Solidly Exchange DeFi Farming for how high yields

By Cosmonauta | DeFi Degen | 2 Mar 2022


solidly defidegen

If you were not living under the rock for last few months, you probably heard what was cooking around Fantom Network; flourishing ecosystem, influx of assets, Sestagalli/0xSifu drama and most importantly ve(3,3).

Solidly Exchange is an automated market maker, a way for traders to trade without an order book model providing liquidity.

The Solidly tokenomics is based on the TVL of the top 25 Fantom protocol: solidly NFT will be airdropped to top 25 Fantom DeFi platforms (and platforms decides what to do with it by themselves: DeFi bribing thingy is interesting as well), hence the asset flux we have seen recently (in my humble opinion). 

Anyway, it seem like Andre Cronje's new project solidly.exchange doing great. Apart from it stirred lots of attention, it's also doing good. Here is rektdiomedes tweet which is summing up strategy. Since we are giving financial advices like tiktok investors it's up to you using this strategy with your favorite liquidity pools couples. In short, DYOR. 

Rektiomedes put it quite clearly with a flowchart, which explains the steps you have to take.

Rektiomedes solidly

In short, you provide liquidity on solidly.exchange and than decide if you continue to stake your LP tokens on solidexfinance.com (yield optimizer) or on solidly.exchange itself.

DeFi space is getting bit like "first comes, profits", this might be valid for Solidly.exchange as well: but on the bright side it's not your usual Olympus or Tomb fork. But in any case, being an early adaptor seem to be key in any case. Just keep in mind the negative sides of exposing yourself to smart contract, and double check the sites you are interacting with.

On the other hand, here is how solidly is doing on defillama right now:

defillama solidly

impressive, right?

I would like to ask for those who care to comment: what do you think about DeFi bribing, is it end of DeFi or is it empowering it?

 

 

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DeFi Degen
DeFi Degen

This is my side blog to introduce you to some DeFi strategies on major blockchains, including degen ones! From dex tokens to stable coins... if you have any tips, do not hesitate to leave a comment. As you know, in DeFi space, first come, first served.

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