Solrise is a fully decentralized and non-custodial protocol for investment funds on Solana. What this means in practice is that anyone can open a fund, and anyone can invest in it. Users can create their own Portfolios, be Asset Managers, and freely combine multiple assets, including Solana and Serum.
Anyone can permissionlessly create or invest in a Solrise fund while keeping full custody of their investments. The protocol facilitates the management of investor or personal investments on Solana which can be withdrawn at any time.
Managers can:
- Trade on-chain perpetual futures contracts using Mango Markets.
- Swap on-chain using Jupiter's DEX Aggregator.
- Earn performance fees from investors.
- Compete for prizes and rewards in DAWN of the Apes.
Investors can:
- Freely invest into or withdraw from any Solrise fund at any time.
- Have more experienced traders manage their capital and risk.
- Base investment decisions on detailed historical metrics across all funds.
About $SLRS
- SLRS is the utility token of the Solrise ecosystem.
- It's an SPL token on Solana and below is its contract address.
- SLRS Contract Address: SLRSSpSLUTP7okbCUBYStWCo1vUgyt775faPqz8HUMr
The utility benefits of staking SLRS differs depending on which market participant you are.
- As a Manager, you get a higher share of the performance fee that investors pay to withdraw from a fund.
- As an Investor, you pay lower exit fees to the Solrise protocol when you exit a fund.
- As a Solflare User, you pay lower in-app swap fees.
- As an SLRS Staker, you have exposure to 8-40% APYs depending on how long the stake is locked up for.