Solar Community AMA #2
In this post we’re gonna go over some of the community’s questions submitted on our Discord server.
What does the timeline look like for the lending platform? What do tokenomics look like in terms of incentivization of the lending platform?
We have recently announced an exclusive partnership with Moonwell, the lending/borrowing protocol of which will be integrated into Solarbeam at first and with Solaflare in subsequent stages, as soon as Chainlink comes on Moonbeam. The idea is based on our strong belief that partnerships with prominent and game-changing projects like Moonwell will shape the entire ecosystem. With Moonwell’s platform recently launched, we aim to integrate lending and borrowing into Solarbeam in the coming weeks.
What are the team’s plans to handle the “mercenary liquidity problem”. The issue where the dex can only maintain liquidity by offering substantial inflationary rewards. Also, has the team considered lowering the high FDV on Solar? Many other protocols are reconsidering their tokenomics and reducing their max supply to solve this issue.
Our early inflationary reward launch was targeted towards attracting initial liquidity on the DEX and establish the platform on the ecosystem. We followed this up with the launch of Flare and its revised economics, with a pattern of reducing emissions, lower FDV levels and a max supply reached in 6 years. Solar’s tokenomics will soon be revised on the same lines as Flare. Very recently, we have acquired a highly experienced external advisor as well, to augment our resources and understanding as we take our tokenomics to the next level.
Are there plans for Protocol Owned Liquidity and if so, with bonds and/or revenue?
Yes, adopting bonds is something that the team is considering for the future. Bonds offer a way to gather liquidity on the governance token (Solar-Flare), backing up and protecting from sudden price drops and establishing a lower limit for the price.
Are there any plans for stable swap pools?
This is an idea from the community that we embraced and delivered on our latest feature, Stable AMM, a few days ago. Stable AMM offers low slippage and price impact trades and also gives us the ability to support multiple bridged token versions.
You can find more info about the Stable AMM here.
Can you tell us as much as possible about the dev team? How many full-time? Where are you based? Do you have relevant prior experiences?
Currently, we have a vibrant team of 23 people, ranging from mods to developers. We function out of a cloud office, since our team is international.Many team members hold valuable experience in multiple crypto projects and additional experience in the financial and security sectors.
Why do users have to commit MOVR/SOLAR LP in order to participate in the eclipse launchpad rather than just SOLAR?
When we originally implemented the SOLAR/MOVR LP as payment in the IDOs, we envisioned supporting both our governance token and the native token of the blockchain. We also wanted to encourage liquidity to remain in the protocol.
With the adoption of the ve tokens, a revision of the Eclipse requirement and mechanics will also be made.
Both the multipliers and the token used to commit will see changes, as we will adjust based on the demand and the experience we got so far.
Is the team aware of the Curve wars taking place? Is this something the Solarbeam team could pivot to? Have there been discussions?
To provide some context, Curve has adopted an on-chain governance system, through the veCRV tokens, that allows the reallocation of the CRV rewards to farms of the community’s choosing. This created a huge demand for the CRV tokens, often with many projects attracting CRV liquidity by offering rewards to their users and consequently accumulating voting power on Curve to promote their project.
We are aiming for Governance to be the next big feature coming on both on Solarbeam and Solarflare.
We are very fond of Curve’s Governance system, proved by the adoption of our similar ve token model.The additional utility of the governance tokens and the decentralization of our platform is an exciting prospect and something we strive for.
We are implementing a version that could have a similar effect as Curve’s Governance, as projects will try having a large portion of our governance tokens including Solar and Flare in order to turn the vote in their favor. The restrengthened Governance will also provide additional utility and value to our ve tokens in this manner.
As we conclude our AMA, we want to thank our community and followers. Through your constant support we manage to realize ideas and suggestions on the Solar platform and continue growing and developing.
Solarbeam Foundation — Shine a light on DeFi, powering Moonriver and Moonbeam
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