Read on Twitter
1/10
A hot new gem came up on my radar: @StepFinance_
Very bullish on it, so get ready for a long thread
Website: https://step.finance/
Docs: https://docs.step.finance
Twitter: https://twitter.com/StepFinance_
Discord: https://discord.gg/k5gMJUAEJe
Telegram: https://t.me/stepfinance
A hot new gem came up on my radar: @StepFinance_
Very bullish on it, so get ready for a long thread
Website: https://step.finance/
Docs: https://docs.step.finance
Twitter: https://twitter.com/StepFinance_
Discord: https://discord.gg/k5gMJUAEJe
Telegram: https://t.me/stepfinance
2/10
As we know, #Solana has been shaping up as one of the premier DeFi contenders to Ethereum. As a platform it boasts unprecedented speed and scalability, and the ecosystem is mostly there: Serum DEX, liquidity farming on Raydium AMM, edgy community-based projects like COPE..
As we know, #Solana has been shaping up as one of the premier DeFi contenders to Ethereum. As a platform it boasts unprecedented speed and scalability, and the ecosystem is mostly there: Serum DEX, liquidity farming on Raydium AMM, edgy community-based projects like COPE..
3/10
..but DeFi power users dabbling in Solana still can't easily track their multitude of tokens in one place and understand what's happening with IL on their yield farming positions. Basically they need a clear overview of their DeFi portfolio, like Zapper does for Ethereum.
..but DeFi power users dabbling in Solana still can't easily track their multitude of tokens in one place and understand what's happening with IL on their yield farming positions. Basically they need a clear overview of their DeFi portfolio, like Zapper does for Ethereum.
4/10
Enter Step Finance: a dashboard providing key performance metrics and granular view of your DeFi portfolio on Solana - but there's more: it also lets you execute trades as well as most common yield farming actions, all within one custom-designed UX https://twitter.com/StepFinance_/status/1384847615439917056
Enter Step Finance: a dashboard providing key performance metrics and granular view of your DeFi portfolio on Solana - but there's more: it also lets you execute trades as well as most common yield farming actions, all within one custom-designed UX https://twitter.com/StepFinance_/status/1384847615439917056
5/11
Funny how when you're building cutting-edge stuff for platforms of the future, along the way you start noticing more aspects to your product than you actually envisaged in the first place - turns out @StepFinance_ is also an aggregator for @Solana
https://twitter.com/StepFinance_/status/1383866576244334598
Funny how when you're building cutting-edge stuff for platforms of the future, along the way you start noticing more aspects to your product than you actually envisaged in the first place - turns out @StepFinance_ is also an aggregator for @Solana
https://twitter.com/StepFinance_/status/1383866576244334598
6/11
Core functionality
view your tokens on individual/multiple addresses, track value in different base currencies
visualize performance, fee revenue, IL, yield and APYs for your LP tokens
discover @Solana yield farming plays with 1-click entry, exit & reward claim
Core functionality
view your tokens on individual/multiple addresses, track value in different base currencies visualize performance, fee revenue, IL, yield and APYs for your LP tokens discover @Solana yield farming plays with 1-click entry, exit & reward claim
7/11
Core functionality (continued)
view key info related to your Serum DEX positions
enter automated investment strategies like DCA, EMAs and RSIs, or make your own
get the best possible deals via integrated swap aggregation
Core functionality (continued)
view key info related to your Serum DEX positions enter automated investment strategies like DCA, EMAs and RSIs, or make your own get the best possible deals via integrated swap aggregation
8/11
A lot of thought was put into tokenomics, designed to ensure the project's longevity and build a loyal community of token holders, with long periods of vesting for the team and private investors and a whole 55% allotted to LPs and platform users. http://docs.step.finance/step-tokenomics
A lot of thought was put into tokenomics, designed to ensure the project's longevity and build a loyal community of token holders, with long periods of vesting for the team and private investors and a whole 55% allotted to LPs and platform users. http://docs.step.finance/step-tokenomics
9/11
Unsurprisingly, the value behind $STEP quickly got recognized by the leading institutions focusing on the $SOL ecosystem, with @AlamedaResearch, @3commas_io, @RaydiumProtocol, One Block Capital and @SolidityVenture's deciding to back @StepFinance_ with an investment of $2m
Unsurprisingly, the value behind $STEP quickly got recognized by the leading institutions focusing on the $SOL ecosystem, with @AlamedaResearch, @3commas_io, @RaydiumProtocol, One Block Capital and @SolidityVenture's deciding to back @StepFinance_ with an investment of $2m
10/11
Launch via direct listing
Sat April 24, 16:00 UTC
STEP-USDC standard Serum pool on http://test.step.finance
Sun April 25, 12:00 UTC
STEP-USDC incentivized pool on http://raydium.io
Initial liquidity: 200,000 USDC + 4,000,000 STEP
Implied price: 0.05 USDC / 50m FDV
Launch via direct listing
Sat April 24, 16:00 UTC
STEP-USDC standard Serum pool on http://test.step.finance
Sun April 25, 12:00 UTC
STEP-USDC incentivized pool on http://raydium.io
Initial liquidity: 200,000 USDC + 4,000,000 STEP
Implied price: 0.05 USDC / 50m FDV
11/11
Last but not least, @StepFinance_ already passed 8.5k followers on twitter and 3k telegram members - not bad for a project that came out of a hackathon.
With all the hype, activity and new projects flocking to @Solana, crucial tools for it like Step are bound to do well!
Last but not least, @StepFinance_ already passed 8.5k followers on twitter and 3k telegram members - not bad for a project that came out of a hackathon.
With all the hype, activity and new projects flocking to @Solana, crucial tools for it like Step are bound to do well!
