Problem:
Solana has lots of high-quality dApps, but insufficient users in Solana for each to have a fair chance at gaining traction. However, other chains have tons of legacy DeFi protocols with tons of TVL, yet users of these platforms are not incentivized to move their funds or try out Solana.
Introducing Vortex, the solution:
Vortex aims to attract new users to the ecosystem and reward them for using various protocols over a 1-month period.
Users can:
These actions will be rewarded with an ecosystem incentives program led by top DeFi protocols and supported by Solana Foundation and Wormhole.
Key Points:
The xChain integration reduces friction, while incentives provide the push to migrate liquidity. Additional SOL incentives align users’ wallets with the overall growth of the network.
Incentives Structure
Users bridging in from other chains will enjoy 3 incentives for doing so:
SOL incentives
Reward SOL in proportion to on-chain activity or user demographics and a bonus on top of governance tokens of various protocols.