Blockchain technology is on the rise as it continues to attract new people. Sectors such as decentralized finance (DeFi) have enjoyed their fair share of growth over the years. DeFi applications used to be built on one blockchain network. This is changing as new projects add multi-chain features to minimize the impact that comes with relying on a single network. This allows projects to unlock the best features of different blockchains.
Logarithmic Finance (LOG) currently supports Ethereum (ETH) but intends to add support for networks such as BNB Chain (BNB), Polygon (MATIC), Avalanche (AVAX), Tezos (XTZ), and Solana (SOL).
Why Logarithmic Finance (LOG) is Add Multi-Network Support
Blockchain technology is still in its infancy as it was only introduced to the world in 2008 and officially became operational in January the following year. More and more blockchains have been created, with each new blockchain showing improvements over the previous one.
By having multi-chain support, Logarithmic Finance wants to utilize the best of both worlds by using the old and the new. Each protocol has its strength. LOG does not intend to cherry-pick a winner but rather offers its diverse users the opportunity to choose the blockchain network they feel comfortable with.
Logarithmic finance is a layer-III swapping protocol designed to connect innovators and investors. It is a non-custodial environment for projects to raise funding on any blockchain protocol.
The process follows pre-defined steps to benefit both investors and project innovators. The native token of Logarithmic Finance is LOG. It plays a crucial role as LOG token holders will get a discount when they invest in new projects.
Project investors create pools by adding details of their projects. This includes token name, ticker symbol, auction parameters, and the discounts afforded to LOG token holders. The innovators then register the pool on a blockchain of their choice. The next step is connecting a wallet for…
