Larix Monthly Report — July
Introduction
It has been another great month over here at Larix and we have been working hard to support the lending community on Solana. From the beginning, our goal has been simple — to be a full-fledged platform for lending on the Solana that everyone can use and enjoy. Project Larix is a one-stop shop for lending and accessing the broader Solana ecosystem.
We want to share what we have accomplished in July behind the scenes; from operations, product updates, partnerships, and what we can expect in the months to come.
Product Updates
Project Larix has been working with WormwholeCrypto for their interoperability protocol, which powers seamless transfers of value across multiple chains. This transfer can be done in a single click, making it extremely easy to use. This also makes it much easier to take advantage of lending on our platform. Cross-chain bridges through the Wormhole protocol are available directly on the Project Larix homepage.
Additionally, Jupiter Exchange is now supported on Project Larix dashboard. This will aid in providing liquidity from multiple sources that can now be used directly on the site. Jupiter gathers Solana-based liquidity to a single end point, allowing crucial swap aggregation, pricing data, and payment features for users and developers alike.
With these two integrations, there are 4 built-in features directly on the dashboard, including Marinade and Lido. It has never been easier to take advantage of tactical lending solutions on Solana.
Operation Updates
Alongside the product updates, we also hosted a voting competition for Marinade Finance. This voting was used to facilitate gauges for liquidity mining. Users could vote with their NFTs as well, increasing the dynamic of the contest.
Users that still wish to vote can do so on the Voting Registration Portal. Once you’re there, follow these instructions:
1. Visit the Governance page at the link below:
2. Connect Wallet
3. Vote with your NFT for the Larix pool
4. Assign a MNDE weight to the protocol
Thank you to all who have participated.
Partnerships
Larix is excited to start an integration partnership with HyperPay, a multi-chain and Bitcoin wallet designed for improved security. The LARIX token is now available to be used on the HyperPay wallet, which can store assets and trade tokens across platforms. We are glad to be part of this integration and look forward to continued support of the LARIX token in the years to come.
We also partnered with Sypool to offer some unique prizes and NFTs, which everyone can participate in. This campaign lasts for two weeks starting on July 22nd and encompassing 6 projects, which is powered by Project Galaxy HQ.
The rewards and details are as follows:
- 🎁Prize Pool of 300,000 $SYP & 5000 $TAP & 77,000 $LARIX & 7 Unique Utilities for NFT holder
- 👉gleam: http://gleam.io/competitions/IwnA3
- 📎detail: http://medium.com/p/5cd4330ce08e
There is still time to participate if you haven’t already!
Furthermore, we have some AMAs that will take off in the near future, stay tuned and look forward to hearing from the Larix team for open discussion. We had one such AMA on July 22nd hosted by Project Galaxy with seven projects on board including Project Larix.
Project Larix is also preparing to launch a DAO, which is slated to launch in August. This will help aid the emergence and transition of governance by the community instead of project team, encouraging the growth of true decentralization.
Heading Into Q3
Looking forward to the rest of the year, we have a lot of progress ahead of us, including the transition to a DAO next month. We look forward to another great month.
Bringing integrated protocols like Wormhole and Jupiter on the Larix dashboard, we are seeking to offer the best in-class lending offering for the Solana ecosystem stretching the idea of DeFi across a multi-chain future.
We are excited to build with you in the months to come.
