Discover and read the best of Twitter Threads about #Solidly

Most recents (15)

#ExtraFi -new leveraged yield farming and compounder for #Velodrome LPs

Launched open beta 2 weeks ago.
Already growing at a staggering rate (currently over $700k in TVL).
Emissions yet to begin and token still not launched.
You're still early!
app.extrafi.io
1/ Use case

Single sided lending pools for idle assets on supply side with leverage and auto-compounding for farmers.
Valuable tooling for users looking to manage risk, improve capital efficiency or earn extra yield through LYF.
2/ Distribution

Generous community (60%) and partnership allocation (26%) to play a key strategic role in the ve(3,3) game
Emission plan is TBD, but will need to account for user behaviour and market dynamics (e.g incentivising lenders for heavily utilised pools, etc)
Read 12 tweets
Are you tired of CEXs controlling your assets?Well,I am!

Experience true freedom with @HeliosExchange -a #perpdex on #Arbitrum that aims to modify Solidlyโ€™s shortcoming

Fun fact:they started community activities rewards which details youโ€™d find when you read till the end
Rt๐Ÿ‘‡ Image
โœ”๏ธ What is @HeliosExchange?
โœ”๏ธ ve(3,3)
โœ”๏ธ Tokenomics
โœ”๏ธ AMM
โœ”๏ธ Leverage trading
โœ”๏ธ Launchpad
โœ”๏ธ Community activities
โœ”๏ธ Links

#HeliosExchange #HELIOS $HELI #Arbitrum
โœ”๏ธ What is @HeliosExchange?

Helios Exchange is a community-oriented & permissionless ve(3,3) liquidity market on Arbitrum.

It is an AMM for protocols on #Arbitrum designed to encourage liquidity sensibly for its specific use cases. Image
Read 25 tweets
Get ready for our #solidly friends campaign! ๐Ÿค๐Ÿ”ฅ

We will drop veSTRAT to loyal supporters of solidly-based DEXes starting this week with:

@VelodromeFi
@VelocimeterDEX

Details below! ๐Ÿšจ๐Ÿ‘‡ Image
@VelodromeFi @VelocimeterDEX For @VelodromeFi ๐Ÿšดโ€โ™€๏ธ

We will drop 12% of our initial supply to lockers. Claim at launch! ๐Ÿ‘€

Anyone with over 20k $VELO locked at the snapshot will be eligible! 3 days left to increase your lock! โฐ

Snapshot? ๐Ÿ“ธ

End of the current epoch! Thursday, 0:00 PM UTC! Image
@VelodromeFi @VelocimeterDEX For @VelocimeterDEX โš›

We will drop 2% of our initial supply to lockers. Claim at launch! ๐Ÿ‘€

How is it distributed?

โœ… 1% for users that have locked 10k $FLOW in the past. (Snapshot taken)
โœ… 1% for users that lock 10k $FLOW during this epoch. Image
Read 4 tweets
โ—๏ธ Attention all $ARB #Airdrop recipients!

๐Ÿ’ฐ Maximize your earnings on @RamsesExchange, the promising DEX on #Arbitrum.

Learn more about how to make the most of your airdrop.
๐Ÿงต โฌ‡๏ธ Image
๐Ÿ”ธ RAMSES is a ve(3,3) DEX that adapts @AndreCronjeTech's vision of #Solidly.

It focuses on:
โ–ช๏ธ Community - offering veNFT to top protocols on Arbitrum
โ–ช๏ธ Decentralization - with trusted entities for emergencies
โ–ช๏ธ Functionality - implementing the best features in DEXes

2/
1๏ธโƒฃ Dilution Protection

A key function of the ve(3,3) model comes with dilution protection rebases to encourage users to lock their tokens sooner.

Similar to the OHM (3,3) model, these rebases occur per epoch and are a crucial aspect of the ve(3,3) system.

3/ Image
Read 4 tweets
What is $EQUAL and why itโ€™s still an undervalued project.

A Thread๐Ÿงต

5 Minutes Reading๐Ÿ‘‡ Image
1/ WHAT'S $EQUAL?

@Equalizer0x is a #DEX that uses a vote escrowed model to drive Liquidity to the highest volume pairs based on #Solidly model with some changes.

It aims to provide a centralized liquidity hub for the $FTM network for a seamless experience for users to trade on
2/ TOKENOMICS

$EQUAL serves as a liquid transferable token for emissions & can be locked into a veNFT.

$veEQUAL uses the vote escrow model for fees & emissions, with various lock periods.

