⛲03. Ecological Foundation

Solaris Token(SOK)

SOK is the fundamental token and core value of the Solaris ecosystem, issued natively on BSC, with the contract address:

What happens within the Solaris Ecosystem using SOK

Users can add assets to Solaris DEX using SOK and mainstream coins such as BNB, earn transaction fee dividends. Synthetic assets on Solaris Network simulate the price movements of these real-world assets without the need to hold the underlying asset. By collateralizing cryptocurrencies and related derivatives, users can mint synthetic assets representing a wide range of Real World Assets (RWA), enabling them to diversify their investment portfolios. These synthetic assets can then be traded on the platform, providing users with opportunities to participate in the performance of real-world assets in a decentralized manner. The integration of Real World Assets (RWA) in decentralized finance (DeFi) brings a new dimension to the space by bridging the gap between traditional finance and blockchain-based assets

As the core value of the Solaris ecosystem, SOK can be used as collateral to mint synthetic assets.

SOK is also at the core of Solaris governance. Holding SOK allows users to participate in decentralized governance through Solaris DAO and vote on various proposals.

Oracle

As a part of the Web3.0 financial infrastructure, the oracle becomes an essential component of the Solaris Network. On the Solaris platform, users can stake various assets and mint corresponding synthetic assets for various on-chain and off-chain financial products. In this process, the oracle plays a crucial role in obtaining the price of the staked assets and the underlying assets of synthetic assets.