{"id":"solomon-labs","title":"Solomon Labs","content":"**Solomon Labs** is a [decentralized finance](https://iq.wiki/wiki/defi) (DeFi) protocol operating on the [Solana](https://iq.wiki/wiki/solana) blockchain. The project's primary product is USDv, a yield-bearing [stablecoin](https://iq.wiki/wiki/stablecoin) designed to be pegged to the U.S. dollar while generating returns for its holders. The protocol launched in November 2025 after a public sale on the [MetaDAO](https://iq.wiki/wiki/metadao) platform that raised over $102 million in committed capital. [\\[1\\]](#cite-id-cEPUsiI2fR0rIalI) [\\[2\\]](#cite-id-d9l9w6C4P4xOs0yo)​\n\n## Overview\n\nSolomon Labs aims to create what it calls \"Solana-native dollar rails\" to make stablecoin capital productive within the DeFi ecosystem. The project’s core offering, the USDv stablecoin, is designed to provide holders with a native yield without requiring active management like staking or liquidity provision. This yield is generated through a market-neutral basis trading strategy executed by the protocol's \"basis engine.\" Solomon Labs emphasizes transparency through features like on-chain verification of yield payouts and the use of an institutional-grade custodian for its reserve assets. [\\[2\\]](#cite-id-d9l9w6C4P4xOs0yo)​\n\nThe project's philosophy for its initial fundraising was to avoid private sales or insider deals, with all participants contributing on the same terms to establish the on-chain price for its native token, SOLO. [\\[1\\]](#cite-id-cEPUsiI2fR0rIalI) The launch was noted by the official [Solana](https://iq.wiki/wiki/solana) social media account, which highlighted the significant capital raised as an indicator of the future of capital formation on the network. [\\[1\\]](#cite-id-cEPUsiI2fR0rIalI) \n\nThe native token of the protocol, SOLO, is intended to provide holders with governance rights and a share of the protocol's revenue. [\\[3\\]](#cite-id-INkbkniW9GM7j6qd)​\n\n## History\n\nThe development of Solomon Labs' core technology took place over an extended period before its public launch. According to the project, its \"basis engine\" and [Solana](https://iq.wiki/wiki/solana) [smart contracts](https://iq.wiki/wiki/smart-contract) were operational in a private beta with real users for approximately one year, beginning around November 2024. [\\[1\\]](#cite-id-cEPUsiI2fR0rIalI)​\n\n### Initial Coin Offering (ICO)\n\nIn November 2025, Solomon Labs conducted its ICO for the SOLO token on the [MetaDAO](https://iq.wiki/wiki/metadao) launchpad. The public sale concluded on November 18, 2025, successfully raising $102,932,673 from 6,603 unique contributors. [\\[1\\]](#cite-id-cEPUsiI2fR0rIalI) The project framed its fundraising model as a transparent and equitable method for launching core crypto infrastructure. [\\[1\\]](#cite-id-cEPUsiI2fR0rIalI) The SOLO token was scheduled to go live on-chain later that day, with claims and refunds managed by [MetaDAO](https://iq.wiki/wiki/metadao). [\\[1\\]](#cite-id-cEPUsiI2fR0rIalI) Following the ICO, Solomon Labs opened a waitlist for its public beta, allowing users to deposit stablecoins to earn the advertised yield. [\\[2\\]](#cite-id-d9l9w6C4P4xOs0yo)​\n\n### Launch Controversy\n\nDuring the public sale, allegations of market manipulation surfaced within the community. These claims were linked to a prediction market on the platform Polymarket concerning the total amount that would be raised in the Solomon ICO. Reports indicated that a Distributed Denial-of-Service (DDoS) attack may have targeted Polymarket, and one wallet address reportedly earned over $260,000 by betting on the outcome of the raise. [\\[4\\]](#cite-id-MjPM00URgepIPN4O)​\n\n## Technology and Product\n\nSolomon Labs is built on the [Solana](https://iq.wiki/wiki/solana) blockchain and centers around its flagship product, the USDv stablecoin. The underlying technology that powers USDv is referred to as the \"basis engine.