Feb 02 2023


8:00 am

Your Time

  • Timezone: America/New_York
  • Date: Feb 02 2023
  • Time: 3:00 am



SolidLizard Launch

Protocol launch for a DEX with vote-escrowed; -ve(3,3) mechanics on Arbitrum.

  • Mechanics & Features
    • SolidLizard is a DEX that combines the concepts of vote-escrow; ve(3,3) – Olympus DAO anti-dilution method + Curve’s vote-escrowed model in the Solidly-initiated ve(3,3) mechanics
    • Provide liquidity on incentivized pools to receive $SLIZ rewards
    • Lock $SLIZ to get $veSLIZ (locked as $veSLIZ NFT)
    • $SLIZ can be locked up to a maximum of 4 years – the longer the lock, the higher the amount of $veTHE voting power received
    • $veSLIZ is the governance and vote-escrowed version of $SLIZ
    • $veSLIZ holders receive weekly $SLIZ emissions, trading fees, bribes, and governance power
    • $veSLIZ holders can vote weekly to decide which LPs receive $SLIZ emissions the next week
    • $veSLIZ holders receive trading fees and bribes for the LPs they vote for – the pools with higher votes receive more $SLIZ emissions
    • Trading fees will range from 0.02% for stable pools, 0.4% for variable pools
    • 50% of the trading fees will be distributed to the $veSLIZ holders every week, other 50% to treasury to be used for buybacks
    • 65% of $SLIZ supply is directed towards liquidity providers and 35% to $veSLIZ holders at the epoch 1
    • $SLIZ does not have a maximum supply, but emissions are distributed in a system of decreasing inflation
    • Weekly emissions start at 2 million $SLIZ and decay at 3% per week (epoch)
  • Tokenomics
    • Token symbol: SLIZ
    • Initial supply: unknown
      • ❌ No information available on the initial token distribution
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