Vera Partners With Solv to Launch DeFi’s First Liquidity Mining and Staking NFT Rewards Program
Vera is excited to announce its official partnership with Solv Protocol to kick off the holiday season with a bang.
Later this week, Vera will be launching its official staking program with a holiday giveaway contest to celebrate the project’s inception and reward its global community of early supporters.
Throughout the past month, Solv has worked closely with Vera to implement the DeFi space’s first use of ERC-20 and BEP-20 “Vera Voucher” NFTs to represent a liquidity miner’s stake which can then be traded or liquidated on a secondary marketplace without needing to un-stake the financial position. This allows the mining rewards to be continued accruing or accumulating in the voucher’s custodian wallet, no matter how many times the NFT changes ownership. Solv will also support the release of staking rewards and additional advanced functions for “Vera Voucher” purchasers.
Instead of just launching a vanilla staking program on a third party exchange or staking platform, Vera decided to work with Solv to develop this first-of-a-kind NFT staking program for our mutual belief to promote true asset ownership and alignment with Vera’s mission to ensure everyone, everywhere can participate in a growing economy.
How Solv Vouchers Work
Solv functionality for staking vouchers includes the ability to split vouchers, merge vouchers, and even trade them to other interested buyers. Solv refers to this capability as a “splittable NFT.”
Additionally, NFTs are computable and compatible.
Computable refers to the fact that the NFT vouchers are locked-up in smart contracts on the blockchain and coded to release fungible tokens over a set time or period of time.
Compatible refers to the fact that NFTs are locked-up allocations that can be traded freely on the Solv Voucher Marketplace or even on OpenSea (only Ethereum-based NFTs).
Trust is an important factor in the cryptocurrency space and the team at Vera could not be more ecstatic than recognizing that Solv has partnered with some of our notable investors and partners, including but not limited to: Krypital Group, Axia8 Ventures, and Highstreet metaverse.
“One of the major benefits of partnering with Solv is that there will be no need for additional coding when it comes to managing a project’s staking allocations,” says Michael, CTO at Vera Labs, the firm backing Vera. “As the Vera ecosystem grows, Solv will help projects powered by Vera obtain liquidity in a much more efficient way, which is key to maintain investor and supporter confidence.”
About Solv Protocol
Solv Protocol is the decentralized platform for creating, managing, and trading financial NFTs. As our first financial NFT product, Vesting Vouchers are fractionalized NFTs representing lock-up vesting tokens, thus releasing their liquidity and enabling financial scenarios such as fundraising, community building, and token liquidity management for crypto projects.
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About Vera
Vera is the easiest way for anyone to rent, lend, and mortgage non-fungible tokens (NFTs). Founded in 2021 and backed by notable investors in the decentralized fintech space such as Animoca Brands and the Web3 Foundation, Vera’s mission is simple: To build open, secure, and powerful NFT financial products that are equally available to everyone everywhere.
Follow Vera:
📈 Buy $VERA coin to support our project
🌐 Visit us on our Website
📩 Email us at hello[at]vera[dot]financial
💬 Chat with us on Telegram — @veranetwork
🐦 Find us on Twitter — @veradefi
🤖 Follow our work on Github — @veradefi
💼 We’re hiring! — Ready to be part of the next trillion dollar industry?
