Solana Ecosystem’s Yield Farming Aggregator Optimizer protocol, Solyard (YARD) Market Analysis
- Project Introduction
Solyard is a yield farming aggregator optimizer protocol that efficiently manages user’s SPL tokens and automatically generates profits for users’ SPL capital for 7*24 hours.
Solyard’s intelligent strategy for automatic compound interest eliminates the need for users to learn complex DeFi products. Solyard will look for the best platform for automatic compound interest among the many DeFi products in the Solana ecosystem, and adopt a smart contract automated compound interest model to provide users with a stable assets and asset management platform.
Solyard currently has three products: aggregate mining, aggregate lending, and Leveraged Yield Farming.
Solyard Aggregate Lending Platform aggregates multiple lending platforms in the Solana ecosystem, providing users with the best lending plan using smart contracts without the need for users to compare on multiple platforms. At the same time, Solyard also enhances the liquidity of Solana’s ecosystem capital and increases its capital efficiency by connecting LP borrowers and creditors.
At the same time, in the lending platform and aggregated mining products, the system will automatically generate a voucher token when lending or mortgage mining, and the voucher is the only voucher for the user’s asset loan and mortgage. In the Solyard aggregated lending platform, it will support the loan function of the mortgage voucher, users can use the mortgage voucher token to perform asset remembering lending services, which maximizes the utilization rate of users’ assets.
Leverage results from using borrowed capital to expand your asset base and the potential returns on that asset base. In other words, you borrow funds so you can invest more, and as a result, earn more. In the context of Yield Farming, leverage involves borrowing assets to multiply your Yield Farming position, resulting in you accruing larger yields.
In the Hackathon event hosted by Solana, Solyard won the third place in the voting for Asia. In addition, the Solyard contract code has passed the Slowmist team’s audit.
2. Tokenomics
YARD has a total suppy of 1 billion. Among them:
5% used for seed round financing, unlocked 5% at the time of listing, and then unlocked 23.75% quarterly thereafter.
15% for private placement, 10% unlocked at listing, and 22.5% quarterly thereafter;
3% for public offering, fully unlocked;
20% are assigned to the core team, 100% are locked for 6 months, then unlocked quarterly, 25% each time;
5% for marketing, 50% for planned unlock, then 12.5% for quarterly unlock;
52% for liquidity mining incentives.
3. Financing Situation
At present, Solyard has completed seed round and private round funding, with a total amount of$3 million USD. Investment institutions include Insignius Capital, DCI Capital, BH Private Capital, Arcuate Capital and more.
In the three rounds of funding plans for Solyard, the cost distribution of YARD is as follows: seed round at $0.01 USD/token, private round at USD $0.017 USD/token and public round at $0.023 USD/token.
The initial supply of YARD is 47.5 million. From 22:00 on September 12 to 17:00 on September 14, YARD released 30 million new tokens in MEXC’s M-Day event page .
4. Practical Value
The YARD practical use cases are as follows:
1. Intelligent vault for a single asset
2. For YARD/USDC staking pool and provide YARD rewards to LP
In addition, YARD will be repurchased periodically, and the quantity of repurchase will be determined by the on-chain transactionfee.
