DEX built on the Solana - Solanax
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DEX built on the Solana
AGENDA
1. Introduction 7. ERC-20 SPL
wormhoe bridge
2. Solanax Ecosystem 8. Tokenomics
3. Why Solana 9. SOLD Token
4. Vision 10. Roadmap
5. DEX 11. Disclaimer
6. UTILITY01 Introduction In terms of products and user acceptance, Decentralized Finance (DeFi) is now witnessing expo- nential expansion. In a decentralized, highly accessible, and trustless way, a wide array of financial products have been deployed into multiple blockchains. As of February 18, 2021, the entire value locked in DeFi has increased to $42.18 billion, up from $1.077 billion the previous year. Uniswap, a token exchange mechanism on the Ethereum blockchain, is one of the most well-known and widely used instruments. Its Automated Market Maker (AMM) makes use of the same product for- mula every time. Due to the fact that DeFi token exchanges are based on the Ethereum blockchain, it's impossible for the majority of customers to use decentralized trading. Solanax offers a solution to all the dif- ficulties within the current DeFi sector.
02
Solanax Ecosystem
Although it’s still in the very early stages, there are a clear roadmap and project goals for Solanax.
Within the Solanax ecosystem, there is more than just a lightning-fast and cheap DEX.
Zero front-running, fearless trades, minimal slippage, support for market makers and trading bots
with interoperability
In terms of productsare andalluser
features of a rapid
acceptance, trustless cross-chain
Decentralized DEX with
Finance (DeFi) a built-in
is now order book
witnessing expo-
for establishing
nential stop
expansion. Inlosses and profit-taking
a decentralized, levels.
highly accessible, and trustless way, a wide array of financial
products have been deployed into multiple blockchains. As of February 18, 2021, the entire value
Liquidity
locked inproviders are incentivized
DeFi has increased to provide
to $42.18 liquidity
billion, up to low-volume
from $1.077 billion theassets for higher
previous rewards,a
year. Uniswap,
as they exchange
token receive a share in proportion
mechanism on thetoEthereum
the volume they provide
blockchain, to the
is one of pool. The DEX
the most fee distribu-
well-known and
tion is 0.3%
widely usedfor the taker and
instruments. 0.2% for theMarket
Its Automated maker.Maker (AMM) makes use of the same product for-
mula every time.
Solanax, as well as providing the fastest DeFi protocol presenting AMM and DEX, will implement a
wormhole
Due to thebridge to access
fact that the entirety
DeFi token of crypto
exchanges assets
are based ongenerated on the
the Ethereum Ethereumit's
blockchain, network. The
impossible
Wormhole is notof
for the majority a customers
blockchainto network, so it can safely
use decentralized depend
trading. on offers
Solanax consensus and finalization
a solution of
to all the diffi-
the chains
culties thatthe
within it bridges.
current DeFi sector.
Solanax is truly decentralized. All guardians perform the same computation upon observing an
on-chain event and sign a so-called Validator Action Approval. Should a two-thirds majority of all
guardian nodes observe and sign the same event using their individual keys, then it is automati-
cally validated by the Wormhole contracts on all chains and triggers a mint/burn.03
Why Solana?
Solanax manages to provide the solution to existing issues surrounding DeFi. Everybody knows
that the Ethereum mainnet proof-of-work consensus has major design flaws. It is slow, hard to
scale, and has high transaction fees.
Solana was
In terms of chosen
productsasand
theuser
underlying blockchain
acceptance, to fix these
Decentralized problems
Finance (DeFi) isbecause it is the expo-
now witnessing fast-
est-growing ecosystem
nential expansion. In a in the crypto world
decentralized, highlyin accessible,
2021. With the
andability to provide
trustless an incredible
way, a wide 50,000
array of financial
transactions
products haveper
beensecond,
deployed this permissionless,
into high-performance
multiple blockchains. As of February blockchain
18, 2021, thebased
entireon a
value
proof-of-history consensus
locked in DeFi has increased enables low-
to $42.18 cost and
billion, high-speed
up from transactions
$1.077 billion like noyear.
the previous other.Uniswap, a
token exchange mechanism on the Ethereum blockchain, is one of the most well-known and
No moreused
widely highinstruments.
gas fees. ByIts
using Solana,Market
Automated the Solanax
Maker platform offers
(AMM) makes near-zero
use feesproduct
of the same to provide
for-
liquidity to an
mula every time.AMM pool, farm the liquidity provider token, and harvest the rewards.
No
Due more liquidity
to the issues.
fact that DeFi Because liquidityare
token exchanges providers prefer
based on one exchange
the Ethereum over another,
blockchain, traders
it's impossible
will not majority
for the have to pay for any slippage
of customers on the decentralized
to use decentralized trading.exchange with its
Solanax offers limited liquidity.
a solution to all the diffi-
culties within the current DeFi sector.
