Introduction to the Lovely swap ecosystem
Hey there Crypto-sapiens, Otto11 here and I’d like to show you guys some LOVE!!!…haha!!
Since the dawn of DeFi projects have built infrastructures and solutions that mostly usually promise easier ways to use or be operated on the blockchain
Well, more like I have a quick question for you, which is; would you trust your heart or your mind when it comes to the following things, (a). Assets (b). Wallets and (c ). DEXs?
We are going to be looking at a project called Lovely Swap, its native coin called the Lovely Swap Token (LST), and the Lovely Launchpad.
List of things we are going to be talking about
- Introduction to Decentralized Finance (DeFi).
- What are Automatic Market Makers?
- What is Lovelyswap (Lovely Swap V3)?
- A look at the Lovely ecosystem.
Introduction to DeFi;
If we’re going to talk about DeFi we would start with what Decentralized Exchanges (DEXs) are: Decentralized cryptocurrency exchanges (DEX) are one of the many elements that make up the decentralized finance (DeFi) movement.
The DeFi movement claimed to disrupt international markets, decentralized exchanges fill this need left by the injustice in markets brought on by trading on centralized exchanges, which has reduced part of that potential.
Decentralized Exchanges (DEX), which take cryptocurrency back to its “roots,” let users carry out peer-to-peer transactions without the aid of a middleman or third party. Some users choose decentralized exchanges due to some of the problems with centralized exchanges.
And so far, DeFi has provided a more open, free, and fair financial market that is accessible to anyone with an internet connection.
DeFi Use cases-
- Asset management
- Decentralized Autonomous Organizations (DAOs)
- Lending and borrowing
- Decentralized exchanges
- Data and analytics
- Margin trading
What are Automatic Market Makers (AMM)?
AMMs are a component of the ecosystem of decentralized finance (DeFi). Through the use of liquidity pools rather than a conventional market of buyers and sellers, they enable the automatic and permissionless trading of digital assets. Users of AMM provide liquidity pools with crypto tokens, the value of which is established by a fixed mathematical formula. Liquidity pools are proving to be a key tool in the DeFi ecosystem and can be adjusted for a variety of applications.
They rely on smart contracts, a type of self-executing computer code, are used to create these protocols. Decentralized exchanges with an autonomous trading mechanism use the AMM protocol as their foundation.
What is Lovelyswap (Lovely V3)?
Non-Custodial automated market maker implemented for the multiple chains, it is a V3 swap and the first 2 versions (V1/V2) weren’t as perfect as the V3.
LOVELY V3 Swap increases capital efficiency gives liquidity providers more precise control, enhances the convenience and accuracy of the pricing oracle, and offers a more adaptable fee structure. (LOVELY V3 Swap is one of Lovely Inu Finance’s products.)
It is a peer-to-peer system designed for exchanging cryptocurrencies (BEP-20 Tokens) on the Binance Smart blockchain. The protocol is implemented as a set of persistent, non-upgradable smart contracts; designed to prioritize censorship resistance, security, and self-custody, and to function without any trusted intermediaries who may selectively restrict access.
As long as the Binance Smart Chain remains in existence, each version of LOVELY V3 Swap will operate indefinitely with 100% uptime.
A look at the Lovely ecosystem.
Lovely Swap (DEX); (Already explained).
- Lovely Inu finance ($Lovely);
The meme coin of the Lovely ecosystem with a 32.5 million market cap and a total of 60 trillion tokens in the market.
The BEP20 cryptocurrency $LOVELY was launched on the Binance Smart Chain. Comparable chains cannot match the speed and efficiency of the Binance Smart Chain. BSC has begun to emerge as one of the most popular blockchains for decentralized finance thanks to its decentralized exchanges’ lightning-fast swaps and incredibly low fees (Defi).
The BEP-20 token protocol, created by the Binance Team, is used by BSC. Known for having block speeds of 5 seconds, which are substantially faster than doge’s 1-minute block rates.
To increase community confidence and provide complete transparency, the $LOVELY Token Smart Contract completed a rigorous security examination (an Audit).
Many entirely independent fans and enthusiasts regularly update $LOVELY liquidity pools and listings on a variety of exchanges, including Bitmart, Pancakeswap, Hotbit, and others.
- Lovely Swap token ($LST);
The lovely swap token is the Utility token of the Lovely Swap V3 ecosystem, It is an asset specifically fine-tuned to tuned for traders and liquidity providers, and it works to complement the improved accuracy and convenience of the price oracle of the Lovely Swap DEX
- Lovely Wallet;
Users can send, receive, use, and store their cryptocurrency assets in Lovely Wallet, a secure, decentralized wallet that has made it possible to make the auto execution functions easier.
Through the creation and adoption of the Lovely Inu protocol, the decentralized wallet will be able to connect to different infrastructures that will be added to the trading system, and cross-chain trade will be made possible.
- Lovely Launchpad;
Initial Liquidity Offering (ILO) will be launched on this decentralized and exclusive launchpad, which would reward holders and stakers of either $LST or $Lovely assets on the ecosystem.
The Lovely launchpad would be the safest and most secure platform for cutting-edge cryptocurrency entrepreneurs, where consumers can take part in Initial Liquidity Offerings. Its added feature is its straightforward user interface, offering a completely decentralized and efficient interface and it’s being built on the Binance Smart Chain.
- Development; 40%
- Marketing; 20%
- Liquidity; 10%
- Listing; 10%
- Buy-back; 15%
- Reward Program; 5%
The $LST ecosystem is built around the following values:
$LST and $Lovely are entirely decentralized and owned by their thriving community of love. We encourage and value different viewpoints as we work to make LOVELY the best community in the crypto sphere.
The decentralized $LOVELY and $LST system is sustained by its passionate user base. We value open communication, trust, and transparency.
The bitcoin industry places a premium on trust. That entails complete transparency in all aspects of community development as well as security initiatives. The audit of $Lovely was performed by a third party, Certik.
Both $LOVELY and $LST are here to stay. In an effort to promote practical use cases that are independent of token usage, the decentralized community is encouraging and accepting the long-term development of the ecosystem and foundation.
Here I’d like to remind you guys again about the question I asked at the beginning; Would you trust your heart or your mind when it comes to the following financial decisions things, (a) Assets (b). Wallets (c ). DEXs?
I personally believe in the statement that information is key, this is why it is imperative to make detailed decisions when it comes to finances
Should I buy $LST or $Lovely?
Firstly, let me begin with a disclaimer by saying “this is not financial advice” and I implore that you “do your own research” (DYOR).
In the words of the CEO of Binance Changpang Zhao, never invest money that you can’t afford to lose.
For more information on Lovely Finance:
Telegram Launchpad- https://t.me/lovelylaunchpad
BTC talk Profile- https://bitcointalk.org/index.php?action=profile;u=2614604