Lovely Finance | Sophisticated DeFi Protocol
The current banking market still uses a traditional centralized system that is vulnerable to being monopolized because there are not many ways for consumers to access financial services where a centralized financial system requires everyone to need a centralized authority intermediary such as a bank or broker. A lot of time and money is wasted In a centralized system, when someone will make transactions in a traditional checking account and every such transaction will be recorded in a private ledger where the transaction history is managed by a large financial institution or government which is prone to manipulation. Blockchain technology introduces a new innovation namely DeFi which eliminates this role with a public ledger that is decentralized and distributed on a public network where every financial transaction will be recorded in sophisticated computer code and everyone can access their funds without the need to go through a centralized intermediary. Blockchain that changes the Financial system to be more Decentralized which is a centralized financial system that eliminates the role of centralized intermediaries and allows everyone to make transactions through P2P or Peer-To-Peer exchanges and through Decentralized Finance maximizes the potential of Blockchain to transform into various kinds of financial transactions that are initially only simple Transactions and now can be used for more complex finances transaction such as the Traditional Banking System. Lovely Finance is a unique community based DeFi Ecosystem that offers the future of DeFi systems.
What is Lovely Finance
Lovely Finance is a new DeFi Protocol that creates a Decentralized financial Ecosystem that designs an open access system utilizing Blockchain technology where it creates a decentralized form of currency which enables an advanced intelligent infrastructure built around a Decentralized as well as Community based Digital economy through Blockchain Technology used on a transparent and distributed public network. Lovely Finance DeFi Protocol Offers a unique and innovative new DeFi concept in the digital economy sector that enables complex financial processes similar to traditional financial markets through highly efficient decentralized technology and In addition Lovely Finance Protocol offers full implementation and Community Based DeFi concept with ecosystem DeFi is managed by its own community where each contributor has the right to choose the development of the platform through the Governance System which will be implemented on their DeFi protocol.
The Lovely Finance team designed the DeFi Protocol which provides a unique platform enabling multiple different revenue streams with High Multiplier Yield Farming Concepts, especially for tangible assets owned by its users. Through Blockchain Technology, Lovely Finance tries to turn a centralized system into a fully Decentralized with access for everyone by Creating a transparent and distributed future financial system through their DeFi protocol. Lovely Finance's Financial Ecosystem offers unique features such as Pool enabling High APY multiplier at low native currency fees and instant Swap feature via DEX which enables instant swap process at real time rates. Lovely Finance Team also created an innovative new DeFi system that is built on the Binance Smart Chain Network so that the costs and time required are very low and become one of the bridges for traditional investor systems to enter the crypto market. For more details About Lovely Finance , you guys can read more details about their System on their official website here; https://lovely.finance/
What is Lovely Token?
Lovely Token is the original currency in the form of Tokenization on the Public Blockchain network that will be used in the Lovely Finance DeFi Protocol as the main transaction tool especially for paying for various services, swaps, staking or forms that are markers for the public to get voting rights. Lovely Token is based on Blockchain Technology which is transparent and distributed via BSC (Binance Smart Chain) thereby facilitating various transaction processes through advanced Smart Contract Automation and Creating a new digital economy trend that is more efficient and innovative. Lovely Finance's DeFi Protocol also implements a system that gives rewards to its holders, namely that every top 10 Buyers will be rewarded with 30% of the total they buy in 1 day, They will also integrate NFT which will use this token as the main transaction tool. Lovely Finance maintains liquidity with a diversified pool and initial liquidity backed by a community built development fund and this ensures a fully community run DeFi Ecosystem.
Roadmap
Conclusion
Blockchain technology is one of the new innovations in the global market that introduces a new, more innovative system and one part of Blockchain Innovation is DeFi or Decentralized Finance where this is one of the innovations in the Global market through Blockchain technology which introduces a new financial system with a market size that large and has increased 2x compared to 2 years Previously, DeFi Users also continue to grow and Even so the DeFi Market which lacks innovation and profit-oriented makes its development stalled and therefore Lovely Finance offers all its users a new DeFi system with advanced Smart Contracts and reward system which maintains the value of the ecosystem through a unique protocol that provides maximum transparency and is run entirely by the Community. Lovely Finance also offers secure tokens with NFT implementation which will be implemented in the future. This is a good project and I really recommend you guys to be a part of this great protocol!
I think that's enough for now, dont forget to follow & upvote for more content about new potential projects, I will provide some links related to Lovely Finance Ecosystem Below. Thank you very much!
Website: https://lovely.finance/
Twitter: https://twitter.com/Lovely_finance
Telegram: http://t.me/lovelyinu
Instagram: https://instagram.com/lovely_inu
Youtube: https://youtube.com/channel/UC8zILmP8leSpFqOnUdFIpUQ
Whitepaper: https://lovely.finance/assets/images/whitepaper.pdf
Authored By Adria Pedrosa
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