In the rapidly evolving world of decentralized finance (DeFi), the Solana ecosystem is attracting an increasing number of innovative projects with its high performance and low costs. Recently, the dark pool DEX (decentralized exchange) HumidiFi announced that it will launch its governance and utility token WET through an initial coin offering (ICO) on the Jupiter platform on December 3, using a first-come, first-served sales model. This news immediately drew market attention. As a hidden giant on Solana, HumidiFi has surpassed many competitors in terms of trading volume and capital efficiency with its Prop AMM model and ultra-fast price updates. The ICO of the WET token not only provides investors with the opportunity to participate in HumidiFi's growth but may also bring a highly anticipated new golden dog to the Solana ecosystem, leading the future development of decentralized trading.
- HumidiFi: The Hidden Giant Reshaping the Solana DEX Landscape
HumidiFi is a decentralized exchange (DEX) based on the Solana blockchain that has experienced significant growth in a relatively short period.
Dominance in Trading Volume: HumidiFi's total trading volume reached approximately $100 billion within 5 months, surpassing competitors like Meteora and Raydium in 30-day trading volume, indicating its increasingly prominent position as a key player in the Solana ecosystem.
Prop AMM Model: HumidiFi's core advantage lies in its Prop AMM (Professional Automated Market Maker) model. Unlike traditional AMMs that rely on user-provided liquidity pools, Prop AMM utilizes professional market makers to provide liquidity and execute complex pricing strategies. This means: no public liquidity providers, ordinary users do not need to worry about impermanent loss; dynamic price updates, with prices continuously updated based on market conditions; professional inventory management, with algorithms actively managing inventory, similar to market makers in centralized exchanges. HumidiFi is seen as a decentralized version of Citadel Securities, built on the blockchain and permissionless.
Key Features: Ultra-fast price updates (multiple updates per second to ensure accurate pricing), private order flow mechanism (reducing volatility and front-running risks), capital efficiency (concentrating liquidity in high-demand areas), fully on-chain operations (transparent and permissionless).
Achievements: Captured a significant share of the Solana DEX market, accounting for 35% of total trading volume. Outstanding execution performance, with spreads for SOL/USDC narrower than Binance. Remarkable capital efficiency, handling $819 million in daily trading volume with only $5.3 million in TVL (total value locked).
Jupiter Integration: Access to most trading flows on Solana.
- WET Token ICO Details: Phased Sales, First-Come, First-Served
HumidiFi is preparing to launch its governance and utility token WET through Jupiter's DTF Launchpad. The sale will be conducted at a fixed price and divided into three phases:
Phase 1: Wetlist (HumidiFi users and community)
Allocation: 60 million WET (6% of total supply).
Sale Price: 0.5 USDC/token (corresponding FDV of $50 million).
Time: December 3, 10:00–22:00 (EST).
Phase 2: JUP Stakers
Allocation: 20 million WET (2% of total supply).
Sale Price: 0.50 USDC/token (corresponding FDV of $50 million).
Time: December 3, 22:00–December 4, 10:00 (EST).
Eligibility: Tiered based on time-weighted JUP staking amount since July of this year, with purchase limits ranging from 200 to 10,000 USDC.
Phase 3: Public Sale
Allocation: 20 million WET (2% of total supply).
Sale Price: 0.69 USDC/token (corresponding FDV of $69 million).
Time: December 4, 10:00–22:00 (EST).
Individual Purchase Limit: 1,000 USDC.
All phases are oversubscribed, first-come, first-served, while supplies last. Tokens and liquidity will be launched shortly after the sale ends (specific time to be announced). Users can confirm their eligibility on the Jupiter DTF official website.
- Appeal and Risks of the WET Token
No VC Support: WET has not received any venture capital, making it a unique opportunity to participate in the growth of this innovative project.
Governance and Utility: WET is the governance and utility token of HumidiFi, allowing holders to participate in protocol decisions and ecosystem development.
Investment Risks: Although HumidiFi demonstrates strong market appeal, DeFi project ICOs still carry high risks, and investors should fully understand the project mechanisms and market volatility.
Conclusion:
HumidiFi's announcement of the WET token ICO marks an important event in the development of decentralized finance within the Solana ecosystem. With its advanced Prop AMM technology, outstanding capital efficiency, and integration with Jupiter, HumidiFi has secured a significant position in the Solana DEX market. The ICO of the WET token not only provides investors with the opportunity to participate in the growth of this innovative project but may also bring a highly anticipated new golden dog to the Solana ecosystem, leading the future development of decentralized trading.
Related Reading: Ethereum Price Analysis: Will ETH Continue to Decline in December?
Original Article: “Solana Dark Pool DEX HumidiFi Launches WET Token ICO, Can a New Golden Dog Emerge?”
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