Coming to Kraken! Meet SODA.
Coming to Kraken! Meet SODA.
The SODAX Solver has entered its first external intent/solver marketplace. Users of NEAR Intents will now have their trades routed by SODAX.
The SODAX Solver is now integrated into NEAR Intents, an intents/solver marketplace where solvers compete to fulfill user trades with the best execution.
This is the first solver marketplace integration for SODAX: the Solver now competes externally for order flow, winning trades and earning fees beyond the SODAX ecosystem.
Fees earned flow back into the SODAX system powering the fee-driven flywheel that funds staking rewards, liquidity growth and SODA burn.
The SODAX Solver has entered its first external intent/solver marketplace. Users of NEAR Intents will now have their trades settled by the SODAX Solver, where it competes for and wins order flow.
The SODAX Solver, the execution engine that coordinates how cross-network actions are fulfilled across the SODAX ecosystem, is now live on NEAR Intents.
NEAR Intents is a solver marketplace. When a user on NEAR submits a trade, solvers compete to fulfil it. The solver that offers the best execution wins the trade and earns a fee. It’s an open, competitive environment where execution quality determines who gets the order flow.
The SODAX Solver is now one of those competing solvers. When it wins a trade on NEAR Intents, it settles the execution using SODAX’s cross-network liquidity and infrastructure, with the fees earned flowing back into the SODAX system.
This is a fundamentally different kind of integration for SODAX. Instead of platforms plugging into the SODAX SDK to access cross-network execution, the SODAX Solver is going out and competing for trades in external marketplaces.
Think of it this way: the SDK is how platforms bring their users to SODAX liquidity. The Solver marketplace integration is how SODAX brings its execution capabilities to external order flow.
Both generate fees. Both strengthen the system, but solver marketplace integrations open up an entirely new source of volume from trades that originate outside the SODAX ecosystem, settled by SODAX infrastructure.
This is the first of these integrations, and the model is designed to scale. As intent-based architectures grow across DeFi, the SODAX Solver can enter additional marketplaces, competing for order flow wherever intent marketplaces exist.
Every trade the SODAX Solver wins on NEAR Intents generates a fee. That fee flows into the SODAX Fee Treasury, where it contributes to the same revenue pool that funds staking rewards for xSODA holders, protocol-owned liquidity growth, DAO funding, and programmatic SODA burn.
More solver marketplace integrations mean more external order flow. This is the flywheel: execution quality wins trades, trades generate fees, fees reward the ecosystem, and the ecosystem funds the infrastructure that wins more trades.
For those newer to DeFi: an “intent” is simply what a user wants to happen. Instead of manually constructing a transaction, choosing a route, picking a bridge, setting parameters — the user just states the outcome they want (e.g. “I want to trade 100 USDT for NEAR”). A solver then figures out the best way to make that happen and executes it.
Intent-based execution is one of the fastest-growing architectures in DeFi because it separates / abstracts what the user wants from how it gets done. The SODAX Solver is built for exactly this model, coordinating execution across networks to deliver this intended outcome.
NEAR Intents is the first solver marketplace where the SODAX Solver is competing for order flow, but it won’t be the last. The intent-based execution model is expanding across the DeFi ecosystem, and the SODAX Solver is designed to operate wherever competitive solver marketplaces exist.
The system grows by competing, and winning.
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