Solrise Finance (SLRS)

What Is Solrise Finance?

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 Robinhood’s 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.

Solrise Finance Unique Features

• 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

Roadmap

Token Economy

The native digital cryptographically-secured token of Solrise Finance (SLRS) is a transferable representation of attributed governance and utility functions specified in the protocol/code of Solrise Finance, and which is designed to be used solely as an interoperable utility token on the platform.

SLRS is a non-refundable functional utility token which will be used as the medium of exchange between participants on Solrise Finance in a decentralized manner. The goal of introducing SLRS is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on Solrise Finance, and it is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. SLRS does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will SLRS entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. SLRS may only be utilised on Solrise Finance, and ownership of SLRS carries no rights, express or implied, other than the right to use SLRS as a means to enable usage of and interaction within Solrise Finance.

The primary utility of SLRS is to function as the base platform currency to enable the continued operation of the Solrise Finance Protocol. SLRS is spent by users to pay for Entry/Exit Fees to Solrise Funds, or locked by Fund Managers to reduce the share of management fees taken by the Solrise Protocol.

Prescribing a fee payable in SLRS on top of the existing Solrise Fund fee structure ensures that the protocol can run smoothly, and that it can be maintained and upgraded over time.

In order to promote decentralized community governance for the network, SLRS would in the future allow holders to propose and vote on on-chain governance proposals to determine future features of Solrise Finance (the right to vote is restricted solely to voting on features of Solrise Finance; it does not entitle SLRS holders to vote on the operation and management of the Company, its affiliates, or their assets or the disposition of such assets to token holders, and does not constitute any equity interest in any of these entities, and the arrangement is not intended to be any form of joint venture or partnership).

SLRS also provides the economic incentives which will be distributed to encourage users to contribute to and maintain the ecosystem on Solrise Finance, thereby creating a win-win system where every participant is fairly compensated for its efforts. SLRS is an integral and indispensable part of Solrise Finance, because without SLRS, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on Solrise Finance. Given that additional SLRS will be awarded to a user based only on its actual usage, activity and contribution on Solrise Finance, users of Solrise Finance and/or holders of SLRS which did not actively participate will not receive any SLRS incentives.

Once governance is established, it is the community members who would maintain and drive development of Solrise Finance, so SLRS token incentives would need to be distributed to compensate them for their time, expertise and effort. Only users who have participated in submission of proposals, commenting, reviewing and/or voting will be entitled to receive SLRS token governance rewards.

Solrise Protocol Fee

Solrise Protocol will take a small cut from fees charged by Fund Managers during the normal operation of Solrise Funds as the Protocol Fees. These fees include:

• Performance Fees – can be claimed by Fund Managers when Solrise Funds make a profit against the benchmark during a fee crystallization period.
• Management Fees – can be claimed by Fund Managers for an accounting period as a small percentage of all assets under management.
• Entry Fees – can be claimed by the fund manager as a small part of every deposit to the fund, with a small base Entry Fee charged by the Solrise Protocol directly in SLRS.
• Exit Fees – can be claimed by the fund manager as a small part of every withdrawal from the fund, with a small base Exit Fee charged by the Solrise Protocol directly in SLRS

Our aim is for the protocol to grow together with well performing funds by taking a percentage of manager fees generated. All protocol fees will be held in the Long Term Reserve (LTR) Pool, to be allocated towards protocol maintenance and improvements.

SLRS Long Term Reserve Pool

All fees charged by Solrise are held in the Long Term Reserve (LTR) Pool (held in SLRS).

The aim of the LTR Pool is to hold SLRS for the platform maintenance and development, pending establishment of decentralized governance for the protocol. Upon reaching viable governance, the users of Solrise Protocol may allocate tokens towards initiatives to benefit the growth and development of the protocol and to incentivize active contributors.

Notwithstanding the SLRS distribution, users have no economic or legal right over or beneficial interest in the LTR Pool, assets of the Company, the Distributor, or any of their affiliates after the token distribution.

Future Utility

We plan to expand the use and utility of SLRS over time via protocol upgrades. Our aim is to positively incentivize the usage of the token and to match its health and growth to the health and growth of the platform itself.

Potential further changes to updates SLRS utility may include:

• Token lockups as a security deposit to ensure service standards and minimum acceptable behavior.
• Pooling SLRS in funds to enable borrowing and minting synthetics.
• Integration of SLRS in further Solrise products as they are released.

SLRS and Entry/Exit Fees

The Solrise Protocol’s share of fund Entry/Exit fees needs to be paid in SLRS, so users who do not have SLRS will need to acquire SLRS to enter/exit funds in the platform.

SLRS and Managers Fees

Fund managers can lock SLRS (personally) to their funds to reduce the share of their fund fees taken by the Solrise Protocol.

Detailed Token Metrics

Updating

Token Distribution

The maximum token supply of SLRS is capped at 1,000,000,000.00 tokens.

Out of the token distribution, the individual allocations are described in the below table:

Solrise is raising a total of $3.4M for 11.97% of total tokens, distributed as follows:

Token Release Schedule

Updating

Partners & Advisors

Team Members

Investors

Some of the biggest venture capital names in blockchain supported the Solrise funding round, including Alameda Ventures, Delphi Digital and CMS Ventures. Jump Capital, ParaFi Capital, DeFi Alliance, Reciprocal Ventures and SkyVision Capital.