What is Solvent? All information about Solvent and token SVT

• Solvent . overview
• What is Solvent?
• Solvent's outstanding features
• Solvent's main products
• Solvent project developer and investor
• Solvent's development roadmap
• Overview of the SVT . token
• What is SVT token?
• Information of SVT . token
• SVT . token allocation
• Where can SVT tokens be bought and sold?
• The future of Solvent and should I invest in SVT tokens?
• summary

Solvent . overview 

What is Solvent?

Solvent is a platform that provides liquidity to NFTs, allowing users to trade NFT assets quickly. To do that, the project that allows anyone to convert NFTs into fungible tokens is called Droplets. Droplets can be traded on the Serum Order Book or other AMM DEXs. 

Not stopping there, users can use their Droplets to exchange NFTs available on Solvent or swap Droplets for USDC directly from the platform. They can also deposit Droplets into liquidity pools on Solvent for additional rewards. In addition, Solvent will integrate more features such as borrowing, lending, NFT derivatives and many more interesting utilities for Droplet. Therefore, in the future these Droplets can be used across all DeFi applications and on-chain protocols.

Solvent's outstanding features 

Instant Liquidity for NFT

The most prominent feature of Solvent is that it provides a liquidity platform, allowing users to exchange their NFT assets for liquidity in the form of Droplets of that NFT project. At the same time, the Droplet is tradable on Serum and can even be swapped for USDC on the Solvent platform itself.

Liquidity Mining & Yield Farming

With this feature, NFT traders can exchange their NFTs for Droplets and provide liquidity to Pools on AMM DEXs like Atrix Finance. LP tokens can also be staked to receive rewards as SVT tokens. The project allocates 30% of SVT platform tokens as rewards for liquidity mining.

Staking SVT

SVT is the governance token for the Solvent platform. A portion of the platform mining fees will be used to redeem SVT tokens from the market. These tokens will then be distributed to SVT token holders and stakers.

Community Administration

SVT token holders will have the right to participate in community governance and help drive the development of liquidity and NFT assets on Solvent.

Solvent's main products 

Bucket

Bucket is like collection repository of NFT projects on Solvent. Each NFT project built on the Solana blockchain will have its own Bucket on Solvent. In order to mint the NFT project's fungible tokens (Droplet), users need to deposit their NFT assets into the appropriate Bucket. 

Example: If a person has Degen Ape Academy NFT and is looking for liquidity through Solvent, they can move to the Degen Ape Degen Ape Academy Bucket. They then simply submit the NFT and mint the Degen Ape Academy project Droplets, in this case DAPE.

Some Bucket Notes:

• When a user deposits NFT into any Bucket for Droplet minting, they lose ownership of that NFT.
• Although, smart contract allows anyone to create Bucket, but Buckets listed on Solvent platform will be Buckets created by Solvent team. 

Droplet

Droplets are fungible tokens representing NFT projects on Solana. They resemble any token on Solana like USDC or GRAPE. Users can mint Droplets by depositing their NFTs into their compatible Bucket.

The droplet is unique to every NFT project on the Solvent platform. For example, Degen Ape Academy will have their Droplet on Solvent as DAPE.

Droplet is also used in some cases as follows:

• Swap Droplet for any SPL standard token like SOL, SBR, USDC…
• Droplets can also be used to provide liquidity and its liquidity pools are set up on AMM like Cropper Finance or Cyclos.
• Users can also swap the Droplet of one project with the Droplet of another project. 
• Droplets can be used for any DeFi applications and protocols integrated with Solvent.

Droplet Liquidity Pool

Users can use Droplet and SOL to provide liquidity to these pools to ensure smoother swaps. In return, they will receive a portion of trading fees from the swap as a reward for providing liquidity.

Solvent project developer and investor 

Development team

Solvent development team has not been revealed yet, TraderH4 will update once more information from the project is available.

Investors

The project is currently being invested by major investment funds in the market such as CMS, Cropper, Double Peak, Darkpool Liquidity, Gate.io, GBV, Genblock Capital, MEXC, Rok Capital, Serum, Solana Ventures, Solar Eco Fund , SVC…

Solvent's development roadmap 

1st quarter of 2022

First, the project will integrate Oracle for the NFT floor price index feed. Since each Droplet will represent 1% of the NFT assets of that NFT project, the floor price of the NFT project on Solvent will be calculated by multiplying the actual value of the Droplet by 1% of that project's NFT assets. A real-time quote feed for Droplet price changes can be generated by integrating with Oracle on-chain.

Developers and other Web 3.0 protocols can leverage real-time data feeds from Oracle to build DApps. These apps will use the top stable AMM DEX based price floor feed available on Solvent.

Second, the project will publicly release Solvent's Javascript SDK. This tool allows DApp developers to query data contained in Bucket and integrate NFT encryption functionality into Solvent Droplets.

Second quarter of 2022

Firstly, Solvent will integrate with Ethereum NFT projects into Solana through cross-chain bridges and launch features of the Solvent platform.

Second, the project will integrate with the perpetual swap protocols on Solana. In this case, the pricing feed of Droplets through Oracle can be leveraged for perpetual swaps at the price floor of NFT projects.

Overview of the SVT . token

What is SVT token?

SVT is the governance token of the Solvent platform and has the following functions:

• Governance : SVT holders can suggest and contribute ideas to help the Solvent platform develop in the future.
• Staking : Investors can stake SVT tokens on the system and receive rewards.
• Mining Cost Discount : SVT holders will be eligible for a mining fee discount. 

Information of SVT . token

• Ticker: SVT
• Blockchain Network: Solana (SPL)
• Total Supply: 100,000,000 SVT
• Circulating Supply: 6,920,000 SVT

SVT . token allocation

• Solvent Liquidity: 20%
• Team: 18%
• Liquidity Rewards: 30%
• Public Sale:1.5%
• Seed Sale: 7%
• Private Sale: 8.5%
• Advisor: 3%
• Ecosystem & Marketing: 12%

Where can SVT tokens be bought and sold?

Recently, Solvent opened to sell tokens on Gate.io, now investors can buy/sell SVT on this exchange.

The future of Solvent and should I invest in SVT tokens?

From mid-2021 until now, the NFT market has always been a category that many investors are most interested in. Many experts believe that NFT will still attract the attention of more investors in 2022. However, NFT is facing an important problem of very poor liquidity. Therefore, Solvent was born with the goal of solving this problem by providing a liquidity platform for NFTs.

In addition, Solvent is supported by famous investors in the cryptocurrency market. This will be a plus point for this project, but Solvent has not yet revealed the identity of the development team. Therefore, people need to do thorough research before making a decision to invest in this project

Some official information channels of the project that investors can follow are:

Website | Twitter | Discord | Docs

summary

Thus, TraderH4 has just provided readers with all information about the Solvent project and the SVT token. Solvent has a very unique idea of ​​creating a platform that allows investors to tokenize NFT assets into Droplets to provide liquidity and receive rewards, instead of providing liquidity with conventional tokens. Thereby, Solvent solves the dilemma of NFT's lack of liquidity. At the same time, helping NFT have another profit-making application, instead of just being collected by investors. 

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