Solanax and SODA Partnership

Published on: 17.06.2022

Solanax announced its partnership with SODA, the lending & Leveraged Trading & Financial Identity. Accumulate the value of on-chain behaviors.

Partnership HighLights

Solanax and SODA partnership will work together to build a more prosperous Solana ecosystem.

To begin with, SOLANAX is a decentralized and non-custodial automated liquidity mechanism supporting trades within the Solana ecosystem. Indeed, it does not have an order book. Because they remove all intermediaries, complexity, and time-consuming procedures from the equation, giving users the freedom to trade without fear of censorship or losing ownership of their assets.

Users have complete control.

Next-level liquidity.
Friction-less yield.
Light-speed swaps.
DeFi that is faster, cheaper, and more powerful.

Purpose Of Solanax

Moreover, the vision of SOLANAX is nothing less ambitious than becoming the UniSwap – a unicorn of the Solana network. Since, SOLANAX seeks to obviate the need for centralized middlemen, paving the way for entirely decentralized, censorship-resistant, and secure trading on the Solana ecosystem.

However, SOLANAX users will be able to effortlessly execute smart contract-based trades instantly and only at a fraction of the cost of the Ethereum network. Launch SOLANAX – open-source liquidity and DeFi protocol that the Solana community can quickly adopt and reuse for future projects.

Overview of SODA

Soda Protocol is the Financial Portal of Web 3.0 and it consists of three main parts:

Soda Fi

A DeFi platform provides services including lending, leveraged trading and under-collateralized loan for the ecosystem. While, Raydium and Orca power Soda Lending powers the leverage part and the swap process. Moreover, they can make the price impact as low as possible by reusing their relatively sufficient liquidity in the market.

Soda Maze