Original | Odaily Planet Daily ( @OdailyChina )
Author: Azuma ( @azuma_eth )
Solana ecosystem re-staking SVM project Solayer officially launched TGE on February 11. Although the overall performance of the currency price did not quite meet market expectations, many early staking users still earned considerable profits through airdrops.
DeFi data shows that since Solayer started preheating TGE and airdrops this month, the TVL of the protocol has declined significantly (from a peak of 2.16 million SOL to the current 1.47 million SOL) - it is clear that hot money is sniping the next similar airdrop opportunity to earn more profits using the SOL or stablecoins in their hands.
In the following, we will recommend several potential fund removals based on the main line of basic income + potential airdrops.
Meteora
Meteora is undoubtedly the hottest trading platform in the Solana ecosystem.
Ben Chow, the founder of Meteora, is also the co-founder of Jupiter. The platform’s original DLMM mechanism has shined in this round of meme cycle.
Meteora launched a points program for liquidity providers very early on. Every $1 of LP funds can accumulate 1 point, and every $1 in transaction fees will accumulate 1,000 points - so the interaction logic is also very simple, which is to form LPs, but the way of forming pools varies depending on the risk preferences.
Those with low risk appetite can invest their funds in various stablecoin trading pairs, or major SOL/LSTs trading pairs;
Those with medium risk appetite can invest in trading pairs of SOL and other tokens with the same frequency ecosystem, such as SOL/JLP, SOL/JUP, SOL/LAYER, etc.
If you are willing to accept a higher risk level, you can try to pair SOL with the currently popular meme tokens. However, given that memes can easily break out of the “Christmas tree” candlestick pattern, it is not recommended to build a pool for a long time.
As risk appetite increases, the potential market-making return ratio per unit of capital will also be higher. At the same time, since every $1 in handling fees can accumulate 1,000 points, this return ratio will also be linked to potential future airdrop returns.
Fragmetric
Fragmetric is another liquidity re-staking project on Solana.
On February 7, Fragmetric just announced that it has completed a $7 million seed round of financing, led by Finality Capital Partners and Hashed, with participation from Hypersphere, Presto Labs, Bitscale Capital, Halo Capital and Flowdesk, and support from multiple angel investors in the Solana and Restaking ecosystems.
Fragmetric has now also launched a points campaign and opened SOL and JTO deposit channels, with the SOL pool TVL of approximately US$60 million and the JTO pool size of approximately US$9.5 million.
Thanks to the SIMD-96 upgrade (described below), you can currently enjoy an APY of 11.18% after depositing SOL in Fragmetric, but there will be a cool-down period of about 10 days from the time of unstaking to the time of withdrawal. Users are advised to evaluate their liquidity needs in advance before depositing.
Odaily Note: After filling in the invitation code for Fragmetric deposits, the points will be accelerated by 10%. Users who cannot find the invitation code can try 8IG9QI .
Sanctum
Sanctum is actually a project that has issued a coin (CLOUD). The reason for recommending it is mainly based on two considerations.
The first point is that Solana activated the SIMD-96 upgrade yesterday, allowing network validators to receive 100% priority transaction fees (previously 50%), which means that network validators will receive higher staking returns in the future.
Odaily Note: There are three main sources of income for Solana network validators: 1) inflation; 2) MEV capture; 3) priority fees - SIMD-96 amplifies the third source of income.
Sanctum is the fastest-responding liquidity staking protocol after the SIMD-96 upgrade. By sharing the new income with staking users, Sanctum-related LSTs including INF are expected to achieve higher APY (currently 11.03%) in the future. In fact, in the past few months, INFs APY has generally been higher than the basic staking yield, and the SOL in the Sanctum protocol has recently exceeded a new high of 8 million.
The second point is that Sanctum has previously announced that it will launch Wonderland Season 2, the second phase of the airdrop event. It is expected that the interactive activities from the end of Season 1 to Season 2 will also be retroactively recorded.
Perena
Perena is a stablecoin project founded by Anna Yuan, the former head of stablecoin at the Solana Foundation.
At the end of last year, Perena completed a Pre-Seed round of financing of approximately US$3 million. This round of financing was led by Borderless Capital, and participated by Binance Labs, Primitive Ventures, ANAGRAM, Maelstrom, Breed VC, Temporal, ABCDE Labs, SevenX Ventures, Pivot Global, Miton, Graph Ventures and other institutions.
Perena has completed the Season 0 points activity before, but the community generally reported that the UI experience was not good at that time. Currently, it is busy with iterations, and Season 1 has not yet started. Similarly, Sanctum’s interactive activities during this window period will also be retroactively recorded.
Perena currently only supports stablecoin exchange and LP market making. The low LP basic yield is a disadvantage of Perena, but the overall interaction scale of the protocol is not large, and the competition is relatively small. Considering the founders official background in Solana, there is still a certain profit expectation.
