The Solomon ICO has officially concluded.
We raised $102,932,673 from 6,603 contributors.
Huge thank you to everyone who backed us.
Now we ship. SOLO token rollout updates coming soon.
May was another great month for the Inside scoop series π
Builders inside the @MonkeDAO are on the frontier in every industry sector from spending Stablecoins and making them productive to the backend of commerce.
To read the full interviews, click into my highlights tab!
As the Solana @incubator comes to an end, a huge thank you to @EmonMotamedi and @_ovsky for putting together such an incredible program.
The biggest value was the people, relationships, and opportunities that came from it.
Now it's on us to take Solomon mainstream.
Was watching @solomon_labs from a distance, because I wrongly overestimated how much tension there really was between USDv-style yield and where GENIUS and the current CLARITY draft are pointing.
@sptucha from the Solomon team helped me understand one crucial point:
βΎ Yield as a service (YaaS) is fully programmable. Yield can be structured and distributed based on what the rules require and where regulation is heading. It can be designed and adapted to stay compliant over time.
Also, YaaS can be applied beyond USDv.
Another strong feature of YaaS mentioned by @ranga at the Cohort 4 Demo Day is the ability to route the yield of the principal to another wallet.
βΎ Wallet A holds the productive asset (example: USDv)
βΎ yield automatically routes to Wallet B
Can see this feature used by treasuries, companies, and DAOs for convenience and security (cold storage can stay untouched).
They're building a solid stack to make the onchain dollar productive by default. Another gem from @MetaDAOProject ecosystem.
If your LP position has a stablecoin leg, youre leaving money on the table.
What if your stablecoin leg was also earning T-bill rate? Thats the power of USDv.