The digital asset-based economy is creating a global financial alternative for everyone with internet access, making these services easier than ever. This transition is more time consuming than ever as a break from the pandemic, and many are looking at government-stimulated inflation as well as rising consumer debt due to high unemployment. increase. In addition to changing world conditions, most of the world has already acknowledged the lack of financial literacy. Now that we don’t have the right tools to understand and manage our wealth, the concept of financial freedom feels farther than ever.
Fortunately, digital currencies may be positioned to help remove some of these obstacles. In essence, cryptography is verifiable, rare and deflationary, giving users full ownership of their wealth. Conversely, in the larger world of decentralized finance (DeFi), many common financial services are combined into a unified experience that is accessible to everyone. DeFi loans, for example, are more rewarding for lenders, easier for borrowers to achieve, and sending money across borders at no extra cost.
The Lumenswap platform introduces the capabilities of cryptocurrencies. Originally designed and launched as a platform for trading and exchanging assets in the AMM and OBM markets, the team allows all users around the world to manage their money and build a better future. I have grown my vision of creating a platform that can do it. Recognizing the potential of DeFi on this mission, Lumenswap has begun to include products with on-chain solutions on Stellar (XLM) networks, such as governance and auctions.
As shared by team members, a project can be more easily defined as:
“Lumenswap is a platform consisting of decentralized products such as AMMs, OBMs and lottery tickets on stellar networks. Lumenswap is a fun experience for users to take advantage of the unique characteristics of the Stellar network during financial transactions. I’m looking for a solution to provide. “
The Lumenswap platform helps you improve your trading experience using the Horizon API. Horizon allows the platform to choose the best rate for a transaction based on the liquidity rate and the purchase order sent over the network. As a result, designing this experience will find the best price, fast and low cost, transparent and open, and get the support of popular wallets.
Providing a diverse product portfolio
In its portfolio, Lumenswap has several products to accomplish its mission. Two of the early products included the Order Book Market (OBM), which allows users to select pairs and trade these assets on Stellar and Automated Market Making (AMM). In this market, users can provide liquidity and be rewarded in return. Assets at competitive rates.
Other features include a fully digital lottery ticket. In addition, within the next few months, a bridge will be released to facilitate the transfer of assets between the blockchain and the Stellar network, offering loan products (similar to Compound) and digital asset auctions. All features are designed with a simple core to limit the barriers for new users.
A further support goal for helping others achieve financial freedom is the Lumenswap Academy. The article-based section of the Lumenswap platform serves as a place where users can learn everything related to blockchain-based technology. Because many are considered amateurs in the world of cryptocurrencies, the academy uses a particularly simple language and easy-to-understand articles, making it easier for users to understand than if they had direct access to cryptocurrency news outlets. increase. Thrown without explanation. In addition, Lumenswap Academy focuses specifically on the Stellar blockchain and its value proposition in the larger cryptocurrency market. This is an aspect that is often lacking in explanation.
Enable financial freedom
With Stellar as the backend, Lumen Exchange reveals the technology’s ability to enable financial freedom and help people interact with related services. As the team progresses towards the completion of the milestone, users can expect a number of new releases in the coming months, including the design and implementation of NFT products on the Stellar network and related lending and auction features. increase.
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