Original author: Alex Liu, Foresight News
Trumps official meme coin TRUMP quickly passed the market value of 10 billion, and the wealth effect created also made countless people free. Want to lock in the SOL you earn and deposit it in the potential DeFi protocol to earn income instead of PVP? We have listed the options worth considering.
RateX
RateX is the first place winner of the Solana Renaissance hackathon. Within two months of its launch, its TVL exceeded $50 million, making it the fastest DEX to achieve this achievement. Currently, it has no token issuance, but has a points system.
What exactly is RateX? Why has it developed so rapidly? Simply put, it is like Pendle on Solana, allowing users with high risk preferences to leverage uncertain returns such as points, while allowing users with low risk preferences to lock in fixed returns.
Now you can lock in more than 20% of fixed annualized returns and points through various SOL PTs, or lock in nearly 20% of fixed annualized returns and points through USDe and sUSDe PTs. You can also provide liquidity to achieve high returns and high points.
Fragmetric
Fragmetric is a liquidity re-staking protocol on Solana, and it also participates in Jitos re-staking. It has not yet issued a coin, but has a points system. In the first round of financing completed in November last year, Solanas core circle including Solana founder Anatoly Yakovenko, Solana Foundation Chairman Lily Liu, Jito Labs founder Lucas Bruder, Backpack founder Tristan, Wintermute co-founder Yoann Turpin participated in the investment.
The TVL of the project is now 64.7 million USD (currently limited to the pledge amount and opening time). The second phase will be opened at 0:00 on January 23, and fragSOL will be transferable. Using the Backpack wallet will have a 30% bonus on points.
Recommended reading: A quick look at Solana’s liquidity re-staking protocol Fragmetric Phase 1 TVL exceeds 8 million US dollars. What are the highlights of the project and how to participate?
Lulo
Don’t want to bear the high volatility of cryptocurrencies? Converting directly to stablecoins to earn interest is also a good choice!
Lulo will automatically deploy stablecoins in the Solana ecosystem’s highest yielding protocol, and through Lulo deposits, the points and airdrops of the underlying protocol are retained. Lulo itself has not issued any coins.
Meteora
Meteora is a liquidity protocol on Solana and a product of Jupiter. It will launch the MET token separately, and users can earn points by providing liquidity.
Trump also used its DLMM liquidity pool to issue coins. Presidential elections are strict. Why not interact with it? The annualized returns of some multi-currency liquidity pools are quite good.
In addition, Meteora provides LP of various Meme coins, which is an option with both difficulty and benefits. Readers are recommended to explore it on their own.
marginfi
Marginfi can be regarded as the ancestor of the point PUA on Solana, and the point system has continued from the end of 2023 to the present. However, marginfi is still the mainstream protocol on Solana with over $400 million TVL, and hinted in multiple tweets at the beginning of the year that it will issue coins this year.
Kamino The Vault
Although Kamino has already issued tokens, its multi-season airdrop activities have been ongoing. By using its Mutiply function to deposit vSOL, you can simultaneously obtain points from Kaminos third season airdrop activities and points from the liquidity staking protocol The Valut.
