Solana: A guide to making money with 11 DeFi protocols

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Annual yield exceeding 15% and airdrop expectations.

Written by: 0x Sketon, DeFi Researcher

Translated by: CryptoLeo

Editor's Note: After experiencing the "Black Monday" and the "CNBC Blunder," the market has turned cold again. BTC remains around $80,000, with most Altcoins halved compared to a year ago, and the secondary market is in despair, with dog-beating friends perhaps encountering one or two large MC memecoins.

Overall, the development of tariffs and Trump's "big mouth" characteristics have led to a market entirely driven by news, making it difficult to profit from cryptocurrency trading again. DeFi researcher 0x Sketon wrote about 11 DeFi protocols on Solana worth participating in for earning yields, with many focusing on lending and stablecoin deposits, as translated by Odaily.

This article will introduce 11 DeFi strategies on Solana for earning passive income, seeking to find protocols with annual yields of 15% to 50% through lending, Vault, and farming, here is a curated list of protocols for stable income:

1、Adrastea>end USDC, providing 13.94% APY><;

2、NX FinanceDeposit SOL into the GMS lending pool (APR 16.68%), earning through collaboration with Fragmetric "yield + double points".

4、RRateX (known as small Pendle)

>

5、DeFituna

Borrow tokens into the protocol pool, currently high APY pools include SOL, Fartcoin, USDS.

6、Pluto

Deposit and borrow USDC, SOL, and PYUSD, and obtain higher APYs through JLP and INF compound loops.

7、Exponent

Pendle-style DeFi protocol on Solana, exchange corresponding tokens via Jupiterupand deposit into matching pools, with Farm and liquidity vault rewards (includingY staked token protocol Points bonuses: Fragmetric, Fyros).

8、Sandglass

Lending aggregator, choose JLP pool deposits with APY of 5-20%.

9、Vectis Finance

Delta neutral strategy, choose a vault to deposit USDC, earning 6-25% stablecoin APY.

<10Neutral Trade

Led by former Goldman Sachs team;

Choose a yield strategy and deposit funds and 1-2x NT points (airdrop).

11、synatra

Synthetic re-staking protocol, convert SOL to ySOL, earning 31-38% APY.

The above recommare's lending and deposit APY, I recommend focusing on the:

  • RateX: Seed round invested by Ventures, Solana Foundation supported, Solana 2024 Renaissance Hackathon MCM first prize, clear mechanism;

    : announced $2.1 financing in in 024, led by RRockawawaystaked tokens earn multiple project points bonus;

  • DeF:ituna: Founder Dhirk previously wrote about building V222also an will announce token TGE, first a revenue sharing token, governance function to be added later. Dh>

>, most projects including recommended ones are early-stage with certain risks, participate cautiously, YOUR!

If necessary, will select and introduce several key projects in detailed in the future.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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