Larix — The first Metaverse based Finance Protocol on Solana

The borrowing and lending protocol on the Solana blockchain

CryptoBorg

Published in

CryptobrosResearch

3 min readJan 21, 2022

What is Larix?

Larix is the first Metaverse based Finance Protocol on Solana, adopted a dynamic interest rate model and created more capital-efficient risk management pools, as such a broad selection of collateral types, crypto tokens, stablecoins, synthetic assets, NFTs, and other kind of assets can be fully utilized in a safe way.

Larix adopted a dynamic interest rate model and created more capital-efficient risk management pools, as such a broad selection of collateral types can be fully utilized in a safe way. Furthermore, the rewarding system based on a delicately designed token economy enables continuous incentive allocation to boost real demands.

Why Larix?

The first lending protocol with live mining functionality
The first lending protocol will support NFTs peer to peer lending
The first lending protocol partially Open-Sourced on Solana

TOKENOMICS

$LARIX has a maximum supply of 10,000,000,000 (10 billion) tokens, which are allocated to mining and platform users, foundation and treasure function, team, and investors.

Daily release is an average number, actual release is dynamically changed.

The [Mining & Pool Reserve] is split into 3 portions to cover the 3 project phases over 5 years horizon. By design, 20% of the tokens are used for mining to enhance the APY of borrowing and lending. 10% and 25% of tokens incentivize the initiatives under Phase 2 and Phase 3 business planning respectively. The exact token allocation among the three phases may vary depending on market condition and product roll-out.