UNDERSTANDING LATTICE EXCHANGE AND THE SOLUTION IT BRINGS

aaaadeny (38)in #lattice • 4 years ago

The advent of the crypto space has made a lot of things possible such as peer-to-peer transactions, the security of personal data, transparency and accountability etc. All these are obtainable depending on what the team behind the project have in mind.
Talking about a crypto project, what makes a project outstanding? Or what makes a project worth the attention of potential investors?
These are some of the questions potential investors do ask themselves or the project team to ascertain if the project will worth their attention, money and time. But in a bid to answer these questions; when a project is capable of offering unique solutions to existing problems it will go a long way in getting the necessary attention while having everything in place to last long term. The reverse is also the case for projects which cannot offer unique solutions.

The essence of this short introduction is to draw our attention to a project known as Lattice Exchange and why it is worth the attention of potential investors.

UNDERSTANDING LATTICE EXCHANGE AND THE SOLUTION IT BRINGS

The recent growth of the DeFi ecosystem has brought a lot of attention in the crypto space thus bringing a new era in the crypto space, an era where we can see the possibilities that lie in Decentralized Finance thus knowing that it is better than Centralized finance. Also, irrespective of the significant drawbacks, challenges and limitations of DeFi for traders and liquidity providers, all the same, it is good to bear in mind that the DeFi ecosystem has made a massive record of success towards ensuring a truly decentralized financial system.

However, Lattice platform aims to bring a new and unique solution to the DeFi ecosystem, a solution that will make DeFi better, efficient and effective.

As a start, I would point out that the first move made by Lattice or the first solution brought by Lattice is to offer ways to solve the weaknesses of current DeFi projects like unfriendly liquidity etc thereby providing better liquidity, institutional-grade AMM algorithms, very fast and cheaper settlement; these are made possible via the utilization of the Constellation HGTP. Hence in so doing and by sticking to their goals and objectives, Lattice will bring about outstanding institutional-grade reliability and usability to the DeFi ecosystem.

Second; another amazing thing to know about the Lattice Exchange is that, not only will the platform utilize the Constellation protocol and its Hypergraph infrastructure, but also banks on its seed investors such as Alphabit and FBG Capital; with all these, Lattice will result to a fully decentralized application capable of bringing DeFi solution.

Third; In the crypto sphere, advanced features are always seen in exceptional projects and thus in the case of Lattice, the platform will be an advanced platform for pluggable institutional-grade order matching algorithms that are built to be asset-specific (this is also known as multiple AMMs).
In the same way, Lattice AMM based liquidity pool will also allow lenders to earn transaction fees on their deposits (or farming i.e Yield Farming).
Additionally, there will also be a smart routing algorithm in Lattice exchange to ensure efficient trade execution across different platforms.

Fourth; since the latest trend in the crypto sphere today is Defi, that means it will make sense to have an efficient platform which will ensure all necessary advancements are done. In this case, Lattice aims to bring about these advancements to existing DeFi solutions by providing better liquidity and more efficient asset-specific automated market-making algorithms sufficient enough for traders and liquidity providers. The outstanding thing about the advancement brought about by Lattice is that it will enable a good assurance in crypto asset trading and settlements mostly for DeFi projects while also advancing the blockchain industry with improved speed, scalability and cost-effectiveness.

Fifth; through using Constellation’s infrastructure as well as their protocol, Lattice will be the first DeFi project to do so. Also, it is good to know that the Constellation protocol is the first and still the only infrastructure built to mirror, integrate, and communicate with quants and equities hedge funds; these are centralized big data processing and data management solutions. Yet, despite offering services to these centralized platforms, Constellation protocol also provides the assurance, security, and immutable suitability of data involved.
Thus with this in mind, it can be seen that the Lattice Exchange via Constellation, will introduce a crypto asset trading product that moves the crypto trading venture forward.

Sixth; In the crypto sphere, everyone knows about the outstanding Ethereum blockchain and one of the prominent attributes or feature of it is that it makes it possible for upcoming potential projects to launch easily on its blockchain network before their migration as the case may be. Thus with this in mind, Lattice exchange first leverage the Ethereum blockchain for its initial development, transaction settlements and additionally, during the third phase of the Lattice development, there will be migration to the Constellation protocol.
However, considering the fact the first blockchain will be Ethereum, Lattice will ensure cross-chain bridge which will then connect the ERC-20 ecosystem with the Hypergraph ecosystem hence allowing for easy interaction.

Seventh; Much has been said about the Lattice exchange and Liquidity but how will Lattice achieve this? To achieve good liquidity, Lattice will strive to aggregate the liquidity from various existing dexes (Decentralized Exchanges) to create better pricing and less slippage for traders.
In the same way, users will be encouraged to supply liquidity to the exchange pools on the platform while earning trading fees.
Furthermore, liquidity from all over the DeFi ecosystem will be aggregated and order matching improved as well.

CONCLUSION

Constellation’s HGTP will serve a great purpose in Lattice platform, the platform also uses it as its base layer protocol, thus supporting more complex trading algorithms as well as delivering faster trades. This possibility of fast trade is owing to that fact that Constellation ecosystem supports micro-services and complex data structures for real-time trading.
Furthermore, with the Constellation protocol, Lattice will also make it easy for users to build their AMM for creating liquidity pools based on the asset type they desire for.

Just like every other cryptocurrency project, Lattice will have a platform token known as LTX. This LTX token is a governance token giving holders rights in cases of transaction fees and inflation/deflation. LTX will have a total supply of 21,000,000.