MetaMask - Access exclusive benefits in MetaMask Sponsored Friend & Sponsor Learn more

Home, Read, Trending Project

Trending Project: SOLID

1. Ticker: SOLID 2. Sector: DeFi - Decentralized Exchange 3. Network: Fantom 4. Fully Diluted Valuation: $805 million 5. Total Value Locked: $2.19 billion 6. Hot Rating (out of 5): 🔥🔥🔥🔥 TL;DR Andre’s new project on Fantom, a DEX, that implements ve(3,3) token model. Solidly is a new decentralized exchange deployed to the Fantom network built by legendary DeFi developer, Andre Cronje. Like Curve, the protocol uses a vote-locking mechanism, known as ve(3,3), where holders of SOLID, th

Ben Giove
Feb 2, 2023 • 2 min read

Open in ChatGPT Open in Claude View as Markdown

Subscribe to Bankless or sign in

Andre’s new project on Fantom, a DEX, that implements ve(3,3) token model.

Solidly is a new decentralized exchange deployed to the Fantom network built by legendary DeFi developer, Andre Cronje. Like Curve, the protocol uses a vote-locking mechanism, known as ve(3,3), where holders of SOLID, the project's native governance token, can lock their tokens to receive veSOLID, which is represented by a tradeable NFT.

SOLID lockers are entitled to special perks within the protocol, such as boosted rewards when providing liquidity, a share of fees generated from swaps made on the platform, protection from dilution, and the right to vote on the direction of emissions to different pools on the platform.