Solidly

Solidly is a decentralized exchange (DEX) that began as Andre Cronje’s ve(3,3) experiment on Fantom in early 2022 and was later reworked by the current Solidly team. V2 launched on Ethereum in early 2023, and V3 (a concentrated-liquidity AMM) arrived in October 2023. The protocol focuses on capital efficiency, pairing a CLAMM design with a vote-escrow (“ve”) incentive layer. The team promotes gas savings versus Uniswap and adds protections against JIT/MEV behaviors and extreme impermanent loss, positioning Solidly as an “omnichain” DEX for EVM ecosystems.

Key Features

• CLAMM (V3): Concentrated-liquidity AMM with gas-efficient swaps and mechanisms to curb JIT liquidity; dynamic fees aim to mitigate IL in volatility.
• Pool Types: “Volatile” (uncorrelated) and “Stable” (correlated) pools to improve pricing and slippage across asset types.
• ve(3,3) Incentives: Lock SOLID → receive veSOLID; vote on pools to direct emissions and earn fees/bribes. Locks are represented as NFTs.
• Liquidity Incentives: Rewards distributor and emissions design intended to deepen durable, protocol-aligned TVL.
• Audited & Omnichain: Public audits and multi-chain/EVM support highlighted across materials.

Key Takeaways

• Mind the lineage: The current Solidly iterations (V2/V3) evolved from the original Fantom launch—verify chain, contracts, and deployments before interacting.
• Governance-centric design: The ve model primarily rewards lockers/voters and liquidity providers aligned with protocol incentives.
• Practical tip: Before large swaps, check pool depth and recent volumes; if farming, understand lock durations and vote/bribe flows.

Final Thoughts

Solidly targets capital-efficient liquidity with a CLAMM + ve(3,3) combo and added safeguards against MEV/JIT and IL spikes. It’s compelling if you plan to participate in governance or provide concentrated liquidity; for simple swapping, compare routes and slippage across venues and choose the best path for your pair size.