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Lydia Finance

Lydia Finance

Lydia Finance is a decentralized exchange (DEX) running on Avalanche.

About Lydia Finance

Lydia Finance is a decentralized exchange (DEX) running on Avalanche. The exchange is an automated market maker (“AMM”) that allows two tokens to be exchanged on the Avalanche Network. On top of that, you can earn LYD tokens with farming, staking, our and earn even more tokens with Electrum pools.The ability to swap many different cryptocurrencies while maintaining custody of your coins is an improvement in safety when compared to using centralized exchanges. Centralized exchanges (CEX) require the user to trust another entity with their funds and as we know it doesn’t always work out well. Sometimes they also won’t let you withdrawal or deposit funds in a timely manner which most users have experienced and it can be extremely frustrating. An increasing number of users are finding out how easy and convenient it is to use DEX’s over CEX’s.How can Lydia provide liquidity for users? This is where farming comes in, we provide the user with an incentive to provide liquidity for the DEX by staking LP tokens and earning a reward in LYD. So instead of centralized market makers we allow the users to provide liquidity to the DEX allowing for a more decentralized platform. This also provides utility to the LYD token.What other utility does the LYD token have? We also offer high APY staking pools which do not have the risk of impermanent loss (IL). Another feature we have on our platform is the lottery. This will allow users to use the LYD token to participate in a lottery which gives the user multiple chances to win LYD tokens. Over time will add more utility for the token as well.