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Larix — The first Metaverse based Finance Protocol on Solana

The borrowing and lending protocol on the Solana blockchain

Image by Satheesh Sankaran from Pixabay

What is Larix?

Larix is the first Metaverse based Finance Protocol on Solana, adopted a dynamic interest rate model and created more capital-efficient risk management pools, as such a broad selection of collateral types, crypto tokens, stablecoins, synthetic assets, NFTs, and other kind of assets can be fully utilized in a safe way.

Larix adopted a dynamic interest rate model and created more capital-efficient risk management pools, as such a broad selection of collateral types can be fully utilized in a safe way. Furthermore, the rewarding system based on a delicately designed token economy enables continuous incentive allocation to boost real demands.

Why Larix?

  • The first lending protocol with live mining functionality
  • The first lending protocol will support NFTs peer to peer lending
  • The first lending protocol partially Open-Sourced on Solana

TOKENOMICS

$LARIX has a maximum supply of 10,000,000,000 (10 billion) tokens, which are allocated to mining and platform users, foundation and treasure function, team, and investors.

$LARIX Distribution
$LARIX Release Schedule
  • Daily release is an average number, actual release is dynamically changed.

The [Mining & Pool Reserve] is split into 3 portions to cover the 3 project phases over 5 years horizon. By design, 20% of the tokens are used for mining to enhance the APY of borrowing and lending. 10% and 25% of tokens incentivize the initiatives under Phase 2 and Phase 3 business planning respectively. The exact token allocation among the three phases may vary depending on market condition and product roll-out.

$LARIX Distribution Rate Model

Larix became the №1 LP lending platform on Solana

On December 31, 2021, Larix became the №1 LP mortgage financing platform on Solana within 12 hours with a TVL of $13 million.

Larix claimed to have achieved this epic milestone through:

The four major competitive advantages of their Raydium LP mortgage lending

Larix LP Mortgage Launch

The highest APR reached over 70%.

Comparison of LP APR among Larix and Raydium

INVESTORS

  • Solana
  • Solar Eco Fund
  • Epsilon Trading
  • Huobi Global
  • Gate.io Labs
  • Mexc Global
  • BitMart
  • Fenbushi Capital
  • Polygon
  • FBG Capital
  • 3Commas
  • LD Capital
  • Lancer Capital
  • ZONFF Partners
  • Fact Block
  • Libra Capital Ventures
  • IPC Iconplus Capital
  • OIG
Larix Investors/Backers

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