Introducing LamboSwap Dapp
LamboSwap is a fully-featured AMM (Automated Market Making) protocol of the LamboDeFi ecosystem with necessary patches such as an updated solidity compiler version on the Ethereum Blockchain.
With it, users can swap ERC20 tokens and provide liquidity to LamboSwap to earn liquidity provider tokens (in form of LamboToken) which can be used for Yield Farming projects. Browser extensions like Metamask, WalletConnect, Coinbase Wallet, and Formatic are compatible with LamboSwapp.
Vision
LamboSwap was created with a great user experience in mind. Some of the existing swap protocols do not provide tokens for Liquidity Providers. As such, there was a demand for Swap protocols that will offer adequate yield farming returns to users so that they can stake their tokens and get rewarded.
To ensure ease of use, we ensured that the complexity of the existing protocol is removed by customizing it fully so that users and liquidity providers are safe from exit scams or any kind of vulnerabilities that may risk the funds staked on the contract.
How to use
1. For users, you must install any compatible wallet or browser extension which supports Web3 Dapps. Compatible ones with LamboSwapp are Metamask, Formatic, WalletConnect, Coinbase Wallet, and Portis. After this, go to “Connect wallet” and connect with your wallet with the protocol.
As soon as your wallet has been connected you will see your chosen address on the right-hand side.
2. After doing this, you proceed to the swap page and select from the list in the drop-down menu the name of the token you want to swap from (‘From’) and also do the same to select the token you want to swap to (‘To’).
3. If your token is not listed, you can paste the token address and you can select your token which gets listed automatically. You can choose the (Add) option to make it list in your drop-down for future use.
4. Once this is done, you enter the amount of token you want to swap from, and immediately you do this, its equivalent is shown in the ‘To’ section. After this, you click swap.
5. Once you hit swap, a confirm window for swap will pop up and you have to choose “Confirm swap” to have your swap executed.
6. After confirming the swap your wallet e.g metamask will pop-up a window showing the amount of gas that you have to pay to execute your swap. You can increase the gas fees to outbid your competitors so that your transactions will be processed faster.
7. As soon as you click submit on your wallet pop up window, you will get a “Transaction submitted” page where you will have the link to view the transaction in Etherscan (Ethereum explorer). The transaction ID will be available in your wallet by finding the transaction in your sent transaction history.
For users, it is worthy to mention that you should consider using LamboSwap as your yield farming platform as the Lambo high yield farming will be starting on 26th March 2021 and those who jump on it will have massive reward on their farming.
Unified liquidity will also give users a better trading experience with the diverse trading pairs and liquidity support that we offer.
Unlike existing protocols, we charge a lower for every taker order executed. About 0.25% goes to the liquidity providers while 0.05% of the volume will be accumulated as a protocol fee to support the infrastructure of the exchange.
Our community
Our channels are open for opportunities and support for our project. More information and updates about the project, tokenomics, and upcoming activities will be posted here and all the channels of the project in the coming days. Users are also advised to check our Whitepaper to have a further grasp of the project and the amazing features we have in stock.
Official website: https://lambodefi.network
Medium: https://lambodefi.medium.com
Telegram: https://t.me/OfficialLambodefi
Twitter: https://twitter.com/lambodefi
Github: https://github.com/lambofinance
Facebook: https://www.facebook.com/Lambodefi
