LaCucina, a DeFi engagement layer platform, is planning to officially launch on the Binance Smart Chain. The move will make the platform a pioneer on the blockchain to offer users a chance to enjoy Defi.
Using its highly developed engagement enhancing program, LaCucina will offer a variety of opportunities to users who used selected decentralized exchanges. Despite being an independent venture, LaCusina will use the launch to distribute perks to liquidity providers of select liquidity pools on Uniswap, Sushiswap, and Pancake, in the summer of 2021.
In simple terms, there is no staking at LaCucina and you don’t need to move your original staking positions either. Instead, the platform is designed to prioritize factors such as the timing of the stake, duration, and other engagement factors more than stake size. Users can therefore farm anywhere that LaCucina supports and come to LaCucina to earn rewards.
DEX’s and Farms favor the whales
Despite offering high percentage yields, Most DEXs and farms are intently designed to favor the rich. The result is that the rich get wealthier while smallholders only experience marginal growth.
Speaking about the existing staking protocols that favor the rich, LaCucina’s Head Chef said:
LaCucina was born out of the necessity for projects to create appealing and attractive ways to incentivize users to engage with and promote such projects. None of the existing DEXs and farms out there offer the level of flexibility that LaCucina offers, resulting in biased allocations of rewards, in such a way that the rich get richer and the small players do not stand a chance of properly enjoying DeFi.
He further stated that:
But the vision doesn’t stop there. LaCucina is planning on being the most impartial launchpad for crypto projects, facilitating direct engagement between projects and users and allowing projects to directly reward users for their engagement with the project. LaCucina’s roadmap for the near future offers a truly special product and aims to set a new standard for launchpads.
LaCusina levels playing field
LaCucina levels the playing field by rewarding engagement in a more flexible, fun, and fair manner. Specifically, it uses a four-pronged engagement enhancing system that lets users encourage DeFi engagement.
The first approach lets users who stake their tokens into promoted liquidity pools at the top 10 select decentralized exchanges to receive “LAC” tokens in LaCucina’s “Ovens” (equivalency of farms), which serves as an additional engagement layer on top of other DEXs
The second approach uses a reward multiplier system that uses specific engagement-enhancing policies that may prioritize early and/or lasting liquidity provision, resulting in small users enjoying DeFi more than in any other platform.
In the third approach, the LAC token can be used, among other things, to get special NFTs. These NFTs are created and released on an ongoing basis but will also carry a multiplier value that may boost user earnings.
Finally, users can mint specialized alien avatar NFTs to compliment the exosystem. Moreover, the NFTs are guaranteed to be unique, distinctive, minted on the blockchain, and fully owned by the user.