Stable Coin Pools on Solidex, up to +2,000% APR (Fantom Chain)

Solidly and Solidex was created by Andre Cronje, the creator of Yearn Finance. With that it is certain that the new platforms are solid investments.

Solidex

The anticipation for the platform to open has been rampant wild. Currently in its first week of operation the TVL on the protocol as a whole is over $2 billion.

So why are investors attracted to Solidex? The platform is a yield aggregator. This means that for specific pair assets provided to Solidex the platform will automatically find the best yield for that pair and yield higher than usual APR. This supersedes that of beefy.finance in that Solidex will change the pool for investor if the yields are higher from one pool to another. All the user has to do is provide the assets.

Looking over on DefiLlama a list of top yielding platforms it should be noted that Andre spotted a really go problem to help for defi investors. Solidex will be only behind Convex Finance if we tracked current TVL. In time we shall see if Solidex can stick around and maybe even rival that of Convex.

Conclusions

Solidly is an exchange to swap tokens on the Fantom chain. While Solidex is a yield aggregator. The two platforms go hand and hand so investors who wish to invest in tokens would swap into the tokens through Solidly and then farm in pools on Solidex. The yields are still quite high compare to other platforms even with the massive TVL. At over $2 billion in a week there is still a lot to look forward to on these platforms.

https://solidly.exchange/liquidity

https://solidexfinance.com/#/pools

None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!