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Layered Monetary Independence (LFi) is a revolutionary decentralized community designed to rework wealth creation. This progressive ecosystem leverages its personal blockchain and DAO-driven DeFi platform to facilitate a sustainable and equitable world economic system, enabling everybody to pursue a brand new type of monetary freedom and take part in rewards creation.
The mission of LFi is to empower people to take management of their wealth by offering them with accessible monetary alternatives by way of a decentralized, clear, and platform pushed by the neighborhood. By democratizing entry to monetary sources, LFi goals to pave the best way in the direction of a way forward for nice innovation.
Blockchain and Token
LFi’s first layer includes a blockchain and token, with LFi serving because the native token. LFi tokens are used to pay for numerous community providers, together with sending cryptocurrency, token creation, sensible contract execution, and entry to ecosystem advantages.
When LFi tokens are used within the community’s vesting protocol, they turn into vLFi tokens, that are non-transferable. vLFi tokens unlock extra advantages, corresponding to vLFi rewards, Rating System benefits, and the power to take part in L-DAO voting.
The LFi Chain is the ecosystem’s in-house blockchain, which is able to host the native tokens and decentralized functions. Though the tokens and apps will initially launch on the Binance Sensible Chain, the plan is emigrate them to the LFi Chain by the tip of 2023.
Web of Individuals and {Hardware}
The second layer of LFi is devoted to the Web of Individuals, a decentralized infrastructure that empowers customers to handle their very own knowledge. This progressive expertise leads to a streamlined on-line expertise for customers.
As well as, layer 2 consists of {hardware} elements, together with three distinct sorts of minting {hardware} and two sorts of smartphones. One of many smartphones known as LFi One. It encompasses a sturdy minting software, enabling customers to carry out quite a lot of capabilities, corresponding to validating transactions, minting tokens, and incomes token rewards, along with normal communication options like calling, texting, and internet looking.
Decentralized Purposes
The third and remaining layer of LFi is a hub for decentralized functions, together with the LFi Software program Pockets, decentralized trade, launchpad, lending protocol, and different functions.
Some of the important elements of this layer is the L-DAO, a decentralized autonomous group that provides neighborhood members full possession of the LFi ecosystem. Utilizing the DAO governance system, all neighborhood members can vote on amendments that enhance the ecosystem’s general efficiency. The quantity of vLFi tokens a consumer possesses determines their voting energy.
The Aim of LFi
LFi stands by a code, a manifesto, that has been the corporate’s beacon of sunshine that cause them to the place they’re now:
“Everybody ought to have equal alternatives for wealth era and monetary independence.
The time has come to carry a extra inclusive monetary system to the world, the place the management and possession of belongings lie with the folks.
We imagine in a consensus-driven monetary system formed by the DAO. Transparency, the place transactions are publicly verifiable, should prevail and the safety and security of consumer knowledge are the highest precedence.
The LFi Ecosystem is an progressive decentralized platform that may proceed to develop with you, offering top-notch providers.”
Web site 🔗 https://lfi.io/
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