🎑Overview

DECO draws inspiration from Solidly, exhibiting both parallels and distinctions.

The two main differences between Solidly and DECO are:

1. Token model: DECO introduces a novel token model that allows for deep/single-sided liquidity, capital efficiency (borrowing against liquidity with no liquidation risk), stability by backing DECO with an MNT token (WETH, USDC, etc.), no more lengthy token lock ups, and sustainable emissions of call options (oDECO).

2. Gauge system: DECO introduces gauge-plugins, which transfer the logic or deposits/withdraws and harvests from the gauge contract to a flexible plugin contract that can support any yield-bearing asset.

Feature	Solidly	Deco
Primary Token	SOLID	DECO
Voting Token	veSOLID	vDECO
Incentive Token	SOLID	oDECO (call option on DECO, strike price = floor price, no expiration)
Base Token	NA	MNT (can be any ERC20 token WETH, WFTM, MATIC, OP, st-yETH, etc.)
Vote Escrow Lock	Fixed lock in NFT (4 years)	1 week unlock period
Gauge Structure	Gauge -Built for Solidly AMM LP -Cannot support other asset types	Plugin -Flexible deposit/withdraw and harvest logic -Support for any yield bearing asset
Primary Token Liquidity	Incentivized by SOLID emissions	Token Owned Liquidity (TOL) through Bonding Curve
Voting Token Revenue	-SOLID rebase (locked) -Voter rewards: swap fees	-oDECO emissions -Voter Rewards: swap fees, yield, interest, etc. -Swap Fees: DECO + MNT from bonding curve volume
Floor Price	NA	1 MNT/DECO
Borrow against voting token	NA	Borrow at floor price, no liquidation, no interest