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Solily Protocol, One-Stop Defi Platform Solana with Accessibility and Capital Efficiency

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16
May

Solily is a one-stop DeFi platform that combines a number of DeFi services into a single ecosystem.

Project Introduction

Solily is a one-stop DeFi platform incorporating a variety of DeFi services into one ecosystem. They want to make DeFi a go-to platform for newbies by making it more accessible and capital efficient. Because of its eclectic character, they anticipate the protocol will scale quickly.

Project Tokenomics

Ticker: LILY Token

Maximum Supply: 200,000,000

Allocation:

  • 5% Initial Liquidity – 10,000,000 LILY-500,000USDT provided via Raydium
  • 15% Development Fund (including IDO) – 30,000,000 LILY
  • 10% Boardroom – 20,000,000 LILY as dividends distributed in 10 months
  • 10% Team – 6 months cliff and 540 days vesting

Lily’s Governance Vaults

Curve DAO’s governance vault is a fork of Lily’s governance vault. This is seen to be one of the finest approaches for aligning the platform’s incentives with loyal token holders.

You’ll be able to pick between a minimum of one week and a maximum of 140 days to lock up your Lily tokens. You will get veLILY tokens in exchange, which will reflect your portion of the governance rewards pool as well as your voting power in the next governance functions in Q2 2022.

Based on the quantity of Lily placed and the remaining lock period, the amount of veLILY you’ll get will be computed.

veLILY

The ecosystem is controlled by veLILY holders, who earn the majority of platform fee income. veLILY token holders must invest their tokens in the Boardroom Pool in order to claim these gains. The quantity of veLILY tokens you invest determines the amount of profit you earn ( percent of the pool).

Platform Revenue Sharing

50% of platform revenue and boardroom dividends will be allocated to veLILY shareholders.

Weekly Pool:

  • Once a week, veLILY holders who invest in this pool will earn 50% of platform income dividends in the form of SOL token.

Monthly Pool

  • Dividends consist of 2,000,000 LILY tokens from the boardroom.
  • veLILY holders who stake in this pool will receive dividends in the form of LILY once a month.

Project Roadmap

Phase I

  • Team building
  • UX Designing
  • Coding
  • Create Social Accounts
  • Solana Riptide Hackathon Participation
  • Solana Devnet Testing
  • Community Developing and Enlarging
  • Partnerships Seeking

Phase II

  • DApp Webpage Out
  • Mainnet Community Co-testing
  • Solana Riptide Hackathon Results Announced (April 13th)
  • IDO
  • Official Launch
  • CoinMarketCap Listing
  • CoinGecko Listing
  • Defillama Listing
  • Multiple Community AMA
  • Listing SOL-USDC, SOL-USDT, USDT-USDC, RAY-SOL, SOL, mSOL, USDT, USDC vaults
  • Listing ETH, BTC, SRM, stSOL vaults..

Learn More

Twitter: https://twitter.com/solilyio

Telegram: https://t.me/solilyprotocol

Disccord: https://discord.gg/CXSTZRYtH9

GitHub: https://github.com/solilyprotocol

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