Solana DEX dark pool HumidiFi launches WET ICO with a public sale price of $0.69

Solana dark pool DEX HumidiFi has announced that it will launch its ICO on Jupiter on December 3, selling 100 million WET tokens on a first-come, first-served basis. The ICO will be conducted in three phases: whitelist round and JUP staker round are priced at $0.5 per token, while the public sale round is priced at a premium of $0.69 per token, corresponding to an FDV of $50 million and $69 million, respectively.

Complete Analysis of HumidiFi ICO Three-Phase Sale Details

(Source: HumidiFi)

According to Jupiter’s official announcement on December 3, the HumidiFi WET token ICO will be conducted in three phases, with a total sale volume of 100 million WET, accounting for 10% of the total supply. All phases use a first-come, first-served principle, ending when sold out. The token and liquidity pool will go live at TGE shortly after the sale ends.

Phase 1: Wetlist Whitelist Round

Sale Quota: 60 million WET (6% of total supply)

Sale Price: 0.5 USDC (corresponding to an FDV of $50 million)

Eligibility: HumidiFi users and community members

Purchase Limit: Tiered quota

Start Time: December 3, 10:00 (EST) / December 3, 23:00 (Beijing Time)

End Time: December 3, 22:00 (EST) / December 4, 11:00 (Beijing Time)

Phase 2: JUP Staker Round

Sale Quota: 20 million WET (2% of total supply)

Sale Price: 0.5 USDC (corresponding to an FDV of $50 million)

Eligibility: Tiered based on time-weighted JUP staking volume since July of this year, with purchase limits ranging from 200 to 10,000 USDC

Start Time: December 3, 22:00 (EST) / December 4, 11:00 (Beijing Time)

End Time: December 4, 10:00 (EST) / December 4, 23:00 (Beijing Time)

Phase 3: Public Sale Round

Sale Quota: 20 million WET (2% of total supply)

Sale Price: 0.69 USDC (corresponding to an FDV of $69 million)

Purchase Limit: 1,000 USDC

Start Time: December 4, 10:00 (EST) / December 4, 23:00 (Beijing Time)

End Time: December 4, 22:00 (EST) / December 5, 11:00 (Beijing Time)

It is worth noting that the public sale round price of 0.69 USDC is at a 38% premium compared to the whitelist and JUP staker rounds at 0.5 USDC. This tiered pricing strategy rewards early supporters and community participants while also providing public investors with an opportunity to participate. Users can check their eligibility on the Jupiter DTF official website.

What is HumidiFi? The Invisible Giant Reshaping the Solana DEX Landscape

HumidiFi is a decentralized exchange built on the Solana blockchain, utilizing a unique dark pool mechanism and proprietary automated market maker (Prop AMM) technology. Unlike traditional DEXs, HumidiFi has experienced significant growth in a relatively short period, recently surpassing competitors like Meteora and Raydium in 30-day trading volume, indicating its increasingly prominent role as a key player in the Solana ecosystem.

HumidiFi’s most notable achievement is its impressive capital efficiency. With only $5.3 million in TVL (Total Value Locked), it processes $819 million in daily trading volume, meaning each $1 of locked capital generates over $150 in daily trading volume. By comparison, traditional AMMs like Uniswap usually have a capital efficiency ratio of around 1:10. This ultra-high efficiency comes from HumidiFi’s Prop AMM mechanism, which concentrates liquidity in high-demand areas.

Over the past 5 months, HumidiFi’s total trading volume has reached approximately $100 billion, accounting for 35% of the total trading volume on Solana DEXs. This market share means that one out of every three decentralized trades on Solana is executed through HumidiFi. Even more impressively, HumidiFi’s SOL/USDC trading pair spread is narrower than Binance, achieving execution performance that surpasses centralized exchanges in a decentralized environment.

Revolutionary Differences Between Prop AMM Mechanism and Traditional AMMs

To understand HumidiFi’s advantages, it is essential to grasp the concept of Prop AMM (proprietary automated market makers). Unlike traditional AMMs that rely on user-provided liquidity pools and use simple formulas (x*y=k) to determine prices, Prop AMMs utilize professional market makers to provide liquidity and execute complex pricing strategies.

Traditional AMMs like Uniswap work by having users deposit tokens into liquidity pools, with the system automatically adjusting prices to maintain a constant product of tokens in the pool. This mechanism is simple but inefficient, as liquidity is spread across the entire price curve and most funds are never utilized. Worse yet, liquidity providers (LPs) face impermanent loss risk; when prices deviate from the initial deposit level, LPs’ actual returns may be lower than simply holding the tokens.

HumidiFi’s Prop AMM mechanism completely changes this model. First, there are no public liquidity providers, so regular users do not need to worry about impermanent loss. Second, prices are dynamically updated multiple times per second, continuously adjusting to market conditions rather than only responding to trading activity. Third, the algorithm actively manages inventory, similar to professional market makers on centralized exchanges.

HumidiFi’s private order flow mechanism is another major innovation. In traditional DEXs, all orders are visible in the public mempool before execution, providing MEV (Maximum Extractable Value) attackers with the opportunity to front-run trades. HumidiFi hides order flow through its dark pool mechanism, reducing volatility and front-running risks, and providing users with better execution prices.

HumidiFi can be viewed as the decentralized version of Citadel Securities. Citadel Securities is a leading global market maker known for its efficient pricing and execution capabilities. HumidiFi brings this professional-grade market making capability on-chain, operating fully on the blockchain in a transparent and permissionless manner.

A Pure Community Token with No VC Investment

It’s worth noting that WET has not received any venture capital investment, making it a unique opportunity to participate in the growth of this innovative project. In today’s crypto market, most projects are largely divided among VCs before public launch, leaving retail investors to buy in at high valuations. HumidiFi has chosen to distribute tokens entirely through a community ICO, embodying the true spirit of decentralization.

This no-VC model has significant implications for tokenomics. Without large unlocks and selling pressure from early investors, the token supply is more balanced. The 100 million WET tokens sold in the ICO account for only 10% of the total supply, with the remaining 90% distribution plan to be decided by community governance. This design ensures that long-term holders and active participants can share in the project’s growth value.