75%
average score over 2 application evaluations
A synthetic asset protocol on Solana allowing seamless crypto investing with low fees, deep liquidity, and up to 20x leverage. Funding needed for legal setup and smart contract audit.
gm gm 👋
Normal is a synthetic asset protocol on Solana enabling seamless investing in any cryptocurrency with low fees, deep liquidity, and up to 20x leverage.
Last year, we started building on-chain crypto index funds to make diversifying easy. After growing to nearly $250k in AUM, we realized there’s a much deeper problem:
🚨Investing in cross-chain assets is impossible without CEXs and bridges
Solana especially has this problem as most of the Top 100 tokens are ERC-20.
Normal enables you to:
- 📈Trade any crypto without leaving Solana
- 🧺Invest in full on-chain crypto indexes
- 🪙Earn yield from cross-chain assets and protocols
- 💪Short sell and use up to 20x leverage
- 💻Use synthetic assets across Solana DeFi on Kamino, Sanctum, Symmetry and more
- 🏧Earn yield by providing liquidity to the Normal AMM or Insurance Fund
- 🧾Earn $NORM by trading, LPing, or running Liquidator or Market Maker bots
- 🗳️Vote on DAO proposals using $veNORM (by vote escrowing $NORM)
Grant Goal = $50,000
Fund Usage
- $30,000 = Foundation incorporation and legal entity set up for protection of the Normal DAO and its members
- $20,000 = A smart contract security audit in preparation for launch in Q1 2025
Important Links
- 🐥Twitter: https://x.com/normalfi
- 📜Whitepaper: https://link.normalfinance.io/whitepaper
Thank you!
Joshua Blew Co-founder/CEO https://x.com/0xjblew
Normal History
-
applied to the GG22 OSS - dApps and Apps 4 weeks ago which was rejected
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