\" [\\[1\\]](#cite-id-cEPUsiI2fR0rIalI)​\n\n### USDv Stablecoin\n\nUSDv is a yield-bearing stablecoin designed to maintain a 1:1 peg with the U.S. dollar. It is also engineered to be a \"composable dollar,\" meaning it can be integrated and utilized across other DeFi protocols, such as lending platforms and [decentralized exchanges](https://iq.wiki/wiki/decentralized-exchange), without losing its native yield-generating properties. [\\[4\\]](#cite-id-MjPM00URgepIPN4O) [\\[3\\]](#cite-id-INkbkniW9GM7j6qd)​\n\n#### Yield Generation Mechanism\n\nThe yield for USDv holders is generated through a delta-neutral basis trading strategy. This market-neutral approach is designed to generate returns regardless of the direction of the broader crypto market. The process typically involves two simultaneous positions:\n\n1. Long Spot Position: The protocol uses its reserve assets to purchase a crypto asset, such as SOL, on the spot market.\n2. Short Futures Position: At the same time, the protocol opens an equivalent short position for the same asset in the perpetual futures market (e.g., SOL-PERP).\n\nThis strategy neutralizes exposure to the price volatility of the underlying asset. The primary source of yield is the funding rate, a mechanism used in perpetual futures markets to keep the futures price tethered to the spot price. Historically, funding rates have often been positive, meaning traders with long positions pay a fee to traders with short positions. Solomon Labs' strategy positions the protocol to collect these funding rate payments, which are then distributed as yield to USDv holders. The protocol’s advertised Annual Percentage Yield (APY) at the time of its public beta launch was approximately 20.9%, though this rate is variable and dependent on market conditions. [\\[2\\]](#cite-id-d9l9w6C4P4xOs0yo) [\\[3\\]](#cite-id-INkbkniW9GM7j6qd)​\n\n#### Asset Custody and Transparency\n\nThe assets backing USDv are held with Ceffu, an institutional-grade custody solution that was spun off from [Binance](https://iq.wiki/wiki/binance). This partnership is intended to enhance the security of the stablecoin's reserves. Solomon Labs also offers a \"Proof of Yield\" feature that allows users to view cumulative payouts and verify the data on-chain, promoting transparency of the protocol's operations and earnings. [\\[2\\]](#cite-id-d9l9w6C4P4xOs0yo)​\n\n## SOLO Token\n\nSOLO is the native SPL ([Solana](https://iq.wiki/wiki/solana) Program Library) token of the Solomon Labs protocol. It serves as both a governance and utility token within the ecosystem. [\\[3\\]](#cite-id-INkbkniW9GM7j6qd)​\n\n**Token Details:**\n\n* Name: Solomon\n* Ticker: SOLO\n* Blockchain: [Solana](https://iq.wiki/wiki/solana)\n* Contract Address: `SoLo9oxzLDpcq1dpqAgMwgce5WqkRDtNXK7EPnbmeta`\n\n#### Tokenomics\n\nThe SOLO token has a maximum supply of 25,800,000. As of November 2025, the total supply was approximately 25.8 million, with a circulating supply of around 12.9 million SOLO. An allocation of 12,900,000 SOLO, representing 50% of the maximum supply, is designated for the team and held in the wallet address `9a9KPYqsDEoRvk4Namd65J7yGz2aPKvKPtt3TaYXgY55`. [\\[4\\]](#cite-id-MjPM00URgepIPN4O)​\n\n#### Utility\n\nThe SOLO token is designed to have two primary functions within the Solomon Labs ecosystem:\n\n* Governance: SOLO holders can participate in protocol governance by voting on key proposals. These may include the implementation of new yield strategies, adjustments to protocol fees, and the management of the treasury.\n* Fee Sharing: The protocol's model includes the potential for distributing a portion of the revenue generated from its trading strategies to users who stake their SOLO tokens.\n\nThe SOLO token's smart contract has its mint authority revoked, meaning no new tokens can be created beyond the maximum supply. It also has a 0% tax on buys and sells. [\\[3\\]](#cite-id-INkbkniW9GM7j6qd)​\n\n#### Market Performance\n\nThe SOLO token began trading on decentralized exchanges following the conclusion of its ICO on November 18, 2025. On its first day of trading, it reached an all-time high of 0.8397. The primary venues for trading the SOLO token are Solana-based DEXs, with Meteora hosting the most active trading pairs, including SOLO/USDC and SOLO/SOL. [\\[4\\]](#cite-id-MjPM00URgepIPN4O)​","summary":"Solomon Labs is a DeFi protocol on Solana. 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