Recently, I observed a coin that has seen an impressive increase this year, $saros, with a year-to-date increase of up to 2464%. It is really impressive; data shows its price reached an all-time high of $0.4136 on August 4th.
Many people are curious about what kind of project it is and what it does.
Saros is a DeFi platform based on Solana, dedicated to optimizing the Web3 user experience through innovative liquidity solutions and a full suite of financial tools. Leveraging Solana's high performance, Saros provides one-stop DeFi services that include trading, liquidity management, and asset deployment.
🟠 Core Drivers of $SAROS Surge
1. Dynamic Liquidity Market Maker (DLMM)
Saros launched the most advanced dynamic liquidity market maker (DLMM) in the Solana ecosystem on June 3rd, achieving efficient capital utilization, low slippage trading, and higher LP fee earnings through dynamic price range optimization.
2. Token Buyback and Deflationary Mechanism
$SAROS total supply is fixed at 10 billion tokens, and the Saros Foundation will also purchase 100 million tokens from the market, significantly reducing the available supply and creating favorable conditions for price increases. In the future, Saros will continuously conduct buybacks with 20% of protocol revenue to further enhance deflationary effects.
🟠 Core Features of Saros DLMM
- Seamless LP Management: Simplifies the liquidity provision process and lowers operational thresholds.
- Maximizing Capital Efficiency: Concentrates liquidity within specific price ranges to reduce impermanent loss.
- Dynamic Fee Adjustment: Real-time optimization of fees based on market fluctuations to incentivize LP participation and reduce risks.
🟠 Saros 2.0: Redefining Solana Liquidity
Saros 2.0 goes beyond traditional decentralized exchanges (DEX), building a full-stack liquidity engine that provides efficient, transparent, and composable infrastructure. Its key highlights include:
- Collaborating with the original team of Trader Joe, with transparent code audits, DAO governance ensuring fair incentives.
- Supports rapid deployment of Meme coins, automatic compounding, liquidity rebalancing, etc., significantly improving user experience.
- Integration with platform X for simultaneous token issuance and Meme popularity indicators, further enhancing ecological attractiveness.
◈ Participation in Saros 2.0 governance can also yield more potential incentives, such as $SAROS staking rewards, transaction fee discounts, airdrop boosts, etc.
◈ According to CoinGlass data, the total contract volume of $SAROS on platforms like Bybit is approximately $29.5 million, showing high market interest.
Data Source: coinglass.com/en/currencies/…
◈ Saros has raised a total of $3.75 million, with investors including Solana Ventures, Hashed Fund, The Spartan Group, and 8 other institutions. It also has a strong partner network, collaborating with DEX platforms such as OKX, Orderly Network, Titan Exchange, Jupiter, with Wormhole providing cross-chain support, Tether as a strategic stablecoin partner, and DefiLlama, DEXTools, Birdeye, GeckoTerminal providing technical support, while MagicEden serves as an NFT partner to jointly promote the ecological development of Saros in the DeFi and NFT fields.
●◦● Saros 2.0 is centered on fully on-chain, autonomous strategies, and full-stack integration, creating a native liquidity engine for the Solana ecosystem, meeting the rapid deployment needs of Meme coins, long-tail assets, and high-frequency trading scenarios. Its innovative DLMM mechanism and ongoing token buyback program have already become a notable DeFi star project in the Solana ecosystem; those who haven't paid attention can take a moment to learn more.
Official Website: saros.xyz
White Paper: docs.saros.xyz
