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LFGSwap joins the Core DAO ecosystem; aims to create a dominant DEX in the DeFi market

T.I Ukende
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Since the introduction of Core mainnet, a wide range of protocols have expressed an interest in building on the decentralized, secure, and scalable blockchain. One of the newest contributors to the ecosystem of Core DAO is LFGSwap.

For trading on the next-generation blockchain, LFGSwap offers Core users a one-stop shop. On January 18, the Decentralized Exchange (DEX) launched the Core chain as the new home for its platform. The protocol released a press release informing users of the revolutionary accomplishment. The group disclosed that it intended to collaborate on Core with a wide range of protocols and programmers.

Core is a Turing-complete blockchain leveraging the Bitcoin mining hashrate and the Ethereum Virtual Machine (EVM). LFGSwap sees an incredible opportunity to join an ecosystem with so many builders and to work together with many projects through our recognized products such as Swap, Farm, Pools and IFO,” LFGSwap disclosed on Medium.

The LFGSwap team updated the tokenomics of its native $LFG token as part of its launch on the Core chain. The LFGSwap project has advanced significantly during the past month. The protocol’s website states that more than 50,000 people have used it in the past month, locking up $5.3 million in total value (TVL).

After switching to the Core chain and creating a top-tier decentralized platform, the DEX will improve on these remarkable stats. To learn more about the services offered by LFGSwap, visit its website.

What is Core DAO?

Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the history of the crypto ecosystem paired with an even greater excitement for Core’s role in its future.

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