Provide personal or organizational details, including applicant name, contact information, and any associated organization. This information ensures proper identification and communication throughout the grant process.
Ray Wang, BD Lead
Founded in 2020, Solv Protocol is dedicated to becoming the architect for the next generation of finance, and the critical infrastructure bridging liquidity across DeFi, CeFi, and TradFi. It has introduced innovative products including Vesting Vouchers, Bond Vouchers, and our Fund SFT for on-chain funds.
Solv V3 allows global institutions and retail investors to access varied, trusted crypto investments on one transparent and secure platform. It also empowers excellent fund managers to efficiently raise capital and build on-chain credibility. With these capabilities, Solv facilitates the discovery, creation, and realization of real yields, advancing crypto finance maturity.
- On-chain Fund Platform Powered by ERC-3525
- Product Diversity
- Pioneering User Experiences and Composability
- Institutional-Grade Risk Management Engine
- Institutional-Grade Fund Screening
- Multi-party Controlled Vault
- Coordinated Settlement Procedures
Below are the core team members
- Meng Yan: Co-founder
- Will Wang: Co-founder and CTO
- Ryan Chow: Co-founder and CEO
- Ethan Y. Tsai: Lead Developer
- Eva: Marketing Lead
- Jing Xiong: CBO
- Ray Wang: BD Lead
- Serena: HR Lead
- Summer: Design Lead
- Zhang Ming: Product lead
Detail the requested grant size, provide an overview of the budget breakdown, specify the funding and contract addresses, and describe any matching funds if relevant.
Yes we will do grant matching. Our Solv token is not live yet and we will issue future tokens ($fvSolv) packaged in the self-developed ERC3525 token(SFT, Semi-fungible token).
100% ARB(150k ARB) will be added as extra incentives for the fund products issued on Solv Arbitrum over 4 months, ideally bringing $15m in volume to the Arbitrum ecosystem.
It will be provided when the $fvSolv incentive plan starts in coming weeks.
It will be provided when the $fvSolv incentive plan starts in coming weeks.
Clearly outline the primary objectives of the project and the Key Performance Indicators (KPIs) used to measure success. This helps reviewers understand what the project aims to achieve and how progress will be assessed.
- User/Business growth
- Bootstrapping new liquidity pools for Solv V3
- Driving TVL and volume growth by variety of funds issuance such as RWA and delta neutral DEFI funds on the Arbitrum ecosystem
- TVL (Product side)
- New fund issuance volume
Solv Protocol is going to issue multiple DEFI market making funds to allow the users to earn consistent and appealing returns within a controlled environment characterized by relatively low risk, such as the ongoing open-end GMX with total $20,000,000 capacity: https://app.solv.finance/earn/open-fund/detail/2
We have a plan of token emission to make our yield returns more attractive, as well as to bootstrapping the Token Governance; Adding the $ARB will help to consolidate this plan by attracting high value existing Arbitrum users to join us.
Additionally, by Q4 2023, we will deploy a liquidity pool starting from $10,000,000 AUM for the Solv FOF(Fund of Funds), we’re also looking forward to add some $ARB as part of incentives and ideally in 1 year we want to be the best player in this DEFI category on Arbitrum.
Currently we’re rebooting the activities on Arbitrum, and have issued over $3million funds to run DEFI Delta Neutral strategies on top of the native Arbitrum DEFI protocols.
Solv is confident to bring a variety of low risk yield strategies including DEFI and RWA to the Arbitrum ecosystem, with the $150k grant we can drive the product growth by making the yield strategies on Solv more attractive and reaching a new high AUM($30m ~ $60m) by end of March 2024.
GMX V1 Delta Neutral Pool Address：0xec56e3894e2352a03492c0d91538e9dda2206c76
GMX V2 Delta Neutral Pool Address：0x9f6478a876d7765f44bda712573820eb3ae389fb
Execution Strategy: [Describe the plan for executing including resources, products, use of funds, and risk management. This includes allocations for specific pools, eligible assets, products, etc.]
- 100% ARB(150k ARB) will be added as extra incentives for the fund products issued on Solv Arbitrum
- 75k ARB for Offchain/RWA funds
- 75k ARB for Onchain Delta Neutral Strategy funds
2023 October - 37.5k ARB
2023 November- 37.5k ARB
2023 December - 37.5k ARB
2024 January - 37.5k ARB
Fund Streaming: [Do you accept the funding of your grant streamed linearly for the duration of your grant proposal, and that the multisig holds the power to halt your streamed at their discretion at any time?]
Provide details about the Arbitrum protocol requirements relevant to the grant. This information ensures that the applicant is aligned with the technical specifications and commitments of the grant.
No. Solv V3 supports a number of chains and growing our presence in the Arbiturm ecosystem is one of our key goals
Ethereum Mainnet, Mantle, Binance Smart Chain, Polygon, ZkSync
Apr-11-2022 - Solv V2 convertible bond issuance for Strip Finance
Since deploying on Arbitrum, Solv has completed a total of $5.5m fundraising, with current AUM of around $3.3 million. The number of independent investors is 240.
The main activities of Solv on Arbitrum include:
- On April 2022, SOLV V2 has issued a onchain bond for Strip Finance and had raised $2,000,000 on Arbitrum:
Fund receiving and market making address: Token Transfer | Arbiscan
The Bond Issuance address: Solv Protocol: STRP Bond Voucher | Address 0x32126ae067ec31974180f79b6313ae986a375faa | Arbiscan
- Blockin GMX Delta Neutral Pool is our biggest Arbitrum pool at the moment. This pool currently holds $2.7 million in assets(https://app.solv.finance/earn/open-fund/detail/2). We have also launched the GMX V2 Delta Neutral Pool, which currently holds $0.3 million in assets(https://app.solv.finance/earn/open-fund/detail/5 ). Through these pools, we provide stablecoin yields that are not affected by market price fluctuations for everyone.
Officially launched in 2023, Solv V3 has pioneered the construction of a trustless fund infrastructure based on ERC-3525, and has served over 25,000 investors, with over $150 million raised for funds since the launch. On Arbitrum, we’re confident to reach over $15m AUM in Q3 for the recent open-end GMX fund https://app.solv.finance/earn/open-fund/detail/2 , which will drive the growth of both Solv and Arbitrum in users and TVL.
In the future, Solv V3 is not limited to issuing DEFI marketing making products, but also more LSD, CEFI, TradeFi assets, RWAs, etc.
We believe onchain asset management will be a long term game and we want to expand it with strategic partners such as Aritrum, to build a “BlackRock” of DEFI.
Q3 2023 - Originate LSD funds and RWA funds on Solv’s platform, expanding asset classes.
Q4 2023 - Roll out a robust risk management system to monitor strategies in real-time and optimize returns versus risks.
Q1 2024 - Introduce a secondary market for trading fund tokens before maturity, powered by our ERC-3525 standard.
The Solv V3 smart contract has been audited by Coinstep, Salus, Secbit, Slowmist, Certik and Hexens, and has handled over $150 million in funds.
Audit Reports: GitHub - solv-finance/Audit: Audit reports of SOLV Protocol
Provide details on how your team is equipped to provide data and reporting on grant distribution.
Yes, a new Dune dashboard will be created to track the KPIs no later than the middle of October.
Yes, we’ll provide updates according to the new Dune dashboard.
Does your team acknowledge that failure to comply with any of the above requests can result in the halting of the program’s funding stream?: