On-chain analyst Surf posted on Twitter that a16z has been injecting funds into the two protocols, SolidLizard and Solidly V2, in the past 24 hours.
1 day ago, the locked funds of SolidLizard in a16z's portfolio were $2 million, and the locked funds of Solidly were $0. About 14 hours ago, a16z bought and added $1.5 million in funds to the WETH-USDC pool, with an APR of 58%-145%; 695 SLIZ were locked, with an APR of about 130%. About 4 hours ago, a16z added $5.2 million to the USDC-USDT Solidly V2 pool. This series of operations quickly pushed SolidLizard's locked position to $60.3 million and ranked among the top ten on-chain locked positions of Arbitrum. A week ago, SolidLizard's locked position was only $12 million, and the current increase has reached 400%.
