Solrise Finance overview

Solrise financial crisis is a fully decentralized and unattended protocol for mutual funds on Solana. This means that in practice anyone can open a fund and invest in it.

The Solrise platform enables fund managers from all over the world – whether established companies looking for a new channel or ambitious rookies who want to prove something – to open a fund, whereby the performance remains completely transparent.

Existing decentralized fund management platforms on Ethereum suffer from brutally high transaction fees. Solrise allows you to create, enter, and spend any money for as little as $ 0.01.

Solrise IDO participation information on AcceleRaytor Raydium

Details on how to participate in Public Raise on AcceleRator

• Total amount of tokens for fundraising: 2,000,000 SLRS (0.2% of the entire SLRS offer), 100% activated.
• Fixed price: $ 0.05 for 1 SLRS
• Total call capital: 100,000 USDC
• Form: lottery
• Allocation for each winning ticket: 50 USDC (1.0000 SLRS)
• Total number of winning tickets: 2,000 tickets
• Pool opening times: 7:00 p.m., July 5, 2021 (Vietnam time)
• Pool closing time: 11:00 PM, July 5, 2021 (Vietnam time)
• Time takes place: 4 hours

Pool conditions and details

There will be a RAY pool dedicated to raising capital for SLRS.

• The allocation is based on the lottery system
• Allocation to ticket winners: USDC 50 / ticket
• There are 2 timed snapshots to determine the allocation ticket

7 days duration:

• Condition: Minimum bet 100 RAY before the deadline 7 days below and deposit USDC within the pool opening period. Note that RAY must keep staking until the pool is opened.
• Profitless: 1 ticket corresponds to 100 RAY stakes, each person can receive a maximum of 5 tickets. Stake more than 500 RAY will still only receive up to 5 tickets.
• The staking duration is 7 days: before June 28, 2021, 7:00 p.m. (Vietnam time)

30 days term:

• To reward longer RAY holders, users qualify for a period of 30 days get more cards on tickets received within 7 days.
• Conditions: Minimum bet 50 RAY 30 days in advance and keep the bet before the deadline stated below and has successfully deposited USDC into the open pool. RAY must stay until the pool is opened.
• Winning ticket: 1 ticket for every 50 RAY used, a maximum of 5 tickets per person and 1 additional ticket for 1,000 RAY used.

For example: Alice bets 2,500 30 days in advance. She receives 12 tickets, of which 5 tickets for 7 days in advance and 5 tickets for 30 days time limit and 2 additional tickets for staking 1000 RAY.

• The 30-day staking period ends before 7:00 p.m. on June 5, 2021 (Vietnam time).

How it works:

Lottery tickets: Users receive tickets according to the voting mechanism above. However, for a winning ticket, users must deposit USDC for each ticket they wish to participate in in order to complete the process.

For example: Alice has 12 tickets as described above, Bob wagered 300 RAY 7 days in advance and received 3 tickets.

Send money to: When the pool is open Users need to deposit 50 USDC for every ticket keep going participate in the lottery. Users can choose to deposit less than the allotted number of tickets, however unsuccessful tickets cannot be deposited. Deposits must be a multiple of 100 USDC (200, 300, ..).

For example: Alice pays USDC 600 for the maximum allotment to ensure that all 12 of her tickets are in the lottery. Bob deposited 100 USDC even though he had 3 tickets because he didn’t have enough money to attend 3 tickets. In Bob’s case, only 2 tickets were entered into the lottery.

Lottery tickets: Once the pool is closed, the lottery process takes place and the winning ticket receives 50 USDC SLRS. The results of the lottery tickets are announced very quickly after the pool closes. The user can have more than 1 winning ticket

For example: Alice has the winning ticket and receives 50 USDC SLRS. Bob did not receive the winning ticket.

Claim: Once the lottery is complete, users can withdraw their USDC for the winning tickets. The entrance of SLRS from the winning ticket will be opened when trading for SNY IDO starts (details in section below)

For example, Alice receives 550 USDC and Bob claims 100 USDC according to the lottery results. Alice has to wait until the IDO of the SLRS claims the SLRS. Details on SLRS below

Lottery transparency

The lottery is run on-chain, lottery tickets are attached to tickets that users deposit into the pool. After the pool has been closed, the winner is determined by hashing a block, multiplying it by the time stamp and comparing these last 2 digits with the last number on the user ticket. Every ticket number in which the last 2 digits match will be counted as a winning ticket. This process is repeated until all winners have been determined.

Pool for whitelist

There will also be a separate Solrise pool for the whitelist with separate allocation requirements from the raffle RAY pool. The whitelist requirements for this additional pool are managed by Solrise and you can find details by following the official Solrise channels listed at the end of this post.

Solrise Financne (SLRS) IDO info on Raydium

Token starting price: $ 0.05 for 1 SLRS

IDO start time: The exact time will be announced shortly. The times will be updated in this medium post after confirmation and via Twitter.

How it happens:

• Raydium will introduce the SLRS-USDC pair liquidity pool in the above timeframe after trading on the Radium swap interface. AMM opens on serum after a while. LP starts ra
• Participants who win tickets for the accelerator pool can also request their tickets at exactly the same time as described above.

Fusion Pool – Providing Liquidity to Earn SLRS Rewards

• Users can also provide SLRS-USDC LP liquidity and then use LPs against interest on Fusion Pools. The reward will be SLRS.
• Pool Fusion Rewards begin as soon as the LP hits the market, giving users time to add liquidity and join Fusion Pools to increase revenues.

Instructions for participating in the Stake RAY on Raydium

Detailed instructions on staking on RAY on Raydium

The minimum requirement is 100 RAY

Step 1: Brothers access the Raydium platform: https://raydium.io/staking/

Step 2: Connect the wallet to the Raydium platform. Click on “Select”connect”. Choose Sollet Extension. If you create a wallet directly in the browser, select “Sollet”

Step 3: Wallet is connected, please select the bet table to be displayed “RAY stake”.

Step 4: Enter the bet amount and press “To confirm“

After confirming and verifying the number, you will have completed staking RAY to join Solrise.

Currently the AcceleRaytor pool is not open so I haven’t shown you how to send USDC to the pool.

You can refer to Mercurial’s IDO guide Here

Summary of the IDO participation guide from Solrise Finance on Raydium

Is up Guide to participating in the Solrise Finance IDO on Raydium, the content of the article only contains detailed information about the involvement of Solrise Finance in Public Sale and IDO, Raydium’s functions such as the provision of liquidity and yield Farm Token LP on Pool Fusion, see previous article. Readers, please follow the CoinCu channel to update the latest information. All information in the article is information researched by CoinCu itself and CoinCu is not responsible for direct and indirect risks. Good luck!