Description
SolStreet is a decentralized non-custodial asset management protocol built on Solana. It allows fund managers to create funds, prove their trading strategies on-chain, and monetize them by charging performance fees, while growing their assets under management and gaining exposure to a new investor community without setup or running costs. Investors benefit from paying fees only when investments make money, can invest as little as they like with no minimum, and gain access to a ranked selection of fund strategies. All funds are non-custodial, with assets held securely in smart contracts rather than by the fund manager. The protocol positions itself as a faster, cheaper alternative to traditional fund management by removing costly middlemen like administrators and auditors and enabling near-instant subscription and redemption via the Solana blockchain. Managers can trade a diverse range of liquid assets listed on the Serum DEX. The platform is currently in beta pending a smart contract security audit, and caps investments at $1000 per fund during this phase.