Lattice Exchange — A New Paradigm of Decentralized Finance
Hello! In this article, I want to tell you about a very cool and promising project that I recently found! I studied it very carefully and I really liked what the project team is doing! And today I will tell you everything that I could learn about the Lattice Exchange project.
About Lattice Exchange
Lattice is a Decentralized Finance (DeFi) application built on Ethereum blockchain. Lattice gives users and liquidity providers the ability to use advanced AMM algorithms.
Different issues that cross section might want to settle included; expensive exchange charges, slow exchanges; brought together information handling and need security.
Lattice will be an evolution of existing DeFi solutions, and it also has the ability to include several specialized asset-specific automatic market creation algorithms. This solution will further advance the blockchain industry with improved financial instruments that are cost effective and fast, secure and scalable.
The project team saw an opportunity to re-introduce Constellation through Lattice as the first application built on Constellation. Constellation provides a faster network, zero transaction fees and cryptographic protection capabilities for more data and information than a smart contract.
Objective of the project
The goal of the project is to promote and modernize global solutions for the financial trading of cryptoassets.
Lattice aims to overcome the weaknesses of current DeFi applications with thicker liquidity, institutional-grade AMM algorithms and ultimately faster and less expensive settlement due to the use of the Constellation HGTP. Lattice will thereby bring institutional grade reliability and usability to the DeFi ecosystem.
The LTX governance token will serve to enforce policies in Lattice Exchange. It will be needed to determine LTX calculation fees, as well as farm reward structures. The governance token will not only play a role in growing liquidity, but also in the input / output mechanism.
LTX is an important asset that drives most of the value creation parameters in the Lattice ecosystem, like YFI, UNI, SUSHI and others. With increased liquidity and lower fees, LTX’s value of ownership is quite high.
LTX is paid as a pool reward (farm), allowing DAG holders to participate in Lattice’s governance and business model — thus rewarding DAG holders as well as LTX holders without diluting the DAG ecosystem with DAG airdrops.
- Phase 1
Aggregating of liquidity pools and creation of a user-friendly interface, like in Uniswap. Developers will focus on Ethereum settlements and volume capture on the Ethereum network. At this point, they will also deploy multiple AMMs dedicated to coin selection.
- Phase 2 Q1 and Q2 2021
Cross-chaining and Settlement Compatibility on Constellation Hypergraph. Individuals will be able to conduct trade settlements as well as the ability to place DAG bets.
- Phase 3 Q3 and Q4 2021
Oracalizing Trades and implementation of more sophisticated AMMs verified by the Constellation network.
I believe that this project has every chance of success and I will support it in all matters! The project team is very active in developing the project and maintaining close contact with their community! I advise everyone to pay attention to the project and study it in even more detail!
Bounty0x username: cryptogod322
Note: A sponsored article written for a bounty reward.