Lattice Exchange: A New Paradigm to Decentralized Finance

DeFi

I almost gave up on Decentralized Finance and tag it a bubble that is soon to burst, until I came across a project that cleared my doubt and satisfactorily proffer solutions to the problems that plague DeFi and make it look unsustainable in the long run.

Recently, Decentralized Finance (DeFi) became the new hit in the crypto World. It came at the time when the majority are fed up of the custodian roles of financial institutions which has dominated people's finances over the years.

Decentralized Finance is a world of freedom. One can carry out virtually every financial transaction and take advantage of investment opportunities without the need for centralized financial institutions coupled with the fact that many people see it as a better means of investment in terms of higher profit yield compared to what centralized financial institutions can offer.

Challenges

Despite the fact that DeFi era opened a new vista for people to enjoy financial liberty, it also came with its attendant challenges which include slow and costly transactions, scaling limitation and data processing limitations.

As a matter of fact, the surge in Decentralized Finance raised the ethereum gas fees from negligible amount of money to substantial amount. There is no time in the history of blockchain technology when people have to pay significant amount of money to carry out transactions on the Ethereum blockchain than when Decentralized Finance platforms took over the space.

I have had to pay close to 40 U.S dollars to carry out a single transaction on a DeFi platform during the peak of gas fees. It is outrageous and annoying.

Apart from the rip off amount paid, the transaction is usually very slow. I have experienced three failed transactions in a single day that resulted into loss of good amount of money. It could be frustrating. The network becomes so clog that transactions hardly go through, if it does, it comes with high cost.

There is also scaling limitation for the current Decentralized Finance as Ethereum which is the bedrock platform was not designed in terms of infrastructure to handle the enormous tasks that is been subjected to, thereby causing network clog and failure in transactions.

Moreover, the system was not also designed to process data as obtained in centralized finance and conventional financial institutions.

Lattice Exchange revolutionizing the DeFi space

The good news is that the narratives are different with Lattice Exchange. It profer solutions to all the limitations of the current Decentralized Finance. Lattice Exchange brings the balance and tackles virtually all problems experienced in the DeFi World. Lattice Exchange is a decentralized finance (DeFi) application that is built with Ethereum and Constellation’s Hypergraph Transfer Protocol (HGTP). Visit the Website for more information.

Fast transactions and no more cut throat gas fees

Lattice Exchange tackles the problem of high gas fees in Decentralized Finance by the usage of interoperability of Ethereum and Constellation Hypergraph Transport Protocol (HGTP). This enables super fast transactions and at the same time negligible transaction fees.
Lattice Exchange platform will advance and modernize the world’s financial trading system and serve as solutions for crypto assets and ensure financial inclusion for everyone by empowering users and liquidity providers. Read more from the White paper

Scalability

Lattice Exchange will bring scalability to DeFi by combining Ethereum's smart contract with the usage of Constellation Hypergraph Transport Protocol (HGTP) which is a secure communications protocol that connects real world applications through seamless tokenized data.

No more transaction failure

Transaction failure is usually experienced on Ethereum network when the number of transactions that are being initiated on the network are more than what it was designed to process. With the combined and interoperability function of Lattice Exchange protocol, it can process higher volume of transaction without network clog or any fear of transaction failure. It is an Hybrid System that ensures greater capacity and scalability of what is obtained presently in terms of higher computational needs and data processing in DeFi space.
My Bounty0x username is Petoz to prove my authenticity.

Advanced algorithm

Lattice Exchange will improve on the DeFi initiative and provide more assurance in crypto asset trading and settlements by using advanced AMM algorithm and the ability to incorporate multiple specialized market making algorithms and asset into the system.

Surely, Lattice Exchange will be a great improvement on what is obtained in DeFi platforms today and serve as an advanced platform with thicker liquidity and faster transactions which is the desire of anyone who has ever used a Decentralized Finance platform.
It offers flexible liquidity pool which allows even a lender to earn transaction fees on his or her liquidity deposits.

The Platform has a native token with ticker (LTX) which will serve as the governance token. The token confer on the holders some certain rights in terms of economic usage for transaction fees and other benefits.

In a nutshell, there is no doubt that Lattice Exchange will revolutionize the DeFi space and the entire Crypto World as the issue of high gas fees will become a thing of the past coupled with high speed of transaction, interoperability, flexible liquidity pool and many more.

A sponsored article written for a bounty reward.