Surge Finance's USDS stablecoin is over-collateralized by SOL and pegged to the USD via mechanisms such as arbitrage opportunities and our stability pool.
Deposit SOL which will be converted to your LST of choice so that your collateral earns Solana staking rewards.
2. Upfront Rewards
Receive up to 10 years' worth of future Solana staking rewards via Surge Finance's stablecoin (USDS).
3. Spend or Earn
Spend or invest your USDS, or deposit it in our stability pool to earn yield.
4. Self Repay
Your future yield is automatically repaid using staking rewards earned by your Solana collateral.
HOW IT WORKS
1. Deposit
Deposit SOL which will be converted to your LST of choice so that your collateral earns Solana staking rewards.
2. Upfront Rewards
Receive up to 10 years' worth of future Solana staking rewards via Surge Finance's stablecoin (USDS).
3. Spend or Earn
Spend or invest your USDS, or deposit it in our stability pool to earn yield.
4. Self Repay
Your future yield is automatically repaid using staking rewards earned by your Solana collateral.
EXAMPLE STAKE
Larger Collateral Ratio = Faster Repayment
150%
300%
450%
0.3
Collateral Ratio:
Est. Repayment APR:
Self-repayment Time:
0%
0%
0
SOL Collateral:
USDS Yield:
100 ($10,000)
0
ROADMAP
2024
Stage 1
Website and social media
Litepaper and explainer articles
Launch SURGE Token
Stage 2
SURGE staking
Partnerships and marketing
Testnet and audits
Stage 3
Launch Surge Finance
RECENT UPDATES
Surge Finance Token Launch
As we progress on our journey towards introducing instant upfront Solana staking rewards to the Solana community, we are pleased to be able to reveal that the SURGE governance token will launch on Solana on...
Within the Solana DeFi ecosystem, one of the most exciting new asset classes is Liquid Staking Tokens (LSTs). Total Value Locked (TVL) in LSTs on Solana has quite literally surged from ...
The Solana ecosystem has had somewhat of a revival in recent months, with renewed interest in the chain and strong TVL growth (from $215m at the end of 2022 to $2.6bn at the time of writing, according to Defi Llama)...
Solana has a nascent DeFi ecosystem with a lack of opportunities for users to leverage the power of Liquid Staked Tokens (LSTs). With almost 70% (~$40bn) of the SOL supply currently staked, there is a large untapped market for new use cases for Solana LSTs.
What is the main use case of Surge?
Surge Finance provides upfront access to Solana staking rewards. This means users can spend or invest today using their future staking rewards, benefiting from the principle that money today is worth more than money tomorrow.
Which protocols will Surge support?
Surge Finance will support all major LSTs, starting with Marinade's mSOL and Jito's JSOL.
Does Surge have a token?
Currently no, but stay tuned.
Who is behind Surge Finance?
The Surge team has chosen to be anonymous, as we feel this fits the values of a decentralized project while also protecting the team from personal and regulatory risks. Anonymity also allows team members to concentrate on the technical aspects and development of the project rather than becoming public figures.
