1/ For those who missed the recent @SolonDeFi interview on @CryptoCast_yt, here's a recap! πŸ‘‡πŸ‘‡πŸ‘‡

$LVT #DeFi #NFT Image
2/ The core of the Solon ecosystem is an automated market maker which serves as a token exchange & a way for anyone to create their own ETF. It allows for the creation of liquidity pools with more than 2 tokens & allows pool managers to concentrate liquidity to any price range.
3/ Solon also created a new type of fee which is calculated as a percentage of the maximum amount of impermanent loss that can be caused by a swap. When set to 100%, this fee will completely eliminate the risk of impermanent loss. Image
4/ The main selling points of the Solon NFT exchange are rentable and fractional NFTs. Rentable NFTs open up the NFT market to many more real world use cases (like real estate & video games) and they allow anyone to make a passive income off of their NFTs. Image
5/ Fractional NFTs make it possible to invest in NFT projects, regardless of its floor price. They also allow liquidity pools to invest in NFTs. Solon doesn’t charge protocol fees on the NFT exchange which allows artists to charge higher fees while still being cheaper for traders
6/ Solon is developing a hardware wallet which will give users access to their ecosystem through 1 device & allow users to buy digital assets with fiat via credit card.

Solon also allows users to easily create a decentralized and autonomous DAO around any token or NFT collection
7/ The founders of Solon Financial are:
β€’ Max Lyman (CEO) @Crypto__Jesus_
β€’ Ben Blute (CTO) @benblute

Solon's DEX and NFT market place will go live 7/1/'22 on Ethereum, Polygon, & Arbitrum after completion of their audit with @trailofbits.

#LVT #Solon #DeFi #NFTs
8/ Useful Links:
β€’ Website: solon.finance
β€’ Twitter: @SolonDeFi
β€’ Discord: discord.com/invite/sQ9pcUy…
β€’ Medium: medium.com/@SolonDeFi
β€’ CryptoCast:
β€’ AMA:
9/ Shoutout to @Frankie_SF for hosting the interview and to @Crypto__Jesus_ for his time and knowledge.

Keep an eye on @SolonDeFi πŸ‘€

Leave a comment below with your thoughts on the interview! πŸ‘‡

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