Lovely Swap V3 | The Most Sophisticated Automated Market-Maker Protocol
In a decentralized environment, the transaction is recorded in a decentralized ledger which is maintained by a large number of players (such as computers). This means that there are less opportunities for corruption to take place since any fraudulent activities can be easily detected by using the robustness and checksum of the blockchains. Distributed systems have a permanent record of transactions which cannot be altered or manipulated through forgery techniques. Furthermore, it’s also crucial to point out that there are no middlemen involved on decentralized networks so privacy standards are better protected. Centralized Systems In a centralized system, all financial transactions get recorded in a single ledger and all accounting information gets accurate calculations while maintaining details like who owned what at which point in time. This entails that the centralized ledger is managed by one authority with lots of power over controlling who can access the relevant data at what time period. Lovely swap on the other side will facilitating and connecting different chain in one non-custodial Automated-Market Protocol to bridging cryptocureny for everyone.
What Is Lovely Swap?
Lovely Swap is an new non-custodial automated market-maker protocol where it'll support multi-chain network and to be implemented first on the Binance Smart Chain Network through the EVM Mechanism.
Lovely Swap will offers an new assortment of extraordinary and innovative unique ideas through the monetary sector where it'll enable complex business cycles like the traditional economic protocol and implemented through the exceptional decentralized innovation by using smart-contract integration. Lovely Swap team will implementing unique innovation into the future of decentralized swap on the web 3.0 and it'll creating an new and fair decentralized scheme with sustainable mechanism for everyone on the network, thus it'll creating a new unique swap mechanism with cheaper fees and safer process for everyone.
Lovely Swap already launched and running in different version (V1 & V2) and compared to the current update (V3) their protocol will offer more robust mechanism, Lovely Swap team will provides various improvement on V3 with increased capital efficiency and polished protocol to control to liquidity providers, it'll improves the accuracy and convenience of the price oracle, with more more flexible fee mechanism. It's also offer more robust platform by improving the structure and offer much faster process. For more details you can read on their official whitepaper here; https://v3.lovely.finance/img/V3-swap-white-paper.pdf
Lovely Swap V3 Improvement
The lovely swap team continuously updates and improvises their protocol and in this V3 update, their team will introduces various new improvisations such as;
Flexible Fees
On the current V3 update their team introducing more flexible fees where the swap fees is no longer locked at 0.30% where the fee tier for each pool will different from 0.05%, 0.30% and 1%
Concentrated Liquidity
Lovely Swap V3 protocol will offer bounding mechanism to facilitating arbitrary price range where it'll improves the pool capital efficieny and providing preferred reserves curve.
Improved Price Oracle
This will providing every to query recent price accumulator values and avoiding that needed to the next accumulator value at the exact starting point where this will ensure more efficient mechanism.
Liquidity Oracle
Lovely swap team will designing an new swap-contract where it'll becomin an entirely new source-code by introducing a new improvement and framework through the bounded liquidity.
Cryptocurrency Market Potential
With the introduction of blockchain and crypto market, the whole world has seen a change in the way we interact with finance where it's mostly used to exchange digital currencies and assets without the need for a centralized authority such as bank. There are so many benefits on this technology that it is hard to believe it could not have been invented in a different generation, Blockchain itself through the cryptocurrency is redefining the future of finance market where it's value has exceed more than $1 Billion and Lovely Swap is one of the unique protocol where it'll connecting different blockchain network into one non-custodial automated market-maker framework.
Conclusion
Lovely is the one of the unique protocol where it'll combines traditional market with the crypto through their protocol. All transactions on the network will be secured and transparent So everyone can participate in a easy-way, Besides, their platform also has various interesting features and improvement in this version such as Liquidity Oracle, Flexible Fee. It's also offers a completely community-based economic protocol where it's distributed through the blockchain network to ensure transparency and maximum efficiency. I personally highly recommend you guys to become try and becoming part of Lovely Swap Protocol!
I think it's enough for now, Do not forget to follow & upvote for more content about new project, I will give some links related to Lovely Swap below. Thank you very much!
Twitter: https://twitter.com/v3swap
Telegram: https://t.me/lovelyv3swap
Authored By Pedobear a.k.a Dhemas putra/dhemasm(bitcointalk)
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