Solomon Labs
Solomon is a stablecoin protocol on Solana that issues a composable, non-rebasing USD stablecoin, designed to maintain its peg with 1 USD through arbitrage. Users can stake the stablecoin to mint its yield-bearing version, which accrues value over time through a continuously increasing redemption rate. Solomon is built for deep integration with decentralized finance and can provide stable, capital-efficient on-chain USD, usable in lending, trading, payments, and liquidity systems.
Overview
Solomon is a stablecoin protocol on Solana that issues a composable, non-rebasing USD stablecoin, designed to maintain its peg with 1 USD through arbitrage. Users can stake the stablecoin to mint its yield-bearing version, which accrues value over time through a continuously increasing redemption rate. Solomon is built for deep integration with decentralized finance and can provide stable, capital-efficient on-chain USD, usable in lending, trading, payments, and liquidity systems.
- Sector
- # Other
- Ecosystem
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Team
Team information has not been disclosed.
Funding history
1 disclosed rounds- Public sale
8,000,000 USD
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