On 15th Sept 2020, Lattice exchange announced the launch of their DeFi solution with two early backers. The two early backers include Alphabit Fund and FBG Capital. As a long-term goal, Lattice exchange works towards bridging the gap between the virtual currency industry with traditional securities.
The exciting news comes after a previous announcement on 11th Sept 2020 by DAG Constellation, confirming that Lattice exchange would run on it. It will be the first dApp to build on the DAG Hypergraph. DAG Constellation further mentioned that it would officially announce the availability of the dApp this week.
What is the Lattice Exchange?
Lattice exchange is a revolutionary platform, hoping to redefine DeFi solutions. Considering the booming adoption into the DeFi space by most investors, there is a need for safe, scalable, and cheaper options for yield farming. Lattice will offer the best price and profitability for protocol users.
Lattice exchange will enable smart routing for traders. It will also enhance the ability to aggregate liquidity pools and integrate AMM algorithms on Constellation’s scalable Hypergraph network. Lattice incorporation on Hypergraph will make Constellation’s network less costly, effective, and more accurate.
The Hypergraph-based dAPP will develop trustless lending by leveraging Constellation’s cost-free, decentralized network, integrating robust security protocols. In that case, Lattice exchange will become the first significant application built on DAG Hypergraph, the world’s most scalable protocol by the Constellation network.
Besides, the backing of Alphabit and FGB will help develop Lattice’s potential to solve the overboard DeFi transaction fees. Alphabit is already a backer of Constellation, trusting in Lattice’s vision for a better decentralized trading environment.
Alphabit Fund and FGB
San Fransisco-based Alphabit fund is a capital venture fund that invests in virtual currencies and blockchain, founded in 2016. Alphabit also controls cryptocurrencies and virtual assets investment funds.
Alphabit aims to generate more bitcoins for its cryptocurrency investors than they had before investing in the fund. This fund employs both automated and manual strategies. Some of these strategies are algorithmic schemes, leveraged trading, and investing in ICO tokens’ sale by blockchain start-ups.
Since its launch, Alphabit has supported many projects from seed level. These projects include Metal, Aelf, Salt, Wax, Storm, Republic protocol, Tap, ShareRing, and many others.
FGB, on the other hand, is a blockchain-based virtual assets management firm, founded in 2015. Top tier capital funds, family offices, and the US and China-based hedge funds back FGB. Its headquarters are in Asia, and its global footprint is in the US, Singapore, Israel, and Korea.
FGB is always a pioneer in blockchain investments, supporting about 70 projects in various frontier technologies. Some of these projects are Zilliqa, Kyber, Republic Protocol, Polkadot, MakerDao, Omisego, and many others.