Introduction

Solanium is a decentralized platform built on the Solana blockchain. It aims to bring decentralized fundraising, time-weighted token staking, and governance voting to the Solana ecosystem. 

We place strong emphasis on UI and UX, since we believe many good interface experiences are currently either missing or not treated as a priority across the ecosystem. We think improving this is key to helping onboard new(bie) users into Solana. 

The platform is designed as an all-in-one solution for Solana, combining an integrated wallet, DEX access, and transaction management. Major Solana wallets are supported, and the platform extends any connected wallet with inline wallet controls. Users can stay within the platform to view token balances, send or receive tokens, and manage token accounts. Advanced users can still operate through their wallet provider, and any updates will be reflected directly in the platform.

Trade

In its first phase, Solanium will roll out a custom GUI for the Serum DEX. When pools are finalized, they can create a Serum market right away and begin trading on the permission-less DEX.

While there are already many hosted front-ends for trading on Serum, they typically rely on, or are forked from, the Serum repository. Solanium will instead deliver a custom Serum GUI developed from scratch, including capabilities like a custom grid, a transaction manager, detailed data retrieval via the Serum API and partners, plus a fully responsive and dynamic interface.

Staking

SLIM tokens can be locked for a user-selected lock period, with a maximum locktime of 1 year. When SLIM tokens are locked inside the staking contract, users receive an xSLIM balance. xSLIM tokens cannot be transferred.

The size of the xSLIM balance depends on how many SLIM tokens are locked and how much time remains until the unlock. The xSLIM balance decreases linearly as the lock time runs down. Locked SLIM tokens cannot be withdrawn until the timelock ends, but users can extend the timelock or add more SLIM to their stake.

xSLIM token holders are eligible for fee distribution, voting rights, and exclusive or early access to pools.

Pools

A central part of the platform is Solanium Pools. On Solanium Pools, anyone with a Solana wallet can create a pool to distribute an SPL token. An easy-to-use UI will allow users to set up a pool in just a few clicks, with an option to create the SPL token as well if the user has not deployed one yet.

The team will continue managing the front-end, including the ability to filter and feature certain pools, but the protocol is open: anyone can deploy a pool on the Solana blockchain and build their own interface to interact with it.

Each pool allocates a fixed share of fees to xSLIM token holders and to the Governance Treasury. Public pools will be opened first to xSLIM holders, with allocations based on their holdings, before expanding to the wider public. Pool creators are encouraged to prioritize xSLIM holders.

Governance

The initial Governance phase is designed as a blend of centralized tooling and blockchain voting. A centralized application will let users connect their wallet and cast votes, and those votes will be stored in the app’s database. This approach is similar to Snapshot used by Ethereum projects.

Over time, Solanium will transition toward a fully decentralized application with on-chain voting. The decision to launch a semi-decentralized version first is to build community participation as early as possible. The platform will be open to other Solana projects that can create their own environments within it. Governance will manage the Solanium Treasury, and a user’s vote weight depends on the amount of xSLIM tokens they hold at the time they cast a vote.