Why SOLOCKER?

What does SOLOCKER do?

Since Solana is not an EVM compatible chain, the process for locking liquidity is fundamentally different than for projects that are hosted on popular Automated Market Makers (AMMs) like Uniswap or Pancakeswap. Raydium features its own Concentrated Liquidity Market Maker (CLMM) pools, but these function much differently than your more commonly seen AMMs that you would use to trade ERC-20 tokens, for example. To supplement token founders and their investor base on the Solana ecosystem, SOLOCKER has built its protocol from the ground up to support the functionality of locking tokens for both retail investors and the team - a feature that has been lacking and underutilized on Solana. The advantage of being able to lock liquidity is being able to redeploy any locked tokens after the set amount of time expires; projects can avoid any permanent expenses to a project that burning tokens would otherwise have, all while still retaining the integrity and the trust of their clientele.

The ability to lock tokens also opens up token vesting for the team and early investors. Token vesting is the gradual release of an individual's tokens (be it an employee/member of the project, an advisor, or an investor), most commonly seen after a recurring period of time (known as linear vesting). You can read more about it in further detail in the Token Vesting page. Team members and investors can receive distribution while building community trust and still retain significant upside on the project. Most importantly, it helps ease sell pressure at the beginning of a token's lifespan, ensuring the project's longevity.

Token-2022 standard support

SOLOCKER has been designed in anticipation of the Token-2022 upgrade (further information on the upgrade here). A commonly feature on other ecosystems that is introduced with the new upgrade is the addition transfer fees. This mint extension allows projects to charge a transfer fee on any incoming or outgoing tokens, which is sent to a specified account determined by the token creator. While this opens up an easy way for developers to supplement the funding on project improvements, it has earning potential for investors as well. Revenue sharing can now be made possible with the Token-2022 upgrade, where investors with tokens staked into Raydium's CLMM pools can receive a portion of any transfer fees incurred by the project.

This type of ecosystem can be made by SOLOCKER's protocol, as users will be able to safely lock away their tokens and get rewarded for being an active member of the project.