How the Lattice Exchange will Bring about Evolution in Existing DeFi Solutions
Decentralized Finance (DeFi) is a new paradigm in the global financial ecosystem. It aims to create a formidable system whereby the transacting parties needn’t necessarily be using intermediaries.
From a wider perspective, DeFi solutions are based on the essence of blockchain networks and the underlying crypto assets. A decade after the debut of Bitcoin, the leading cryptocurrency, more cryptocurrency investors are now turning their attention to DeFi crypto assets.
Following the market usurps created by supposed DeFi crypto assets like SUSHI and Yearn Finance (YFI), it is now time to correct the market. The Lattice cryptocurrency exchange is an ideal platform that will usher in a new form of DeFi solutions for the betterment of cryptocurrency investors.
About the Lattice Exchange.
Decentralized Finance (DeFi) can be widely adopted if the platforms hosting them are viable too. That informs the reason for the launch of the Lattice cryptocurrency exchange.
The platform is quite different from what we have seen on some other cryptocurrency exchanges in the sense that it uses a different network called Hypergraph. Known as the Constellation Network, it is meant to use the Directed Acyclic Graph (DAG) to organize the Lattice Exchange’s network for efficient data distribution, especially in a blockchain network.
The Lattice Exchange DeFi Solutions
The Lattice cryptocurrency exchange aims to overhaul some non-performing parts of the currency DeFi systems and replace the same with a more advanced variant.
Below are some of the ways that the current DeFi solutions can be improved by the robust Lattice Exchange:
- Pooled Liquidity
On the one hand, liquidity is essential to the growth of DeFi payment systems. On the other hand, real-time data isn’t always available on popular DeFi structures like Sushiswap and Curve.
Since that’s the case, there is a higher tendency that you will be spending and losing more money when trading on DeFi assets.
However, that issue has been addressed thanks to the pooled liquidity that is exclusive to the Lattice Exchange.
The idea here is that the new DeFi liquidity pool to be used by Lattice Exchange will run on the decentralized Directed Acyclic Graph (DAG)/Hypergraph. Through this medium, it becomes easier for the dedicated liquidity pool to run on a microservice framework and concurrent consensus.
Also, Hypergraph will be delegated to pool liquidity from other (partner) Decentralized Exchange (DEX) protocols. Such interoperability paves the way for Lattice Exchange users to have access to faster and reliable trades devoid of fluctuating prices of assets.
- Liquidity Supply: A Win-Win
When liquidity is low, there tends to be slippages and fluctuations in prices. That is why you need to trade your favourite DeFi assets on Lattice Exchange where you have access to less slippage and better pricing.
In terms of the liquidity terms, Lattice Exchange patterned it in a way that everyone will be happy.
First, as a DeFi investor, you will earn a part of the trading fees for supplying liquidity to the exchange pools. As a bounty hunter with my username as Lynkels, I can use this information to start farming DeFi crypto assets on Lattice Exchange because I am sure it will be profitable for me.
- Constellation Network to the Rescue
Lattice Exchange wants to be a better DeFi-focused cryptocurrency exchange. Thanks to the Constellation Network, the platform will now provide seamless interoperability across multiple DEX protocols.
In addition to that, Lattice Exchange creates a viable and more robust solution for DeFi assets basically because it replaces most of the downsides on the Ethereum network.
Here are some of the strategic pathways through which the Constellation Network of the Lattice Exchange is pushing the narrative for a new DeFi system in the crypto-sphere.
Advanced Nodes
If there is anything that makes the Constellation Network better than traditional DeFi platforms, it has to be the additional structures in place, of which the advanced nodes are part of it.
Worthy of mention is that the Constellation Network is based on Hypergraph, which is a decentralized Main Network (Mainnet) fully operational with 44 nodes.
Thus, maximum decentralization of transactions on Lattice Exchange is assured, especially with the onboarding of 100 functional nodes and balanced network state thanks to the limiting of rates across different decentralized nodes.
- Freemium Access
Have you always wanted to trade on DeFi crypto assets without having to pay huge on DEX protocols like Uniswap?
It is possible, especially on the Lattice Exchange where you are offered low rates and additional freebies at intervals.
Ideally, the exchange adds a fee to the network as a way of providing free transactions to you and other DeFi investors. That is in addition to the peer-to-peer payment system and the speed of scaling transactions.
Conclusion
The Decentralized Finance (DeFi) market is worth billions of dollars and the value will still surge in the coming months.
A platform like Lattice Exchange launched at a time like this will create more opportunities for private and institutional investors to take advantage of the platform to trade DeFi assets with easy.
To know more about LTX, check the links below
Website: https://lattice.exchange/
Whitepaper: https://lattice.exchange/Lattice-Exchange-Official-Whitepaper.pdf
Bounty0x Username: Lynkels
This is a sponsored article written for a bounty reward for the Lattice Exchange. My BountyOx username is Lynkels and I am confident that Lattice Exchange has what it takes to bring about more positive advancements in the DeFi industry.