Solana’s core proposition is being the unique place to trade everything.
Many teams are racing to bring RWAs to Solana. But stocks and treasuries are only a fraction of what crypto can trade.
Crypto is the best place to trade \everything\, pokemon cards, uranium ore, the crazier the better. It’s time to make cool things tradable on Solana, again.
Meteora x Sunrise
Over at @MeteoraAG, I have invested significant amounts of time into creating the structures, frameworks, and liquidity for new assets. We, however, lack one crucial piece to take things to the next level. Distribution.
We needed to work with a team, who could point to an asset and make it liquid and available through every trading platform, interface, or more. Enter: Sunrise.
Sunrise has done an amazing job bringing assets onto Solana from other chains, and building the distribution channels needed for Assets to take off.
Together, Meteora & Sunrise will expand the categories of assets available on Solana. Let’s call them: Dynamic Assets
Roadmap of Dynamic Assets
We’re going to be listing a whole bunch of assets on Solana, with a roadmap that leverages Solana and Sunrise alongside our strengths.
Dynamic Asset Roadmap:
- Assets w/ no Custody Risk, not available for trading anywhere
- Assets that have some chain of custody risk, but are not available for trading in TradFi
- Assets that have some chain of custody risk, but are available for trading some days a week or in isolated markets
- Assets that have some chain of custody risk, and are available trading 7 days a week.
This roadmap leverages Solana’s core strengths, and minimises risks like custody risk. Assets that fit bucket (1) or (2) are way more interesting on Solana, as no alternatives for trading them exists.
And we have assembled the perfect team to make this a reality:
- @MeteoraAG will design liquidity mechanisms to rapidly create and bootstrap new assets.
- @BedrockFndn will act as a custody of assets of value, on behalf of the token community, functioning as the Bank of Internet Capital Markets
- @sunrisedefi will act as the primary distribution partner, ensuring that these tokens are tradable across every venue.
Introducing: $SV151
This article wouldn’t be complete without the first Dynamic Asset announcement.
Meet $SV151: our first Dynamic Asset, offering you fractional ownership of the iconic Scarlet & Violet 151 expansion pack from the Pokemon Trading Card Game series.
$SV151 will go on sale on a flat price bonding curve, at $200K market cap, to raise $160K, which will be used to purchase as many $SV151 card packs as possible. If $160K is not hit, traders will be able to sell back for their money back.
Tokenomics:
- 80% of supply, sold at $200K market cap, to raise $160K USDC to buy SV151.
- 10% in post-migration liquidity, paired against $20K in liquidity == market cap will be $200K
- 10% linear vest 1 year, on Jupiter Lock, used to increase capital backing the token and buy more packs, or provide in exchange for Collectors depositing packs with us.
All $160K will be used to purchase SV151 packs, and Meteora will bootstrap $20K for post-graduation liquidity.
Bedrock will receive 60% of Trading Fees discretionary to reinvest into additional card packs, compound additional liquidity, or buyback tokens. Meteora & Sunrise will share 40% to drive volumes & growth.
$SV151 will have the following roadmap:
- Allow collectors to deposit their SV151 packs with us and receive tokens in exchange
- Redeem directly against the reserve by trading your tokens in
- Partner with shops around the world to take SV151 as payment
Our long-term objective is to corner the entire supply of SV151, by accumulating packs from trading fees, depositors, and more.
$SV151 is currently not tradable, and will go live in 24H~. As it is a flat bonding curve to collect $160K~, there is no need to rush or worry about snipers at launch.
We can’t wait to show you what’s coming next. Follow @MeteoraAG and @sunrisedefi, and keep your eyes peeled tomorrow.
With Meteora and Sunrise, it's going to be a brand new day in Solana.
