Solana has been on a huge tear this Q4 of 2023, and a lot of people are anticipating a huge round of good airdrops from the Solana ecosystem — mainly: Jupiter, Drift, MarginFi, Jito, Marinade, and Tensor.
The Projects 📋
NOTE: While there are dozens and dozens of Solana projects with potential airdrops, we only included Solana projects with the highest levels of reputation to prevent hacks and scams.
Also, these platforms are predicted to have at least $500 million (up to $5 billion) in market cap.
- Jupiter: #1 Solana DEX aggregator
- Drift: an open-sourced DEX with spot and PERPs
- MarginFi: a borrowing and lending DApp
- Jito: liquid staking on Solana, plus yield on MEV (sort of like Ethereum’s Lido + Flash Bots)
- Marinade: liquid staking on Solana
- Tensor: NFT trading (sort of like Ethereum’s BLUR)
- Parcl: Real estate trading platform
Farming and maximizing rewards 🤑
Farming these airdrops can be ludicrous, but this is the method that we think can maximize the rewards. Fortunately though, since we are farming on Solana, transaction fees are very minimal(as compared to Ethereum).
With enough farmed airdrop points and with the Solana ecosystem growing more and more as time goes on, we highly believe doing these steps will be worth it in the end.
Getting coins onto Solana 🔁
If you currently don’t have stablecoins on Solana, we have a bridging guide here.
The steps
- stake SOL with Jito to get JitoSOL and earn ±7% APY
- lend JitoSOL at MarginFi to earn points
- lend SOL at MarginFi to earn more points
- lend USDC at MarginFi to earn more points
- stake SOL with Marinade to earn MNDE and earn ±7% APY
- do weekly swaps on Drift, Jupiter, and MarginFi
- do weekly NFT buys on Tensor
Instead of weekly, you can do daily(or multiple times a day) if you have the time to spare. Also, we have a guide on why you should stake your SOL onto Jito here. - Deposit USDC on Parcl: Press the + icon, enter the amount of USDC to deposit, then click on Confirm Deposit
- Go to the Parcl Referrals page, then enter in referral code ‘mk4‘ to get a 5% bonus.
Final Notes 📝
Take note that with some of these platforms, you will be staking your crypto onto their platforms. While these platforms are carefully audited, always take note that crypto exploits do happen from time to time.
Always make sure to do proper risk control and don’t stake a huge majority of your portfolio onto these platforms, or any other platform.
