Li.Fi is a cross-chain solution combined with the DEX Aggregator protocol. By using its smart contracts, Li.Fi will find the best Bridge/DEX for asset trading route with the lowest cost, fastest time and guaranteed security.
Currently, Li.Fi has grown into a product suite of 20 DEXs such as Uniswap, SushiSwap, Multichain, OpenOcean, Dodo, 1 inch, BeamSwap… 10 cross-chain solutions such as Hop Protocol, Multichain, Hyphen, Amarok, Stargate, Across, Celer Bridge, and 17 different blockchains such as Ethereum, Polygon, BNB Chain, Gnosis, Fantom, OKX Chain, Avalanche, Arbitrum, Optimismm, Moonbeam…
Li.Fi is a bridge technology that allows users to swap assets from one chain to another through the integration of multiple DEXs and DEX Aggregator on both sides of the bridge. Key features of Li.Fi include integrating multiple DEXs, DEX Aggregators and Bridges into the same interface, building a data grid of cross-chain liquidity sources, creating a set of smart contracts for efficient swaps exchange and connect tokens with a simple operation.
Li.Fi provides a solution for users to conduct transactions without going through an external bridge, and helps to simplify cross-chain coin/token swaps for users. In addition, Li.Fi allows dapps to communicate across the chain and allows users to collateralize, borrow, and repay their loans across different chains.
Currently, Li.Fi has not released details about tokenomics. We will continue to update our readers as new information comes from the project.
Philipp Zentner is the CEO and founder of the Li.Fi protocol from May 2021 to present. Before that, in 2014, he graduated with a Bachelor of Computer Science from the University of Passau. From 2008 to 2011, he was the CEO and founder of the social network CUSSIT. He also served as the CTO of a global currency asset auction website from 2010 to 2011. In addition, he is the founder and CEO of the social feedback platform STOMT based in Berlin, Germany. He is also the co-founder of the Nucleostream project, a prediction platform in the field of immuno-oncology in 2020.
Max Klenk, currently the CTO of the Li.Fi protocol. He graduated from the University of Passu with a Bachelor of Science in Internet Computing and received a scholarship from the German National Foundation to study at Fullerton University and graduated with a Bachelor of Science, majoring in Computer Science. In 2020, Max completed a Master of Science program in IT Systems Engineering at the Hasso Plattner Institute in Potsdam, Germany.
Before becoming CTO of Li.Fi, Max had experience as an intern at KEMWEB GmbH & Co. KG, specializes in Web and iOS Application Development. He also worked as a software programmer at ONE LOGIC GmbH during 2014-2016. Max then founded social feedback platform STOMT in Berlin, Germany and served as CTO & Co-Founder for this company before joining Li.Fi in 2021.
Currently, Li.Fi has not provided information about the development roadmap of the project. We will update the latest information from the project and send it to you as soon as there is an update.
On July 11, 2022, the Li.Fi protocol successfully raised a $5.5 million Strategic round fund, led by 1kx, along with the participation of many other names in the industry. cryptocurrencies such as Dragonfly Capital, Lattice Capital, Scalar Capital, 6th Man Ventures, Coinbase Ventures , BairesDAO and AngelDAO. Li.Fi is also backed by many reputable individuals in the crypto community such as Andre Cronje, Bankless, Jason Choi, Anton Bukov, etc.
The article provides more information about the Li.Fi project, currently Li.Fi has not issued a token. However, Li.Fi has announced plans to issue tokens and said that it will hold a Retroactive Airdrop program for users to experience the project soon. This means that those who experiment before the token is released will receive a free airdrop in the future.
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