Its been a busy and very exciting first month for LAVA! Lets summarize what’s happened so far:
What is LavaSwap (LAVA)?
Lava Swap is the first interoperable decentralized cross-chain swap protocol powered by Huobi Eco Chain. LAVA is 100% HECO.
We have created and are elevating the automatic market making DEX. We envision a world where all crypto assets can come play in our BLAZING DeFi playground.
LAVA Key Metrics (March 2nd)
- Holders: 21,294 [Link]
- Tx volumes (number of transactions on-chain):
- LAVA: 10,000+ [Link]
- Farm pools: 210,384 [Link]
- LP staking: 58,964 [Link]
- Marketcap: $2,703,608
- Transaction volume: $100 million US dollars [Link]
- Liquidity: $17,589,481 [Link]
- Transaction fees: $300k+ [Link]
- Current TVL: $36+ million USD [Link]
- Max TVL: $200+ million USD [Link]
Key Milestones:
- Liquidity mining and Dex launched: https://lavaswap.medium.com/liquidity-mining-dex-are-live-on-lavaswap-com-e552daa80da1
- New UI & info.lavaswap.com launched: https://lavaswap.medium.com/lavaswaps-new-look-new-ui-info-page-ed0435da1a9f
- First new partner reward pool: https://lavaswap.medium.com/gene-finance-x-lava-50k-staking-rewards-explosion-ffdfdb5796f9
- LAVA token Buy-Back & Burn Report (Feb, 2021): https://lavaswap.medium.com/lava-token-buy-back-burn-report-feb-2021-df158e346b6f
- New Liquidity Pools Announcement: GENE, REC & GOF: https://lavaswap.medium.com/new-liquidity-pools-announcement-gene-rec-gof-12045cf745bf
- 3 Hot New Liquidity Pools: JT/USDT, TPT/USDT, BAGS/USDT https://lavaswap.medium.com/3-hot-new-liquidity-pools-jt-usdt-tpt-usdt-bags-usdt-fd3ce5111acf
- 4 Hot New Liquidity Pools Announcement: YFI, MDX, SKM and BEE: https://lavaswap.medium.com/4-hot-new-liquidity-pools-announcement-yfi-mdx-skm-and-bee-78685a89f61e
- Sovi: https://lavaswap.medium.com/new-liquidity-pool-announcement-sovi-2-new-pairs-%EF%B8%8F-7385de8ba391
- New Liquidity Pools Announcement: BXS, SLNV2 & HFI + 4 New Pairs: https://lavaswap.medium.com/new-liquidity-pools-announcement-bxs-slnv2-hfi-4-new-pairs-e82bd6a64b78
- Filda: https://lavaswap.medium.com/special-valentines-day-new-liquidity-pool-announcement-filda-6d4a32bc71b0
- SKM: https://lavaswap.medium.com/the-next-heco-token-airdrop-pool-on-lava-is-skm-2d24595ec8f3
- 6 New Liquidity Pools: https://lavaswap.medium.com/official-announcement-6-new-liquidity-pools-for-lavaswap-c9bdf8ba3694
- Chinese New Year Campaign: https://lavaswap.medium.com/lavaswap-heco-chinese-new-year-campaign-announcement-459e588df804
- Reached Peak of $210M TVL!!!
Social Media Statistics
- Telegram: 20,527 members [https://t.me/LavaSwap]
- Twitter: 22,700+ followers [https://twitter.com/LavaSwap]
- Medium: 10,500+ followers [https://lavaswap.medium.com/]
- WeChat: 6,000+ members across various groups
- Yuque: 50+ documents [https://www.yuque.com/lavaswap/]
LAVA Token Economics
LAVA is 100% on HECO, and there is no pre-sale, no VC allocation, and open access for everyone.
Token Supply
The 100 Million LAVA supply will be put in circulation over the next three years, with 70% going to Mining and Staking, 10% to long-term LAVA token holders (DAO), 10% to team members and future employees (DAO), 10% to marketing and ecosystem building.
After the three-year genesis supply is distributed, a perpetual inflation rate of 2% will start, to incentivize participation in the protocol over passive ownership. All token distribution details are subject to change.
Community distribution and Mining
1. Farm Airdrop Pools (3 years, 10%)
The unused rewards of the Airdrop pools will be allocated to LAVA community builders and long-term token holders.
2. Liquidity Mining (3 years, 60%)
60,000,000 LAVA tokens will be mined linearly, and the total daily LAVA reward of the liquidity pool is 54,794.52 LAVA.
Total NEW LAVA in circulation for the first 3 years (163 weeks)
LAVA token initial use cases:
· Special Long-term LAVA HOLDLER Staking Pool and DAO (3 years, 10% in total)
We will announce more details soon. We will assign a time weight to our airdrop program. If you stake LAVA, you will get LAVA. But the longer that you stake, the more you can get.
· Trading Fee and Token Burn System
0.3% of the fees on all trades will be collected and redistributed to benefit the Lavaswap ecosystem. 50% of the total fees will be added to the liquidity pool and accrued in real time. The fees are claimed automatically when withdrawing your liquidity. The other 50% will be used to buyback and burn LAVA.
· Governance & DAO
LAVA holders can use their tokens to vote on governance proposals regarding changes and upgrades to the protocol.
LAVA Lock-up structure:
Total Genesis Supply = 100,000,000 LAVA, no inflation until year 3
Mining and Staking (70%) = 156 weeks, unlocks weekly
Long-term LAVA token holders & DAO (10%) = 156 weeks, unlocks weekly Team lockup (10%) = 104 weeks, unlocks weekly
Marketing, Partnerships & Ecosystem Building (10%) = 104 weeks, unlocks weekly
Key PR Initiatives
https://in.news.yahoo.com/lavaswap-hits-10m-tvl-just-093532552.html
Daily Herald:
Post- Gazette:
Buffalo News:
http://markets.buffalonews.com/buffnews/news/read/40923561/
HPT Pool:
https://www.huobipool.com/announcement/b7
Chronicle Journal:
http://markets.chroniclejournal.com/chroniclejournal/news/read/40923561/
🔥🔥🔥
LAVA is a the first interoperable decentralized cross-chain swap protocol powered by Huobi Eco Chain. We believe that DeFi should be fun and easy to use for everybody.
Be sure to follow us on Twitter, Telegram, and Medium for the latest LAVA news!
