A Brief Introduction: Solidly ve(3,3)
What is Solidly’s ve(3,3)?
Solidly is an Automated Market Maker (AMM) based on Uniswap v2, allowing users to swap between two tokens in a liquidity pool. Its uniqueness lies in its ve(3,3) model.
Solidly’s ve(3,3) model is derived from the two preceding concepts: The Vote Escrow (ve) Model pioneered by Curve Finance, and the (3,3) model pioneered by OlympusDAO. The Solidly model’s approach to fee distribution and sustainable liquidity mining addresses some challenges faced by new projects in bootstrapping liquidity and growth, unsustainable farming rewards, and sell pressure on reward tokens. Read more here.