Lagrange Lite is a platform for users to provide liquidity and make swaps.

By leveraging this technology, we will solve problems of the Forex market.

Main features of Solana:

• Supporting 50k transactions per seconds (TPS)

• Block times of approximately 400ms

• Network fees of $0.0001 per transaction

• Bridge technologies

As we aim to fix the main problems of Forex, these features are essentials for our goal. The problems we address are: Settlement, middlemen, not being open 24/7. Decentralization + Solana gives us the opportunity to build a fully decentralized 24/7 Forex market that does not require any brokers or middlemen.

Lagrange's initial option is to peg the USDL to the USDC (thus establishing its standard as a USD value follower). Pegging to the USDC as a monetary standard will ensure that USDL will enjoy the stability that is based on the trading value of the USD and its major position worldwide as a global standard for every monetary system. However, to ensure the stability of the USDL as the monetary standard that underlies the Lagrange DAPP and supports multi-currency exchanges, the dependence on USDC as a single Stablecoin suggests exposure to potential value changes in USDC(though to-date USDC experienced only marginal and minimal volatility levels). To ensure the stability of USDL, the next stage of the project will include issuing a currency basket Stablecoin.

So what does that mean?

It means that instead of being pegged to one stablecoin, USDL will be pegged to a basket of multiple stablecoins such as: USDC, UST, USDT, TUSD. This will make sure that one of the 4 failings won’t drop the price of USDL because the majority is still worth $1. Using this model, we will peg token prices to it and create cross currency pairs.

Lagrange will follow a governance model based on LAG token. Although the ecosystem will not be altered, some of the features/parameters will have the opportunity to be altered via governance vote.

This would allow for LAG-enabled stablecoins and LP tokens to be used as collateral in other protocols. The protocol wants users/clients to use the product and provide liquidity while earning yields. So, the main goal is to establish a liquidity infrastructure that will be used by exchanges, brokers, remittance services, and etc.

LAG token will also be used to pay rewards to Liquidity Providers.

Our targeted users are both retail traders and professional traders.

Lagrange will have different interfaces called Lite and Pro for both groups, respectively.

This is for retail traders and liquidity providers. Lagrange provides these individuals with a simple GUI for swaps between cash-backed stablecoins while charging very low fees. Users can swap cash-backed stablecoins such as USDT, USDC, agEUR, BRZ, TRYB e.t.c for trade and remittance purposes.

Lite version contains the following features:

• Swap: A simple GUI for retail traders to swap between cash-backed stablecoins for the lowest fee. Some cross-currency pairs that do not have direct liquidity pools are also available.

• Custom AMM and Liquidity Pools: They will be designed especially for different valued Forex stablecoins. This will ensure faster swaps between cross-currency pairs and the liquidity providers will earn rewards

• Market Overview: A table that shows the cross-currency pair prices in real-time.

As the name implies, this version is for professional traders. This feature offers orderbooks, multi-panels, FIX APIs that interact with Serum markets, and arbitrage bots.

Lagrange Pro will offer these feature to make traders feel in a familiar environment:

• Serum FX Interface: Traditional Forex trading panels that interact with Serum markets.

• FIX Protocol integration: Users will be able to interact with Serum markets via the FIX protocol and our custom client written in different languages.

Phase 1 (Q4 2021):

• Product design

• Product technical architecture formation

• Lagrange dApp - Swap

• Tokenomics

• Partnerships

Phase 2 (Q1 2022):

• Incorporation

• UI/UX updates

• Pools

• Seed Round

• Lagrange DEX - Full Forex suite

• FIX Protocol Integration

Phase 3 (2022):

• Lagrange International Transfer

• Increased Volume and TVL

• Ethereum AMMs Integration

• Cross-chain swaps

• LAG Token Integration

• USDL

• DAO