Saros, a leading exchange for capital markets based on the Solana blockchain, today announced the launch of its $10 million Liquidity Grant Program. The program is designed to solve one of the most significant challenges facing crypto startups: the high expense and complexity of bootstrapping deep trading liquidity.
Grant Program Details and Benefits
Under the new grant, Saros will commit its native $SAROS token to match the tokens contributed by partner projects, creating instant, deep liquidity pools. This allows projects to establish robust trading markets for their tokens simply by utilizing idle assets from their treasury, rather than spending capital on accumulating stablecoins (like USDC) or costly liquidity incentives to attract users.
The importance of this program is already evident. The existing BONK/SAROS pool on the platform regularly demonstrates superior volume per dollar of Total Value Locked (TVL) compared to its equivalent stablecoin pair BONK/USDC, showcasing the efficiency and arbitrage opportunities created by pairing assets with the actively traded $SAROS token.
Quotes and Vision
"The Saros Liquidity Grant Program solves a big problem for projects with tokens. When combined with Solana’s aggregator-led swap routing, it means they no longer need to commit cash or incentives to bootstrap deep liquidity pools. This approach creates deep, high-efficiency liquidity pools at a zero-cost basis for our partners, which is a massive unlock for ecosystem development."
Lynn Nguyen, CEO of Saros
Lynn Nguyen, who brings a wealth of experience from top-tier institutions including FTX US, Alameda Research, Falcon X, Cube Exchange, and traditional finance (TradFi) hedge funds, is positioning Saros to become the core liquidity provider for the Solana network.
Initial Partners and Collaborations
The program is already attracting a strong roster of participants, with initial partners including BONK (Social layer and community meme on Solana); PORTALS (the Roblox of Web3); and K (the native utility and governance token of Sidekick Labs).
Reflecting on the liquidity grant, Sidekick Labs said that the “partnership with Saros allows us to explore new liquidity models that align with our LiveFi vision — connecting real-time engagement with decentralized trading.”
Expanding Reach Through Partnerships
Saros is also reserving a total of seven-figures of grant liquidity for projects launching tokens on Solana through its partners Wormhole and Metaplex. With Wormhole, grants will be made available to projects bringing their tokens from other blockchains - making them tradable on Solana for the first time. Similarly, projects undergoing token generation events (TGEs) using Metaplex Genesis launch infrastructure will also qualify to apply for Saros liquidity grants.
The aim of the grant program is to directly increase overall liquidity and through this, trading experience for these tokens throughout the Solana ecosystem. Projects interested in applying for the program can contact the Saros team at hi(@)saros.xyz.
About Saros
Saros is a Solana-based DEX and liquidity infrastructure connecting traders, LPs, and builders. Powered by the $SAROS token, it enhances capital efficiency through its Dynamic Liquidity Market Maker (DLMM) and Liquidity Book architecture, offering concentrated liquidity, surge pricing, and near zero-slippage swaps. Complementing its DLMM, the Saros AMM also provides deep liquid markets, combining to create one of the most efficient trading venues on Solana. Dedicated to Web3’s most liquid assets, Saros empowers tokenized projects to launch, grow, and thrive - combining cutting-edge tech with backing from Solana Ventures, Hashed, Spartan, and Arche Fund to drive long-term capital formation.