Felix.com has again added another token to its arsenal of tradeable DeFi assets.
The latest DeFi token to grace the Felix.com order books is from the Lif3 protocol and is aptly called $LIF3. The Lif3 protocol was born and raised on Tomb Chain, the optimistic Layer-2 rollup for Fantom Opera. So what is Lif3, and what does it do?
Lif3 is an ambitious project built from the ground up through the leadership of Harry Yeh, the owner and operator of the Tomb protocol on Fantom. Lif3 runs complementary to Tomb and Fantom in many ways: from their Liquidity Pools to their Genesis and staking features, the trilogy of tokens perfectly harmonises.
Lif3 eventually aims to transition into one of the world's first permissioned Layer-1 blockchains. The permissioned aspect of the chain will help keep the bad actors out of the ecosystem and reap the benefits of stability, safety, and speed on-chain.
In the current working model of Lif3, there are many ways to earn yield. Lif3 has an in-protocol DEX used for making token swaps on Tomb Chain. The Garden is the traditional Liquidity Providing section where users can build LPs with several different tokens and then stake them for rewards. These rewards are in the form of $LSHARE. $LSHARE can then be staked in the Fountain, and when the conditions to print are met, $LIF3 tokens will be emitted to users who have staked, and the expansion of the $LIF3 circulation supply will commence.
Lif3 does not stop at the Garden; in fact, that is only just the beginning. Lif3 also has LP Leveraging, Supply and Borrow, auto-compounders, and a Genesis-type single-stake option called the Nursery.
The latest news from Lif3 is the announcement of their mobile Lif3 Wallet and that they are planning to go cross-chain, starting with the BNB Chain (formerly Binance Smart Chain).
We are pleased to list $LIF3 on Felix.com, and we can’t wait to see what comes next from the Lif3 team.
