Recently, the market only needs a new project to re-stimulate liquidity, just like the launch of Liquidity Mining by Compound in 2020 , which triggered the budding of "DeFi Summer". This time, "DeFi Summer" is not delayed, but has formed its own unique expected rate of return. The current rate of return is:
Split type > Funding pool (Curve, Olympus) > Yield Farming (early stage, such as sonic, stakestone) > Yield Farming (mature stage)
The leader of split-type DeFi is Pendle, but Pendle has not deployed on Solana. As an Alpha discoverer, I believe that there will definitely be a split-type leader on Solana, which is a good opportunity for both airdrop users and DeFi users.
Currently, RateX and Exponent are doing split-type DeFi on SOL. Recently, RateX launched a 180-day fragJTO and fragSOL "one fish, three meals" event with an APY of more than 28%. Let's see how to play.
1. Introduction to RateX
RateX is the largest split DeFi protocol on Solana, providing functions such as leveraged income trading (YT), fixed income (PT), and income liquidity mining (LP).
Its principle is basically the same as Pendle. The interest-bearing assets on the pledge/re-pledge platform (such as stETH, mSOL) enter the sub-type income platform and are exchanged for standardized interest-bearing tokens (ST or SY). Users can choose to split ST into principal tokens (PT) and income tokens (YT), and at the same time form LPs to obtain higher returns (the annualized LPs of fragSOL and fragJTO are 20.88% and 25.85% respectively).
2. RateX latest activities
RateX is funded by the Solana Foundation, the top 1 winner of the Solana Hackathon (Renaissance MCM), and has been selected into the Binance MVB8 team
RateX has not yet issued any tokens, but the platform is doing various points activities. The latest activity is to use fragSOL and fragJTO to trade or form LP, and you can get 4x Fragmetric points + 5x RateX points + 5,000 JTO rewards.
3. Airdrop Tutorial
(I) Exchange interest-bearing assets (YBA) first
Enter Fragmetric official website:
Decide which currency to stake based on the number of SOL or JTO tokens in your wallet. To stake SOL, click fragSOL. To stake JTO, click fragJTO.
Enter the quantity and pledge (staking can obtain basic annualized returns on the Fragmetric platform)
(II) Participate in PT on RateX (low risk, low airdrop)
Step 1: Enter the official website
Link Wallet
Click Points
Select fragSOL or fragJTO (depending on what you staked in the previous step)
Step 2. Select "Buy PT-fragSOL
Step 3. Select the amount, click Deposit, and confirm with your wallet
You can get 5 times the RateX points here.
3. Participate in LP in RateX (medium risk, high return)
Click Points
Select Provide Liquidity
Enter the amount (at least 2 fragSOL), click Add Liquidity, and confirm with the wallet
Participating in LP can get:
Fragmetric 4x points
RateX 5x Points
Share the 5,000 JTO prize pool (until 2025/03/24)
To exit liquidity click here:
4. Participate in YT on RateX (high risk, high points)
YT can be used for high-frequency buying and selling transactions, or it can be left alone after purchase to gain market returns. Participating in YT can earn Fragmetric scores dozens of times.
In the Trade column, click "Buy YT", enter the amount, and click Trade; you can also click "Sell YT" to sell it. By swiping the transaction back and forth, retail investors can now easily obtain the maximum profit .
This event will last for 185 days (you can withdraw at any time). It can be basically determined that RateX and Fragmetric will issue tokens in the second half of the year at the earliest, which is enough for us to increase our transaction volume and points.
In the actual operation, since Fragmetric's doubled points are allocated to YT traders, if you want to obtain stable returns and doubled points, it is recommended to divide your assets into part, one part to form LP, and the other part to buy and sell on YT. If the two accounts are hedged, the wear and tear will be much smaller.
That’s all for today.
Each project can be operated with multiple accounts. The multi-account tool I currently use is MoreLogin fingerprint browser. I have been using it for almost a year and there is no problem with its security.
You can use the cloud phone function inside. New users can register using the following link:
New users can create 50 environments for free
Use the coupon code: jiamigou to get (20% discount)
https://www.morelogin.com/?from=AANvwSB8onX4
The airdrop multi-opening tutorial is as follows: