The price of Solana (SOL) has increased by 178% over the past month or so, putting the Solana ecosystem in the spotlight. This could be a good sign for those users participating in ambush airdrops, as the probability of airdrops increases significantly.
The growth in Solana’s total value locked (TVL) confirms the market’s growing interest in its ecosystem. As one of the fastest-growing public chains in November, Solana’s TVL increased by 121% to $563 million.
Massive Solana airdrop season is coming? The following is an overview of seven potential protocols and their interaction strategies:
Drift
Drift is a permanent decentralized exchange (DEX) built on Solana that has yet to launch a token.
How to obtain the air investment qualification:
Connect the wallet to Drift.
Trade on the exchange.
Provide liquidity to Drift Liquidity Provider (DLP).
Deposit assets into the Drift vault built on Solana.
JitoSOL
Jito is a SOL liquidity staking platform that offers staking rewards of approximately 6.8%.
How to obtain the air investment qualification:
Stake SOL on Jito as jitoSOL.
Save JitoSOL in your wallet.
Deposit JitoSOL into LP of other DeFi protocols.
Use recommendation systems to recommend to others.
MarginFi
MarginFi is a lending protocol on Solana that allows borrowing and lending various assets. The platform has launched a “loyalty points” program.
How to get points:
Lending assets on MarginFi.
Borrow assets with MarginFi.
Recommend other users to use MarginFi.
Use SOL as a Liquid Staked Token (LST).
Jupiter
Jupiter is a DEX aggregator that allows users to obtain the best swap rates on Solana.
How to obtain the air investment qualification:
Trade on Jupiter.
Place a limit order on Jupiter.
Set up DCA using Jupiter.
Use Jupiter Bridge for trading.
Trade perps on Jupiter.
Zeta Markets
Zeta Markets is a DeFi futures and options trading platform that allows users to hedge the risk of crypto market volatility and extreme events.
Points system: For every USD 1 increase in the number of Takers, Z points will increase by 1.
How to earn points: Deposit USDC and perform some transactions on the exchange.
Tensor
Tensor is the Solana ecological NFT market platform with an official points system.
How to obtain points: List, bid, and mint NFTs among the top 100 collections.
Phantom
Phantom is the most popular wallet on Solana with over 3 million users.
How to obtain the air investment qualification:
Create a Phantom wallet.
Trade tokens via Phantom wallet.
Unlock the DRiP Phantom collection.
In addition, on-chain analyst Patrick Scott and crypto KOL Aylo also shared some multi-protocol interaction strategies:
Strategy 1
Stake SOL on Jito_sol.
Lending JitoSOL on Marginfi.
Borrow SOL on Marginfi and loop.
Strategy 2
Staking SOL on Marginfi.
Lending mSOL on Marginfi.
Borrow SOL on Marginfi and loop.
Strategy 3
Stake SOL on Marginfi or Jito_sol.
Lending JitoSOL or mSOL on Marginfi.
Borrow WBTC, SOL or ETH and provide liquidity to Drift.
Strategy 4
Stake some SOL on JitoSOL.
Deposit JitoSol into Marginfi.
Lending the cheapest LST (currently mSOL) on MarginFi.
These creative strategies provide a way to interact with multiple protocols to qualify for multiple air investments, helping to save time and effort. However, participants still need to be careful to understand the rules and conditions of each project to minimize risks. #etf #BTC #WLD #ETH