Solax Ico Review: Smart Liqidity Protocol

About Solax Ico

Solax Ico Power commenced operations in 2010, headquartered in Hangzhou, China. Solax quickly expanded globally, entering the Australian market in 2014 when they opened an office in Victoria. Solax has 6 global offices and over 500 employees, distributing to 66 countries via 200 distribution channels. This has resulted in over 600 thousand Solax inverters being installed worldwide.

Solax is actively pursuing research and development through its affiliation with Zhejiang University. The university is one of China’s leading research facilities and the only national silicon material laboratory.

Token Basic Information

Solax Inverter Efficiency

An important aspect of getting the most value out of a solar inverter is to choose an appropriately sized inverter to optimise the solar panel system efficiency. To read about the importance of inverter sizing and system efficiency click here.

Residential inverter efficiency standards are generally 95 to 98 percent, Solax Inverters either fall into or exceed this standard. The Solax residential inverter range has efficiencies from 97.1% to 98.5%.

Solax Inverter Warranty

In Australia, all CEC approved Solax inverters come with a 5 year warranty for parts and labour from the date of installation. An additional 15 year extension to the warranty can be purchased.

The standard 5 year warranty is rapidly becoming one of the shortest inverter warranties offered in Australia with many of the growing Chinese companies starting to offer a standard 10-year warranty. As we’ve discussed previously, a warranty is only worth something if the company providing it is still around and there is an accessible route to claiming it if your Solar Installer is no longer around.

Solax Inverter Costs

Solax Inverters are manufactured in China, this means that they will generally be cheaper than European manufactured competitors.

Indicative pricing

Keep in mind that inverter costs generally only run between 10-20% of your total system, so often it is worth investing in a high-quality inverter given this will have a large impact on the efficiency and performance of your Solar Power project.

Protocol Features

DEEP LIQUIDITY SWAPS

SOLA-X is changing the way AMMs are designed within the Solana ecosystem. SOLA-X has developed flexible and dynamic liquidity pools that enable multiple assets within a pool or features such as unilateral liquidity provisioning, intra-protocol yield optimization, and intelligent liquidity management.

SMART LIQUIDITY PROTOCOL

The smart liquidity routing feature manages the liquidity in a way that single pool risks are minimized and the realized APY is the highest possible. A user only has to deposit one single asset in order to provide liquidity to multiple pools.

Use Cases

FOR TRADERS:

Users can instantly swap their tokens against native tokens or other wrapped tokens with deep liquidity and low slippage.

PROJECTS

Projects can easily bootstrap liquidity thanks to our flexible liquidity pools and smart liquidity routing.

$SAX HOLDERS

$SAX token holders can stake their tokens and earn staking rewards or trade with discounts. In the future, governance will be added as a utility to $SAX.

Why SOLA-X?

Thy edid an in-debt analysis of the current state of the Solana ecosystem and figured out that in terms of the existing DeFi and DEX solutions there is much room for improvement. As we looked at the biggest DeFi ecosystem – the EVM ecosystem, we recognized that there are some protocols, like for example Balancer (https://app.balancer.fi) which aim to solve some of our above-mentioned DeFi/DEX challenges. Inspired by these protocols, we started our mission in order to solve the identified problems within the Solana ecosystem, which leads us to be one of the first movers within the Solana ecosystem that improve the liquidity management processes and AMM architecture within a DEX.