Layered Monetary Independence or LFi is a multi-layered decentralized monetary system that makes use of blockchain expertise and offers instruments and functions that may assist in creating totally different monetary alternatives for its group. This text will clarify each layer that makes up the LFi community.
Layer 1: Blockchain and Token
The primary layer of LFi consists of its personal blockchain and token. The native token of the ecosystem known as LFi. It’s used to pay for community providers reminiscent of sending crypto, minting tokens, calling a wise contract, and accessing different advantages of the ecosystem when vested.
vLFi is what a vested LFi token known as. That is acquired when LFi tokens are used within the community’s vesting protocol, making them non-transferrable tokens. After you have vLFi tokens, it is possible for you to to obtain vLFi rewards, Rating System advantages, and the privilege to vote in L-DAO.
The LFi Chain is the ecosystem’s personal blockchain whereby the native tokens and decentralized functions will likely be launched. Initially, LFi’s tokens and apps will likely be launched on the BNB Chain and are anticipated to be transferred to its personal blockchain in late 2023.
Layer 2: IoP and {Hardware}
The second layer of LFi is the place yow will discover the Web of Folks, a decentralized expertise infrastructure that offers customers management of their information. In consequence, customers can have an environment friendly on-line expertise.
Furthermore, layer 2 additionally consists of the {hardware}. It has a lineup of three forms of minting {hardware} and two sorts of smartphones. One smartphone accommodates a strong minting software, permitting customers to not solely name, textual content, or go surfing, but in addition to validate transactions, mint tokens, and get token rewards.
Layer 3: Decentralized Purposes
LFi’s third and final layer is filled with decentralized functions. That is the place you possibly can entry the LFi Software program Pockets, decentralized alternate, launchpad, decentralized autonomous group, lending protocol, and extra.
One of many greatest items of this layer is the L-DAO or decentralized autonomous group. This makes the group the only real proprietor of all the LFi ecosystem. By way of the DAO governance, each member of the group can vote for the amendments that may enhance the general ecosystem. A consumer’s voting energy is determined by the quantity of vLFi tokens they maintain.
LFi is the Folks’s Platform
Layered Monetary Independence is a decentralized platform that helps customers obtain a brand new idea of economic independence. It provides individuals management over their wealth and boasts an inclusive and clear monetary system. LFi is your platform. All it’s worthwhile to do is be a part of.
Web site 🔗 https://lfi.io/
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