Recently, Solana’s steadily rising token price has attracted community attention. On November 15, SOL rose back above $60 and continued to rise. As of the time of writing, the price was quoted at $65. In the past week, SOLs increase has exceeded 45%.
In addition to the overall recovery of the market, another important factor driving the increase in SOL price is that JupiterExchange on Solana is about to release airdrop information, and users can obtain airdrop information by interacting with Defi protocols and trading platforms such as marginfi, Kamino, DriftProtocol and Jito on Solana. Token points on Jupiter, and these protocols also have their own point schemes. As a result, Solana attracts a lot of liquidity from the community.
BlockBeats According to overseas KOL Ayle (@alpha_pls), the trading strategies that can be profitable on Solana are summarized as follows:
Jito
Jito is a liquidity staking service from Solana that distributes Maximum Extractable Value (MEV) rewards to holders. The Jito Stake Pool allows users to stake their Solana tokens in exchange for liquid stake pool tokens (JitoSOL). JitoSOL tokens provide liquidity while earning staking rewards and MEV rewards.
Points airdrop status (airdrop time has not been released yet)
Starting from January 1, 2023, each JitoSOL in the users wallet will accumulate 1 point per day. Earn 2x points for trading on supported DEXs. For more information seeIntroducing Jito Points: Powering the Jito Ecosystem
Steps
EnterJito staking interface, connect to the solana wallet, enter the amount of SOL to be pledged on the pledge interface, and you can obtain JitoSOL.
marginfi
Marginfi is a decentralized lending protocol on Solana, equipped with real-time risk management and automatic clearing. , providing safe and reliable solutions for users seeking leverage and maximizing capital efficiency. And Marginfi can be combined with third-party protocols both downstream and upstream, allowing users to unify their on-chain portfolios and access a wide range of decentralized finance (DeFi) services.
Points airdrop status (airdrop time has not been released yet)
By depositing JitoSOL into marginfi, you can earn 1.5 times JitoSOL points and marginfi points; borrowing mSOL on marginfi can earn 4 times marginfi points. For more information seeIntroducing mrgn points 。
Steps
EntermarginfiHome page, register an account through email, and enter the interface after authentication. The interface will prompt marginfi uses the Solana network and requires SOL to pay network fees. Users must hold a Solana balance in their wallet to use the network (it is recommended to start with SOL worth $5). Users can transfer funds to a margin wallet or directly use MoonPay to purchase SOL.
You can see that the deposit limit of JitoSOL is 750k, which is currently full. This is the limit after marginfi officially raised the upper limit on November 11. Users can pay attention toOfficial Twitter accountordiscord communityto get the latest news.
Then borrow mSOL on marginfi to earn 4x marginfi points. As of writing, there are still about 67% of the mSOL stock available for borrowing.
Jupiter
Jupiter is a DEX aggregator/one-stop DeFi shop on Solana.
Points airdrop situation (the first round of airdrop time has been released, you need to wait for the next round)
JupitertodayreleaseAccording to the airdrop details, 40% of $JUP will be distributed to the community through 4 rounds of airdrops. 10% of the tokens (1 billion) will be distributed in the first round. 955,000 wallets that interact with Jupiter before November 2 are eligible to receive it. airdrop. Users can wait for the next airdrop for new users. More information about $JUP can be found hereJupiter Green Paper
Steps
After borrowing mSOL, enterJupiter, connect to the wallet (note that SOL is required as gas fee), and exchange mSOL for JitoSol.
Kamino
Kamino is an automated liquidity solution built on top of a DEX running a Centralized Liquidity Market Maker (CLMM). Liquidity providers (LPs) looking to improve capital efficiency can leverage Kaminos automated market-making vaults to increase expected returns on fees and rewards.
Points Airdrop Status (Kamino V2 is in internal testing)
Currently, Kamino has not released points information. Users can earn JITO points on Kamino.
Steps
Half of JitoSol can be depositedKaminoin, earn more$JITOintegral. EnterHome page, select the trading pair with JitoSol, and deposit JitoSol.
Drift
Drift Protocol is a decentralized derivatives trading platform on Solana.
Points airdrop situation (the incentive activity is in progress, there is no airdrop plan yet)
Drift is conducting a Drift Draw lottery. Users who trade on Drift can qualify for the lottery. The prize pool exceeds 50K. For more information, seeDrift Draw。
Steps
Deposit the other half of JitoSol into DriftProtocol to obtain more$Jito,Enterlend/borrow interface, select JitoSol after connecting to the wallet.
In addition, if you want to get more lottery qualifications, you canTrading interfaceTrade perpetual contracts.
ZetaMarkets
Zeta Markets is a Solana-based decentralized platform that facilitates trading in liquid, non-custodial and undercollateralized derivatives.
Points airdrop situation (the points activity season is in progress, there is no airdrop plan yet)
ZetaMarket launched Z-SCORE on October 26. From the launch date to December 20, users will receive 1 Z-SCORE point for every US$1 traded.
At the same time, the points earned by users from November 13th to 17th will be doubled. For detailed rules, please seeOfficial description。
Steps
In order to obtain Z-SCORE, users canTrading interfaceDeposit USDC into the account and conduct perpetual contract transactions.
BlockBeats reminds that the above information is compiled based on existing data, and there are risks in transactions. Please pay attention to the information updates released by the project team in a timely manner.
