Community Report-Progress in the past 60 Days
Since June 27th, signifying Larix finished the core coding work with Mining Function, our team has made great progress on product, community, audit, FA, branding, and also partnerships within the Solana ecosystem. Thanks to all the community members and projects who rendered their support. Here is a detailed report to the Larix community of what we have done in the past 60 days.
Part 01 Introduction
1.1 Overview&Specialties
Larix is the first lending protocol on Solana that maintains basic SPL lending needs and who aims to bridge new types of tokens like synthetic assets and NFTs. Therefore, lending/borrowing is an infrastructure for determined token holders who have great confidence in the token value and also want to get APY interests in the long-term besides value growth.
Although it is our ambition to accept ALL Valuable assets as collateral. It is still too early to support ALL SPL tokens as collateral. But here is the plan: WE DO NOT ACCEPT tokens still in their infant stages of growth. Favorable SPL tokens that are supported by Symmetry(index), carry a high possibility to be accepted by Larix. The Larix-Symmetry partnership is ongoing and once the Symmetry index is launched we will have a clearer idea in terms of the possibilities and timeliness.
It going to be huge when the Mainnet is launched, given that our 150k community members and 25k testnet users have been waiting patiently in a committed manner. Larix now is:
- The first lending protocol with live mining functionality
- The first lending protocol is partially Open-Sourced on Solana
Part 02 Progress
2.1 Community Track
Figure1 considers Larix’s social media account usage since inception. The sustained rise in subscribers near the end of June, excluding that Medium can be attributed to the Testnet launch date announcements and aggressive marketing. Following the former, the “hockey stick” observation is attributed to in part by post Testnet launch transparency and mostly by the aggressive ambassador campaign marketing. It is expected that Larix will observe a similar sustained increase in the social media subscribers after Mainnet is launched going into Q3 and Q4.
2.2 Testnet Users
Figure 2 displays cumulative unique visitors on the Testnet and is clear that the data fits the industry statistical trend adopted by Defi-related projects. It is observed that the cumulative rise in new users has maintained a sustained increase, month to date, and is expected to rise considerably after Mainnet is launched owed to interactive marketing campaigns that have caused a positive feedback loop within the userbase.
The Larix Testnet has accompanied 25k users since its inception and has added considerable value. The tremendous growth in the Testnet userbase is attributable to four things.
1) Bug Bounty Test
2) Ambassador Campaign
3) Knowledge Campaign
2.3 Seed Around Investors
For now, Larix has closed Seed Round investment from Solana, Huobiglobal, Solana Eco fund, Epsilon, MEXC Global, and BitMart. They are considered high-value investors who will support the Larix community patiently throughout the whole process.
Part 03 Partnership
3.1 Pyth: https://pyth.network/
Pyth is the oracle that connects high-fidelity market data from the world’s largest professional exchanges to any smart contract. Hence, partnering with Pyth for the price oracle will add substantial value to the project’s growth.
3.2 Plutos: https://plutos.network/
Plutos is a multi-chain Defi synthetic hub built on Solana, Polkadot, and BSC. Partnering with Plutos will ensure the launch of synthetic asset lending services.
Part 04 Schedule
In Sept, Larix will launch Mainnet with the mining function deployed and beginning to implement both IDO/IEO listing and LP staking.
Larix — the lending protocol on the Solana blockchain, 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.
Follow us
🌐 Homepage: http://projectlarix.com
🐤 Twitter: https://twitter.com/ProjectLarix
👋🏻 Telegram: https://t.me/projectlarix
😻 Discord: https://discord.gg/hfnRFV9Ngt
