Sofa

A non-profit DAO
Status
Not set
Live
Live
Chains
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Category
DAO
Category
Channel Partner
Partner Type
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Integrations
Automation
Functions
Product Type
Automation
Functions
Industry
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DAO
Year
2024
Collaboration
Social

Announcements

Channel Partnership Details
June 7, 2024
SOFA, Non-Profit DAO Developing an Onchain Asset Settlement Framework, Joins Chainlink BUILD
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August 22, 2024
SOFA.org Integrates Chainlink Automation and Functions To Help Power Its Asset Settlement Framework
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Automation
Functions
About
Sofa

SOFA.org offers a secure, transparent, and efficient solution for decentralized clearing. We transform counterparty settlement risks into secure EVM-based blockchain vaults. Unlike other protocols, we record all key instrument details on-chain via smart contracts, creating transferable Position Tokens as collateral claims. Our standardized dApp and API packages make it easy for platforms and market makers to integrate, providing a 24/7 RFQ experience focused initially on Structured Products.

Furthermore, the utility token (RCH) will be launched 100% fairly, with airdrops available to actual users and the remaining fixed supply tokens in a Uniswap pool. Additionally, all protocol earnings will be used for daily token buybacks and burn, ensuring a long-term deflationary supply and aligning the price trajectory with accumulated protocol usage.

We are always on the look out for experienced derivative players, EVM-compatible chain builders, and token staking partnerships for our upcoming airdrop season. Join us today at SOFA as we elevate DeFi to a new standard!

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Automation
Functions
DAO