marginfi is a decentralized lending protocol built on Solana that allows users to easily borrow and lend a variety of assets. marginfi has launched a program called "mrgn points" for everyone to participate to receive Airdrop from the project. Let's find out with Coin68 how to participate in Airdrop hunting from the marginfi project!
Instructions for participating in marginfi project Airdrop hunt
Overview of marginfi
marginfi is a decentralized lending protocol built on Solana that allows users to easily borrow and lend a variety of assets. In addition, marginfi also has many other features such as swap, Stake and bridge to enhance user experience in a single interface.
Overview of marginfi
marginfi has launched a program called “mrgn points” for everyone to participate in earning points by borrowing and lending on the protocol. The points that users earn will be convertible to project Token in the future.
The way to calculate points is as follows:
For every 1 USD of any asset value that users lend, they will receive 1 point per day.
For every 1 USD of any asset value that users borrow, they will receive 4 points per day.
Users who refer others to participate in the program will receive a 10% commission.
Instructions for participating in the marginfi Airdrop hunt
First, you need to prepare aPhantom wallet and an amount of SOL Token depending on the level of risk you want. You can transfer SOL Token from CEX exchanges that support the Solana network such as Binance , OKX , Bybit ,...
Next, you access the link https://app.marginfi.com/ to borrow and lend on marginfi. To be able to borrow assets, you need to lend first as collateral on marginfi. You select “lend” and in the “Lend” section enter the amount of assets you want to lend.
Lending assets on marginfi
After completing the loan, you select "Borrow" to be able to borrow the previously lent asset. You can only borrow 60% of the value of the loaned property.
Borrow assets on marginfi
You can increase points when using borrowed assets for farming or lending on other platforms in the Solana ecosystem such as Raydium, Orca, Kamino,...
Another way you can increase your points is to invite others to join marginfi through a referral link to receive a 10% commission. You select “points” and select “Copy referral link” to invite others to join. You can support Coin68 by visiting this link https://www.mfi.gg/refer/71cae847-a6e2-4e40-b5f0-e399a75894d7
Invite other users with a referral link to receive 10% commission
summary
marginfi is a decentralized lending protocol built on Solana that allows users to easily borrow and lend a variety of assets. Through this article, you probably have some understanding of how to participate in the Marginfi project Airdrop hunt.
Note: Coin68 is not responsible for any of your investment decisions. Wishing you success and earning a lot of profit from this potential market!
