Launching De-Fi Service Lemonade

We would like to introduce the De-Fi service of LEDGIS blockchain, Lemonade protocol.

Lemonade protocol is a comprehensive De-Fi service operating on LEDGIS mainnet. Lemonade helps LED holders create more profit with their digital assets and also contributes to expanding the LEDGIS ecosystem.

Lemonade offers its first staking service in which you can receive both interest and Lemonade governance token LEM rewards depending on product type.

Let’s take a look at the advantages of the Lemonade Protocol.

1. Free Staking Fee

In the case of existing De-Fi services, there are many restrictions on the use of services(deposits/loans, etc.) by individual due to the high volatility and high gas fee, but Lemonade does not receive fees from individual users and returns all staking rewards to the stakers.

2. Guaranteed Fast TPS

Based on DPoSS, the reliability of data is guaranteed by 21 block generating nodes that are elected through free competition, so the transaction processing speed is guaranteed to be 3,000 TPS, which is hundreds of times that of Ethereum.

3. Easy-to-use Comprehensive De-Fi Portal

It boasts innovative convenience with a UX that identifies and manages assets scattered across numerous services at a glance, allowing even the general public who are not familiar with Crypto to easily use it.

Next, let me introduce the various services provided by Lemonade.

Depending on the roadmap stage, various financial services will be launched based on LEDGIS wallet, and only the LED staking service is currently available.

1. LEDGIS Wallet
LEDGIS wallet, based on LEDGIS mainnet, allows convenient management of deposit and withdrawal of LED tokens and ERC-20 tokens, and account can be easily created through identity authentication. In addition, simple biometric log-in function enables safe account management and quick and easy cryptocurrency transfer.

2. Staking
By freezing(staking) assets on the network under certain conditions, you can contribute to the ecosystem and receive rewards for it. Each product has different interest rates depending on the deposit period, and three staking products are currently available.

(1) No vesting, fixed-income product(fixed interest rate of 10% per year)
(2) 1-month vesting, fixed-income product(30 days non-staking, fixed interest rate of 10% per year)
(3) 1-month vesting, flexible-income product(30 days non-staking, up to 50% variable interest per year)

*Ecosystem contribution by staking: As the number of frozen LED increases, the number of LED coins in circulation decreases and it leads to increase in LED coin value.

3. Bridge
Coins from other blockchain networks can be exchanged for LEDGIS mainnet coins.

4. Pool
You can deposit your coins in the pool and make a profit from pool transaction fees and LEM rewards.

5. Swap
Coins in the Lemonade pool can be bought and sold immediately at any time.

6. Long/Short Battle
Besides staking, we thought of a fun way to allow users earn more profit. It is a betting battle to predict the rise/fall of the Bitcoin price with the LED coins you have. If you win the bet, you can make a profit.

7. NFT Market
You can also purchase NFTs with LED tokens, and collectors who own NFTs can earn extra profit from Lemonade. We are preparing various ways to link Lemonade with the RealCollection, the premiuim art-based NFT marketplace powered by LEDGIS blockchain.

Lastly, we would like to inform you about the roadmap for Lemonade De-Fi products.

Lemonade is going to launch products in three stages: Phase 1(Staking, DEX), Phase 2(Lending, NFT collateral connection), and Phase 3(Comprehensive DeFi Portal). It will be established as comprehensive digital asset management portal connected with other ecosystems.

Phase 1(Mar 11, 2022)
- Development of staking protocol

Phase 2(Apr 15, 2022)
- Development of cross-chain bridge
- Development of P2P cryptocurrency trading DEX platform
- Development of oracle contract for cryptocurrency market

Phase 3(May, 2022)
- Development of P2P cryptocurrency deposit/loan protocol
- Development of a comprehensive cryptocurrency platform

We will release more series about Lemonade. Stay tuned for more update!