SolidLizard’s Momentous Comeback

Published on: 27.03.2024
SolidLizard's Momentous Comeback

SolidLizard’s momentous comeback solidifies its commitment to serve the decentralized finance industry. In 2023, the onset of the bull run on Arbitrum was initiated by SolidLizard’s introduction. It was an extraordinary journey that propelled its modest project to unparalleled success.

In a mere two weeks, SolidLizard’s Total Value Locked (TVL) surged from 50K to an impressive 120M. This remarkable achievement was made possible by the unwavering support of the Arbitrum community, renowned for its vibrancy within the DeFi market.

SolidLizard: Pioneering the DeFi Season on Arbitrum

SolidLizard secured around 10% of Arbitrum’s TVL, sparking a mini-bull market and marking the onset of the DeFi season on the platform. The project also established significant collaborations with 19 protocols, among them prominent entities such as Radiant, Beefy, Angle, and many more, affirming their trust in its groundbreaking initiative.

Throughout the year, they enabled trading volumes amounting to hundreds of millions and distributed hundreds of thousands in fees to their liquidity providers and veSLIZ holders. This cultivated a true symbiotic relationship between SolidLizard and its ecosystem, positioning it as a pivotal liquidity center on the Arbitrum One chain.

SLZ: Striving for Neutrality and Building Alliances

SolidLizard transcends being merely a decentralized project.

  • slzTokens
    SolidLizard Labs introduces slzTokens, synthetic assets (slzUSDC, slzUSDT, slzETH) designed to enhance capital efficiency. Minted at a 1:1 ratio with minimal fees, slzTokens leverage collateral in secure strategies, farming on Stargate to offer single-sided liquidity. Integrated into the SolidLizard DEX, this innovation generates significant protocol revenue, fortifying SLIZ against long-term inflation.
  • Neutral Farming Stablecoin
    Aligned with its narrative of real yield, aims to outpace competitors within the SolidLizard ecosystem. Users deposit USDC, half allocated to Aave to borrow ETH and establish an ETH/USDC position on a DEX, automatically rebalancing amid market changes. Rewards sustain SLIZ through buybacks and burns, ensuring long-term viability.

SolidLizard’s Future

Amid the ever-evolving cryptocurrency landscape, SolidLizard is excited to unveil its latest product on the Arbitrum One chain. This release signifies the culmination of extensive testing and deployment of contracts on the Arbitrum One mainnet for over a month. Following meticulous analysis, the launch is scheduled for early April.

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