Larix Monthly Report — June

Introduction

There are a few positive things that can be mentioned in the crypto market as a whole, where potentially systemic issues of insolvency for many projects are on the doorstep. Larix however is not one of them; quite the contrary — Larix is fully functional with the intent to build in a time where building makes the difference. From top to bottom, we are committed to growth and strength, no matter what the market looks like.

Our “proof of growth” so to speak is evident in our progress for the month of June. We have made several key updates and events, all pointing to our vision to give the Larix community the best lending platform on Solana. From listings to operation updates, let’s recap what Larix has been up to in June.

Larix Listings and Events

One of the biggest updates for this month was the listing of our LARIX token on Orca Whirlpool. Orca is an extremely fast and easy-to-use DEX platform where anyone can trade crypto and token pairs in a decentralized way. The platform listed LARIX/USDC on their site with double mining rewards with an intro APR of 900%. The double mining rewards will be listed as LARIX/ORCA.

Speaking of mining rewards, we also made an update to obtain double mining rewards for LARIX directly on our site. In order to qualify, users simply need to deposit and/or borrow LARIX on the dashboard where they can earn double the rewards for doing so, in LARIX tokens. This is a great opportunity for users to obtain even more rewards than before. The double reward event was published in Yahoo Finance earlier this month.

Operational Updates

Zooming in on local activities with Larix and our community, we have made some updates regarding day-to-day operations. Larix community members discovered connectivity issues with Gate.io where LARIX was unable to be traded for a short period of time. Once this was discovered, the Larix team got in contact with Gate.io to help confront this issue. We are pleased to say that trading has now resumed back to normal.

Additionally, Project Larix has made some updates to the launchpad that is available on the website portal for tracking assets. We are happy to mention this month that Stepn was approved and launched for activity on the Larix dashboard. Users can interact with Stepn and any activity related to the token, directly on the interface.

Community Updates

All of our operational improvements are done for the Larix community and we wouldn’t be here without them. Many updates this month were done directly with community interest, such as an AMA with Lido Finance. Larix hosted this AMA with Lido and their team, specifically their dedicated Solana department. The team shared extremely valuable and important information regarding the following:

  • Extending Current Validator Sets
  • Building High-Performance Validator Sets
  • Onboarding new validators into the ecosystem
  • Monitoring performance of validators
  • The value proposition around the need for governance and the increasing demand for liquid staking

It was a very healthy AMA and we look forward to any future AMAs in the coming months.

Giveaways are also on the top of our list as we update the news of a future giveaway when LARIX hits the number one spot for lending. Pending the lending requirement, Larix will be giving away an international trip for 4 people, including airfare, lodging, and food for up to one week.

In addition to all of these community updates, we were also excited to partner with Crema Finance and their anticipated IDO launch coming soon. In partnership with the launch, Larix is co-hosting a free mint event for the upcoming Chill Chill Turtles NFT and whitelist. There are 100 whitelist spots available and the event runs until the end of June.

Conclusion

Larix is committed to making the protocol stronger every day and making it the number one lending platform on Solana. By bringing continuous updates, improving our operational flow, and engaging with the community through events like AMAs and partnerships, we are bringing development to the table and allowing Larix to grow in the Solana ecosystem. We want to thank everyone for another great month and we look forward to July and the updates that it will bring.

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