Solidex Financial The project has attracted $2.18B in assets in just a few days since its launch on the Fantom blockchain – good for the 22nd position out of all DeFi's as of February 28. DeFi Camel It tracks the total value of lock (TVL).

In the current TVL, Solidex is ahead of popular programs such as Osmosis and DeFi pillars such as Synthetix.

So what attracts capital? Not surprisingly, it's the token rewards that users receive from the platform.

Yield Optimizer

According to the project, Solidex brands itself as "a protocol that optimizes Solidly's earnings, voting rights and liquidity supply". Documents . In short, the project is built on top of Solidly, a decentralized exchange deployed on Fantom. André Cronje The founder of Yearn Finance is the head of the project.

Both Solidly and Solidex have tokens that the agreement awards as rewards to users who deposit assets in the smart contract. If it is solid It is even ahead of Solidex, which has a $2.18B TVL, where users deposit assets into a liquidity pool to facilitate token exchanges. This is similar to any automated market maker (AMM).

As an exchange providing liquidity, users receive SOLID tokens, which they can lock into veSOLID tokens. These grant holders claim Solidly transaction fees as well as the opportunity to increase rewards through voting. If this sounds familiar, it is – Curve Finance's CRV tokens function very similarly to SOLID.

To draw parallels to Curve and its related programs, Solidex functions in relation to Solidly just as Convex Finance did with Curve – users are able to lock in liquidity provider (LP) tokens representing their Solidly deposits and receive rewards in the form of not only SOLID tokens, but Solidex's SEX tokens as well.

The yield is very stable – a safe bet even for stable pairs, as neither token is volatile, and as of February 28, users were able to generate 19.3% APR through the Magic Internet Money (MIM) and USDC mining pools.

Users can also Transformation Their SOLID tokens are converted to SOLIDsex tokens, which they can then pledge at 841% APR until February 28th.

Figure 9

CryptoYieldInfo, DeFi Influencer. See SOLID has a brighter future than UNI, the token of cryptocurrency flagship DEX Uniswap. According to CryptoYieldInfo, unlike UNI, which distributes 40% of its tokens to the Uniswap team, advisors and investors, 100% of SOLID's tokens are already public.

Andre Cronje released 100% of the Yearn YFI tokens to the public in what is probably the most equitable token distribution in history.

Of course, CryptoYieldInfo is already looking at the next monoculture farming opportunity. "If you enjoy $Solid You could have played a similar game on metis earlier, which could have benefited from testing," said the influencer Tweets February 25. Metis is Ether Layer 2, CryptoYieldInfo is looking at a token with the HERMES ticker symbol, which appears to be a token New AMM .