Solar Protocol Liquidity & dApp Launch
July 15 update – launch delayed to July 19.
July 14 update – the team says they are launching at “approximately” 19:00 UTC.
July 7 update – launch delayed to July 15. Time is TBA.
New node-as-a-service launch on Fantom.
❌ No contracts published yet.
DETAILS
- Launch Details
- Token launch will be on BeethovenX- $KELVIN / USDC pair
- Listing price: $50
- Presale price: $20
- Presale was for the sale of $nKELVIN tokens
- $nKELVIN can only be used to create STARS nodes
- There is no information available yet on the initial liquidity or marketcap
- Mechanics
- STARS are yield-generating, non-tradable NFTs
- $KELVIN (+ 30% value in stables) is used to mint STARS nodes
- STARS generate $KELVIN rewards, which can be claimed or compounded into additional STARS
- 30% in stables fee is waived for compounding rewards into STARS
- Maximum of 40% claim tax on rewards; decreasing weekly until 0% after 30 days
- STARS have a lifespan of 200 days, after which they stop generating rewards
- Lifespan can be extended by compounding
- STARS requires a maintenance fee, paid monthly in stable coins
- There are 3 types of STARS nodes:
- Protostar:
- Cost: 5 $KELVIN + 30% value of 5 $KELVIN in stables
- Rewards: 0.052 $KELVIN tokens per day per STAR (~125 day ROI)
- Maintenance fee: $10 per month per STAR
- Neutron Star:
- Cost: 10 $KELVIN + 30% value of 10 $KELVIN in stables
- Rewards: 0.13 $KELVIN tokens per day per STAR (~100 day ROI)
- Maintenance fee: $25 per month per STAR
- Quasar:
- Cost: 30 $KELVIN + 30% value of 30 $KELVIN in stables
- Rewards: 0.455 $KELVIN tokens per day per STAR (~86 day ROI)
- Maintenance fee: $90 per month per STAR
- Protostar:
- Solar maintains 4 vaults, funded by fees from token swaps, reward claims, creation and maintenance of STARS
- Rewards Vault: for rewards payout
- Treasury Vault: for protocol investments
- LP Vault: for liquidity injection
- Stable Price Vault: for maintaining a stable price via a liquidity management system
- Project Vault: for team expenses (capped at $41,000/month)
- Solar will generate revenue from treasury investments in yield farming, lending, and providing web3 development and design services
- Tokenomics
- Total supply: 1,000,000 $KELVIN
- 15,000 – Presale
- 665,000 – Rewards Vault
- 60,000 – Treasury
- 250,000 – Liquidity Vault
- 25,000 – Stable Price Vault
- 10% sell tax on $KELVIN
- Total supply: 1,000,000 $KELVIN
- Roadmap includes launch of utility NFTs, lottery system, mini-games, and migration to a revenue-share model
Related Posts
- Twitter: https://twitter.com/SolarProtocol_
- Discord: https://discord.com/invite/solarprotocol
- Contract: https://docs.solarprotocol.io/other-important-info/addresses
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Additional Notes:
Tulip DAO KYC