Overview of the AC masterpiece Solidly, ve3,3 mode locks the token SOLID into an NFT

Yearn founder Andre Cronje, referred to as AC, has launched a new project called "Solidly" on Fantom, which is now officially live. The Solidly team has today announced the release of their token SOLID and other functionalities, providing the contract address. They have also stated that this is experimental software and there is a significant risk of losing funds. The token SOLID is not for trading, and any other SOLID tokens are scams. Please do not participate with profit-making motives.

Overview of Solidly Features

Solidly can be seen as AC's ambition to recreate the Ethereum Curve scene on the Fantom public chain. The ve3.3 model released earlier this year is AC's attempt to create a better lock-up model, and the protocols in the Fantom ecosystem are actively involved.

Solidly's main slogan is: "0.001%, low-cost stablecoin exchange". It emphasizes a 0 slippage price and issues governance tokens locked up as NFTs through veToken = lpNFTs, providing secondary market circulation. Solidly believes that there is a significant potential market for the exchange of volatile assets and stablecoins. They aim to provide users with a fast, seamless, and cheap trading experience while maximizing returns.

Features: Lock-up NFT, Delegated Governance Rewards

On the Solidly platform, there are features such as Swap Coin, Liquidity, Vest Lock-up, Vote, Rewards, and Whitelist.

A distinctive feature is the Vest Lock-up, which allows users to lock up the governance token SOLID as veNFT on the platform. Users can select the amount of SOLID and choose the lock-up period: weekly, monthly, annually, or every four years, resulting in the generation of an NFT after lock-up.

Another feature is Delegated Governance Rewards, which essentially provides the opportunity to receive bribes. Users' governance voting rights can be delegated to competing liquidity pools, and stakeholders in these pools may attract votes through bribery.

Additionally, it appears that veNFT can also be viewed in the Rewards section, showing details such as which pool the liquidity comes from and the amount of rewards received.

Lastly, the Whitelist feature seems to be related to veNFT but currently does not have a fully demonstrated function.

Solidly emphasizes many differences from traditional AMMs, such as xy>=k, and effectively enhances the stablecoin exchange curve x3y+y3x. For more details, refer to the GitHub documentation.