Hi everyone. Solana is extremely trendy these days. It’s definitely getting a lot attention too after the Jupiter and Pyth airdrops were announced. So quick guide here in order to hit a couple different likely future drops. Unlike eth, solana is extremely cheap to use. So whatever solana you use in this strategy, you won’t have much leakage from transaction costs, and you’ll likely earn some yield in sol along the way too.
What’s the best way to start you may ask? Well liquid staking tokens is the best way. You can hit 2 birds one stone by using liquid staked tokens in defi products. There’s a few providers to choose from.
- this is a very trendy one amongst airdrop farmers right now. They have a scoreboard and will likely drop something based on your points. You earn points based on using the token in defi, and staking
Blaze Sol - This is a fast growing protocol. They currently have a liquidity mining airdrop if you use them, and or use their token in defi.
Marinade Sol - This one has been around a long time and is the largest protocol for liquid staked tokens
Ok Step 2 - Let’s try
Another trendy app, with a massive TVL. They’re probably going to do some sort of reward since they also have a points system. They give points for lending/borrowing. Right now the deposit is capped, but you can deposit Marinade or Blaze staked sol. Also other tokens like bonk. Pro tip- if jito isn’t available, consider lending some Blaze sol. It has a higher yield on marginfi since they seem to have a liquidity mining incentive going on. Marinade sol is a good one too. The points accrue daily, so consider leaving the position open for a little while to move up the leaderboard. You’ll get 2 birds since the staked token provider will also give you points too.
Step 2b or Step 3 - Swap on
If you staked Jito and can’t deposit on marginfi, you’ll need to swap it. Don’t worry this is probably 2 birds one stone also. You’ll get defi points on , and also create volume on Jupiter. Jupiter is doing the airdrop in 4 tranches. You won’t qualify from this volume for round 1, but future rounds will probably have a volume component too, so it can’t hurt at all. Personally I swap between staked sol to drive volume . The slippage is usually minimal and I rake points.
They’re also adding a perp exchange, if you’re into that type of stuff. Very clean UI too.
This is one to watch. This dapp helps automate your management on concentrated liquidity dexes They’re about to launch a points system, and they are tokenless at the moment. The yields in their system are usually better than if you were to just deposit into an LP position on your own since they autocompound earnings.
That’s all for now. I’ll be back with more guides.
