Flash Depth Data Forum

Forum

Search Extension

A quick look at Solana’s ecological potential and DeFi matryoshka income strategy

Joyce

2023-11-16 14:16

Read this article in 13 Minutes

On November 16, Solana ecological transaction aggregator Jupiter Exchange announced the details of the JUP community airdrop.

Recently, the steadily rising token price of Solana has caught the attention of the community. On November 15th, SOL rose above $60 and continued to rise, with a current price of $65 at the time of writing. In the past week, SOL has increased by more than 45%.

Aside from the overall market recovery, another important factor driving the rise in SOL price is the upcoming airdrop information release on JupiterExchange, a platform on Solana. Users can earn Jupiter tokens by interacting with various Defi protocols and trading platforms on Solana, such as marginfi, Kamino, DriftProtocol, and Jito, all of which have their own token incentive programs. As a result, Solana has attracted a significant amount of liquidity from the community.

BlockBeats has compiled the following profitable trading strategies on Solana based on the analysis of overseas KOL Ayle (@alpha_pls):

Jito

Jito is a liquidity staking service for Solana that can distribute Maximum Extractable Value (MEV) rewards to holders. The Jito equity pool allows users to stake their Solana tokens in exchange for liquidity equity pool tokens (JitoSOL). JitoSOL tokens provide liquidity while also receiving staking rewards and MEV rewards.

积分&空投情况（尚未发布空投时间） translates to

Points & Airdrop Status (Airdrop time not yet announced).

Starting from January 1st, 2023, each JitoSOL in the user's wallet will accumulate 1 point per day. Trading on supported DEXs will earn double points. For more information, please refer to Introducing Jito Points: Powering the Jito Ecosystem.

Operation Steps

Enter the Jito staking interface, connect your Solana wallet, and enter the amount of SOL you want to stake in the staking interface to receive JitoSOL.

marginfi

Marginfi is a decentralized lending protocol on Solana, equipped with real-time risk management and automatic liquidation, providing a secure and reliable solution for users seeking leverage and maximizing capital efficiency. Marginfi can also be combined with third-party protocols downstream and upstream, allowing users to unify their on-chain investment portfolios and access a wide range of decentralized finance (DeFi) services.

积分&空投情况（尚未发布空投时间） translates to

Points & Airdrop Status (Airdrop time not yet announced).

By depositing JitoSOL into marginfi, you can earn 1.5 times the JitoSOL points and marginfi points; borrowing mSOL on marginfi can earn you 4 times marginfi points. For more information, please see Introducing mrgn points.

Operation Steps

Enter the marginfi homepage, register an account through email, and after verification, you will enter the interface. The interface will prompt "marginfi uses the Solana network and requires SOL to pay network fees. Users must hold Solana balance in their wallet to use the network (it is recommended to start with a value of $5 USD in SOL)." Users can transfer funds to the margin wallet or directly purchase SOL using MoonPay.

You can see that the deposit limit for JitoSOL is 750k and is currently full. This is the limit raised by marginfi on November 11th, and users can follow the official Twitter account or Discord community for the latest updates.

Then borrow mSOL on marginfi to earn 4 times marginfi points. As of the time of writing, there is still about 67% of mSOL available for borrowing.

Jupiter

Jupiter is a DEX aggregator/one-stop DeFi shop on Solana.

积分&空投情况（首轮空投时间已发布，需等待下轮） Translation:

Points & Airdrop Status (First round airdrop time has been announced, waiting for the next round)

Jupiter announced the airdrop rules today, with 40% of $JUP tokens being distributed to the community through 4 rounds of airdrops. The first round will distribute 10% of the tokens (1 billion tokens), and 955,000 wallets that interacted with Jupiter before November 2nd are eligible for the airdrop. Users can wait for the next airdrop for new users. More information about $JUP can be found in the Jupiter Green Paper.

Operation Steps

After borrowing mSOL, go to Jupiter, connect your wallet (note that SOL is required as gas fee), and exchange mSOL for JitoSol.

Kamino

Kamino is an automated liquidity solution built on top of a decentralized exchange (DEX) that runs a centralized liquidity market maker (CLMM). Liquidity providers (LPs) seeking to improve capital efficiency can utilize Kamino's automated market-making treasury to increase expected returns on fees and rewards.

积分&空投情况（Kamino V2 内测中） translates to

Points & Airdrop Status (Kamino V2 in Beta).

Currently, Kamino has not released any point information. Users can earn JITO points on Kamino.

Operation Steps

You can deposit half of your JitoSol into Kamino to earn more $JITO rewards. Go to the homepage, select a trading pair with JitoSol, and deposit your JitoSol.

Drift

Drift Protocol is a decentralized derivatives trading platform on Solana.

积分&空投情况（激励活动进行中，尚无空投计划） Translation:

Points & Airdrop Status (Incentive activities are ongoing, and there is currently no airdrop plan)

Drift is conducting a Drift Draw lottery event, where users can qualify for the lottery by trading on Drift. The prize pool exceeds 50K. For more information, please refer to Drift Draw.