Saros Finance (SAROS) was launched on HotsCoin on January 23. Saros Finance is a unified DeFi product suite based on the Solana blockchain, including three basic building blocks: SarosSwap (AMM), SarosFarm and SarosStake, of which SarosSwap is the entire ecosystem. core. Currently, SAROS is open for trading on HotsCoin.
Token information
Total supply: 10,000,000,000 SAROS
Fully diluted market cap: $106,821,202.92
key events
2024-01-08
Saros Finance completes US$3.75 million private placement round
Saros Finance Overview
Saros Finance is a unified DeFi product suite built on the Solana blockchain, consisting of the three basic building blocks of SarosSwap (AMM), SarosFarm, and SarosStake. Among them, SarosSwap is considered the core of the entire ecosystem. Saros Finance recently completed a private placement round that attracted $3.75 million in funding.
Saros Finance Product Overview
SarosSwap
SarosSwap is a decentralized automated liquidity protocol built on Solana that enables users to swap SPL tokens. The goal is to attract retail investors into the Solana ecosystem through maximum price discovery.
SarosFarm
SarosFarm is an aggregation platform for different incentive pools to help projects quickly and gradually increase liquidity. SarosFarm and Saros will attract and engage users who provide liquidity, enabling massive inflows while simplifying and accelerating liquidity onboarding and enabling new projects to be built on Solana.
SarosStake
SarosStake focuses on increasing user staking returns through single asset staking to maximize returns and avoid inevitable losses. Like SarosFarm, SarosStake is expected to attract users who provide liquidity, accelerate liquidity onboarding, and facilitate the development of new Solana projects.
The choice between SarosSwap and AMM
SarosSwap, as a representative of AMM, has several advantages in choosing this model. First of all, it has become a habitual product for DeFi users, because in the past two years, users have become accustomed to using AMMs such as Uniswap and PancakeSwap for asset exchange.
Secondly, AMM simplifies the creation and management of liquidity, making it easier for builders to create and manage liquidity. This is because the widely used x*y=k AMM design optimizes passive liquidity provision, allowing builders to focus on product development.
In addition, AMM turns holders into passive market makers, increasing their "interest participation" in the project.
The difference between SarosSwap and other AMMs
From a technical perspective, SarosSwap uses the same x*y=k formula as other AMMs on the market. However, a focus on user experience (UX/UI) and gamification will set SarosSwap apart from the competition and provide users with a better trading experience.
future outlook
Obviously, Saros Finance will not be limited to these three basic building blocks, and more development and innovation will be the direction of the future. As the DeFi space continues to grow, Saros Finance’s position in the Solana ecosystem will continue to grow. Investors should pay close attention to the future dynamics of Saros Finance, especially in the context of growing DeFi demand in the Solana ecosystem.