Trisolaris Crypto Platform

Pros

$5,644,380 USD currently invested (TVL)

Investments in 20 coin pairs available

Operating on Aurora protocol

Cons

Investments in liquidity pools can be higher risk

Liquidity pool investments are only suitable for advanced crypto users

Trisolaris Reviews

Trisolaris is the number one decentralized finance protocol built on the Aurora engine. Aurora engine is an EVM-compatible blockchain that runs on the Near ecosystem. The protocol is community-owned and the information about the founders and the team is limited on the web. one of the investors of the project is Dragonfly Capital which has invested in 1inch network, Aptos, ByBit, Celo, Mina, and Ribbon finance. The protocol is established in Guarda, Portugal according to Crunchbase.

The services you can use on the protocol are; swap, pool, stake, farm, and bridge. Bridging services can be used among the following blockchain networks; Ethereum, Near, BSC, Terra, Avalanche, and Polygon. Trisolaris stands out with high-speed transactions with very low costs.

Trisolaris has a very easy-to-use user interface on the web app. Anyone with a web wallet can easily access the platform and connect to the platform. Connecting to the protocol with a MetaMask and Near Wallet is explained on the project’s documents page. There is a protocol fee of 0.3% on all swaps and the revenue will be distributed to TRI token holders.

TRI is the native utility token of the platform. You can find tokenomics of TRI tokens on the documents. The emission plans are not fully agreed on for now, but the emissions can be changed via governance. The hard cap of the TRI tokens is 500.000 and there are currently little over 300.000 TRI tokens in circulation. Token supply is expected to increase over time in the next two years. The total supply of TRI tokens will increase to 400.000 at the end of 2023 and 500.000 at the end of 2024. Only 20% of the tokens are allocated to investors and advisors. TRI holders can access enhanced yields on the protocol.

Trisolaris is a very young project in the DeFi world and needs time to prove if it has strong fundamentals. There is no hack or exploit in its history so far. But DeFi is a fast-growing industry and it is hard to find a project with a well-proven history. Trisolaris platform’s smart contracts are not audited. There is no information about an independent audit report on the website.