Solidly, a decentralized application (dApp) built on the Fantom ecosystem, presents a groundbreaking approach to Automated Market Makers (AMMs) and the broader DeFi landscape. This platform tackles critical challenges prevalent in existing DeFi protocols, offering innovative solutions for fee distribution, liquidity mining sustainability, and bootstrapping new projects.
Table Content:
- Solidly’s Core Advantages: Redefining DeFi Participation
- Empowering ve(3,3) Lockers: Governance and Revenue Sharing
- The Potential of ve(3,3) Integration: A Paradigm Shift in AMMs
- Solidly Token (SOLID): Details and Distribution
- SOLID Key Metrics
- SOLID Token Allocation
- SOLID Token Release Schedule
- Acquiring SOLID Tokens: Current and Future Opportunities
Solidly’s Core Advantages: Redefining DeFi Participation
Solidly distinguishes itself through several key features: seamless token and stable asset swaps, near-zero transaction fees, dedicated support for third-party token listings and incentives, and a user interface compatible with Uniswap V2. This compatibility allows for leveraging existing analytical tools and interfaces, ensuring a familiar user experience. Furthermore, Solidly integrates features specifically designed for ve(3,3) lockers:
Empowering ve(3,3) Lockers: Governance and Revenue Sharing
Solidly’s innovative approach empowers ve(3,3) lockers with significant influence over the platform’s operations:
- Emission Control: Ve(3,3) lockers determine emission distribution, directing rewards to liquidity providers and farming participants in selected pools.
- Fee Capture: Ve(3,3) lockers receive 100% of the fees generated in the pools they vote for, incentivizing strategic voting towards high-volume pools.
- Concentrated Liquidity: Emission rewards are focused on the most profitable pools, optimizing capital efficiency and maximizing returns for participants.
The Potential of ve(3,3) Integration: A Paradigm Shift in AMMs
Integrating the ve(3,3) model into Solidly’s architecture unlocks several potential advantages:
- Streamlined Incentive Integration: Seamlessly incorporate token incentives for liquidity provision.
- Efficient Token Distribution: Facilitate efficient token distribution within the ecosystem.
- Fee Optimization: Minimize fees associated with liquidity provision.
- Enhanced Liquidity Provision: Encourage and streamline the process of providing liquidity.
These features position Solidly as a sustainable and truly decentralized model, representing a significant evolution in the AMM landscape. For a deeper understanding of the intricacies of Solidly, ve(3,3), and the Andre Cronje game theory, we recommend further reading on this topic. (Link to related article would be placed here).
Solidly Token (SOLID): Details and Distribution
SOLID Key Metrics
- Token Name: Solidly
- Ticker: SOLID
- Blockchain: Fantom
- Token Type: Utility
SOLID Token Allocation
While the precise token allocation details are yet to be released, a significant 25% airdrop is planned for the top 20 projects with the highest Total Value Locked (TVL) on Fantom. Users are encouraged to provide liquidity to help projects reach the top 20. Upon receiving veNFTs, users gain voting rights on their utilization.
SOLID Token Release Schedule
Token distribution is expected to commence two weeks after the Solidly ecosystem launch.
Acquiring SOLID Tokens: Current and Future Opportunities
At the time of writing, specific information regarding token acquisition is limited. However, Solidly has launched its veNFT and initiated a Bug Bounty program with rewards up to $200,000. Further updates will be provided as they become available.
