LAVA is all about community and we want all community members to feel their ideas are being listened to. We have had a few people suggest that we increase our HECO supply and reopen a new liquidity mining pool for HECO. In the spirit of democracy, we will be doing a vote for iLAVA holders. This one will be specifically about our future HECO supply and liquidity pools. We will also assume that any initial pools will use LAVA- USDT as that was strongly favored in the 003 vote.
iLAVA Vote 004 — HECO Supply + Liquidity Pool
It’s your choice! Get ready to rock the iLAVA vote. This is the last vote before the big upcoming pool launch…
Background: As per our vote 002, our community has decided on that we should allocate 80%, all of it for LAVA Liquidity Pool Rewards & decide the 20% later.
This means that 80% of 84 million of LAVA token will be allocated to our BSC liquidity pool. That means there are totally 67,200,000 LAVA to be minted via providing liquidity on LAVAswap.
Distribution: We plan to introduce halving rules for the liquidity pool. The liquidity pool will generate 336,000…
The second vote for iLAVA holders is now complete and the results are here!
Our community has decided on that we should allocate 80%, all of it for LAVA Liquidity Pool Rewards & decide the 20% later.
A few days ago, we announced the VOTE 001 results from our first iLAVA DAO vote. The engagement was awesome, and we heard you loud and clear.
Based on our VOTE 001 result, we will start our iLAVA daily rewards at 8000 LAVA/day for the next 100 days.
Rewards start time: 10am on August 20th, 2021 (EST)!
To mint and stake: https://lavaswap.com/ilava
Get it while you can!
Let’s go LAVA!
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LAVA is an interoperable decentralized cross-chain swap protocol powered by BSC + HECO. Since its launch, it has been…
As you know, we launched our very first iLAVA DAO vote… and the results are in!
The level of engagement was truly amazing and is a great indicator of the passion that our community has for LAVA and going forward!
And now… the moment you’ve all been waiting for…
More than 8437.46 iLAVA participated in voting!! 72.05% chose option 3. This was for 8,000 LAVA/day. Total budget = 800,000 LAVA (BSC).
The team will look to implement this very soon. We will aim to follow-up on these awesome first vote results to give the community what it wants…
In the spirit of democracy, we are also doing a second vote beyond our first vote for iLAVA holders. This one will be specifically about future liquidity pools.
iLAVA Vote 002 — Liquidity Pool
We listen to our community and iLAVA will help decide where we are heading to!
There is 84 million LAVA (BSC) that has been reserved to be decided by our iLAVA holders. There are a few options that are popular from our community:
1. Allocate 80% of it for LAVA Liquidity Pool Rewards & decide the 20% later.
2. Allocate 50% of it for LAVA Liquidity Pool…
We value transparency and community first and foremost at Lava. We candidly have been trying several directions for Lava recently behind the scenes and in the market, not to the intended effects we were looking for.
We have heard our valued community’s feedback and thoughts. Please note that we have completed the 80% burn on HECO of the total token supply, however, we have not done so to the corresponding amount on BSC. As we decide the next steps for the project, we would like to present a decentralized vote for our top holders to help steer us in the…
Lavaswap goes FULL-FORCE to BSC and what’s more important than a full audit for our BSC DEX!
It is vital to audit new innovations to ensure there are no bugs or potential threats that can affect the users of the platform. We care about our users and the longevity of the platform and that’s why we want to ensure the code written is safe, secure, and efficient before we deploy the smart contracts!
The audit itself has been conducted by a world-leading expert in the field of Cyber Security and Blockchain. It’s amazing that we get to work with some…
Users are able to mint and redeem iLAVA on the BSC by swapping LAVA for iLAVA.
No. We have added the smart contract address as a whitelist. Therefore, when you mint iLAVA, you will not be charged the 5% LAVA (BSC) transfer fee. However, you will be charged an exit fee, being 5% initially, which is currently the same functionality as iLAVA (HECO). This exit fee will be subject to change based on iLAVA voting.
It will be 5% initially and all the exit fees will be automatically redistributed to the remaining token holders.
However, this is exit fee can…