The First US Based Solana DeFi Exchange
SolarDex is the first US-based Solana Dex that offers one of a kind safe platform. Solar eliminates the need for third-party Liquidity locks by making it mandatory for every liquidity pool to lock for 3 months. This means NO MORE RUG PULLS!
We want to make using the SolarDex platform seem like a first-class centralized investment tool while maintaining true to the Defi fundamental ideas by keeping fund administration completely non-custodial. We want people to feel protected knowing that their money is secure. SolarDex will allow any third-party manager to develop and supply actively managed funds or passive, automated investment pools, letting users engage in a wide range of assets and protocols, both native and off-chain, through SolarDex.
1. Auto Liquidity Lock:
Many decentralized exchanges (DEX), such as Uniswap, rely on liquidity pools. To form a market, users known as liquidity providers (LP) combine two tokens of equal value in a pool. In exchange for supplying their funds, they get trading fees equal to their percentage of overall liquidity from trades that take place in their pool. SolarDex is the first USbased Solana Dex that offers one of a kind safe platform. Solar eliminates the need for third-party Liquidity locks by making it mandatory for every liquidity pool to lock for 3 months. This means NO MORE RUG PULLS!
2. Swapping on SolarDex:
Users can start trading on a pool as soon as it is formed using the SolarDex swap instruction. Tokens are transferred from a user’s source account to the swap’s source token account, and then tokens are transferred from the swap’s destination token account to the user’s destination token account.
Because all accounts must be specified in the instruction for Solana programs, users must collect all account information from the pool state account, including the token A and B accounts, pool token mint, and fee account.
Furthermore, the user must allow the transfer of tokens from their source token account. SPL token:: is the best practice. instruction: Authorize a specific amount for a new throwaway Keypair, and then have the new Keypair sign the Solardex swap transaction. This restricts the number of tokens the software may take from the user’s account.
3. Yield Farming on Solardex:
You’ll need a wallet to hold your money before you start your adventure with Solardex. Unlike other blockchains, which may be accessed using a standard Metamask or a hardware wallet such as a Ledger or Trezor, SolarDex uses Solana that offers a variety of wallets from which to pick for keeping cash. These wallets are all non-custodial, which means you have complete control over your cash, and they may be used to receive and transmit SOL and other Solana Program Library (SPL) tokens. Although all of them may be utilized without trouble, we recommend the Project Serum team’s Solaedex wallet since it is very compatible with most, if not all, of the projects that are now live on Solana.
4. Order books:
Our main product is the SolarDex Orderbook. It’s a completely decentralized Layer 2 exchange with an order book developed on top of the Solana Network. While developing SolarDex Orderbook, we considered two types of traders:
5. Gas Fees Efficient:
Solardex uses Serum Protocol. Serum Protocol is based on Solana Blockchain and Solana is very gas efficient and has speed transaction throughput