Max 26 weeks lock period for $veEQUAL, with voting power & fees in selected pools.๐Ÿ‘€ Image
Read 12 tweets
AMM DEXs must discover innovative ways to attract users and their capital to increase their liquidity.
But what makes a DEX truly attractive to traders?

The answer is here:
"Show me the incentives, and I will show you the outcome."

๐Ÿงต : Solidly & its Forks; PART 2
RT for Others
Two central problems with most AMMs are:

โ€ข Low liquidity and,
โ€ข Impermanent loss.

- Liquidity refers to the ability of the market maker to buy or sell assets at a fair price.

It is a concern because AMMs typically rely on a smaller pool of liquidity providers.
- Impermanent loss refers to the potential loss of value that a liquidity provider may experience when supplying assets to an AMM.

This prompted Curve to introduce a new AMM model ๐Ÿ‘‡
Read 21 tweets
1/ $CRV and $VELO have changed the #DeFi scene forever, but they have their flaws.

There's an upcoming protocol on @arbitrum that wants to make things even better, with a community-first long-term approach ๐Ÿ“ˆ

Letโ€™s dig into @DictumExchange ..a thread ๐Ÿ”Ž๐Ÿ‘‡๐Ÿงต Image
@arbitrum @DictumExchange 2/ TL;DR ๐ŸŽ™๏ธ

Dictum is an upcoming #DEX on @arbitrum with a structure similar to @VelodromeFi and #Solidly but with key improvements ๐Ÿ‘€

They just had a successful airdrop ๐Ÿช‚, and have competitions for farmers, shillers, and protocols currently live ๐Ÿ’ฐ
@arbitrum @DictumExchange @VelodromeFi 3/

What I'll cover in this thread:

๐Ÿ”นWhat's @DictumExchange?
๐Ÿ”นHow does it work?
๐Ÿ”นDictumโ€™s Governance Airdrop
๐Ÿ”นCompetitions
๐Ÿ”นRoadmap and Links
Read 19 tweets
@AndreCronjeTech claimed that the innovations in Solidly AMM model would herald an evolution in decentralized exchanges.

In our blog, we take a deep dive into the #Solidly Model and the various forks that have improved its core code.

yieldapplabs.medium.com/a-deep-dive-inโ€ฆ
Solidlyโ€™s new base-layer AMM is inspired by $OHM and $CRV. The AMM would reward pool voters with trading fees, which would help direct liquidity to where it is needed (based on fees).

The initial supply of locked veNFT positions was awarded to projects in the Fantom ecosystem.
However, this ended in the attraction of huge amounts of vampiric capital. Combined with a rushed launch of the protocol that included a lot of bugs and unhealthy token emissions, Solidly failed to capture long-term traction.
Read 12 tweets
Keypoints:
1. 95% of the problem right now is the L1 Bribes & Fees, it needs to be fixed to not let people game the system.

2. The rest of the problems are technical and less relevant
#Solidly #DEUS @lafachief
๐Ÿงต
(1/x)
to the public e.g enough gas for transactions to stop failing.

3. Solidly goal is to have 30bil Volumes.

4. Solidly & Solidex contact are immutable. While 0xDAO contract is upgradable.

5. To fix the bugs, the only way is to fork Solidly contract and fix them. Solidly+

(2/x)
6. All tokens will be migrated. Possibly with the snapshot. The main goal is to have a smooth transition and no value lost in between.

7. 0xDAO is easy to migrate because their contract is upgradable. But not sure about Solidex. They are coming up with their plan.

(3/x)
Read 7 tweets
Welcome to the @MetisDAO $METIS Ecosystem ๐ŸŒฟ

In this mega thread I will go over some of the important protocols and additional resources to get you started in Andromeda.

This will feature projects at time of writing only and maybe updated in the future.

Hope you enjoy

๐Ÿงต
Contents:

๐ŸŒฟ Bridges
๐ŸŒฟ DEX's
๐ŸŒฟ Yield Farmers
๐ŸŒฟ Borrow/Lending
๐ŸŒฟ DAOs
๐ŸŒฟ NFT Market Places
๐ŸŒฟ Utility/P2E/Metaverse
๐ŸŒฟ Telegram Groups
๐ŸŒฟ Additional Resources
๐ŸŒฟ Bridges

Bridges are tools to transfer tokens from one chain to another, example would be from $BSC > $Metis or $ETH > $Metis.
Read 38 tweets
#DeFi Daily 11/03/22

#Bitcoin pulled back on Thursday, falling by 8.54%. It found support below the key $39.5k level. Price retested the downward channel which it broke out of on Wednesday during US trading hours.

