On July 15, 2021, Solv Protocol released a new version of their vouchers, which essentially represents locked up allocations in the form of NFTs. The new upgrade allows for the minting, management and trading of locked allocation NFTs, which provides projects with a convenient, flexible and low-cost option for how they manage allocations!
Since the release of the v2.0 version, the Solv team has been in deep conversations with strategic partners, investors and users to continuously improve user experience on the platform. The new v2.1 upgrade focuses on meeting the needs of projects who seek more flexible management options for locked tokens, helping potential investors access their favorite projects more conveniently.
The updated content of this version includes an updated HUD dashboard, a new Voucher Marketplace, product UI optimization, and much more! By providing better usability, functions and navigation, Solv Protocol is committed to becoming a one-stop shop for allocation management and distribution.
Here are some of the major updates:
An Overview Dashboard
The Overview page will display the total value of locked allocations (TVL) in the platform, the platform summary data (including the number of projects that have participated in Solv Vouchers, the cumulative number of minted vouchers, the cumulative number of voucher transactions, and the cumulative transaction volume). In addition, it will comprise comprehensive data of each project that lists vouchers and their latest transactions records on the platform.
A Brand New Marketplace
In the new version, the trading market is divided into two major sections: the allocation trading market and the voucher display market. The voucher market is non-transactionary, as it shows you the vouchers that have been minted but are not yet for sale. Make sure to keep an eye out on them to snap it up when they get listed in the Allocation market!
The allocation market is where the buying and selling of allocation in the form of NFT vouchers will occur, and we have given it an update!
1. “A One-click Listing”
A one-click “List” button has been added to the marketplace. Users can list their own vouchers on the marketplace when there is liquidity demand based on the market situation and their own needs. As we continue to innovate, the whole process will become very easy and convenient.
2. Pricing Reference Points
How do you know what the value of a voucher actually is? In the new version, the system will provide three latest transaction records for reference when users list a voucher, and help the user to set a reasonable price for it.
3. Real-time Price Display Of Underlying Asset
The value of the voucher is affected by two major factors. One is the value of the underlying asset, and the other is the asset unlocking mode set within the voucher. In the new version, the voucher listed in the marketplace will display the real-time market price of the underlying assets captured by an Oracle. Users can evaluate the value of the voucher based on the price of the underlying asset and the unlocking mode of the voucher.
4. Price Filtering
Anytime you are browsing the market, you can click on a voucher and immediately see the 3 lowest prices available on the market so you can find the right entry point for you!
5. Annualized Rate Of Return (ARR)
Each voucher for sale in the market will display an estimated annual rate of return (ARR) calculated based on the current asset market price, and users can make investment decisions based on their own capital status and expected rate of return.
In conclusion, we are continuously innovating on our product development. We hope to allow more users to get access to early project investment opportunities, and at the same time provide projects with a convenient, flexible, and low-cost option to free up locked assets by minting Solv Vouchers.