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
Source : cryptodaily.io
