SolarDex – Solana’s safe De-fi Space
SolarDex is a platform that aims to solve these problems by acting not only as a standard DEX with limited orders and swaps but also as a liquidity provider. It will bring safe Defi space to investors on the Solana network.
What is SolarDex?
SolarDex is the first US-based Solana DeFi exchange that allows users to trade tokens on the Solana network. The platform works on eliminating carpet traction with the help of a smart contract that automatically locks in liquidity for three months.
De-fi is a good investment space, but there are still shortcomings, such as too large a liquidity balance that can cause investors’ losses. Besides, the reputation of liquidity pools is not guaranteed, such as rug pulls.
SolarDex is a platform that aims to solve these problems by acting not only as a standard DEX with limited orders and swaps but also as a liquidity provider. The exchange’s goal is to slow down the traction of carpets in the Solana ecosystem, and this is done by locking liquidity for three months after creating the liquidity pool.
– Auto-Liquid Lockout: As mentioned earlier, SolarDex features a one-of-a-kind mandatory liquidity pool lockout that eliminates the need for third-party liquidity locks. This helps to reduce the risk of carpet pulling.
– Liquidity Cap: The platform will use the Liquidity Cap as a transparent means to show how much liquidity is in a pool so that investors are aware of the actual value of their tokens.
– Token Swap: Users can trade on a pool as soon as it is formed with the help of SolarDex swap instructions. Tokens are transferred from one user’s account to the swap’s source token account, which is then transferred from the swap’s destination account to the user’s target account.
– Order books: SolarDex Order Book is a decentralized layer two exchange with order book developed on the Solana network. It was developed with traditional centralized exchange traders and traders using decentralized exchanges.
Tokenomics and use cases
Solar is SolarDex’s native non-mintable token and has a total supply of 100 million tickets. 55.7% of the token shares have been set aside for sale, while another 20% are held for liquidity. 15% stake is for centralized exchanges and another 5% for pool. The remaining 4.29% is for staking.
The SolarDex platform is acting as a centralized investment tool while preserving the essence of the basic ideas of DeFi by keeping the fund management completely unattended.
The platform also plans to incentivize users by acquiring NFT Solar Sentry to earn exchange fees and participate in the Solar ecosystem
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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