We have already witnessed that the DeFi protocol used extremely low costs to help people solve trust problems and facilitate financial transactions in various markets such as secondary market transactions, lending, and insurance. However, the primary market of blockchain is still stuck in the “CeFi Era”.
01. The Dilemma of current DeFi Primary Market
In the primary market, the allocation transactions between the investors and the Initial Development Team is a right to withdraw the tokens in the future. Thus, this relationship is often complex, requiring the two parties to sign a SAFT agreement as a guarantee, which causes the low liquidity of the lock-up allocation.
Solv IC Market was inspired by this oddity.
Solv IC Market is a one-stop solution for customizable, transparent, and trustworthy portion issuance and transaction.
Our mission is to use NFT to express the contractual relationship of the investment in the primary market, which will promote the circulation of lock-up allocation in the Defi world.
02. Ex solution — The OTC allocation trading market
The OTC allocation trading market is not fully transparent, people are relying on paper contract and an intermediary to ensure the legitimacy of shares and transfer of rights, which costs a lot of time and energy.
03. Solv’s solution
Solv IC Market is a brand new allocation issuing and trading platform that vastly increase the liquidity for the project’s lock-up allocations. Solv designed a novel and powerful token standard called versatile NFT (vNFT for short) to express allocations, by which Solv IC Market transforms lock-up allocations into splittable, composable ICs (Investment Certificates).
The flexible transfer of the ICs represents the free transfer of the lock-up allocations, allowing every investor to reap the benefits of their lock-up allocations while mitigating risk and gaining enhanced insight for potential yield.
04. Solv Protocol Architecture
- Investment Certificate (IC) is a specially designed vNFT.
- The IC runs as a container for the underlying assets to manage the underlying assets.
- IC Market is the exclusive trading market of ICs, which provides trading services that are more specific to IC characteristics than the ERC721 market, thus providing strong liquidity to ICs.
- An IC is compatible with ERC721 and can be traded in markets that support ERC721 (such as OpenSea).
05. What can we do with ICs?
case 1: Hold and Claim
Hold IC and claim its underlying lock-up token when it’s released based on the supervision and execution of the IC Token contract.
case 2: Trade freely
Sell ICs at Solv IC market or any NFT marketplaces like OpenSea.
case 3: Deposit and borrow assets
Deposit ICs as collaterals and borrow needed assets on lending protocols. Users can deposit ICs on NFT lending platforms like NFTfi and Drops for lending assets.
case 4: ETF for IC
Use ICs as the underlying assets for index funds. Products like NFTX and Unicly transform vNFTs into shares (ERC-20), and bring a new dimension for pricing NFTs.
About Solv Protocol
Solv Protocol is the decentralized infrastructure for creating and trading Financial NFTs.Solv designed a novel and powerful token standard called versatile NFT (vNFT for short) to express Financial NFTs.
Solv IC Market is a decentralized protocol that enables the creation and transaction of investment allocations. Investment Certificate (IC) is a specially designed vNFT, by which Solv IC Market transforms lock-up allocations into splittable, composable ICs (Investment Certificates).