Solidly SOLIDPrice $ 0.00624

Solidly is a self-optimizing DEX combining the best of Curve, Uniswap and ve(3,3). In contrast to Uniswap or Curve, which return 0% or 50% of fees to UNI or veCRV, respectively, Solidly distributes 100% of the fees to its governance token. In turn, liquidity providers earn 100% of the protocol emissions and LP bribes. Solidly improves upon the best of both worlds: combining Uniswap’s pioneering AMM design with Curve’s vested-escrow and stable-pool innovations, wrapping them into a capital-efficient ve(3,3) rewards incentive system to attract fee-generating liquidity. Solidly’s platform serves to maximize the yield for Solidly’s stakeholders and be an efficient tool for protocols to deepen their liquidity.

Liquidity providers earn SOLID tokens (ERC-20), which can either be sold or locked into veSOLID NFT positions (ERC-721) — a financial NFT — with locks ranging anywhere from 1 week to 4 years. The longer the lock durations, the higher the voting power, revenue share, and dilution protection.

Solidly is not just a platform for users to enjoy low-fee decentralized swaps, it is also a place for protocols looking to increase liquidity of their protocol tokens in a capital efficient manner. Solidly offers 2 types of bribes:

• Bribes to Voters. Protocols who incentivize liquidity in their tokens have the option to bribe voters into voting for the protocol’s trading pair which then allocates SOLID emissions to their tokens
• Bribes to LPs. Another way to incentivize liquidity on the Solidly DEX is by bribing LPs directly. In addition to earning SOLID emissions, LPs also earn bribes in whichever tokens a briber attaches to the LP gauge.