LATTICE EXCHANGE: BRINGING A CHANGE IN THE DEFI (DECENTRALIZED FINANCE) SPACE

emmy92 (42)in #crypto • 4 years ago

In the cryptocurrency space today, there have been a high record of cryptocurrencies as well as blockchains. One might ask, why the countless number of cryptocurrencies and blockchains, can't few cryptocurrencies or blockchains achieve the needed results? The answer is, everyone is unique in their own way of thinking, having that mind, made a good number of developers to come up with various ideas which will push the crypto space forward, or solutions which will either solve issues in the world today or solve issues with current blockchain platforms hence making them suitable to face the reason, aims and objectives they were created for, which is still to make the world a better place.
In addition to this, where many projects are working towards payment solutions, others are working towards the healthcare industry, gaming, betting, finance, sports etc, thus confirming the statement made earlier about every developer is unique.

With this in mind, a team of professionals believes that irrespective of the current growth attained by DeFi applications, platforms or projects, if the current underlying problems such as high transaction fees, low speed etc can be solved, then a whole lot of potentials and possibilities will be achieved; these professionals created a project known as LATTICE EXCHANGE.

Lattice is totally unique from other DeFi projects, that is, where others are leveraging the Ethereum network and thus faced with high fees, slower transactions, Lattice is leveraging Constellation protocol to achieve different results.

THE EXCEPTIONAL ATTRIBUTES OF LATTICE EXCHANGE

As stated above, the Lattice platform uses the Constellation protocol; thus by using the Constellation protocol, Lattice becomes a reliable and efficient decentralized application solving DeFi problems. To make it more amazing, in addition to being based on the Constellation Hypergraph infrastructure, it leverages also the benefits from its seed investors such as Alphabit and FBG Capital.
By taking a proper look on the Lattice use case, it is a sure sign that it is on its path of evolving and improving existing DeFi solutions through providing better liquidity and more efficient "asset-specific automated market-making algorithms" capable of attracting more traders and liquidity providers.
In addition, Lattice also offers a solution which will enable a higher assurance in crypto asset trading and settlements. This solution will additionally improve the blockchain industry by making possible the advancement of financial services that are cost-effective, faster, secured, and scalable, such that traditional securities asset traders will be able to use it.
From the first two points above, it is clear Lattice is based on Constellation protocol, but however, in other DeFi projects, the Ethereum network and infrastructure is the main protocol on which many of them are being built on. By comparison, the Ethereum network is not cost-effective, that is, comes with high gas/transaction fees, lacks speed, scalability, and security of data. In addition to this, with sharding capabilities on Ethereum, their synchronous chain still posses scalability limitations which then reduces the max throughput and speed of the network.
But on the Lattice platform via Constellation’s infrastructure, it solves the limitations of Ethereum network while providing a good solution for the existing DeFi market. Also, by leveraging Constellation’s ecosystem and technology, the Lattice exchange can massively increase the market size and potential of the DeFi industry.
Thus it can't be argued that the Lattice Exchange, through Constellation protocol, will offer a crypto asset trading solution that moves cryptocurrency trading faster into the future.
Irrespective of the issues limiting the DeFi ecosystem, one can't fail to point out the fact that it has made tremendous success towards a truly decentralized financial system. Thus to ensure the DeFi ecosystem continues growing, Lattice aims to solve issue such as inadequate liquidity pool and poor AMM through using the Constellation HGTP hence providing huge liquidity, institutional-grade AMM algorithms, faster and cheaper settlement.
By so doing, Lattice brings about institutional-grade reliability and usability to the DeFi ecosystem.
Another point or feature which makes Lattice different is that it allows users to choose or to build their own AMM for creating liquidity pools based on the asset type the want.
Also, with the protocol from the Constellation team; Lattice becomes fully decentralized and governed by the token holders of the protocol which is for the benefit of the platform users. Thus, these Lattice token (LTX) governance committee is founded to process proposals and let the community vote on the proposals as well, in all transparency and accountability reigns.

CONCLUSION

Lattice is a DeFi project which aims to offer an end-to-end DeFi solution on the Constellation Hypergraph Network. Some of these solutions come in the form of an AMM based liquidity pool that allows lenders to earn transaction fees on their deposits. In addition to this, the presence of smart routing algorithm for trading across different platforms further solves the current problems of DeFi applications.

The native token of the Lattice exchange is, LTX, which is also the governance token as well as, used to incentivize trading activities on the protocol.
LTX token will also have a burn function for the transaction fees in the system thus increasing the demand of the token.