Solana is widely anticipated to become the new crypto-standard setter, based on peer-reviewed
research, and developed using evidence-based methods. In other words, it is necessary for Solana
to provide the fastest, low-fee, censorship-resistant blockchain to allow the world's financial
system to flourish by democratizing it.04
Vision
SOLANAX is nothing short of ambitious than being one of Solana's network-leading AMM and DEX
platforms.
In terms of products and user acceptance, Decentralized Finance (DeFi) is now witnessing expo-
SOLANAX is attempting
nential expansion. In a to eliminate centralized
decentralized, intermediaries
highly accessible, and to way,
and trustless paveathe way
wide for full
array decen-
of financial
tralization,
products havecensorship-resistant,
been deployed into andmultiple
safe trading within the
blockchains. As Solana ecosystem.
of February 18, 2021, the entire value
locked in DeFi has increased to $42.18 billion, up from $1.077 billion the previous year. Uniswap, a
SOLANAX users will
token exchange be able to effortlessly
mechanism execute
on the Ethereum smart contract-based
blockchain, trades
is one of the mostinstantly and only
well-known and
at a fraction
widely used of the cost of Its
instruments. theAutomated
Ethereum network in comparison.
Market Maker (AMM) makes use of the same product for-
mula every time.
Our end goal is to create an open-source liquidity and DeFi protocol that offers attractive interest
rates
Due toin the
order
facttothat
attract
DeFiinvestors, as well are
token exchanges as abased
protocol that
on the the Solana
Ethereum community
blockchain, can easily
it's impossible
adapt
for theand reuse of
majority forcustomers
future projects.
to use decentralized trading. Solanax offers a solution to all the diffi-
culties within the current DeFi sector.05
DEX
Human-centered design, lightning-fast speed, and nearly zero fees. DEX with everything in one
place. SOLANAX is a decentralized and non-custodial automated liquidity mechanism supporting
trades within the Solana ecosystem.
SOLANAX does not have an order book because we remove all intermediaries, complexity, and
time-consuming procedures from the equation, giving users the freedom to trade without fear of
censorship or losing ownership of their assets. Users have complete control.
In terms of products and user acceptance, Decentralized Finance (DeFi) is now witnessing expo-
nential
Our expansion. In a decentralized, highly accessible, and trustless way, a wide array of financial
advantages:
products have been deployed into multiple blockchains. As of February 18, 2021, the entire value
lockedand
Faster in DeFi has increased
cheaper: We use theto $42.18
Solanabillion, up from
blockchain's $1.077 billion
efficiency the previous
to achieve year. Uniswap,
transactions whos area
token exchange
substantially mechanism
faster on the
than Ethereum, Ethereum
with blockchain,
gas prices that are aisfraction
one ofofthe
themost
cost. well-known and
Awidely
centralused instruments.
order Its Automated
book is needed Market Maker
for ecosystem-wide (AMM)Solanax
liquidity: makes use of the on-chain
provides same product for-
liquidity
mula
to the every
Our owntime.
DEX's central limit order book, giving Raydium Solanax users access to the full eco-
system's order flow and liquidity.
Due to the
Trading fact that
interface: ForDeFi token
traders who exchanges are based
want to monitor on the Ethereum
TradingView blockchain,
charts, place it's impossible
limit orders, and ex-
for the majority of customers to use
ercise more control over their trading.decentralized trading. Solanax offers a solution to all the diffi-
culties within the current DeFi sector.06
UTILITY
Liquidity providers have an incentive to provide liquidity to low-volume assets for higher rewards,
as they get a share directly proportional to the volume they provide to the pool.
When you make a trade or exchange on Solanax, you'll be charged 0.3% for the taker order and
0.2% for the maker. As a reward for liquidity suppliers, 0.4% are redeposited into the liquidity pool
and acts as a reward.
0.1% of the SOLD tokens are sent to the staking pool as a reward for individuals who stake their
SOLD tokens.
Fees Rewards
0,3% 0,2% 0,4%
0,1%07
ERC-20 SPL wormhole bridge
Solanax will use a wormhole bridge to access the entirety of crypto assets generated on the Ethe-
reum network, as well as providing the fastest DeFi protocol presenting AMM and DEX, using the
Wormhole bridge.
AInwormhole
terms of is not a blockchain
products and user network — it Decentralized
acceptance, doesn’t have to be. Instead,
Finance (DeFi)itiscan
nowsafely rely onexpo-
witnessing con-
sensus
nentialand finalization
expansion. In a of the chains that
decentralized, it bridges.
highly accessible, and trustless way, a wide array of financial
products have been deployed into multiple blockchains. As of February 18, 2021, the entire value
Itlocked
is leaderless
in DeFi —hasallincreased
guardianstoperform the same
$42.18 billion, up computation upon observing
from $1.077 billion the previousan year.
on-chain eventa
Uniswap,
and
tokensign a so-called
exchange Validatorson
mechanism Action
the Approval
Ethereum(VAA). If a 2/3+ismajority
blockchain, one of oftheallmost
guardian nodes have
well-known and
observed and signed the same event using their individual keys, then it is automatically
widely used instruments. Its Automated Market Maker (AMM) makes use of the same product for- consid-
ered
mulavalid
everybytime.
all Wormhole contracts on all chains and triggers a mint/burn.
