The team that previously introduced one of the first DeFi ecosystems in the industry under the name Werewolf has presented the next generation of the species with the Lycan Chain. Lycan Chain is named for the myth about Lycans that possess speed, immutability and immortality.Lycan Chain’s release is timed to the phase in which blockchain technologies have become a significant part of many businesses that utilize data transaction and storage.
One of the most unique features of the Lycan Chain is its own architecture that allows the top 21 stakers of LYC to become validators of the blockchain. In addition to that, Lycan utilizes a hybrid proof-of-stake architecture not seen before. It allows validators to invite delegators by burning the underlying token, LYC.
Every full moon, Lycan Chain holds a fee-burning event where LYC tokens are burned as gas fees. Users are also eligible to receive Omega stablecoin in return for burning LYC. Omega utilizes the zero-gas-fee feature for all transactions on the Lycan Chain. Lycan Chain’s predecessor, the Werewolf platform, offers a large variety of DeFi products like decentralized exchange, staking, Metaverse gaming and other solutions. Users familiar with the platform should remember the Werewolf coin, WWC, which will now be migrated to Lycan Chain.
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