Solace Partners with Gelato and GYSR to Launch Uniswap Liquidity Pool on Polygon
Solace is launching a SOLACE/FRAX liquidity pool on Uniswap that will have automated liquidity management and incentives for liquidity providers (LPs) thanks to Gelato and GYSR, respectively.
Gelato’s G-UNI pools have automated liquidity management for Uniswap V3 pools, specifically re-balancing and auto-compounding functionalities. Thanks to their solution, we know that liquidity providers don’t have to worry about manually managing their position.
They are also working with GYSR to deploy $SOLACE token incentives, distributing 6 million $SOLACE tokens over three months (~$340,000) to LPs.
How to Provide Liquidity and Get $SOLACE Rewards
- Get some $SOLACE via Sushiswap (Ethereum), Trisolaris (Aurora) or from Bonds, and get some FRAX from Uniswap (Ethereum), or 1inch (Eth, Polygon, etc.)
- Go to Sorbet Finance, and find the SOLACE/FRAX pool. (sometimes Mediums takes a bit to redirect)
- Select the pool and add liquidity to the pair.
- Go to GYSR, and find the SOLACE/FRAX pool.
- Select the pool and stake your G-UNI tokens.
Now, you set yourself up to earn from the $SOLACE emissions!
By tapping into the existing DeFi community of LPs and farmers of GYSR, Solace hopes to introduce and activate users to Solace’s insurance tools and ecosystem.
About Solace
Solace is the only crypto protection protocol that offers simple, intelligent, and transparent protection tools for people who want to explore crypto without compromising safety. Through the current and upcoming tools, users can get coverage for their crypto positions with ease.
About Gelato
Gelato Network is the automation layer of Web3, DeFi, and beyond. Gelato is building the underlying infrastructure ensuring reliable automation on top of public blockchains and with it a key part of the Web3 middleware stack, enabling trustless, automated flows of value between smart contracts. Serving a multitude of use cases, Gelato has powered limit orders, debt refinancing, and LP management across multiple chains and has partnered with the leading DeFi and blockchain projects like Instadapp, MakerDAO, QuickSwap, and many more.
About GYSR
GYSR is a platform for on-chain incentives. The protocol acts as both an investment platform where people can find pools to invest in, and a developer tool where projects are able to deploy secure and configurable incentive programs without using any code.
