LaCucina launches DeFi engagement platform democratizing the crypto landscape
LaCucina, the fair DeFi engagement platform, is coming out of stealth, planning to officially launch on the Binance Smart Chain, the first one on the blockchain to offer regular users a way to enjoy DeFi even more. Through its advanced engagement enhancing program, the platform will offer a variety of engagement enhancement opportunities to users who used selected decentralized exchanges. As part of the launch campaign, 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 have to do any additional staking or pull their tokens out of the DEXs to claim their rewards. The platform’s flexible engagement enhancing system, or Cooking Plans, is designed to prioritize factors other than the stake size, such as the time when the stake was made, its duration, and other engagement factors. This allows small users to punch above their weight with well-timed and committed engagement.
Many DEXs and farms offer lucrative opportunities with high-percentage yields, yet they are often designed to mainly benefit the crypto whales, essentially allowing the rich to get far richer, while those who hold less see very slow growth. These benefits derive from staking protocols that mostly reward users who stake large sums into the liquidity pools rather than for their dedication to bringing liquidity, no matter what the staking amount. LaCucina evens the playing field by rewarding engagement in a more fair, fun, and flexible way.
The platform currently employs a four-pronged engagement enhancing system for its users to encourage DeFi engagement, distributing the platform’s native utility “LAC” token. The programs enable users to maximize their yields in a fun and unique rewards experience in the following fashion:
External farming: Users who stake their tokens into promoted liquidity pools at the top 10 select decentralized exchanges may receive “LAC” tokens in LaCucina’s “Ovens” (equivalency of farms), which serves as an additional engagement layer on top of other DEXs.
Rewards multiplier system: Each of LaCucina’s “Oven” will have its own tailored set of “Cooking Plans”—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.
Cooking up dishes: The LAC token can be used, among other things, to get “Secret Ingredients”—special NFTs, such as “Space Mushrooms” and “Martian Worms.” These NFTs are created and released on an on-going basis and will represent an image of a specific ingredient. These NFTs could be used to “cook” a pizza, zuppa, pasta, or other non-transferable NFT “dishes,” which are not only visually appealing, but will also carry a multiplier value that may boost user earnings in the “Ovens” to a greater extent.
NFT avatars: Users can mint specialized alien avatar NFTs to compliment the exosystem. The NFTs are guaranteed to be unique, distinctive, minted on the blockchain, and fully owned by the user. The NFTs are theme-related, with the Genesis Theme (expected in early December 2021) consisting of a limited 10,000 avatars. Future series will be announced by LaCucina.
“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,” says LaCucina’s Head Chef. “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.”