Layered Financial Independence or LFi is a multi-level decentralized financial system which uses blockchain technology and provides tools and applications that will help create different financial opportunities for its community. This article explains each layer that makes up the LFi network.
Layer 1: Blockchain and Token
The first layer of LFi consists of its own blockchain and token. The native ecosystem token is called LFi. It is used to pay for network services such as sending crypto, minting tokens, invoking a smart contract, and accessing other ecosystem benefits when acquired.
vLFi this is called an acquired LFi token. This is acquired when LFi tokens are used in the network’s acquisition protocol, making them non-transferable tokens. Once you have vLFi tokens, you will be able to receive vLFi rewards, ranking system benefits, and the privilege of voting in L-DAO.
The LFi chain is the ecosystem’s own blockchain in which native tokens and decentralized applications will be launched. Initially, LFi’s tokens and applications will launch on the BNB chain and are expected to migrate to its own blockchain in late 2023.
Layer 2: IoP and hardware
The second layer of LFi is where you can find the internet of people, a decentralized technology infrastructure that puts users in control of their data. As a result, users will have an effective tool online experience.
In addition, Layer 2 also consists of the material. It offers a range of three types of typing hardware and two varieties of smartphones. A smartphone hosts a powerful minting application, allowing users to not only call, text, or go online, but also validate transactions, mint tokens, and earn token rewards.
Layer 3: Decentralized applications
The third and final layer of LFi is full of decentralized applications. This is where you can access the LFi Software Wallet, Decentralized Exchange, Dashboard, Decentralized Autonomous Organization, Lending Protocol, and more.
One of the biggest pieces of this layer is the L-DAO or decentralized autonomous organization. This makes the community the sole owner of the entire LFi ecosystem. Through DAO governance, every member of the community can vote for amendments that will improve the overall ecosystem. A user’s voting power depends on the number of vLFi tokens they hold.
LFi is the Popular Platform
Layered Financial Independence is a decentralized platform that helps users achieve a new concept of financial independence. It gives people control over their wealth and benefits from an inclusive and transparent financial system. LFi is your platform. All you have to do is register.
Website 🔗 https://lfi.io/
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