Saros draws attention to the breadth of options offered to cryptocurrency users. The platform offers financial services on the Solana blockchain, such as cryptocurrency lending, farming, and investment suggestions.
Launched as a DeFi application, it has several functions, such as a non-custodial digital wallet, DEX aggregator and digital identification system on the blockchain. It also has an integrated AMM (market maker). Find out more about the network.
Saros V1
The first version of the platform already came with several useful applications in Solana. One of them is SaroSwap, which uses market makers to help users buy and sell Solana-based cryptocurrencies directly without intermediaries.
Farming brings the opportunity for the crypto user to be a liquidity provider. The environment allows you to stake tokens and receive rewards for doing so. By staking the platform, it is also possible to earn passive income. It is built on the Solana architecture.
The DEX features the SnapShot application, which tracks user trading positions in the cryptocurrency market. She analyzes digital asset transactions and recommends the best ones to purchase at that moment, serving as a consultant in the crypto world.
Saros V2
The Saros network was updated in 2024. In V2, it brought a series of new features. One of them is the introduction of the Super App, which will integrate previous products with new services. It interacts with the entire Solana system, allowing you to make payments with digital assets and stablecoins.
The Super App works as a non-custodial digital wallet for those who need to store cryptocurrencies. In the future, it will integrate SolanaPay, with fast and secure payments.
A new feature is SarosID, which works as an identity document in the system. With it, users can interact with each other, safely and privately, without running the risk of having their data accessed by third parties and used inappropriately.
ID with DePIN
The platform ID has a DePIN (decentralized physical infrastructure networks) functionality. The decentralized physical infrastructure network protocol organizes and delegates control of the system infrastructure to the community.
The decentralized system has several advantages, such as data scalability, as many members are involved in the process and, as a result, there is a reduction in costs. Furthermore, the protocols are public and auditable, bringing more transparency to the Saros network.
Decentralized aggregator
The platform's DEX works as an aggregator of decentralized exchanges on the Solana blockchain and coins compatible with the chain's protocol. The user can choose digital assets that offer the best trading opportunities.
SAROS Token
The SAROS token was launched alongside V2 of the platform. It will be the native token for this ecosystem. The user is rewarded with this asset in farming, staking and community involvement. Holders will have access to exclusive features.
In Web3, native tokens are intended for different user groups. Among the platform's 10 billion tokens, 20% are for environment growth, 10% for development, 5% for airdrop, 10% for liquidity provision, 15% for private investors, and 20% for contributors.
Learn more about cryptocurrencies
The Saros network is very broad and helps users of the Solana blockchain. To keep up with the latest news from the crypto world, keep reading the NovaDAX blog. Stay up to date with new digital assets, DEX, blockchains and investment tips!
