LunaFi is the world’s first decentralized DeFi betting platform – In this game you are the favorite. By harnessing the power of the decentralized technologies, community governance, and autonomous smart contracts — they allow users to securely place peerless bets in a trustless, non-custodial betting platform that is set to revolutionize the global sports betting industry by allowing the player to invest and become the house.
To facilitate this, we provide a complete DeFi platform designed to enable the integration of sports betting and prediction markets, powered by a protocol and community-owned liquidity pool known as a House Pool. This suite can be integrated by developers looking to add peerless betting functionalities to their dApps — the first of which will be Lunafi Ico wn dApp, Lunabets, a decentralized sports book application.
LunaFi turn, these dApps empower individuals and communities with safe and equitable betting experiences, operating on a secure infrastructure layer that is transparent, cannot be influenced by centralized entities, where odds are autonomously optimized in line with the market and all outcomes are verifiable on-chain.
All betting platforms are engineered so the house wins, regardless of the successes of its patrons. It’s a 5,000 year old business model, but until now — this model has been tightly controlled by centralized authorities whose focus is on maximizing profits, often at the expense of fairness and transparency.
In a world where distrust in centralized institutions is on the rise, it is LunaFi’s mission to place ownership and power in the hands of the people with a hybrid protocol for DeFi gambling that is driven by user-contributed liquidity, community-owned, and fueled by the $LFI token.
LunaFi is a trustless, borderless, DeFi protocol for sports betting with real utility, targeting mass adoption with guaranteed liquidity. LunaFi innovates beyond traditional gambling models and recent blockchain-enabled betting protocols by operating in a decentralized and peerless way. Global community-owned liquidity pools act as the house and fuel betting payouts, with a portion of house profits paid out to liquidity providers on an ongoing basis.
This unlocks a world of potential DeFi integrations and new products or services that allow investors to deposit and earn a share of profit gathered from betting activities on the platform, and to receive additional rewards in $LFI — the native token of the LunaFi Protocol.
Lunabets is first dApp built on the protocol. It is non-custodial utilizing smart contracts and liquidity pools to ensure trustless payouts, meaning there is an immediate settlement made by the smart contract to the winning party, removing all counterparty risk. End users can utilize to place bets in the knowledge that their wager is not only guaranteed to pay out from our liquidity pools and smart contract, but is odds optimized and oracle confirmed, if they win.
The premise of the game is to cash out before the LunaFi rocket explodes.
You can use an ‘auto-cash out’ feature which will cash out for you once the rocket hits a certain amount of multipliers (Xs), or you can use the ‘cash out’ button to manually do so too! Once the round starts, you’ll start to see your winnings appreciate in $LFI the longer you hold your nerve as you watch the rocket fly! You’ll be able to cash out at any moment and the aim is to do so before the rocket explodes!
LunaFi is a DeFi betting protocol powered by the native $LFI token. Players earn $LFI rewards for placing bets on Lunabets. They community members earn a yield on their assets in exchange for providing liquidity, stakers earn $LFI for participating in the governance of the platform.
They goal with the LunaFi protocol was to devise an interoperable DeFi architecture that can revolutionize the way money is gambled. To achieve this outcome, we decided to rewrite the rule book.
They have experienced the traditional betting system. LunaFi solves this by removing the middleman, by offering investors unprecedented access to a share of in-house profits. In the Ecosystem, you are the house.
House Pools – A house pool contract allows liquidity provider deposits (USDC, BTC & ETH) to bankroll Lunabets and third-party dApps that integrate LunaFi.
TreasuryDAO – The DAO wallet store offers cold storage for treasury funds and the distribution of profits to vLFI holders.
$vLFI Staking – A contract that requires $LFI to be staked to participate in voting on proposals for ecosystem improvements in order to receive further $LFI token incentives. Users also receive revenues from $LFI bets + $LFI tokens from the treasury contract in return for securing the protocol.
The tradition of the “bet’, where… “The house always wins” has been replaced with defi staking, farming and yielding – That’s because as long as there is money, there will be gambling… as long as there is gambling, there will be profits… gambling is designed so the house nets a profit regardless of the success of its patrons. LunaFi allows anyone to become part of the “house” and take a share of its profits through decentralized liquidity and smart contracts.
They believe that every patron deserves the right to earn from their own bets regardless of whether they win or lose, another innovation of Blockchain thinking. Trustless, decentralized betting with guaranteed liquidity and payouts is the future – DeFi gambling offering investors true, real-world utility and profitability.
The LunaFi ecosystem is decentralized, governed by an open DAO of community stakeholders, industry experts and project partners. This allows dApps to integrate LunaFi’s gambling infrastructure maximal transparency, minimal required trust in centralized operators, and with no centralized attack surfaces.
The native utility token of the LunaFi ecosystem ($LFI) is designed to play a major role in the functioning of the platform from collecting fees to incentivizing all platform participants alongside proper governance.
The community is at the heart of our project. LunaFI gives ownership of its platform directly to its end users through governance rights. The $LFI token serves multiple functions and conveys several rights within the LunaFi ecosystem;
Betting – $LFI will be awarded to users based on actual usage, fostering a sense of community and ownership with your peers.
Access – $LFI will provide holders and users access to special games, tournaments, products, and discounted commission structures on all house pools in the future.
Governance – Staking $LFI to receive $vLFI can be used as governance to submit proposals and vote. To find out more about our $vLFI yield generating token, click here.
Liquidity Incentives – $LFI will be distributed to all participants of the ecosystem including players, investors, and liquidity providers.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.