WOOFi Launches Synthetic Active Market Maker on Solana, Enhancing Institutional-Level Liquidity for SOL and USDC

On October 24, WOOFi announced the launch of its **synthetic active market maker (sPMM)** on the **Solana network**, enhancing liquidity for **SOL** and **USDC trading pairs**. This innovative sPMM algorithm replicates centralized finance (CeFi) orders by integrating targeted on-chain market data, offering a hybrid approach that marries the benefits of traditional market making with the security of **self-custody** in decentralized finance. WOOFi aspires to establish itself as a pivotal component of the **DeFi ecosystem**, providing features akin to centralized exchanges, including **spot trading, futures,** and **staking services**. Currently operational across 11 EVM networks, WOOFi is focused on creating a comprehensive cross-chain platform that enhances the user experience while ensuring consistent network stability. The deployment on Solana not only signals WOOFi’s commitment to fostering an environment ripe with institutional-level liquidity but also promises superior user performance through Solana’s swift and cost-effective infrastructure.