The Lydia Rebirth

Hey Lydians!

We are extremely excited to share with you something that you have all been waiting for! That’s right the major updates that we have alluded to! The Lydia Rebirth is something that we have all felt was needed to bring Lydia back to its glory! Also in DeFi things are evolving fast so we want to keep progressing as much as possible. Some of these updates were also in our roadmap in more simplistic forms and some are completely new. So in this article, we will go over the general plans and in later articles, we will go more in-depth into each feature.

So let’s jump right into it!

New UI/UX and New Branding

Many users in DeFi complain about it being complicated to use and not intuitive. With Lydia’s new UI we are looking to change that! We want to make it so that even a brand new user can figure out how to use our DeFi features on Lydia.

So for the UI, we are making it more simplified because we want it to be easy to use for all users even if you are brand new to the space. Also, we are making a new logo for Lydia! Since Lydia is having a rebirth we thought it would be fitting to update everything, even the logo.

New AMM!

That’s right, we are moving to a more advanced AMM that will have many cool new features!

Some of the features are:

• Dynamic Fees
• Concentrated Liquidity
• Faster than our current AMM
• It will also be able to use Lending assets as liquidity as well!
• More details to come

Leveraged Yield Farming

Many of you might have read our recent article a few weeks back on Leveraged Yield Farming and already know what it is. Basically, you can leverage your assets and increase your LP position size to earn more rewards faster! So if you have $100 USD worth of LP tokens and you set the leverage to 3x you will be earning as if your position was $300 USD! Pretty cool, right?

New Farms for the Lydians!

So of course with a new and improved AMM will come new and improved farms! These farms will be more beneficial for Lydia and LYD stakers will get boosted APRs! Also in the future AVAX Lion stakers will get boosted APRs too!

Lending

We’re sure many of you have used lending features already on some other protocols. Ours will most likely be a bit different than what you might be used to. You will be able to lend out tokens and users will be rewarded with an APR of course.

Normally on lending platforms, you can only lend and or borrow crypto. This is a very simple way to use lending but with the new Lydia Lending, funds lended can be used for Leveraged Yield Farms and by our new AMM!

New Single-Sided Staking Pools!

We will be creating new kinds of staking pools for Lydians! One of the most exciting will be the Stake LYD and earning stable coins pool! Who doesn’t like to earn a yield that is stable? Also, we will have single-sided staking pools in which you can earn NTTs (Non-Transferable Tokens) that will be able to boost your rewards for farms! This will also encourage users to stake their LYD long-term to get the benefits of the NTTs!

Dynamic APR/APY

Our loyal Lydians will always be rewarded! This will be based off of the use of NTTs which are Non-Transferable Tokens. Users will be able to earn varying amounts of APR/APY depending on how much LYD they are staking! More LYD staked = higher APR/APYs for Lydians! We will go into more detail in a future article.

Conclusion

So Lydians, we hope you are as excited as we are about our Rebirth! This will be an entirely new Lydia with many great new features. We are staying on the cutting edge of DeFi and this bear market was a great time for us to rethink our plans and make some big changes! All of these updates were thought of with the Lydians in mind! We can’t wait to go into more detail with you all in the coming weeks!

Stay tuned!

PS. I already here the “Wen Ser?” coming. We are about 70% done with all of these features already and are currently testing some of them out ;)