Mastering Solana Airdrop Strategies: Unveiling the Largest Opportunities of 2024

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6 Feb 2024
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The allure of earning substantial rewards through crypto airdrops has recently taken center stage, with stories circulating of individuals reaping millions in rewards. The latest sensation is the $JUP airdrop, where fortunate participants reportedly earned around $1.7 million worth of $JUP tokens. As the crypto community buzzes with excitement, this article aims to guide you through potential opportunities within the Solana ecosystem, highlighting the four major DeFi protocols that have initiated Points Programs, promising lucrative future token conversions.
Unveiling the Solana Airdrop Giants:
In the wake of the $JUP airdrop, four major DeFi protocols on Solana have emerged as the latest trendsetters. These protocols, namely MarginFi, Kamino Finance, Drift Protocol, and Solblaze, have introduced Points Programs that are expected to convert into tokens in the future.
Disclaimer: The strategies discussed in this article are not financial advice (NFA), and individuals are urged to conduct thorough research and exercise caution.
1. MarginFi: Leading the Borrowing & Lending Space on Solana
Overview:
MarginFi has made waves in the Solana ecosystem, raising over $3 million and establishing itself as a leading DeFi protocol for borrowing, lending, and liquidity provision.
Points Program:
To participate in the Points Program:

  1. Visit MarginFi.
  2. Connect your Solana Wallet (e.g., Phantom).
  3. Engage in lending, borrowing, or liquidity provision to earn points.
  4. Check your points on the dashboard after 24 hours.

Strategy:
Allocate funds for lending and borrowing to maximize points. Examples:

  • Lend $USDT/USDC for 50 points (1 point per $1 lending).
  • Borrow $SOL for 40 points (4 points per $1 borrowing).
  • Stake $BSOL for an additional 25 points (1 point per $1 lending).

2. Kamino Finance: Unlocking the Power of Yield Multiplication
Overview:
With $6 million in funding, Kamino Finance is a multifaceted DeFi protocol offering borrowing, lending, liquidity, and long/short strategies to enhance yield.
Points Program:
To participate in the Points Program:

  1. Visit Kamino Finance.
  2. Connect your Solana Wallet (e.g., Phantom).
  3. Engage in lending, borrowing, or liquidity provision to accumulate points.
  4. Monitor your points on the Kamino Finance Points Dashboard.

Strategy:
Seize the early opportunity in Season 1 by staking and engaging in lending, borrowing, or liquidity provision to accumulate Kamino points with the potential for boosted yields.
3. Drift Protocol: Trade, Swap, and Earn Points on Solana
Overview:
Drift Protocol facilitates earning, trading, and token swapping within the Solana Ecosystem.
Points Program:
To earn points on Drift Protocol:

  1. Visit Drift Protocol.
  2. Connect your Solana Wallet (e.g., Phantom).
  3. Provide liquidity or trade a minimum of $100 in volume (future trading).
  4. Points are updated every Friday.

Strategy:
To maximize points, trade on the platform 4–5 times weekly. Accumulate points through liquidity provision and ensure regular engagement.
4. Solblaze: Staking $SOL for $bSOL & $BLAZE Rewards
Overview:
Solblaze offers approximately 8% APY for staking $SOL, rewarding participants with $bSOL and $BLAZE tokens.
Points Program:
To earn Blaze tokens:

  1. Visit Solblaze Staking.
  2. Connect your Solana Wallet (e.g., Phantom).
  3. Stake $SOL, and Blaze tokens will be dropped to your wallet weekly.

Strategy:
Stake $SOL and gain additional points by staking $bSOL, creating an opportunity for enhanced point earning.
Mastering the Airdrop Game: A Personal Strategy with $100:
Divide $100 into two allocations of $50 each:

  1. Stake $50 in USDT/USDC on MarginFi, borrow $10 worth of $SOL, and stake $25 worth of $SOL in Solblaze, earning a total of 115 points per day.
  2. Stake the remaining $50 worth of $SOL in Kamino Finance and borrow $10 worth of $SOL, accumulating 175 points per day.


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