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What is Solrise?
Solrise is a decentralized and non-custodial protocol for investment funds on Solana. It allows anyone to open a fund and invest in it. Users can create portfolios, become asset managers, and combine multiple assets, including Solana and Serum.
The protocol enables the management of investor or personal investments on Solana, with full custody of their assets. Funds can be created or invested in without permission and can be withdrawn at any time.
Managers can:
- Trade perpetual futures contracts on-chain using Mango Markets.
- Swap on-chain using Jupiter's DEX Aggregator.
- Earn performance fees from investors.
- Compete for prizes and rewards in DAWN of the Apes.
Investors can:
- Invest or withdraw from any Solrise fund at any time.
- Have experienced traders manage their capital and risk.
- Make investment decisions based on detailed historical metrics.
About $SLRS
- $SLRS is the utility token of the Solrise ecosystem.
- It's an SPL token on Solana with the contract address: SLRSSpSLUTP7okbCUBYStWCo1vUgyt775faPqz8HUMr
The utility benefits of staking SLRS differ depending on your role:
- Managers receive a higher share of performance fees.
- Investors pay lower exit fees.
- Solflare Users pay lower in-app swap fees.
- SLRS Stakers have exposure to 8-40% APYs based on the stake duration.
Answers
What Is Solrise Finance (SLRS)?
Solrise Finance is a decentralized, trustless, and non-custodial asset management platform built on Solana. Solrise allows anyone to start or invest in a fund with as little as $20.
Solrise was established in response to personal frustrations about Robinhoods centralized decision to halt all trading of GME stock - the team realized that there was no effective way for retail investors to invest small amounts on ETH based asset management platforms due to the high transaction fees.
Who are the team behind Solrise Finance?
Most of the team have been friends for more than 10 years. They met playing Counter Strike and eventually bonded together into a dev team due to their curious nature. After years of working on the technical frontier, they ventured into the Blockchain space where theyve been focused for the past 5 years. Theyve previously built products on Ethereum, Cosmos, Polkadot, Near, Hyperledger, Kava, and Terra, and when they stumbled across Solana they decided to go all in.
The Solrise team previously built two popular products on Solana - Solflare, the go-to-wallet in the Solana ecosystem, and Solana Beach - the next-gen explorer for all SPL tokens. Solrise was founded by Vidor Gencel (CEO + Lead Architect) alongside co-founders Matt Martin (COO/CPO) and Filip Dragoslavic (Head of Business Development).
Why is Solrise Finance unique?
- Users can invest as little as $20 because of extremely low network fees - effectively enabling anyone to invest in an investment fund
- First asset management platform on Solana
- Totally non-custodial fund management means no exit scams, ever
- Huge selection of assets - SPL, ERC20 tokens, and synthetic assets
- Easy and intuitive user experience
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Popular Q&A
- I have some SLRS and I want to convert them to USD. How can I do that? Are there any specific platforms or exchanges that support SLRS to USD conversion?2021-11-26
- I'm looking for platforms that support SLRS to USD conversion. Can you recommend any reliable platforms where I can convert SLRS to USD?2021-11-26
- I have some SLRS (a type of digital currency) and I want to convert it to USD. What is the most effective and reliable method to exchange SLRS for USD? I want to ensure that I get the best exchange rate and that the process is secure and hassle-free. Can anyone provide some guidance on this?2021-11-26
- I would like to know the current exchange rate between SLRS and USD. Can you provide me with the latest rate? I am interested in converting SLRS to USD and would like to have an idea of the exchange rate before making any transactions. Thank you!2021-11-26
- When converting SLRS to USD, are there any fees that need to be paid? I'm considering converting my SLRS tokens to USD and I want to know if there are any charges or fees involved in the process. Can someone please clarify if there are any fees associated with converting SLRS to USD?2021-11-26