[Transcript] Lamas Finance section in Coral Finance SPACE on October 16

Lamas Finance
6 min readOct 16, 2023

Details of the SPACE: https://link3.to/e/Uo3cjs

Here is the transcript…

Self-introduction

Hello everyone, my name is Max, CEO of Lamas Finance. Firstly, I want to thank Coral Finance for having me, and now I’m really excited to have the opportunity to introduce Lamas Finance — a true Dapp Game Hub on Solana.

About the project

Firstly I’m gonna talk about our core mission. It has 2 missions: To provide users with an authentic blockchain gaming experience. AND… Offer players the opportunity to profit from the key functions of decentralized finance and stunning NFT collections.

Our project is developed on Solana, a blockchain platform known for its speed and cost-effectiveness. Each game within the Lamas Finance ecosystem is a genuine decentralized application. All computations are executed on the blockchain through smart contracts, ensuring transparency and security.

A remarkable milestone for Lamas Finance to celebrate is our 1st Prize win in the GameFi track at Solana Coding Camp Season 2. Notably, we pioneered the development of an on-chain random solution on Solana using a Verifiable Random Function, making Lamas Finance one of the initial grant recipients, officially approved by the Solana Foundation.

What sets Lamas Finance apart is not just its technological foundation but also its commitment to providing a diverse and engaging experience. Our platform boasts massive liquidity and a variety of features, making it capable of accommodating a large number of user requests. We prioritize not only functionality but also the enjoyment of our users.

Recent news

As we gear up for a monumental (mo-niu-mental) month, Lamas Finance is thrilled to announce the commencement of our Public Sale, set to unfold in three dynamic rounds.

Firstly, the Whitelist Round, commencing on October 22, will be hosted on the Lamas Finance website. This exclusive round is dedicated to our Whitelist users. If you haven’t secured your Whitelist slot yet, fear not, as there’s still time to join our Discord and participate in our Whitelist campaign. Buyers in this round have a fantastic 25% discount off the regular price.

Following closely, the Community Round is scheduled to kick off on October 25, also hosted on the Lamas Finance website. This round will come into play if tokens from the Whitelist Round are not entirely sold out, allowing everyone in our community to participate.

But that’s not all! Simultaneously, we’re thrilled to announce an IDO round on the Kommunitas launchpad, also starting on October 25. This opens up yet another avenue for our community to engage with and support Lamas Finance.

The Emergence of Web3 Gaming

Hi folks, it’s me again. I’m Max, CEO of Lamas Finance. I’m thrilled to guide you through a discussion inspired by the visionary insights of Alex Svanevik on the future of the cryptocurrency space. Now, we’re focusing on the optimism surrounding Web3 gaming, development timelines, and the disruptive potential of DeFi in the gambling and betting sectors. So, let’s dive in!

Segment 1: Overview of Web3 Gaming

Let’s start by understanding what Web3 gaming is all about. In essence, it’s the fusion of blockchain technology and gaming, bringing forth transparency, ownership, and unique experiences for gamers. We’re witnessing a shift from traditional gaming models, with decentralized platforms offering player-owned assets and new economic models within the gaming ecosystem.

Segment 2: Disruption of Gambling and Betting Sectors by DeFi

Now, let’s dive into the exciting transformation that decentralized finance is bringing to the gambling and betting sectors. Alex Svanevik’s perspective sheds light on a revolutionary concept — the idea that platforms can generate revenue from yields on capital, as opposed to the traditional approach of taking a spread from bets.

At Lamas Finance, we are actively contributing to this transformative shift. In all our games, we have embraced a zero-sum model between users. What does this mean? It means that there is no spread from the bets — it’s a direct peer-to-peer interaction where the outcomes are solely determined by the participants.

Moreover, in our unique model, a small portion of the profits generated by the winners is automatically transferred to the Treasury Pool. This strategic move not only ensures fairness and transparency but also powers the incentive of our DeFi functions. It’s a win-win scenario for participants and for the growth of the ecosystem.

By removing the spread and automating contributions to the Treasury Pool, we’re fostering a community-driven, decentralized environment where every participant has a stake in the success of the platform. This innovative approach not only aligns with the principles of DeFi but also sets the stage for a more collaborative and user-centric gaming experience.

Segment 3: Development Timelines in Web3 Gaming

Now, let’s shift our focus to the dynamic realm of Web3 gaming development. Understanding the current state of development is essential, given the rapid evolution of this space. As we explore this segment, we’ll delve into the challenges and opportunities that developers are encountering.

In the world of Web3 gaming, developers face a unique set of challenges. One prominent hurdle is ensuring seamless integration with blockchain technology while maintaining a user-friendly and engaging gaming experience. This involves tackling issues such as transaction speed, cost, and overall scalability.

The decentralized nature of Web3 gaming introduces exciting opportunities, but it also demands innovative solutions to overcome hurdles. Developers have to create ecosystems that empower users, allow true ownership of in-game assets, and integrate seamlessly with decentralized finance functions.

Timelines for development in Web3 gaming are particularly interesting. The demand for innovative and secure platforms is driving developers to push the boundaries of what’s possible. However, the emphasis remains on delivering quality and robust solutions, which can sometimes extend timelines.

Scalability is another critical aspect. How do we ensure that Web3 gaming platforms can handle a growing user base without compromising performance? This question is at the forefront of many development discussions.

Projects are exploring various approaches to address scalability challenges. Some are leveraging Layer 2 solutions, such as sidechains or state channels, to enhance transaction throughput and reduce costs. Others are optimizing smart contracts and utilizing off-chain solutions to strike a balance between speed and security.

At Lamas Finance, we recognize the importance of striking this balance. Our development team is dedicated to creating a Web3 gaming platform that not only embraces the principles of decentralization but also provides a seamless and enjoyable experience for users.

Segment 4: Role of Popular Projects

In the Web3 gaming landscape, popular projects act as pioneers, setting the tone for innovation and user engagement. Their influence extends beyond their individual platforms, contributing to the broader ecosystem’s maturation. Today, we’ll explore the significance of these projects and shed light on specific collaborations and partnerships that have left a lasting impact on the industry.

One key aspect is the power of collaboration. The synergy created through partnerships between popular projects fosters a sense of community and mutual growth. These collaborations often result in the development of interchangeable solutions, benefiting users across different platforms.

Let’s take a moment to highlight some notable examples of successful collaborations. Whether it’s cross-game promotions, shared assets, or collaborative events, these initiatives have not only enriched the gaming experience but have also propelled the entire Web3 gaming ecosystem forward.

The role of these projects goes beyond individual success stories; it’s about shaping a collective narrative. The collaborations and partnerships formed within the Web3 gaming community illustrate the spirit of decentralization and community-driven development.

At Lamas Finance, we recognize the importance of collaboration. We are actively exploring partnerships that align with our vision of creating a dynamic and user-centric gaming experience. These collaborations aim to not only enhance our platform but also contribute to the growth of the broader Web3 gaming ecosystem.

The influence of popular projects is not solely limited to the gaming sector. Their impact extends to the integration of decentralized finance functions within gaming platforms. By leveraging the strengths of both domains, these projects are paving the way for a more interconnected and vibrant ecosystem.

In conclusion, the role of popular projects in Web3 gaming is multidimensional. They serve as beacons of innovation, drive adoption, and contribute to the community’s growth. The collaborative initiatives they undertake echo the spirit of decentralized development, and at Lamas Finance, we’re excited to be part of this transformative journey.

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Lamas Finance

Maximize your profit with diverse high-liquidity products: true Dapp games, valuable NFTs, and seamless yield farming. Website: https://www.lamas.co/