SolaceOpen App

Tokenomics

Solace's tokenomics are designed to provide $SOLACE stakers higher yields and policyholders with better claims process.

Trustworthy protection

Solace owns its underwriting pool, underwrites the coverage, and pays the claims. Policyholders can be sure that our underwriting capital always will be there for them.

No underwriting risk

Solace raises underwriting capital through bonds, where users exchange their capital for vesting $SOLACE tokens at a discount. This decouples the underwriting risk from stakers, so they don’t need to worry about their capital being liquidated after an exploit.

Token value

$SOLACE facilitates two primary functions. First and foremost, it is a mean of payment for insurance. Although we do allow policyholders to use stablecoins, those ultimately get traded for $SOLACE.

Second, $SOLACE can be staked or locked to receive a share of the revenue that the protocol generates and partake in the governance of Solace. Ultimately, the value generated for investors is derived from Solace’s cashflows, success as an underwriter, and the DAO’s balance sheet.

Yield and governance

Holders are able to stake and lock $SOLACE to access rewards and governance rights , benefiting from the underwriting activity and token emissions.

Connect Wallet

How to buy $SOLACE

Purchase $SOLACE
via bonds:

1

Connect your wallet

2

Choose the token you would like to purchase a bond with, and click Bond.

3

Input the amount of tokens you would like to provide.

4

If you would like to have your bonded tokens staked, select “Auto-stake”.

Purchase $SOLACE
on the open market:

1

Ethereum:
$SOLACE on Sushiswap
in a $SOLACE/USDC pool

2

Aurora:
$SOLACE on Trisolaris
in a $SOLACE/wNEAR pool

3

Polygon:
$SOLACE on Balancer
in a $SOLACE/WETH pool

4

Fantom:
$SOLACE on Beethoven X
in a $SOLACE/WETH pool

Still have questions about buying $SOLACE?
Watch How-to Video
Learn more about buying $SOLACE

Staking

Earn yield from underwriting activity and token distribution

No underwriting risk

Earn revenue from staking and never worry about the underwriting risk. It falls onto the protocol-owned pool.

Participate in Shaping Solace

Each staked $SOLACE gives you one vote in the DAO, with a maximum 4x multiplier through token locks.

Locking bonuses

Earn more $SOLACE (up to 2.5x) and voting rights (up to 4x) through locking your stake into a safe.

Multiple revenue streams

Staked $SOLACE provides you with exposure to policy sales, underwriting pool investments, and $SOLACE emissions.

Connect Wallet

How to stake $SOLACE

It's just a few clicks to earn with solace:

1

Connect your wallet

2

Click Create New Safe

3

Choose a Deposit Amount and a Lock Time

4

Click 'Stake' and confirm the transaction

Read more about staking $SOLACE