LOVELY V3 SWAP- A LEADING AUTOMATED MARKET MAKER DECENTRALIZED EXCHANGE DESIGNED TO OFFER RARE FEATURES THAT BOOST EFFICIENCY
Cryptocurrency was introduced with the vision to boost decentralization in the finance system; although this goal has been achieved to a large extent, the biggest exchanges in the crypto market tend to deviate from this as they operate mainly as centralized exchanges (CEXs) and utilize central authorities to control users’ funds. With this, it became imperative to introduce more decentralized exchanges (DEXs) that will usher us into a new world of full decentralization via an open-source ecosystem that utilizes smart contracts to execute peer-to-peer trading.
DEXs grant users the benefit of fully controlling their funds, while they can stay anonymous; and tend to offer a better trading experience, which explains why they are gathering attention in recent times. More crypto enthusiasts are embracing a modern type of DEX called Automated Market Maker (AMM), and one of such DEXs is LOVELY SWAP.
LOVELY V3 SWAP- SWAP LIKE A BOSS USING THIS UNIQUE AMM DEX
In recent times, AMM is generating a buzz in the crypto industry for the right reasons; AMM can be said to be a type of decentralized exchange protocol that makes use of a mathematical formula to price crypto assets instead of the traditional order book utilized by centralized exchanges. They allow the permissionless and automatic trading of digital assets by using liquidity pools against the traditional market of buyers and sellers.
In a market where new projects are introduced daily and most existing ones are struggling to leave their mark, Lovely swap proves to be a leading AMM DEX in the crypto market. The project has gone even further by introducing LOVELY V3 Swap (a Multi Chain Supported AMM), initially deployed on the Binance Smart Chain (BSC), which significantly upgrades the older versions of V1 and V2 Swaps by improving the capital efficiency, refining control to liquidity providers, improving accuracy and convenience of the price oracle, and offering a more flexible fee structure.
CORE FEATURES OF LOVELY V3 SWAP
Concentrated Liquidity: This feature allows Liquidity Providers to bound their liquidity within an arbitrary price range, this way they get to improve the pool’s capital efficiency and approximate the reserved curve they prefer, while still being aggregated with the entirety of the pool.
Improve Price Oracle: Lovely V3 Swap users can now query recent price accumulator values, this automatically eschews the need to checkpoint the accumulator value at the particular start and end of the period of measuring a TWAP.
Flexible Fees: No longer is the swap fee fixed at 0.3% rather, each pool tier’s fee (possibly more than one per asset pair) is decided upon during initialization. The tiers of fees that are originally supported are 0.05%, 0.30%, and 1%.
Liquidity Oracle: The contracts show a time-weighted average liquidity oracle. The Lovely V2 swap contracts and V3 swap core contracts are created in such a way they can’t upgrade, and some of the V3 swap parameters are controlled by governance.
WHY LOVELY V3 SWAP STANDS TALL IN THE CRYPTO INDUSTRY
Below are some of the reasons why Lovely swap is the go-to AMM DEX for all crypto enthusiasts:
- Instant swap, no registration or account needed, less hassle.
- Instant payment settlements by helping payment service providers to offer swift fund transfers to their customers in real-time.
- Irreversible transactions, no inclusion of charge-backs for merchants when taking payment.
- Nominal transaction costs, thanks to its deployment on BSC, a chain renowned for its lower transaction cost.
- Permissionless ecosystem which is open for anyone to join and enjoy absolute control of their funds. Furthermore, Lovely swap promotes accessibility, transparency, and reliability by eschewing gatekeeper technologies.
- Highly scalable and protects against any collision attacks from third parties.
TOKEN INFORMATION
Token Name: LOVELY SWAP TOKEN
Symbol: LST
Supported Blockchain: Binance Smart Chain (BEP20)
Contract Address: 0x019992270e95b800671d3bc1d763e07e489687b2
Total Supply: 300,000,000 LST
Conclusion
Crypto exchanges remain a vital factor in determining the level of success every trader achieves; every crypto exchange user wants it safe, cost-effective, high in liquidity, and so on. Lovely V3 Swap integrates these features and more and offers users the best swapping experience they dream of. Lovely V3 Swaps is simply a non-custodial AMM decentralized exchange that is setting new standards for other AMM and DEXs to follow, do well to join the moving train, and do not risk getting left behind!
Helpful Links
Personal Information
Proof of Authentication: https://bitcointalk.org/index.php?topic=5406712.msg60728461#msg60728461
Forum Username: Incarts
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2022078
Telegram Username: @Incarts
BSC Wallet Address: 0x92C1d2C625e41730505622Fd7ACC92309cbc8169
