LACHAIN ​​revolutionizes yield farming with a frictionless multi-chain yield market that eliminates the need for cross-chain swaps while seeking the highest yield across chains and protocols

LONDON, UK / ACCESSWIRE / June 27, 2022 / LACHAIN, an emerging DeFi-focused pioneering L0/L1 network, has created a revolutionary multi-chain yield market. LACHAIN’s Yield Market simplifies the yield farming experience, opening yield farming to the masses by allowing users to maximize their yields across chains and moving liquidity from one on-chain pool to another higher-ranked pool APY on another chain in 2 clicks without bridges, various gas tokens and transfer complex cross-chain transactions. LACHAIN ​​​​eliminates the need for cross-chain swaps. It enables seamless access to a variety of decentralized financial products across large blockchains.

LACHAIN ​​​​Yield Market opens the possibility to move crypto across chains and protocols in 2 clicks and pay all gas fees in LA. Therefore, the introduction of auto-yield management, DeFi funds, metaverse and game interoperability is now very clear and simple. The market uses LACHAIN ​​Automated Market Maker LACHAIN ​​Decentralized Exchange (LaDEX) with a unified pool of liquidity.

LACHAIN ​​Bridge’s L0 protocol uses LaDEX to buy gas tokens to pay for transactions and exchange crypto via LA as an intermediate token.

Unlike other bridges, LACHAIN ​​leverages LaDEX’s unified liquidity pool and thus the same liquidity can be reused across multiple chains and tokens rather than having fragmented liquidity on each chain.

technology

Instead of fragmented liquidity pools of chain-specific tokens (e.g. Ethereum USDT, Avalanche USDT, fUSDT) that require bridges to transfer liquidity, LACHAIN ​​enables universal all-chain tokens (warp tokens) wUSDT that 100% end-collateralized -points by locked chain-specific USDT.

The native LACHAIN ​​token LA is used as a universal gas and fee token to pay for all LACHAIN ​​and other chain transactions. This allows you to manage yield across chains without holding multiple gas tokens on each chain. LACHAIN ​​L0 Layer Messaging provides accurate gas price data and calculates total charge in LA.

The story goes on

LACHAIN ​​L0 is secured by double on-chain validation of every cross-chain transaction – first time locking chain-specific stablecoin and issuance of warp tokens, and second time when warp token is released and the underlying Original tokens placed on the selected yield farm will be another chain.

LACHAIN ​​​​L1 is an EVM-compatible WASM network with ultra-fast Honey Badger BFT consensus mechanism (now being verified by HashEx) that allows existing smart contracts to be easily ported and powered by to strengthen LACHAIN.

Before and after the LACHAIN ​​revolution

LACHAIN ​​has implemented 100+ farm pools in Polygon, Avalanche, Fantom and BSC with APY up to 1500%.

Before LACHAIN: Yield farmers had to use bridges, buy gas tokens on different chains, and perform complex, expensive, and time-consuming cross-chain transactions. Additionally, each revenue opportunity on a specific blockchain required the use of a specific bridge. This is why the DeFi market used to be mostly focused on the Ethereum chain.

But the paradigm changed significantly: high returns emerged across different L1 and L2 blockchains with their unique characteristics.

With LACHAIN: Yield farmers are able to provide liquidity without cross-chain swaps to create opportunities on any chain. You don’t have to use sophisticated bridges, buy different gas tokens, and spend time and effort transferring liquidity across chains. LACHAIN ​​​​has become a single place to manage yield across multiple chains, available to everyone without unnecessary complications.

About LACHAIN

LACHAIN ​​​​is a gateway to the Web3 future for the masses. It’s easy to launch or manage assets and protocols across chains with L0 and bridges secured by L1 on-chain validation for DeFi, NFTs, metas and games. LACHAIN ​​​​simplifies your journey into the crypto world by solving the most common problems faced by users across chains, including the complicated process of paying for gas, lack of interoperability between chains, liquidity fragmentation and ineffective cross-chain yield management.

LACHAIN ​​​​is definitely a promising project that will continue to implement new revolutionary and breakthrough solutions for the blockchain industry and bring further value to the Web3 multiverse.

For questions please contact:
Viktor Kurylo, PR Director
Email: [email protected]

SOURCE: DUCKS

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