What Is LavaSwap?
LavaSwap is the first interoperable decentralized cross-chain swap protocol powered by Huobi Eco Chain.
We are creating an automatic market making DEX. We envision a world where all crypto assets can come play in our BLAZING DeFi playground.
We believe that DeFi should be fun, simple, and easy to access.
We are the first foreign-based #HECO project that reached a TVL (Total Value Locked) of over $200 million… and we did it million in just 11 days since launch! 🔥
Unique components of LavaSwap
- Melting Pool Bridge: add any crypto asset and bridge it to other leading chains. LAVA’s cross-chain bridge will open up assets to play across the whole crypto world.
- Blazing DeFi Playground: Magma Mayhem Pools with fiery APYs and special features.
- Inferno Swaps
- NFT swaps and staking (coming soon!)
- Much more
- LAVA holders can use their tokens to vote on governance proposals regarding changes and upgrades to the protocol.
- We are the first HECO AMM to offer new-to HECO, yet already established alt-coin liquidity pools (LPs)
- We’re taking full advantage of the Huobi community by providing arbitrage opportunities amongst HECO tokens that are hosted on Huobi.com in the near future.
- We’ve got a brand new, smarter (and cheaper) farming experience ready to melt your face off with. Together, with one of the top global crypto ecosystems -Huobi. The sky is the limit!
What Makes LAVA Special vs Other DEX Projects
Main advantages of LAVA:
- Built on HECO: faster & cheaper transactions, huge community, support from Huobi (one of the main crypto exchanges in the world).
- Cross-chain bridge: connecting different assets on different chains. Easier accessibility to new assets and innovations.
- Insane TVL growth: from 0 to $30m Total Value Locked in a week.
- Fiery APYs: great % for early supporters.
- Current & upcoming supported formats (on cross-chain bridge):
- HECO
- BSC
- ETH
- DOT
- TRON
- Other top DeFi projects
- More
6. Focus on interoperability: fewer barriers to entry, freedom of access to new assets and innovations.
7. Community governance: LAVA holders can use their tokens to vote on governance proposals regarding changes and upgrades to the protocol.
Why LAVA’s DeFi is so powerful and inevitable.
DeFi, short for Decentralized Finance, is the idea that traditional financial models (banks, loans, mortgages…) can be recreated using blockchain technology, eliminating costly middlemen, making every process simpler, more accessible, and faster.
DeFi is often called Open Finance, because it offers an easier point of entry for people that otherwise could be left out of financial services.
2020 was a very transitional time.
Look at Wall Street Bets. People from a Reddit community completely reshaped the entire stock market using memes.
People don’t trust institutions anymore. Look at the stock market. Everything is manipulated by huge faceless billion dollar corporations and people are tired of it.
In 2018 when you look back at the ICO boom, it was all about which investor was in a certain project. Which exchange?
In the past it was only for the big players. Now everyone can truly own their piece of something big or small.
The cryptocurrency market has seen an unprecedented explosion of DeFi applications, services and projects. While it’s early, DeFi can have a huge impact on many different industries and sectors.
A new wave of financial innovation is upon us. Decentralized Finance (DeFi) provides the solid foundation for new financial services that are so powerful and advantageous that we will soon look back on them and question how we ever operated without them.
Decentralized financial instruments make cryptocurrency and the blockchain sector capable of accomplishing what was once only possible in traditional money markets. Services such as borrowing and lending can now take place in a wholly decentralized manner, without ever involving banking institutions.
Decentralization will continue to be the essence of blockchain projects moving forward. With DeFi, there are a lot of new opportunities to explore.
When it comes to the DeFi movement, the time is now to create value for the world.
As DeFi grows further, interoperability and opening access to emerging ecosystems such as HECO and traditional markets will enable greater mainstream adoption.
How We Are Expanding The LavaSwap Ecosystem
The cryptocurrency market has seen an unprecedented explosion of DeFi applications, services and projects. While it’s early, DeFi can have a huge impact on many different industries and sectors.
