Lydia Finance, a Decentralized Exchange (DEX), is Now Running on Avalanche
Lydia Finance enables simple trading and earning of tokens on Avalanche.
Lydia Finance, an audited DeFi protocol and decentralized exchange (DEX), is now running on the Avalanche blockchain.
By running on Avalanche, Lydia Finance offers lightning-fast finalization, low gas fees, and a 100% decentralized platform. This allows for a smooth and intuitive user experience on the platform.
The Lydia Finance platform offers two main features to users: Earning and Trading.
Trading: The DEX is an Automated Market Maker (AMM) that allows users to trade using token pairs on Avalanche.
Earning: The Yield Farming feature allows Avalanche users to provide liquidity to AMM pools and earn yield in LYD (Lydia Finance) tokens and others. These tokens can then be automatically converted into native platform tokens of your choice, such as AVAX (Avalanche).
“Our team aims to deliver the best financial features, and focuses on achieving the best user experience to bring new users to the Avalanche platform and grow with the ecosystem.
Avalanche has the most promising EVM compatible platform to pick for a DeFi startup, that’s why we picked Avalanche as the platform. We believe that the collaboration with the Avalanche team will make an important positive impact on our project and strengthen the relationship,” — Lydia Finance.
The Lydia Finance team will soon be announcing the launch of Initial Farm Offerings (IFOs). This will allow users to invest in new projects using their AVAX/LYD LP tokens. This feature is currently being tested and is estimated to launch in July 2021.
About Lydia Finance
Lydia Finance is an Automated Market Maker, Yield Farming, and Staking platform on Avalanche. Our intuitive UI and comprehensive documentation/tutorials allow every level of users to invest in DeFi and maximize their earnings by taking advantage of Avalanche’s lightning-fast infrastructure with very low gas costs. Trade, stake, pool, and earn $LYD and many other token utilities all on Lydia Finance.
Avalanche is an open-source platform for launching decentralized applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Avalanche is able to process 4,500+ transactions/second and instantly confirm transactions. Ethereum developers can quickly build on Avalanche as Solidity works out-of-the-box.