Larix X One Ring
We are glad to announce that One Ring Finance and Project Larix will be working together to leverage both platforms capabilities on the Solana Blockchain.
We want to welcome Project Larix to the fellowship of the One Ring.
Over the past months, Solana has garnered significant attention from the cryptocurrency community, with its native token (SOL) registering a 46x price increase year-to-date, propelling it into the top 10 cryptocurrencies by market capitalization.
The protocol has emerged strongly over time as a highly credible candidate to compete with Ethereum and Binance Smart Chain (BSC), the two current market leading blockchains by transactions.
Solana’s primary value proposition is the ability of its architecture to process a large magnitude of transactions per second in contrast to its competitors, with the lowest average fee per transaction compared to its rival networks.
Given the rapid rise of blockchain adoption and usage globally, Solana’s greater efficiency on both speed and cost translates into a compelling proposition for blockchain developers who are increasingly building protocols that have massive user bases and need to support large transaction volumes.
Larix is the first lending protocol on Solana which maintains basic SPL lending needs and aims to bridge new types of tokens like synthetic assets, and NFTs. Therefore, lending/borrowing is an infrastructure for determined token holders who have great confidence on token value and also want to get APY interests in the long-term besides value growth. Larix now is:
- The first lending protocol with live mining functionality
- The first lending protocol will support NFTs peer to peer lending
- The first lending protocol Open-Sourced on Solana
Larix not only supports mortgage lending of cryptocurrency, stable tokens, interest-bearing assets (LP, certificates of deposit, etc.), synthetic assets , but will also support a series of innovative financial activities such as the transaction, leasing, mortgaging, and auction of virtual real estate, GameFi components and various NFTs.
Welcome to the Fellowship.
We cannot let pass the opportunities on the Metaverse ecosystem, we cannot close ourselves to DeFi alone, and for that we need to work with experienced protocols and get the most out of the current tendencies that’s why we want to welcome Larix to the Fellowship!
One Ring will use Larix infrastructure to offer our users more yield farming opportunities, this includes strategies as common yield farming by deploying liquidity into Larix with our stablecoins and earning interest and more complex ones like NFT collateral lending which would allow us to leverage our yields.
We are also happy to finally share some alfa with you! One Ring will be launching its official Solana NFTs with Larix! We can’t get into much detail right now, but we can tell you that NFTs will play an important role in the One Ring Ecosystem, NFT holders will get some pretty cool extra features. More information about this soon, so stay tuned ;-)
And if that wasn’t enough, $RING holders will be able to decide what we should do with the protocol fees. The community can vote on buying assets including NFTs and Virtual Land, which can be managed by Larix. Just to give you an idea, we can buy a really valuable land and lend it, use those funds to boost our yields or pool shares and get even more fees! This is still a proposal, and we are working closely with Larix to build something you guys and gals will love.
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 (account receivables, invoices, mortgages, etc.) 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 demands. All VALUABLE assets could be accepted by Larix.
About One Ring
One Ring is the first multi-chain cross-stablecoin yield optimizer in the space. The goal of One Ring is to take away the complexity of DeFi 2.0 and make things easy for the user. By this, we will be able to open the DeFi space for a whole new layer of users that want to receive yield on their stables instead of just having them sit in their wallets. With a strong network of partners, KOLs, advisors and such, One Ring aims to go right to the top and set new benchmarks for the upcoming DeFi 2.0 winter.
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