Trade LFi and cLFi on LYOTRADE and Store on LYOWALLET
Users can now buy, sell, and trade LFi and cLFi tokens on the LYOTRADE exchange and deposit and withdraw them on LYOWALLET. The two tokens of the LFi ecosystem were listed in April to make them more accessible to new and experienced traders.
LFi serves as the native token within the LFi ecosystem, utilized for network fees, accessing LFi services, and participating in governance. On the other hand, cLFi functions as the minting token within the ecosystem, enabling the minting of new LFi tokens and staking for rewards. Moreover, the listing of LFi and cLFi on LYOTRADE and LYOWALLET marks a significant feat for the LFi ecosystem.
What is LYOTRADE?
LYOTRADE is a centralized crypto exchange that was established in 2021. The platform is dedicated to facilitating cryptocurrency trading and prioritizes the security of user assets. With its array of features and minimal fees, LYOTRADE ensures efficient and straightforward crypto-to-crypto trading.
In addition to its core trading functionality, LYOTRADE offers various services to enhance the user experience. These include staking services, enabling users to earn rewards by holding specific cryptocurrencies, and crypto loans, allowing users to borrow against their digital assets. Moreover, the exchange supports multiple trading options such as spot trading, margin trading, futures trading, and ETF trading, catering to diverse trading preferences.
What is LYOWALLET?
LYOWALLET is a non-custodial wallet that prioritizes the security and privacy of its users. Once installed on a smartphone, it enables the purchase and trading of cryptocurrencies and digital assets including LFi and cLFi without compromising any personal information. All sensitive data remains fully protected and exclusively stored on the user’s smartphone. Consequently, the wallet’s owner bears sole responsibility for safeguarding their private keys.
In contrast to custody wallets, where a third party has control over the user’s private keys, LYOWALLET operates as a non-custodial solution. Users are provided with a unique private key consisting of 12 words, which grants them complete control and ownership of their cryptocurrencies held within the wallet.
During a transaction, although LYOWALLET is technically connected to the internet, the private keys themselves sign the transaction offline within the hardware wallet. Only after offline signing, the transaction is transmitted online to the blockchain for confirmation. This crucial security measure ensures that even if a computer or phone is infected with malware, it cannot access the user’s funds when utilizing a non-custodial hardware wallet like LYOWALLET.
Impact on the LFi Ecosystem’s Future
The listing of LFi and cLFi on LYOTRADE and LYOWALLET presents a positive outlook for the LFi ecosystem. It amplifies the visibility and adoption of LFi, opening avenues for growth and development. LFi remains dedicated to delivering an exceptional user experience. The team will will expand and refine the LFi ecosystem, collaborating closely with LYOTRADE and LYOWALLET to ensure seamless and efficient trading for all users.
Website 🔗 https://lfi.io/
