Lydia Finance — Automated Market Maker, Yield Farming, and Staking platform on Avalanche
Lydia Finance is a decentralized exchange (DEX) running on Avalanche. The exchange is an automated market maker (“AMM”) that allows two tokens to be exchanged on the Avalanche Network. On top of that, you can earn LYD tokens with farming, staking, our and earn even more tokens with Electrum pools.
The ability to swap many different cryptocurrencies while maintaining custody of your coins is an improvement in safety when compared to using centralized exchanges. Centralized exchanges (CEX) require the user to trust another entity with their funds and as we know it doesn’t always work out well. Sometimes they also won’t let you withdrawal or deposit funds in a timely manner which most users have experienced and it can be extremely frustrating. An increasing number of users are finding out how easy and convenient it is to use DEX’s over CEX’s.
How can Lydia provide liquidity for users? This is where farming comes in, we provide the user with an incentive to provide liquidity for the DEX by staking LP tokens and earning a reward in LYD. So instead of centralized market makers we allow the users to provide liquidity to the DEX allowing for a more decentralized platform. This also provides utility to the LYD token.
What other utility does the LYD token have? We also offer high APY staking pools which do not have the risk of impermanent loss (IL). Another feature we have on our platform is the lottery. This will allow users to use the LYD token to participate in a lottery which gives the user multiple chances to win LYD tokens. Over time will add more utility for the token as well.
Tokenomics
Total Supply ≈540.000.000 LYD
Farmers → 61% — 329.400.000 LYD
LYD Holders → 21% — 113.400.000 LYD
LYD Airdrop → 3% — 16.200.000 LYD
LYD Developer & Team → 15% — 81.000.000 LYD
Ticker: LYD
Contract Address: 0x4C9B4E1AC6F24CdE3660D5E4Ef1eBF77C710C084
Chain: Avalanche C-Chain (ERC-20)
Emission rate: 10 LYD/second
Emission rate:
LYD tokens are produced based on the UNIX timestamp. No matter the block number, 10 LYD tokens are produced per second.
Are timestamps safe to rely on?
On Ethereum no, On Avalanche YES!
Since miners can manipulate block timestamps, the usual way of measuring time in Solidity contracts on Ethereum is to use block height. See vulnerability details here.
On Avalanche, timestamps are guaranteed to be accurate to within 30s of the real-time and guaranteed to be increasing. This blog post explains the details.
Guaranteed timestamps allow us predictable token production and offer much more accurate APY rates.
Road Map
Already Done :
20th April — Launch Lydia Finance.
21st April — listing.
21st April — release of analytics site.
23rd April — listing.
23rd April — Determined 1st airdrop winners.
23rd April — Announced details about 1st airdrop.
24th April — listing.
25th April — Add all initial pairs to the farm.
28th April — Partnership with Olive.
29th April — Airdrop distribution is done.
30th April — Remaining part of airdrop allocation of 16,500,000 LYD burned.
4th May — listed on CoinGecko.
5th May — Partnership with .
6th May — listed on LiveCoinWatch.
12th May — LYD Auto Compounder.
27th May — Lottery released.
1th June . — listing.
3rd June — Partnership with Avalaunch.
14th June — completed.
16th June — 600,000 LYD burned.
17th June — Maximus the yield maximizer launched.
23rd June — with Penguin Finance.
23rd June — 1,000,000 LYD burned.
29th June — with the official Avalanche team.
2nd July — Emission update as 8 LYD/sec.
3rd July — AMA on official Avalanche telegram channel.
17th July — LYD/AVAX pair listed on Trader Joe.
29th July — .
31rd July — 1.500.000 LYD burned.
1th August — Lydia Finance promoted on markr.io.
3th August — listing.
3th August — listing.
8th August — (Bridge) released.
11th August — announced.
10th August — listing.
20th August — .
22th August — listing.
24th August — listing.
25th August — with Verso Finance.
25th August — LYD/AVAX launched on Pangolin farms.
26th August — with Canary Finance.
3rd September — integration released.
3rd September — with Ankr.
4th September — with Everest Labs.
10th September — Everest DAO .
12th September — Emission update as 6 LYD/sec.
16th September — 2,000,000 LYD burned.
23th September — token launch (IFO).
27th September — 1,562,500 LYD burned.
27th September — LYD/USDT pair listed on .
11th October — with AVME.
19th October — with OrcaDAO.
2nd November — Maximus .
7th November — Lydia Launchpad V2 smart contract audited by Paladin. See Report .
8th November — A UI update consist of numerous improvements went live.
10th November — token launch (IFO).
16th November — with O3 Labs.
17th November — 12,000,000 LYD burned.
20th November — with Hurricane Swap.
23rd November — with GoodFire.
24th November — with Kaira Network.
25th November — with AvaOne Finance.
2nd December — AvaOne .
6th December — Lydia UI update brings price charts.
10th November — AvaOne token launch (IFO).
16th December — and launched.
16th December — 5,500,000 LYD burned with a $200,000 buyback.
In progress:
New Info/Analytics site
UI design update
To do:
Zap
NFT Gamification (Profiles)
The Lydia Meme Token
Investors
Lydia is not looking for venture capitalists as they like to implement a fair launch structure which they did by airdropping tokens to the Avalanche community. However, they are currently working on some partnerships and will announce them soon.
Website: www.lydia.finance
Twitter: twitter.com/LydiaFinance
Medium: lydiafinance.medium.com
Telegram: t.me/LydiaFinance
