CORE
by BSCN
January 26, 2023
LFGSwap joins the Core DAO ecosystem and promises to create a leading DEX across the DeFi space.
Since launching Core mainnet, numerous protocols have shown interest in building on the secure, scalable, and decentralized blockchain. LFGSwap is one of the newest members of the Core DAO ecosystem.
LFGSwap provides Core users with a one-stop solution for swapping on the next-generation blockchain. The Decentralized Exchange (DEX), on January 18, deployed its platform on the Core chain. The protocol published a statement announcing the ground-breaking achievement to users. The team also revealed its plans to work with numerous protocols and developers on Core.
“Core is a Turing-complete blockchain leveraging the Bitcoin mining hashrate and the Ethereum Virtual Machine (EVM). LFGSwap sees an incredible opportunity to join an ecosystem with so many builders and to work together with many projects through our recognized products such as Swap, Farm, Pools and IFO,” LFGSwap disclosed on Medium.
As part of its launch on the Core chain, the LFGSwap team released new tokenomics of its native $LFG token. LFGSwap has made significant progress in the past month. According to the protocol’s website, over 50,000 users have utilized its platform in the past month, recording $5.3 million in Total Value Locked (TVL).
The DEX will build on these impressive statistics after moving to the Core chain and developing a leading decentralized platform in the industry. Visit the LFGSwap website for more details about its offerings.
Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the history of the crypto ecosystem paired with an even greater excitement for Core’s role in its future.
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