iLAVA (BSC) — NEW FEATURES!!

🤝 Mint and redeem iLAVA

Users are able to mint and redeem iLAVA on the BSC by swapping LAVA for iLAVA.

When I mint iLAVA, will I get charged the 5% transfer fee?

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.

What’s the exit fee?

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 be changed over time based on voting results from our iLAVA holders.

🤑 What are iLAVA (BSC) benefits/rewards?

Benefits to long-term holders

  • 2.5% of EVERY LAVA (BSC) transfer is sent to iLAVA (BSC) holders as a way to incentivize and reward long-term LAVA holders
  • 0.1% of every transaction fee performed on the Lavaswap (BSC) DEX is dedicated to iLAVA holders.

Community-based DAO

iLAVA holders can vote on protocol adjustments, create new protocol proposals, and govern the future of Lavaswap

🔁 How do you convert iLAVA (HECO) to iLAVA (BSC)?

Users are able to utilize the cross-chain asset bridge on HECO to convert iLAVA (HECO) to iLAVA (BSC). There will be a 0% exit fee for iLAVA (HECO) to help with the migration. (More details coming soon…)

🗳 Can I vote?

With the addition of iLAVA (BSC), users will now be able to vote on certain protocol functions, such as the iLAVA exit fee and various protocol parameters.

🌟 Lavaswap (BSC) NEW ADDITION 🌟

We are implementing an airdrop section within the platform! Users will now be able to benefit from various airdrops from various companies who wish to list their tokens on our DEX. 💸💸💸

🔒 Audit Reports

Lavaswap LAVA — Audit Report

Lavaswap Factory, Router — Audit Report

Lavaswap V2 — New Economic Model

LavaSwap is launching a new economic model. LavaSwap V2 will be upgrading its DEX platform. LavaSwap plans to introduce strategic investors to change the current problem of “mine, withdraw and sell” in liquidity mining, and to maximize the benefits of LAVA long-term token holders and ecological participants.

LAVA is an interoperable decentralized cross-chain swap protocol powered by BSC. Since its launch, it has been actively exploring the best development model for the DEX market. After months of research and discussion, LavaSwap has a deeper understanding of the DEX development and community user needs. V2 will make new adjustments and upgrades on the basis of the existing economic model, and is committed to leading the DEX market in the new era!

Website | Telegram | Twitter | GitHub | Yuque

--

--

--

BLAZING DeFi Playground & Cross-chain Asset Bridge

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Inside Flow: Cadence, The Language Made For Digital Assets

Hero’s RoadMap towards ‘Play to Earn’

ANALOG’S REVOLUTIONARY TIMECHAIN

Cartesi x G Crypto AMA Recap

DoragonLand-Incubated NFT Game By Creator Platform Set To Launch This November

Develop NFT marketplace on Ethereum

#BuiltOnTelos- SEEDS

VALUES

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
LavaSwap

LavaSwap

BLAZING DeFi Playground & Cross-chain Asset Bridge

More from Medium

Welcome to the DKYC Free-money Programme™

CURE EVOLVED: THE PIXL PARTNERSHIP

Actifit and SportsTalk on Diesel Pools — Let’s Get Farmin!

Time to celebrate our fantastic year together with a discount campaign!