Solrise Finance, built on the Solana blockchain, is a protocol for decentralized investment funds. It aims to solve the frustrations faced by retail investors in deploying capital into Ethereum-based asset management protocols due to high gas fees. Solrise offers a more efficient way to create and administer decentralized funds on the Solana blockchain.
The platform allows third-party managers to create and offer actively managed funds or passive automated investment pools. Users can compare different funds based on transparent metrics and choose the most suitable funds for their investment preferences. Solrise covers a wide range of assets, including blue-chip crypto assets, stablecoins, NFTs, undervalued crypto assets, commodities, and highly speculative assets.
Solrise operates on the Solana blockchain, which offers faster transaction speeds and lower costs compared to Ethereum. The platform allows anyone to create and launch their own fund with minimal upfront costs. Solrise also plans to add pluggable governance models to involve users in selecting assets for their preferred funds.
The Solrise development team is led by experienced co-founders, lead developers, architects, and product designers. The team aims to make Solrise the go-to platform for on-chain asset management.
Compared to traditional financial systems, Solrise aims to provide a permissionless, open, and transparent investment platform that caters to both experienced crypto enthusiasts and new investors. The platform’s native token, SLRS, is used for payment and settlement between participants and can also be used for voting on protocol proposals and governance.
According to price forecasts, Solrise Finance is expected to reach a high level of $0.998 in 2022 and could reach a maximum level of $2.359 by 2025.
SLRS cryptocurrency can be traded on exchanges such as FTX, Gate.io, MEXC, and Bitmart.
In conclusion, Solrise Finance offers a decentralized investment solution on the Solana blockchain, aiming to improve the DeFi experience for users and provide a transparent platform for capital allocation. The project strives to embody the principles of decentralized finance and make money accessible to all.