Solidly SOLID

Solidly is an automated market maker (AMM) decentralized exchange (DEX) platform. It was created by Andre Cronje and has gained significant attention, attracting over $2 billion in total value locked (TVL) within a week of its launch. Solidly aims to maximize yield for its stakeholders and provide an efficient liquidity tool for protocols. It also offers predictable income for liquidity providers, with fixed token streams allocated on a weekly basis, regardless of trading volume. Solidly has evolved over time, with Solidly V3 being the latest version that incorporates valuable insights from previous iterations to improve its functionality.

Solidly differentiates itself in several ways compared to other cryptocurrencies. Firstly, it is a self-optimizing decentralized exchange that focuses on capital-efficient acquisition of healthy TVL (Total Value Locked). This means that Solidly aims to maximize the efficiency of acquiring and managing funds within its exchange.

Additionally, Solidly introduces a stable invariant, which is an elegant and maintenance-free equivalent to Curve's curve with an A factor of 2. While it may not offer highly competitive swap rates, it serves as a versatile solution, catering to various trading needs.

Furthermore, while Solidly primarily focuses on the Ethereum network due to its high trading volumes, large user base, and numerous live projects, it also plans to expand to strategically important Layer 1 and Layer 2 solutions. This will allow veSOLID holders to seamlessly bridge their fNFT (fractional non-fungible tokens) to vote and earn on different chains.

Overall, Solidly aims to provide a unique and optimized decentralized exchange experience while also considering the liquidity of popular platforms like Uniswap for identical pairings.