cap vision for LEO gets closer and closer by the day.

Questions? Comment Below!

Posted Using INLEO