What Is Solily Protocol (LILY)? Coin Review? Guide About Aalto Protocol

What Is Solily Protocol (LILY)?

Solily Protocol is a one-stop DeFi platform incorporating a variety of DeFi services into one ecosystem. They aim to build a go-to DeFi platform for newcomers by providing more accessibility and capital efficiency to users. They believe the protocol will scale fast due to its eclectic nature.

The longer you lock up for, the more veLILY you will receive, which translates into a higher multiple on your rewards APY and governance voting power.

Important Points Table Of Solily Protocol

How to Buy the Continental & Trade On Exchange?

LILY Price Live Data

The live Solily Protocol price today is $0.053798 USD with a 24-hour trading volume of $161,690 USD. They update the LILY to USD price in real-time. Solily Protocol is up 2.09% in the last 24 hours. The current CoinMarketCap ranking is #3818, with a live market cap of not available. The circulating supply is not available and a max. supply of 200,000,000 LILY coins.

If you would like to know where to buy Solily Protocol at the current rate, the top cryptocurrency exchange for trading in Solily Protocol stock is currently Raydium. You can find others listed on crypto exchanges page.

Unleash the Power of DeFi

SoLily Protocol connects all the DeFi features into a single ecosystem. Our vision lies in creating a go-to DeFi platform for any service you can think of. Trade, lend, farm, stake, launchpad-all in one protocol.

LILY Token

Maximum Supply: 200,000,000Allocation:

• 5% Initial Liquidity – 10,000,000 LILY-500,000USDC provided via Raydium
• 15% Development Fund (including IDO) – 30,000,000 LILY
• 10% Boardroom – 20,000,000 LILY as dividends distributed in 10 months
• 10% Team – 6 months cliff and 540 days vesting
• 60% Mint – See emission table below

Supported Assets

Raydium：

SOL-USDC，SOL-USDT，USDT-USDC，RAY-SOL，RAY-USDC，RAY-USDT，RAY-ETH，mSOL-USDC

Orca：

SOL-USDC，ORCA-USDC，mSOL-USDT，ORCA-SOL，SOL-USDT,USDC-USDT

Larix：

SOL，mSOL，USDT，USDC，ETH，BTC，SRM，stSOL

Saber：

MSOL-SOL，USDT-USDC，BTC-renBTC，stSOL-SOL，UST-USDC，USDC-USDCcet

Francium：

SOL，mSOL，USDC，USDT，ETH,BTC

Maximum Efficiency

Auto-compound frequency is set at 10 minutes thus allows users to reap more rewards with their assets.

Protocol Fees

• No Deposit Fee
• No Withdrawal Fee

​Platform Fee:

1. 1.4% on LP Assets Vaults
2. 2.8% on Single Assets Vaults

50% of platform income will be distributed to veLILY holders as dividends

• Controller Fee: 1% to cover gas cost and underlying services

Lily’s Governance

Lily’s governance vault is a fork of Curve DAO’s governance. We believe this is one of the best models to align the incentives of the platform with loyal token holders. You’ll be able to choose how long you want to lock up your Lily tokens, from a minimum of 1 week to a maximum of 140 days.

In return, you will receive veLILY tokens which will represent your share in the governance rewards pool as well as your voting power for the upcoming governance functions in Q2 2022.The amount of veLILY you’ll receive will be calculated based on the amount of Lily deposited and the remaining lock duration. The longer you lock up for, the more veLILY you will receive, which translates into a higher multiple on your rewards APY and governance voting power.

Governance Voting Power

More veLILY = more votes for governance proposals. This is coming in the second half of the product release for this governance vault in Q2 of 2022.

Roadmap

Phase I

• Team building
• UX Designing
• Coding
• Create Social Accounts
• Solana Riptide Hackathon Participation
• Solana Devnet Testing
• Community Developing and Enlarging
• Partnerships Seeking

Phase II

• DApp Webpage Out
• Mainnet Community Co-testing
• Solana Riptide Hackathon Results Announced (April 13th)
• IDO
• Official Launch
• CoinMarketCap Listing
• CoinGecko Listing
• Defillama Listing
• Multiple Community AMA
• Listing SOL-USDC, SOL-USDT, USDT-USDC, RAY-SOL, SOL, mSOL, USDT, USDC vaults
• Listing ETH, BTC, SRM, stSOL vaults..
• Boardroom Dividends Distribution
• More TBA…