Solid Protocol
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Swap and Trade
Token swaps are the easiest way to trade one token for another using automated liquidity pools. When you swap you will pay a 0.25% swapping fee, of which 0.20% comes back to liquidity pools as a reward to liquidity providers, and 0.05% goes to single-asset SOLID staking pool.
SOLID liquidity pools are directly connected to Serum DEX ecosystem. Providing liquidity to SOLID pools adds liquidity to the whole ecosystem, ensuring price-impact is almost non-existant. All tokens in liquidity farms are allocated into corresponding Dex Markets using constant equations. AMM creates open orders which are auto updated as price fluctiations happen.
Liquidity Pools
Projects are welcome to create their own liquidity on SOLID by providing a serum market ID and both tokens from the corresponding trading pair. After depositing liquidity, you receive LP tokens acting as "receipts" which help you identify how much liquidity you own, also they are used to remove liquidity, if you wish to do so. Projects set the initial price of their base token. Example: Providing 100 "A" token and 100 "USDT" token would set the price of "A" token to 1$ USDT. Liquidity pool providers receive a portion of trading fees as a reward. Projects can further incentivize liquidity providers with their project tokens as a reward, which acts as a claimable reward. The rewards system is highly configurable. Rewards per day, the end date, add/subtract options are to be set before rewards go live.
Bridge
Solid Bridge supports moving assets from Ethereum, BSC, Polygon, Avalanche to Solana and vice versa. Upon launch, we will release the final list of supported tokens, it will include: USDC, USDT, DAI, wETH and more to be announced later. The bridging process consists of 2 transactions, first transaction is to Solid Bridge, the second one is from Solid Protocol to your wallet. Given the liquidity is plentiful, it should only take about 10 to 30 minutes, from submitting a bridge request to tokens sent to your wallet. You can always check the status of your bridge request on Solid Protocol, the personalized link is shown right after you submit a bridge request. During the beta phase, investors are welcome to test Solid bridge functionality and send feedback to assist us in making it more user-friendly.
Solid Launchpad
We want to help projects start their crypto journey from the ground up. Strating from first counseling sessions to a well-built crypto machine, we want to make it easier for projects to raise capital and provide liquidity for their projects. Solid Protocol assists projects in all 3 stages of their early life:
- 1.We hold couseling sessions and verify the validity and seriousness of projects
- 2.New Projects raise capital through IDOs on Solid Protocol
- 3.Not moving a feet, new projects can add liquidity on Solid Protocol, making it a place to trade and swap their respective tokens.
Last modified 6mo ago
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