Lithium Ventures Collaboration with SOLA-X
Lithium Ventures has announced collaboration with SOLA-X, the new and improved automated market maker (AMM) on Solana.
Project Introduction
Most of you are familiar with Automated Market Makers (AMMs), which have become an integral feature of the De-Fi ecosystem. AMMs allow for peerless swaps and provide on-chain liquidity. Since the rise of Uniswap, DEXs have improved vastly, continuously offering additional functionality and staking options to traders and LPs alongside bootstrapping liquidity for projects within their ecosystems. Sola-X is bringing another step of innovation to the DEX game on Solana.
SOLA-X will offer:
- Smart liquidity staking pool — providers only allocate capital into a single liquidity pool rather than specifically for trading pairs
- Deeper Liquidity for Traders
- High APYs for Liquidity Providers
- Instant Liquidity for Projects
- Staking Rewards for their native $SAX token holders
Background
SOLA-X boast an experienced team with a great track record. Combined, the founding team has launched a successful startup in the space totalling $80m valuation, built a DeFi protocol with $1.8bn in TVL, and an exit on the Stuttgart Stock Exchange—to name just a few of their achievements.
In addition, the SOLA-X team has assembled a stellar support line up from advisory, to investment, to technical integrations. The Frankfurt School Blockchain Centre and Munich based Moonrock Capital are supporting the SOLA-X team on the advisory front, assisting them with strategic decisions to ensure the project’s success. Active fund vt3 Ventures has backed the project with early stage investment, enabling SOLA-X to achieve a working testnet product already, demonstrating the team’s capabilities and vision for the Solana ecosystem.
With mainnet product not even live yet, the team has already won recognition from a prominent German business publication. Winners of the Handelsblatt Innovation Award 2022 in Finance and Commerce, the SOLA-X team are giving an insight into their capabilities and vision long before they have even gone to market.
Partnership
Lithium has partnered with SOLA-X to provide support around the management and growth of their community. By using Lithium, SOLA-X will be able to incentivise users through unlocking allocation in their upcoming Community Raise and earning $USDC and $SAX rewards by completing missions on our platform.
With the raise a few months away, the collaboration will begin to start driving engagement, education, and hype around SOLA-X.
About SOLA-X
SOLA-X is changing the way AMMs are designed within the Solana ecosystem. SOLA-X has developed flexible and dynamic liquidity pools that enable multiple assets per pool, unilateral liquidity provisioning, and features such as protocol-managed liquidity or smart liquidity routing.
About Lithium Ventures
Lithium Ventures is a Crowdfunding Launchpad built on the Polygon Blockchain. They democratise the early investment process by providing frictionless access to users looking to invest in blockchain projects at the earliest possible stage.
SOURCE
https://medium.com/future-venture/sola-x-partnership-7b3eda3e1910
