LATTICE EXCHANGE: An Evolution To The Problems Of DeFi Products!

Blockchain technology has open the window for a fresh era of advancement in a lot of industries and institutions, particularly the financial institutions. Blockchain technology and it fundamentals have brought about the birth of many sustainable organizations and institutions, fundamentals such as smart contracts that are powering a revolutionary decentralized finance (DeFi). DeFi has grown and drawn a lot of attention from the last couple of months, DeFi was reported to have attracted a market capitalization of over 10 Billion dollars, where about 9 Billion dollars is reported to be staked as tokenized value.

However, despite all the growth and development of DeFi, most of the DeFi products suffer from a number of setbacks, setbacks such as scalability, network speed and cost of transactions on their networks. These are a major setbacks which are causing a serious concern among users from everywhere around the globe. Constellation Protocol is an alternative to solve these DeFi setbacks and present users with a convenient network experience.

CONSTELLATION PROTOCOL AND LATTICE EXCHANGE

Constellation protocol is a blockchain powered ecosystem that is designed for the facilitation of secure communication between different blockchain applications, these communication will be carried out via what is termed to as tokenized data. Basically, constellation network ecosystem is designed for everyone around the world to utilize for producing, storing and manipulation of data for better experiences.

Lattice Exchange, a revolutionary DeFi centered cryptocurrency exchange that is powered by the constellation network protocol. Lattice exchange decided to utilize the constellation protocols’s infrastructure because of the fact that it provides a very good solution to the limitations that are embedded in the Ethereum protocol. Lattice exchange will utilize the constellation network to penetrate and capture a huge market share with the following features;

• Scalability: Lattice exchange being powered by constellation network will allow for the exchange capability to accommodate any size of concurrent utilization while providing a swift and appreciable user experience.

• Security: The exchange will provide clients with full asset and data security. Assets are held in secure smart contracts while data are collected and stored in the decentralized constellation network’s protocol so as not be destroyed or farmed by anyone.

• Network Speed: The exchange will utilize the constellation infrastructure’s database, this will allow for fast transactions on the network.

• Transaction Cost: The constellation ecosystem features a free network transactions, this is one huge fundamental of the constellation network that will attract a huge user and project base

HOLISTIC VIEW ON CURRENT DEFI PRODUCTS

A wide majority of the current DeFi products are designed to receive exchange liquidity from the injection of different assets in the form of an onchain pools, this techniques has a lot of lapses that Lattice exchange is keenly inclined to seeing that it is been address by creating a better operation that will upgrade the system.

THE LATTICE EXCHANGE APPROACH:

Lattice exchange want to bring an evolution to the DeFi space. Lattice is utilizing the ethereum blockchain for the minting and development of the Lattice exchange’s utility operations. The exchange will introduce a cross-chain liquidity injection, this will greatly improve DeFi experience and will bring about price stability for clients.

Every user can easily inject liquidity from across chain and they will be receiving their commission from the fee realized from the pool. Lattice gives users the advantage to create pool based on asset type for different pool to have access.

LATTICE EXCHANGE TOKEN ECONOMICS

Lattice exchange has it utility token that is for now minted on the ethereum network with the symbol ‘LTX’. The token is minted to serve primarily as governance token and for the facilitation of operational activities within the project and exchange ecosystem.

The token has a burn feature implemented, this will do well in the long run by steadily increasing the asset value. A stipulated 0.03% of every transaction will be charged as fee, although this is subject to changes by the governance committee.

PROJECT PARTNERS

SUMMARY

BlockChain technology development is at a fast pace leading to the building and development of diverse decentralized systems, especially systems that are inclined to financial operations. Most of these systems have a number of problems that are embedded in them, Lattice exchange is providing a DeFi solution to many of the inherent problems with DeFi products. It will be a huge opportunity to look closely into the project by checking on the official links I listed below, thanks.

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Written by a Bounty0x Hunter: advocate

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