Layered Monetary Independence or LFi is a multi-layered decentralized monetary system that makes use of blockchain know-how and gives instruments and purposes that can assist in creating completely different monetary alternatives for its group. This text will clarify each layer that makes up the LFi community.
Layer 1: Blockchain and Token
The primary layer of LFi consists of its personal blockchain and token. The native token of the ecosystem known as LFi. It’s used to pay for community providers resembling sending crypto, minting tokens, calling a wise contract, and accessing different advantages of the ecosystem when vested.
vLFi is what a vested LFi token known as. That is acquired when LFi tokens are used within the community’s vesting protocol, making them non-transferrable tokens. After getting vLFi tokens, it is possible for you to to obtain vLFi rewards, Rating System advantages, and the privilege to vote in L-DAO.
The LFi Chain is the ecosystem’s personal blockchain whereby the native tokens and decentralized purposes shall be launched. Initially, LFi’s tokens and apps shall be launched on the BNB Chain and are anticipated to be transferred to its personal blockchain in late 2023.
Layer 2: IoP and {Hardware}
The second layer of LFi is the place you will discover the Web of Individuals, a decentralized know-how infrastructure that offers customers management of their knowledge. In consequence, customers could have an environment friendly on-line expertise.
Furthermore, layer 2 additionally consists of the {hardware}. It has a lineup of three sorts of minting {hardware} and two styles of smartphones. One smartphone accommodates a robust minting utility, permitting customers to not solely name, textual content, or go browsing, but additionally to validate transactions, mint tokens, and get token rewards.
Layer 3: Decentralized Functions
LFi’s third and final layer is filled with decentralized purposes. That is the place you may entry the LFi Software program Pockets, decentralized trade, launchpad, decentralized autonomous group, lending protocol, and extra.
One of many largest items of this layer is the L-DAO or decentralized autonomous group. This makes the group the only proprietor of all the LFi ecosystem. Via the DAO governance, each member of the group can vote for the amendments that can enhance the general ecosystem. A person’s voting energy is determined by the quantity of vLFi tokens they maintain.
LFi is the Individuals’s Platform
Layered Monetary Independence is a decentralized platform that helps customers obtain a brand new idea of economic independence. It offers folks management over their wealth and boasts an inclusive and clear monetary system. LFi is your platform. All it’s essential to do is be a part of.
Web site 🔗 https://lfi.io/
Telegram – Twitter – Instagram – Fb — Docs
| Disclaimer: It is a sponsored submit. Coinpedia doesn’t endorse or is chargeable for any content material, accuracy, high quality, promoting, merchandise, or different supplies on this web page. The picture used on this article is for sponsored functions solely. Contact us when you’ve got any points or considerations. Readers ought to do their very own analysis earlier than taking any actions associated to the corporate. |
