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Lava Network

Category: Decentralized finance (DEFI)

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Overview

Total XP Rewards

20

Estimated Rewards

$25M

Funding

$26M

Current Stage

Season 2

Total value locked

-

Unique Users

-

Chains

chain imagechain imagechain imagechain image

Phase

Mainnet

Structure

Points based

Gas

Yes

Grade

B

Tasks

0/1

TGE

August-2024

Type

Layer 1

Confirmed

Yes

Date

9 months ago

Introduction

  • Lava is a modular network which rollups use to bootstrap a performant network of infrastructure providers.
  • RPC requests are routed to the best available provider, giving developers and users optimal service.

 

Tasks

task-link

Fundamentals

  • Developers and data consumers: With Lava, data consumers get easy, fast and reliable access to 30+ chains. The protocol incentivizes providers to offer performant service and algorithmically pairs consumers with the best node available.
  • Data providers (RPC node runners, indexers, etc): Providers join Lava to reach more developers and to monetize their existing infrastructure. Lava also have 250+ providers on the Lava testnet, including large providers such as Blockdaemon. Lava also runs programs called Incentivized Public RPC. On these programs, chains such as Evmos, Axelar, NEAR and more pay node operators to serve quality RPC.

 

Potential Rewards

  • It's a modular layer concept Celestia and Dymension. Celestia is for data availability and Dymension is for settlement & consensus, Lava is the access layer for the modular future.
  • Lava is a unified platform bringing together data providers across any chain and any service: RPC, indexing, oracles, MEV APIs, sequencers etc.
  • Points provide a quantitative answer to the question of how much a user has contributed to the Lava ecosystem’s success.
  • Initially, only activities on NEAR, Ethereum, Evmos, Axelar and Starknet (coming soon) will accrue points.

Investors

  • HashKey Capital
  • Jump Capita
  • Animoca Brands

Features

  • Quality of Service - Consumers monitor and rate providers based on response time, availability and freshness.
  • Privacy & Anonymity - Relays are randomly distributed between a changing list of top providers, so consumers are less likely to get service from the same provider for a significant period of time.
  • Decentralized Access - Lava encourages users to access our network in a fully decentralized way. All relays on our network are conducted peer-to-peer (P2P).
  • Data Reliability - Providers are subject to fraud and fault detection checks, whereby the network uses statistical inference and verifiably random selections to compare the responses of multiple providers.
  • Scalability - Every aspect of Lava is being built with scalability in mind. 
  • Open Source - Lava is committed to open source and modularity. Developers can investigate the code for the chain and any specs implemented.

Non-Financial Advice

  • Research:  Explore project's documentation, audits, and community.
  • Understand risks:  DeFi has vulnerabilities, market volatility, and token fluctuation.
  • Invest wisely:  Only invest what you can afford to lose.
  • Beware of scams:  Don't trust unsolicited outreach or guaranteed returns.

*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.

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