SOLA-X, a trailblazing cross-chain hub, has achieved remarkable fundraising milestones, according to latest updates from AngelBlock. AngelBlock, a non-custodial DeFi protocol, is not merely a platform but a catalyst that is redefining the fundraising landscape in the crypto world, enabling projects like SOLA-X to reach their fundraising goals swiftly. The platform has recently joined the Aleph Zero Ecosystem Funding Program to expand its reach and enhance its developments.
SOLA-X Raises $680K; Live Token Sale Heads Toward $50K
According to AngelBlock, the decentralized fundraising platform, its inaugural project SOLA-X makes a triumphant splash in the funding arena. With an impressive feat, SOLA-X has secured a substantial sum of $680K, combining funds raised from both the public sale and the pre-seed round.
SOLA-X addresses the inherent flaws in existing DeFi ecosystems, which often lead to high impermanent loss risks, low APY for liquidity providers, and substantial slippage for traders. With nearly half of Uniswap’s TVL exposed to impermanent loss and significant price impacts on platforms like Orca, SOLA-X is introducing a new approach to liquidity. This includes smart liquidity routing, allowing users to deposit a single asset that provides auto-rebalanced liquidity across multiple pools.
In addition, SOLA-X’s protocol incorporates its own arbitrage strategy, eliminating external arbitrage bots and generating additional APY. The platform also enables liquidity providers to boost their capital efficiency by lending liquidity through money markets. SOLA-X recommends splitting orders with a price impact above 0.2% into fractional orders, reducing price impact and slippage.
SOLA-X is also pioneering a unique pool architecture that allows single-sided liquidity provision, multiple assets per pool, and adjustable asset weightings. This design, inspired by the models of Curve and Balancer, is more resistant to impermanent loss.
SOLA-X provides not only a standard swap interface but also incorporates perpetual DEX features, including the ability to open long or short leveraged positions and access real-time charting.
AngelBlock sheds light on SOLA-X’s fundraising aspirations, aiming to secure $200K with a softcap set at $50,000. Investors are presented with a range of investment opportunities, with the flexibility to contribute between 100 to 50K USDT. SAX, the utility token of SOLA-X, is active on the Ethereum blockchain and can be acquired at a listing price of $0.0174 on the AngelBlock platform. Investors have until July 8, 2023, to invest in this blockchain project.
AngelBlock Drives Force With Aleph Zero Partnership
Maintaining the decentralized spirit of crypto, AngelBlock stands as a pivotal bridge linking promising crypto and FinTech startups with seasoned investors. The platform’s mission is to streamline the financing process for new ventures in the crypto, blockchain, and FinTech sectors, emphasizing early-stage investments. This process is carried out in a fully on-chain and decentralized manner, staying true to the fundamental values of the crypto universe.
With the backing of the Aleph Zero Ecosystem Funding Program (EFP), AngelBlock is poised to amplify its platform’s capabilities. This strategic alliance not only provides AngelBlock with supplemental grant funding to enhance its project developments but also broadens its influence within the expansive Aleph Zero ecosystem network.
AngelBlock has emerged as a messiah platform for blockchain projects, providing a one-stop solution for fundraising needs. Unlike traditional launchpads, AngelBlock charges zero fees on the funds raised, allowing projects like SOLA-X to retain complete control and reinvest more into their growth.