Solanax visionary
Due to the investors
fact that will exchanges
DeFi token use the SOLD
are Token
based extensively on ourblockchain,
on the Ethereum platform. People will be
it's impossible
incentivized to spend
for the majority their SOLD
of customers Tokens
to use on the platform,
decentralized trading.increasing demand
Solanax offers and raising
a solution to allthe
theprice
diffi-
of the token. To use all of the features
culties within the current DeFi sector. of the Solanax platform, users must have SOLD Tokens in
their wallet. Solanax will continue to evolve, allowing everyone to profit from the protocol. Early
adopters, on the other hand, will benefit the most because they will be able to stake, provide
liquidity, and farm immediately, as well as receive rewards, starting on the first day of our plat-
form's launch.08
Tokenomics
Solanax visionary investors will use the SOLD Token extensively on our platform. People will be
incentivized to spend their SOLD Tokens on the platform, increasing demand and raising the price
of the token. To use all of the features of the Solanax platform, users must have SOLD Tokens in
their wallet. Solanax will continue to evolve, allowing everyone to profit from the protocol. Early
adopters, on the other hand, will benefit the most because they will be able to stake, provide
In terms and
liquidity, of products and user acceptance,
farm immediately, Decentralized
as well as receive rewards,Finance
starting(DeFi)
on theisfirst
nowday
witnessing
of expo-
nential
our expansion.
platform's In a decentralized, highly accessible, and trustless way, a wide array of financial
launch.
products have been deployed into multiple blockchains. As of February 18, 2021, the entire value
5%
locked in DeFi has increased to $42.18 billion, up from $1.077 billion
Team the previous year. Uniswap, a
Total
tokenSupply: 80 000
exchange 000 SOLDon
mechanism Tokens
the Ethereum blockchain, is one of the most well-known and
widely used instruments. Its Automated Market Maker (AMM) makes use of the same product for-
mula every time. 15 %
Liquidity
Due to the fact that DeFi token exchanges are based on the Ethereum blockchain, 40 % it's impossible
for the majority of customers to use decentralized trading. Solanax offers a Platform
solution Incetives
to all the diffi-
culties within the current DeFi sector.
15 %
Staking
25 %
Treasury/Private sale09 SOLD Token Features 1. Staking: Holders of SOLD tokens will be able to stake them to receive an additional return from trading fees. 2. The ability to stake SOLD for higher yield rates. 3. A limited governance model is anticipated to be included in Solanax, allowing SOLD stakehold- ers to engage in and vote on community ideas and modifications.
10
Roadmap
Q2 Q2 Q3 Q3
2021 2021 2021 2021
CREATING THE SOLANAX MARKETING AND BRAND GOVERNANCE PLATFORM SOLANAX SWAPPING
ECOSYSTEM IDEA AWARENESS CAMPAIGN DEVELOPMENT LAUNCH SOLANAX
AND ESTABLISHING LIQUIDITY LAUNCH
THE CORE TEAM
Q1 Q4 Q4 Q3
2022 2021 2021 2021
LAUNCH OF SOLANAX - INTEGRATION OF BSC SPL LISTING ON MAJOR INTEGRATION OF WORMHOLE
OPEN SOURCE LIQUIDITY WORMHOLE BRIDGE EXCHANGES BRIDGE LINKING
AND DEFI PROTOCOL ERC-20 SPL11 Disclaimer This paper is produced for educational and informational purposes only and is not intended to be used as a financial promotion. No information, data, or analysis presented are intended to form the basis of any investment decision. Nothing in this paper should be construed as an offer or inducement to engage in any form of investing activity. This paper is not a prospectus, invita- tion, inducement, or proposal for investment, nor is it meant to be a sale or issuance of securities, interests, or assets. The informa- tion in this document is provided in good faith. SOLANAX expressly disclaims any and all responsibility, and Recipients expressly waive all claim for any direct or indirect loss or damages of any kind (whether foreseeable or not) arising directly or indirectly from (i) reliance on any information contained in this document or any information made available in connection with any further inqui- ries, (ii) any error, or inaccuracy in this document, (iii) any action resulting therefrom or (iv) usage or acquisition of products. This disclaimer applies notwithstanding any default, lack of care or negligence. SOLANAX reserves the right to amend, alter, or correct this document at any time without warning or incurring any duty or liability to any receiver. This contract does not attach SOLANAX, nor does it express any rights, obligations, conditions, performance, covenants, promises, or warranties on behalf of SOLANAX to the recipient, nor does it establish any relationship between SOLANAX and any Recipient or other party.
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