Layered Monetary Independence or LFi is a multi-layered decentralized monetary system that makes use of blockchain expertise and supplies instruments and functions that can assist in creating totally different monetary alternatives for its neighborhood. 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 is known as LFi. It’s used to pay for community companies comparable to sending crypto, minting tokens, calling a sensible contract, and accessing different advantages of the ecosystem when vested. 

vLFi is what a vested LFi token is known as. That is acquired when LFi tokens are used within the community’s vesting protocol, making them non-transferrable tokens. After getting 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 you could find the Web of Folks, a decentralized expertise infrastructure that provides customers management of their information. Consequently, customers can have an environment friendly on-line expertise.  

Furthermore, layer 2 additionally consists of the {hardware}. It has a lineup of three sorts of minting {hardware} and two types of smartphones. One smartphone accommodates a robust minting utility, permitting customers to not solely name, textual content, or go browsing, but additionally to validate transactions, mint tokens, and get token rewards.  

Layer 3: Decentralized Purposes 

LFi’s third and final layer is full of decentralized functions. That is the place you’ll be able to entry the LFi Software program Pockets, decentralized alternate, launchpad, decentralized autonomous group, lending protocol, and extra. 

One of many largest items of this layer is the L-DAO or decentralized autonomous group. This makes the neighborhood the only real proprietor of all the LFi ecosystem. By means of the DAO governance, each member of the neighborhood can vote for the amendments that can enhance the general ecosystem. A person’s voting energy relies on 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 monetary independence. It provides individuals management over their wealth and boasts an inclusive and clear monetary system. LFi is your platform. All you could do is be part of. 

Web site 🔗 https://lfi.io/ 

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