Benefits of LamboDeFi to Users
LamboDeFi is an innovative DeFi solution designed to reach new heights of APY in DeFi use cases. The protocol is secured from speculations and tailored to greatly reward the users, especially those that jump on our token sale and become a part of our ecosystem early enough. LamboDeFi utilizes an automated market maker (AMM) protocol where you trade with a smart contract called a liquidity pool. It acts as your counterparty in a trade. In this case, your order is executed against another trader’s order but the entire pool and its reserves. The liquidity to such a pool is added by investors, therefore the advantages that the service offers are at least twofold, depending on whether you are a simple trader or a liquidity provider (or both).
The platform’s Swap protocol — LamboSwap is permissionless, which means there are no KYC processes and you don’t have to sign up and disclose your identity. There is no central authority to block users and seize their funds, and there are no hackers to steal your money from the exchange.
No registration and no KYC allow for a much quicker setup of your trading environment. Whether you want to become a trader or a liquidity provider on LamboDeFi, all you need is a supported Ethereum wallet like the Metamask and a wallet address. Connecting a wallet to our Swap protocol is a breeze and it is explained in detail in this article.
Our platform is also immensely useful to blockchain startup projects which want to release their tokens directly to the market and attract the attention of a wider audience. Listing a new coin or token on a centralized exchange, especially on a high-caliber one, can be a painful experience. And not guaranteed to succeed at all. With LamboDeFi, there are no listing fees and no bumpy vetting processes before a coin or token can be listed for trading. So its popularity is well deserved.
On the other hand, it is also a great way for the supporters of a startup project to finance it. Via adding liquidity to the market, they are getting their hands on the project’s token among the first. From an investor’s perspective, LamboDeFi allows everyone to earn by providing liquidity to the market and then collecting trading commissions. As the service is completely decentralized, all trading fees are distributed among the liquidity providers proportionally to their share in the pool. Adding liquidity is as simple. You deposit tokens into a liquidity pool smart contract and receive pool tokens which you can liquidate at any moment. So it is also as safe as the DeFi paradigm aims it to be.
From a trader’s point of view, LamboDeFi is a godsend. It allows traders to earn by exploiting price discrepancies between price quotes and the rest of the market.
LamboSwap features LamboToken, one of the native currencies of the ecosystem and it is with it that users will be able to engage in activities like staking and participation in liquidity pool to earn returns on their idle funds. This strategy is relatively simple but brings exponential price growth, adds sustainability to the pools, reduces speculation, and gives returns to providers.
As a project with great foresight and mouthwatering offers for our users, we plan to list LamboToken on some of the best-centralized exchange platforms such as Binance, Huobi, Okex, Kucoin, and several others that we will reveal in future publications. As it is known that listing a token on these exchanges shoots up the price of the coin as a result of its increased adoption, those that jump on the token sale earlier and purchase the token when the price is still very low will make a massive profit after listing on these exchanges. This means that missing out on our upcoming token sale is not an option. You rather jump on it or miss out which will be very painful when you see early adopters cashing out steadily.
Another reason why it is important that you purchase the Lambo Token is that we will be moving to a faster network soon. The platform currently runs on Ethereum Network but we will be moving to Binance Smart Chain (BSC) shortly. BSC is super fast due to its high throughput and scalability. It also offers a very cheap transfer fee. As such, more people will adopt it to enjoy the benefits that Binance Smart Chain offers. This will also help drive up the value of our token.
Worthy to note is that those that jump on our token sale so that you can enjoy all the benefits mentioned above as well as consider engaging in yield farming on our platform. Lambo high yield farming will be starting on 26th March 2021 and it promises massive returns and rewards for participants so it is something you wouldn’t want to miss.
