what's Solomon Labs?
Solomon Labs is developing the dollar infrastructure layer for the Solana blockchain. They design and operate USDv, a fully backed, Solana-native stablecoin that automatically streams yield to holders onchain, leveraging Solana's high throughput for efficient dollar-denominated DeFi primitives. The project also features the $SOLO governance and utility token, used within their ecosystem for participation in yield mechanisms and protocol decisions. Backed by institutional funding rounds, Solomon Labs focuses on scalable, yield-bearing stablecoin solutions tailored for Solana's ecosystem.
Solomon Labs partnered with Avici for YaaS; audits expected by 2026-01-20.
Partnered with Avici for YaaS (Yield-as-a-Service) offering.
CEFFU security audits completed, with $8m raised from the $102m committed in fundraising and $6.3m currently in treasury.
$102M committed from MetaDAO ICO raise. TVL gains 40% with 500 new users added, and project reaches all-time high during BTC market weakness.
Beta users achieve 20%+ returns, with priority access for $SOLO holders announced soon. Treasury deployment proposals expected.