LACHAIN Revolutionizes Yield Farming with Zero-Friction Multi-Chain Yield Market, Eliminating the Need for Cross-Chain Swaps While Hunting for Highest Yield Across Chains and Protocols
LONDON, UK / ACCESSWIRE / June 27, 2022 / LACHAIN, a revolutionary new DeFi-focused L0/L1 network, has launched a groundbreaking multi-chain yield market. The LACHAIN Yield Marketplace simplifies the yield farming experience, opens yield farming to the masses by allowing users to maximize their yields across chains and transfer liquidity from pool to chain to another pool with higher APY on a different chain in 2 clicks without bridges, different gas tokens and complex cross-chain transactions. LACHAIN eliminates the need for cross-chain exchanges. It enables seamless access to a multitude of decentralized financial products on major blockchains.
LACHAIN Yield Market unlocks the ability to move crypto across chains and protocols in 2 clicks and pay all gas fees in Los Angeles. Therefore, the launch of automatic yield management, DeFi funds, interoperability of metaverses and games is now very clear and simple. The market uses LACHAIN Automated Market Maker LACHAIN Decentralized Exchange (LaDEX) with a unified liquidity pool.
The LACHAIN Bridge L0 protocol uses LaDEX to purchase gas tokens to pay for transactions and exchange crypto through LA as an intermediary token.
Unlike other bridges, LACHAIN leverages LaDEX’s unified liquidity pool and thus the same liquidity can be reused for multiple chains and tokens instead of having sharded liquidity on each chain.
Instead of fragmented liquidity pools of chain-specific tokens (i.e. Ethereum USDT, Avalanche USDT, fUSDT), requiring bridges to transfer liquidity, LACHAIN empowers universal tokens for all chains ( warp-token) wUSDT, which are guaranteed 100% end-points per chain-specific USDT locked.
The native LACHAIN LA token is used as a universal gas and fee token to pay for all LACHAIN and other chain transactions. It allows you to manage yield across chains without holding multiple gas tokens from each chain. LACHAIN L0 layer messaging provides accurate gas price data and calculates total charges in Los Angeles.
LACHAIN L0 is secured by double on-chain validation of each cross-chain transaction – the first time by locking the chain-specific stablecoin and issuing a warp token, and the second time when the warp token is released and the underlying original token is placed on the chosen yield farm on a different chain.
LACHAIN L1 is an EVM-enabled WASM network with an ultra-fast Honey-Badger BFT consensus mechanism (being finalized under audit by HashEx) allowing existing smart contracts to be easily transferred thanks to the token engine unique LACHAIN distortion.
Before and after the LACHAIN revolution
LACHAIN has set up over 100 farm pools across Polygon, Avalanche, Fantom and BSC with APY up to 1500%.
Before LACHAIN: Yield producers had to use bridges, buy gas tokens on different chains, and perform complex, expensive, and time-consuming cross-chain transactions. Additionally, each yield opportunity on a specific blockchain required the use of a specific bridge. This is why the DeFi market was mostly concentrated in the Ethereum chain only.
But the paradigm has changed significantly: high returns on different L1 and L2 blockchains have emerged with their unique characteristics.
With LACHAIN: Yield producers are able to provide liquidity to generate opportunities on any chain without cross-chain trading. No need to use fancy bridges, buy different gas tokens, and spend time and effort transferring cash between chains. LACHAIN has become a one-stop-shop for yield management across multiple chains, accessible to everyone without unnecessary complications.
LACHAIN is a gateway to the future of Web3 for the masses. It is easy to launch or manage assets and protocols on chains with L0 and bridges secured by L1 chain validation for DeFi, NFT, Metas and Games. LACHAIN simplifies your journey in the crypto-world by solving the most common user headaches across chains, including complicated gas payment process, lack of interoperability between chains, liquidity fragmentation and ineffective cross-chain performance management.
LACHAIN is definitely a promising project that will continue to implement groundbreaking new breakthrough solutions for the blockchain industry and bring additional value to the Web3 multiverse.
For any request, contact:
Viktor Kurylo, Public Relations Manager
Email: [email protected]
THE SOURCE: LACHAIN
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