LuckyFinance Introduction

5 min readJun 5, 2023

1. LuckySwap — — A One-stop DeFi Platform based on zkSync Era

LuckySwap is a DeFi platform based on zkSync Era, which integrates DEX, NFT, Dao and game. It aims to promote the free convertibility of ecological high-quality digital currency of zkSync Era, provide liquidity for digital assets on zkSync Era, provide one-stop liquidity service for more high-quality assets, provide users with more secure, reliable, diversified and cost-effective transaction experience, and provide users with innovative blockchain applications.

2. Products

LuckySwap is a DeFi platform based on zkSync Era blockchain. It will build a new ecological paradigm of DeFi , NFT , Dao and Games in zkSync Era, and continuously launch many practical and innovative products for users, such as NFT, Games and other hot market applications.

LuckySwap will minimize the operation steps, increase the revenue dimension and lengthen the revenue cycle on the premise of ensuring the security of the account and property, so that the DAPP can easily obtain multiple revenue.

LuckySwap APP ( A Decentralized Wallet )

In terms of product presentation, in addition to launching web app and accessing third-party wallets, LuckySwap will also create an independent decentralized wallet, which will further reduce the difficulty of users using DeFi.

At the same time, LuckySwap’s products can be centralized, so that users can use all our products with one click. Users can have a simple and smooth product experience to meet the efficient use of cryptocurrency investors including new users, old users and professional users and so on.

DEX

Based on the decentralized trading of the Fund Pool Auto-Marketing ( AMM ) and reducing the complexity of user operations, WaveSwap’s DEX products will support both transaction mining and liquidity mining, with the lowest transaction fee on the entire network at 0.25%.

Twelve constellations NFT

Twelve Constellation is an innovative NFT system created by LuckySwap that integrates card, battle, collection, formation, player PK and other play, resulting in 12 levels of constellation NFT,correspondingto Aries and Taurus Constellation, Gemini, Cancer, Leo, Virgo, Libra, Scorpio, Sagittarius, Capricorn, Aquarius, Pisces, and each constellation NFT has different properties such as rarity, attack value, and so on.

Twelve Constellation combines NFT with LUCKY economic models and mining mechanism depth to maximize empowerment wave and motivate players to participate. Let users enjoy both the fun of the game and the benefits of the WaveSwap mining incentives as they participate in NFT games.

Ecological games

LuckySwap will play a number of fun games for users during the development process, and all proceeds from eco-games will be used to feedback the WaveSwap itself, such as buying back LUCKY tokens or adding liquidity to LUCKY.

DAO

LuckySwap will develop the Dao organization of the platform from the following three aspects:

DAO Fund: Fund for continuous research and development and expansion of LuckySwap community ecology

DAO Governance: We will relentlessly pursue decentralized autonomy, and LUCKY-owned users will be able to initiate bills to the system and vote on bills related to block incentives, production reduction cycles, new currencies online, trading on liquidity weighting adjustments.

Dao Community: A decentralized community forum that is a hub for LuckySwap users who can use LUCKY to enjoy quality content.

IMO

Other start-ups in zkSync Era can raise development funds through LuckySwap’s modules, holding LUCKY to meet a certain amount to enter the whitelist

Cross-chain bridge

We will develop cross-chain bridges across blockchain ecosystems into zkSync Era phase to achieve more tradable goals.

Financial Derivatives

With the increasing trading volume and liquidity of LuckySwap, the platform will gradually enrich the product structure and develop more mature and available innovative derivatives trading, such as leverage products and futures products. But we will continue to follow the principle of decentralization.

Decentralized lending

Decentralized lending products based on zkSync Era.

3. Features

AMM Trading

The decentralized trading platform based on the Automatic Market making mechanism (AMM) of the fund pool developed in zkSync Era allows the exchange of any two tokens on zkSync Era. It is also possible to further increase revenue through the methods of transaction mining and liquidity mining.

Fair mining

Users can obtain mining rewards by trading on LuckySwap, providing liquidity, participating in ecological applications, NFT modules, etc.

One-stop DeFi Hub

LuckySwap will build a one-stop DiFi platform on zkSync Era, integrating DEX, NFT, Dao, game, etc.

Although DeFi is in the early stage of development, we can still make more user-friendly iterative products leading the market on this basis, so that users from different fields can try to trade cryptocurrency. To provide users with the most cutting-edge blockchain application services, innovation will be the booster of the rapid development of LuckySwap. Through a series of ecological applicationsWill continueEmpower LUCKY.

Handling fee

The transaction on LuckySwap will be charged 0.25% of the transaction fee. The transaction fee and other system income of LuckySwap will be used in full to add liquidity to the LUCKY trading pool or buy back the LUCKY token. The specific strategy will be decided by vote.‌

Vault

In the unique incentive pool in the LuckySwap ecosystem, all LUCKY produced by mining will automatically enter the Vault by default and with a three-month freeze period. You can choose to continue to mortgage into the Vault Pool to enjoy dividends. If you choose to withdraw the proceeds in advance, a 30% penalty will be charged. The fine will automatically enter the Vault Pool, and the users locked in the Vault will be distributed weekly according to the proportion. The LUCKY obtained by the user when locked in the Vault Pool can be withdrawn at any time.

Low Transaction fee and fast closing

In the face of unfriendly experiences such as Ethereum’s high gas fee and congestion, low gas fee and more efficient transactions are the main reasons of we chose zkSync Era, the fastest growing and most ecologically optimal Ethereum two-tier network and LuckySwap’s best choice.

Multi-chain interoperability for transaction expansion

We will start the development of cross-chain bridges in the second phase, bringing more high-quality encrypted assets into zkSync Era ecology,LuckySwap will support more cross-chain transactions, and the expansion of IMO will expand the value of LUCKY tokens raised.

DAO Community Autonomy

LuckySwap is founded by a group of enthusiasts who love blockchain technology and decentralized concepts and is confident about DeFi and the future of decentralization. The goal is to create an organization based on blockchain technology and the community of DAO organizations, with the idea of creating community value. It is hoped that the management of the project will eventually be returned to the community and that decentralized operations will be truly realized.

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