For LAVA, we want interoperability to be front and center.
While we think the ETH network is great, DeFi does not belong only to one chain. It should be accessible for everyone.
As DeFi grows further, interoperability and opening access to emerging ecosystems such as HECO will enable greater mainstream adoption.
The problem with DeFi right now is that it’s really only used by crypto enthusiasts in developed countries. UI issues as one of the four pain points for DeFi.
The user experience needs to dramatically improve to be usable by the non-crypto layperson from both the user interface and ‘requisite starting knowledge’ level. Moving past the usability hurdle will allow stakeholders to focus on matters like liquidity, which becomes even more significant once scalability increases.
That’s what we are doing at LavaSwap: creating simple and fun products, that work in different ecosystems, making them more accessible for the average consumer. Cross-chain is a must because DeFi should not be limited by individual networks.
An end product that is simple to use and accessible is the whole premise of DeFi, and together with HECO, we will make it happen. With one of the top global crypto ecosystems by our side-Huobi, the sky is the limit!
Why HECO Will Succeed
HECO is a DeFi-focused chain with rapid transaction times, low gas fees and a massive built-in community from the world-class Huobi exchange ecosystem.
HECO will allow a new wave of DeFi applications and projects for two main reasons:
- Technology: built with faster transaction-output, lower gas fees, and full EVM compatibility, HECO is a great chain to achieve every DeFi dream. It is cheaper and faster than every other network, like Ethereum, Binance Smart Chain, or Polkadot.
- Standards: Huobi values are present in HECO, as well as an amazing brand behind the chain, and a massive community built by the Huobi exchange ecosystem overtime.
Look at the ETH price. When Uniswap was pumping at the beginning it was prohibitive to get in. Only the big whales could play, creating a class barrier.
DeFi has gamified decentralized finance. Anyone big and small can play, and HECO enables that, because they have built an important infrastructure.
LAVA’s Development Plans On HECO
HECO will help LavaSwap build cross-chain applications that couldn’t be possible in any other chain:
- We are developing LAVA’s cross-chain bridge, opening up assets to play across the whole crypto world.
- We are also building NFT and inferno swaps, as well as new Magma Mayhem Pools, with fiery APYs and special features.
- We want to involve the #HECO community into the governance of LAVA, as holders can use their tokens to vote on governance proposals regarding changes and upgrades to the protocol.
- We will continue to offer established alt-coin liquidity pools (LPs) into the HECO ecosystem.
- We want to continue improving our farming pools, with new, smarter and cheaper experiences, ready to melt your face off with!
- We will be providing arbitrage opportunities amongst HECO tokens that are hosted on Huobi.com in the near future.
We see the HECO ecosystem expanding fast. DeFi has caught the attention of many people, and the demand for it will only get stronger. We don’t think the ETH network will be the only provider, so having a strong name such as Huobi will help the HECO ecosystem a lot.
We believe that DeFi should be fun and easy to use for everybody, and with the help of HECO, we will achieve it. It’s exactly what we need!
Working With HECO
It is a great pleasure to work with HECO. The team is has a lot of knowledge about the blockchain industry, and they are very professional.
HECO has a very impressive community and everyone is willing to learn about DeFi, and the opportunities that come with it.
The ecosystem partners are amazing projects, and we have had the chance to build good relationship with some of them.
We are really excited to be featured in many media platforms thanks to our involvement on HECO. We are looking forward to expanding the ecosystem and growing alongside it!
How We Built Our Community
It is cool to be part of building something from the ground up with HECO!
It is a great time to start and leverage our strong overseas influencer relationships and product are willing to play and the rules are favorable to users.
Our ecosystem is being built by the people and for the people. Over 90% of LAVA is purely for those who participate; no one can manipulate it.
We publish all our security audits. We have our DEX ready to launch, but we’ve made sure everything is audited and secure first.
Transparency, genuine community participation and most importantly fun are critical for DeFi to go more mainstream.
And we hope to deliver that with LAVA.
Thank you. Let’s continue to build something BLAZING hot together.
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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!
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