Read more: ๐Ÿงต๐Ÿ‘‡ BTCUSD Graph
#Ethereumโ€™s $ETH has hit through the trailing stop loss at $2577 yesterday afternoon. We suggest observing retest of the $2350-2550 base area + trendline since Feb 2021 on a daily chart which also serves the lower bound of the wedge.

/1
#DeFiTVL sits at 200.6b today as it has remained relatively flat throughout the week. Overnight, there were more rotations out of the #Fantom ecosystem, driven by outflows from #Solidex and #Solidly.

/2
Read 7 tweets
New #ProtoFi Proposal is now #Live ๐Ÿš€

๐Ÿ‘‰Increase the Protocol #Profitability through these massive changes. ๐Ÿค“

$PROTO ๐Ÿ“ˆ

snapshot.org/#/protofi.eth/โ€ฆ

๐Ÿงต short-thread
In order to improve the profitability of the protocol the ProtoFi team spent the last days focused on numbers, simulations and case scenarios. ๐Ÿค“
With the arrival of #Solidly, the DEXs profitability changed a lot for some pairs, above all stables pairs.๐Ÿ‘‡
Read 6 tweets
Yesterday, users flooded to #Fantom for the launch of @AndreCronjeTech's @solidlyexchange.

After months of skirmishes, the #veSolidWars were officially kicking off and the excitement was palpable.

Then... ALL HELL BROKE LOOSE.

My attempt at a recap. ๐Ÿ‘‡๐Ÿงต
Quick Background

When @AndreCronjeTech announced his new AMM Solidly, he distributed ownership to the top #Fantom protocols as ranked by TVL.

This ignited a battle for control that eventually coalesced into a struggle for control between two teams: @SolidexFantom + @0xDAO_fi
As the day began, we heard from the holdouts...
๐Ÿ‘‰ @SpookySwap would remain neutral
๐Ÿ‘‰ @SynapseProtocol would delay / go solo for now
๐Ÿ‘‰ In the final minutes, @fraxfinance joined #0xDAO

That increased @0xDAO_fi's lead at 40% to @SolidexFantom's 33.7%.

Victory? Not quite. Image
Read 12 tweets
Sick of reading about real wars? You're in luck!

The war for control of @solidlyexchange (#veSolidWars) has continued to rage and I've got some big updates.

TL;DR: The next 48 hours will be huge and there are rumors of a second front soon opening. ๐Ÿ”

๐Ÿงต๐Ÿ‘‡
Why the next 48 hours?
๐Ÿ‘‰ @solidlyexchange emissions start tomorrow
๐Ÿ‘‰ Same deadline for veNFT deposits on #Solidex
๐Ÿ‘‰ @SolidexFantom is expected to launch
๐Ÿ‘‰ Clarity on @0xDAO_fi's launch plans coming soon

Then the battle for control of #Solidly truly begins!
So what's new?
๐Ÿ‘‰ @RadialFinance confirmed solo
๐Ÿ‘‰ @SushiSwap looks to be solo
๐Ÿ‘‰ @SynapseProtocol has a proposal to join #0xDAO
๐Ÿ‘‰ @Spirit_Swap + @fraxfinance still TBD

And all 8 veNFTs of #Solidly's early partners have just been deposited / locked, cementing the alliance.
Read 16 tweets
Update on the $SOLID launch, $OXD & #solidly (@solidlyexchange $SEX) partnerships, and the game plans of all 25 protocols that have received the initial allocation
๐Ÿงต...

#Fantom $FTM @FinanceFirebird @kamikaz_ETH @KingsFantom @wagmiAlexander @BillyBobBaghold Image
1/The 2 major accumulators are 0xDAO (@0xDAO_fi) and Solidly (@solidlyexchange)

0xDAO Party
- 7.4mn $SOLID staked or 37% of all allocation
- Members include: $OXD, $BOO, $TOMB, $SCREAM, Reaper Farm, $BEETS, $LQDR, $TAROT
- Currently, 6 of the 8 members have voted for own pools Image
2/ Solidly Party:
- 6.7mn $SOLID staked or 33.7% of all allocation
- Members include: $YFI, $WEVE, $CRV, $GEIST, $MULTI, $REN, $SPELL, and Saddle Finance
- Currently, no members have voted but the likely pools to be voted are:
- $WEVE - $USDC
- $GEIST - $FTM
- $MIM - $USDC
Read 9 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!