Lydia Finance x Traverse Partnership
We are proud to announce that we are starting a partnership with Traverse! Traverse is the First Multi-Chain Decentralized Reserve Currency protocol on Avalanche! We will have some more updates about how we will be working together in the future.
Traverse is the first Multi-Chain Decentralized Reserve Currency protocol currently available on the Avalanche Network based on the VERSE token. The premise of VERSE is that it is backed by various assets (e.g., DAI, VERSE-AVAX LP Tokens etc) in the Traverse treasury, giving it an intrinsic value that it should never fall below. Traverse also introduces economic and game-theoretic dynamics into the market through staking and minting.
Traverse is more than just a Reserve Currency protocol; It aims to enhance the protocols use of Treasury funds through an extra Cross-chain Optimization Layer. This will be done through a unique approach of bridging Liquid assets over its multiple chains in order to provide an even more discounted bond prices, higher staking rewards & stabilizing VERSE price when it’s doomsday (❌, ❌). Simultaneously, this will have little to no effect on outperforming Chains.
About Lydia Finance
Lydia Finance is an Automated Market Maker, Yield Farming, Staking, and Launchpad platform on Avalanche.
Their rich UI and comprehensive documentation/tutorials allow every level of user to invest in DeFi and maximize their earnings by taking advantage of Avalanche’s lightning-fast infrastructure with very low gas costs.
Trade, stake, pool, and earn $LYD and many other token utilities all on Lydia Finance.