a16z Invests Millions in SolidLizard and Solidly V2 Protocols

02/20/2023 13:28 • Tech Ticker • 142 views

According to the report, according to the data released by the chain analyst @ 0xsurferboy on social media, a16z has been injecting funds into the two protocols of SolidLizard and Solidly V2 in the past 24 hours. One day ago, the lock-in capital of SolidLizard in a16z’s portfolio was $2 million, and that of Solidly was $0. About 14 hours ago, a16z bought and added another $1.5 million in the WETH-USDC pool, with an APR of 58% – 145%. 695 SLIZs were locked, with an APR of about 130%. About 4 hours ago, a16z added US $5.2 million to the USDC-USDT Solidly V2 pool. This series of operations quickly pushed the number of SolidLizard lockouts to US $60.3 million and ranked among the top 10 on the Arbitrum chain. A week ago, the number of SolidLizard lockouts was only US $12 million, with an increase of 400%.

A16z In the past 24 hours, funds have been injected into SolidLizard and Solidly V2

Interpret the above information:

The message reports on the recent investments made by a16z into two protocols, SolidLizard and Solidly V2. According to data released by chain analyst @ 0xsurferboy on social media, a16z injected funds into both protocols in the past 24 hours, with significant increases in lock-in capital.

SolidLizard, which had a lock-in capital of $2 million in a16z’s portfolio just one day ago, saw a significant boost in funds as a16z added $1.5 million in the WETH-USDC pool with an APR of 58% – 145%. The number of locked SLIZs also increased to 695, with an APR of around 130%.

Not stopping there, a16z added another $5.2 million to the USDC-USDT Solidly V2 pool, pushing the SolidLizard lockouts to $60.3 million, a 400% increase from just a week ago. This resulted in SolidLizard ranking among the top 10 on the Arbitrum chain, further solidifying its position in the market.

Overall, this data reveals that a16z is showing significant interest in investing in decentralized finance (DeFi) protocols. Its investments in SolidLizard and Solidly V2 indicate their potential for growth and profitability, with high APY rates and an increasing number of lock-ins.

In conclusion, a16z’s investments in SolidLizard and Solidly V2 protocols prove its commitment to expanding its portfolio in the DeFi sector. It is clear that these investments have potential, which is why a16z is putting such a significant amount of capital into them. The surge in lock-ins and their positions on the Arbitrum chain indicate their potential to become major players in the DeFi market.

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a16z Invests Millions in SolidLizard and Solidly V2 Protocols

A16z In the past 24 hours, funds have been injected into SolidLizard and Solidly V2

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