The crypto space is developing at a fast pace and there are all kinds of exciting moves that are supporting the boost of digital assets. The latest one comes from LaCucina, the fair DeFi engagement platform.
LaCucina to launch on Binance Smart Chain
LaCucina is planning an exciting launch on Binance Smart Chain – this is the first one on the blockchain to offer regular users a way to enjoy DeFi.
According to the official data, via the advanced engagement enhancing program, the platform is going to offer various enhancement opportunities to users who used selected decentralized exchanges.
It’s been revealed that LaCucina will allocate perks to users who provide liquidity to select liquidity pools on Uniswap, Pancake, and Sushiswap in summer 2021.
The users will not be having to perform staking and pull tokens out of the DEXs to claim rewards.
The platform’s flexible engagement enhancing system or Cooking Plans is destined to prioritize factors other than the stake size – time when the stake was made, duration, and more.
This will let small users punch above their weight with well-timed and committed engagement.
There are a lot of DEXs and farms that are currently offering lucrative opportunities with some high percentage yields but they are destined mostly to benefit crypto whales.
Such benefits derive from staking protocols that reward users who stake large amounts into the liquidity pools rather than for their dedication to bringing liquidity, regardless of their staking amount.
LaCucina will make sure to even the playing field with rewards that will come in more flexible, fair and fun way.
The official press release notes that the platform currently employs a four-pronged engagement enhancing system for its users to encourage DeFi engagement. It will be distributing the platform’s native utility “LAC” token.
The four main elements of the program
The programs will allow users to maximize their yields in a fun and unique rewards experience as it follows.
External farming – users who are staking tokens into promoted liquidity pools at the top 10 select DEXes may get LAC tokens into LaCucina’s Ovens.
Secondly, we are talking about the rewards multiplier system which involves the fact that each of the ovens will have its own tailored set of cooking plans. The policies may prioritize early and lasting liquidity provision. This will result in small users getting to enjoy DeFi more than in other platforms.
Thirdly, we have “cooking up dishes” – this involves the fact that the LAC token can be used to get “Secret Ingreedients” special NFTs, such as “Space Mushrooms” and “Martian Worms.” These will be built and released on an on-going basis and will represent an image of a specific ingredient.
The NFTs could be used to “cook” a pizza, zuppa, pasta, or other non-transferable NFT “dishes,” which are not only visually appealing.
It’s important to note the fact that they but will also carry a multiplier value that may boost user earnings in the “Ovens” to a greater extent.
NFT avatars are the fourth exciting element that allows users to mint specialized alien avatr NFTs to complement the ecosystem. The NFTs will be theme-related with the Genesis Theme that includes 10,000 avatars.
“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 enjoy DeFi.”
This is what LaCucina’s Head Chef said. They continued and pointed out the following:
“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.”
Stay tuned for more exciting news from the DeFi space.