Solidly V3

Solidly V3 is a concentrated-liquidity AMM that combines Uniswap-V3-style positions with Solidly’s ve(3,3) fee and incentive system. Current measured balances span Optimism, Ethereum, Arbitrum, Fantom, Sonic and Base and totaled about $96,000 on 2026-08-16. Each LP position remains a price-bounded two-asset inventory claim; emissions and vote-directed fees do not eliminate out-of-range concentration or impermanent loss. The AMM-LP class rejection therefore remains fundamental.

Review triggers: events that reopen the verdict
• Ships a product line without impermanent-loss exposure that merits its own review

Watched nightly: a warning on its venues or files, or a cited document that changes, reopens the memo. The first confirmation is due 2026-11-15.

The research file

Mechanism applicability

Solidly describes V3 as an improved Uniswap V3 core integrated with ve(3,3). The verified contracts expose factory, pool and position-minting logic for concentrated-liquidity positions. LPs choose bounded liquidity rather than making a fixed-rate loan, so the position changes token composition as trades move the pool price through its range.

Control and incentive applicability

Solidly’s factory contract controls pool creation and protocol-fee configuration, while veSOLID voting directs incentives and fee economics. The project publishes a dedicated V3 audit repository and analytics implementation. Audits and public code are useful controls, but neither changes the LP’s two-asset price-range exposure.

Exit and perimeter applicability

An LP exits by decreasing a V3 position and collecting the resulting token amounts; the mix depends on the pool price and chosen range at exit. The 2026-08-16 survey measured approximately $27,000 on Base, $25,000 on Optimism, $19,000 on Ethereum, $18,000 on Arbitrum, $7,000 on Sonic and less than $500 on Fantom.

Why the dossier still applies

The multichain correction does not change classification: all measured deployments are the same concentrated-liquidity AMM exposure. Reopen only if Solidly ships a separately reviewable product without paired-asset inventory rebalancing. More TVL, additional chains, veSOLID emissions or automated range management would not meet that criterion.

Class rule

The amm lp class is outside the approved structures, so every protocol in it is not approved until the rule changes. The rule is about the structure, not an adverse finding about this protocol, and it is not a client instruction. The events that would reopen it are listed with the memo.

Sources

The claims above trace to these. Where a number could not be independently verified, the thesis says so.

• Solidly — current V3 application · primary · accessed 2026-08-16
  Supports: current Solidly V3 product, liquidity and position interface, veSOLID ecosystem
• Solidly Labs GitHub — V3 audit repository · primary · accessed 2026-08-16
  Supports: published V3 audit artifacts, Solidly Labs control evidence
• Solidly Labs GitHub — V3 analytics · primary · accessed 2026-08-16
  Supports: official V3 analytics implementation, V3 pool and position data model
• BaseScan — verified Solidly V3 factory contract · primary · accessed 2026-08-16
  Supports: verified V3 position minting interface, factory and protocol-fee control surface
• DefiLlama — Solidly V3 survey record · secondary · accessed 2026-08-16
  Supports: approximately $96,000 current TVL, six-chain measured perimeter, DEX category

Inherited controls

The research above describes the protocol layer. Every position also inherits the asset it holds and the chain it settles on. The layer with the most administrative power sets the position’s effective control; that describes control, not quality or suitability.